Personal Loans

Get an award-winning low rate unsecured personal loan with no upfront, ongoing or early repayment fees.

Awards 2021

Our personal loan is awarded by Australia's leading comparison sites. See all of our awards

Get an award-winning personal loan
From

7.45%p.a.

Fixed & Comparison rate*

Rate based on an outstanding credit rating and financial position. Learn more

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Zero Alex Bank fees

We've ditched the fees to give you a better deal! Enjoy no upfront, ongoing or early repayment fees.

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Fast turnaround

Get speed service! Apply in just 5 minutes and get a decision outcome in one business day.

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Fair rates

Our fixed interest rates are risk-based, meaning the better your credit history, the better your interest rate.

Apply in 4 easy steps

Calculate your loan repayments

To get started use our repayment calculator. Select your loan purpose, credit situation and loan requirements.

Apply online in minutes

Gather your ID and financial details to complete our quick 5 minute application form.

Confirm your identity

You'll be prompted to perform a digital ID check with a photo of your ID and headshot. It's as easy as a selfie!

Connect your bank statements

Connect to digitally send us 90-days of transactions quickly and securely via our bank statements retrieval feature, powered by illion.

Get a fast result

Once you've completed your application, we won't keep you waiting. You'll know your application outcome in as little as one business day. If approved, and once your loan contract has been signed - we'll send the funds to your designated account.

We’re all for fair rates

See how we compare.

Understanding our rates

Comparison rates quoted p.a. for unsecured personal loans.
Source: Relevant competitor or comparison websites as at 18 July 2022.

A fair go means zero Alex Bank fees

That's right, we've scrapped the fees to give you a fairer go when it comes to your personal loan.

See our credit fee guide

The fees we won't hit you with...

$0       Establishment fees

$0       Monthly account fees

$0       Early repayment fees

$0       Late payment fees

What can I use an Alex Bank unsecured personal loan for?

We know that everyone's wants and needs are different. That's why our personal loans can be used for a variety of reasons. Borrow between $2,100 - $30,000 and access flexible repayment terms between 6 months to 5 years.

Buying a car or vehicle

Dreaming of a new or second car? Get on the road sooner with an Alex Bank personal loan.

Home renovations

Sick of your old kitchen or bathroom? Realise your home reno aspirations sooner with an Alex Bank personal loan.

Making a major purchase

Got a large purchase on your list you need help funding? Whether it's a boat, caravan, motorbike, wedding, new puppy or travel we've got an option for you.

Investing in solar power

Looking to be more eco-friendly? You could use our personal loan to invest in solar panels, solar hot water systems, solar batteries, electric vehicle charging stations and more.

Fund a holiday

Thinking about your next trip? Our personal loans can help get you there and turn your dreams into reality.


Medical expenses

Whether unexpected or planned, take the stress out of medical and dental expenses with an Alex Bank personal loan.

Education expenses

Need help getting ahead? Our personal loan could help you cover out of pocket education and study costs.

Debt Consolidation

Juggling too many debts? You could streamline your debts into a single manageable repayment with a debt consolidation personal loan.

Unsecured Personal Loan

Get a competitive rate, and flexible repayment options with our award-winning unsecured personal loan.

Apply for a loan today

Highly rated

Our customers rate their overall experience with Alex Bank a 4.8/5! Based on an Alex Bank internal customer survey May 2022.

See our awards and reviews

Secured Personal Loans are on their way

A secured personal loan can offer you a lower interest rate and higher borrowing amounts when compared with an unsecured personal loan. To secure this rate, you'll need to provide collateral such as a car to back the loan.

We’ll release more details about our Secured Personal Loan soon, so watch this space!

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Frequently asked questions

  • How is my personalised rate determined?

    Rates are personalised depending on your credit history, financial circumstances and how much you are looking to borrow over what time. Take a look at our easy to use Loan Calculator to estimate your rate.

  • Does Alex Bank accept joint Personal Loan applications?

    No, at this stage we only accept applications in individual names.

  • Can I apply if I don’t have suitable ID?

    No, we must be able to identify you with an Australian Driver’s Licence or Australian Passport for our online ID systems to identify you securely.

  • Are there any fees?

    We’ve made our personal loan as fair as possible with no upfront, ongoing or early repayment fees.

    Check out all the fees we won't hit you with.

    • $0 Establishment fees

    • $0 Monthly account fees

    • $0 Early repayment fees

    • $0 Late payment fees

    See our credit fee guide for more infomation.

  • How often can I pay off my loan?

    We’re flexible. You can make weekly, fortnightly or monthly payments. You can also pay out your entire loan amount at any time without any extra fees. We won’t penalise you for getting ahead!

Borrow with Alex Bank

Get a competitive rate, and flexible repayment options with our award-winning unsecured personal loan.

Save with Alex Bank

Make your hard earned dollars work for you with an Alex Bank savings account.