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Personal loan

Alex gets me
an award-winning
personal loan

With personalised rates from 4.99%
(comparison rate 4.99%*)
Apply now
InfoChoice Personal Loan Award 2021
Money Magazine Personal Lender of the Year award
Canstar Outstanding Value Personal Loan award
RateCity Gold Award 2021 - Excellent Credit Personal Loan
Mozo Experts Choice 2021 - Best new loan product award
Finder finalist 2020 & 2021 - Personal Loan (risk based) award

Our personal loan is awarded by Australia’s leading comparison sites

Build your personal loan

Get an estimate of your personal loan repayments by adjusting the loan amount and term below.
Fast icon
It only takes 5 minutes
$0 establishment fee^
Personalised icon
Personalised rates from 4.99%
(comparison rate 4.99%*)
Borrow icon
Borrow $2,100 – $30,000
Repayment icon
Flexible repayment terms
6 months – 5 years

What you need to apply for a personal loan

Over the age of 18 years old
Be receiving regular income
Haven’t been bankrupt
Be an Australian Citizen /
Permanent Resident
Alex Personal Loan Calculator 2.0.0

Why take out a personal loan with Alex

Our award-winning personal loan gives you a competitive rate, customised to your situation with no hidden fees and no worries.
No fees icon

No ongoing fees

Our personal loan has no reoccurring or hidden fees, unless you miss a payment.
Paperless icon

We’re paperless

Our whole personal loan application process is paperless, including live credit and ID checks.
No payouts icon

No early payout fee

Make as many extra repayments on your personal loan as you like with no fees to pay out your balance early.
No worries icon

No worries

Our systems are secured with bank-grade encryption to ensure your personal information is safe.
Apply now

How our personal loan compares~

Alex gets me a better rate

Our aim is to always provide a better rate than other banks.
Based on a $30,000 loan over 5-year term, take a look at how our personal loan compares.
Apply now

Comparison rate* (p.a.)

From
4.99%
NAB
From
7.91%
ANZ
9.88%
Westpac
10.17%
CBA
From
12.38%
Source date
~Source: Relevant competitor or comparison websites as at 20 September 2021.

Why a personal loan?

Get more of what you really care about, whether that be renovating your home, a new set of wheels or streamlining your debts.
A couple and their dog in a room doing renovations

Home improvement

Extend, redesign or renovate with a personal loan from Alex Bank.

A lady sitting on the beach next to a 4WD and camp fire

Car and vehicle

Get from A to B with a car loan from Alex Bank.

A lady standing in her kitchen enjoying a cup of coffee

Debt consolidation

Streamline your debts into a single repayment with a debt consolidation loan from Alex Bank.

Looking at the ocean past legs floating in the water with flippers on

Holiday

Hit the road and explore your own backyard with a personal loan from Alex Bank.

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“Everything worked really quickly and as expected. The funds were in my account within 2 hours.”

Alhana, QLD
“

“It was really good that my personal loan rate was personalised to my history and was fair to me.”

Brooke, VIC
“

“The personal loan application process was simple, quick and easy.”

Pat, NT
“

“It was great that I didn’t have to jump through hoops for my personal loan application.”

Timothy, QLD
“

“I honestly thought the personal loan process was really great and happened really quickly.”

Grace, NSW
“

93% of our customers would recommend an Alex Personal Loan

Alex Customer Survey - Jan 2021

We’re here to help

We’re a digital bank with real humans ready to help.
Chat with our team, email us at hello@alex.bank
or phone us on 1300 738 453
Contact Us

Important information

Personal Loan Disclaimer
Terms, conditions, fees and charges apply and will be included in our loan offer. Applications for finance are subject to credit approval.
Alex personal loans are available for a minimum of 6 months to a maximum of 5 years. Interest rates range from 4.99% to a maximum Annual Percentage Rate (APR) 19.99% p.a. (comparison rate* 4.99% to 19.99% p.a.). Representative example: based on an unsecured personal loan with an interest rate of 4.99% p.a. (comparison rate* 4.99% p.a.), the total repayments of a loan for $30,000 over a 5 year term would be $33,959.97 (including an establishment fee of $0).
^Alex’s standard establishment fee of $295 will be waived for all applications fully submitted between 26 February 2021 and 3 November 2021. This offer is not transferable and subject to our assessment and suitability.
*Comparison rate based on $30,000 unsecured loan amount and 5-year loan term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.