Unsecured Personal Loan
Our Unsecured Personal Loan offers a fixed rate for the life of your loan, flexible repayments, competitive interest rates and the freedom of an unsecured loan option. You can use our personal loan for almost any purpose; from buying a car to refinancing an existing loan and debt consolidation.
At a glance
- Fixed
- 8.99%10.73% comparison
- Loan size
- $2,000 to no maximum
- Upfront fee
- $250
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 44th lowest of 68, level with 2 others |
| Fixed personal loanRepayments stay the same for the term | 8.99% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 27th lowest of 42, level with 2 others |
Rates
The one rate People First Bank publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedWe will confirm the specific details of your loan, including your actual interest rate and repayment amounts in your loan offer document. | P&I | 5 yrs fixed | $2,000–$50,000 | 8.99% | 10.73% | - |
Fees
4 fees published, grouped by when they're charged.
When you take it out1
- Personal Loan Application Fee
Personal Loan Application Fee
$250
When particular things happen3
- Arrears Administration Fee 1
Payable if you fail to make repayments due under your credit contract and you do not pay an amount sufficient to clear all repayment arrears within 7 days of us notifying you that your account is in…
$25 - Arrears Administration Fee 2
Payable if you fail to make repayments due under your credit contract and your account remains in arrears for a period of 20 days or more.
$25 - Notice of Enforcement fee
Charged whenever an eforcement notice is issued in relation to a credit contract that is not secured by a mortgage over real property.
$25
Features
- Repayments are contracted monthly, however flexibility to pay monthly, fortnightly, or weekly.
- Pre-Approval valid for 90 days
- No penalties for additional repayments or early payout
- Fixed loan terms up to seven years.
- No monthly account keeping fees
Eligibility and limits
- Minimum age 18
- Residency: Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- Available to individuals
- Amount from $2,000, no maximum
- Terms, conditions, fees, charges and lending criteria apply and are available on application
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 30 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.