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A Personal Loan with up to 50,000⁺ Qantas Points

Alex.Bank has partnered with Qantas Frequent Flyer to bring you our award-winning Unsecured Personal Loan - no ongoing fees, no early repayment penalties, personalised rates, and now, earn Qantas Points too.

Our products have been awarded by some of Australia's leading comparison sites. See all of our awards

Get an award-winning Unsecured Personal Loan
From

8.49%p.a.

Fixed and Comparison Rate*

Rate based on outstanding credit rating and financial position. Learn More.

Apply Now
Competitive Rates

Get competitive rates on our loans with personalised rates based on your individual credit and financial position.

Earn up to 50,000 Qantas Points

Earn 1 Qantas Point for every $1 you borrow when applying for an Alex.Bank Unsecured Personal Loan, up to 50,000 Qantas Points

Fast turnaround

It’s quick and easy to apply online – the average time is 5 minutes.

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, financial information and Qantas Frequent Flyer 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 safe, secure and 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. Qantas Points will be credited to your Qantas Frequent Flyer account within 30 days of settlement.

A fair go means no ongoing fees

That's right, we've scrapped all ongoing fees to give you a fairer go.

See our credit fee guide

The fees we won't hit you with...
  • $0 - Establishment Fee
  • $0 - Monthly account fees
  • $0 - Early repayment fees
  • $0 - Late payment fees

Achieve your goals sooner with an Alex.Bank Personal Loan. Our fast and simple application process ensures you'll have the funds when you need them.

Am I eligible for an Alex.Bank Unsecured Personal Loan with Qantas Points?
  • Australian citizen or permanent resident
  • Over 18 years of age
  • Must be a Qantas Frequent Flyer member
How much can I borrow?
  • Our flexible unsecured loan options allow you to borrow between $2,100 - $50,000 for Cars, Vehicles and Home Improvements; and between $2,100 - $30,000 for all other loan purposes.
  • Choose repayment terms between 6 months and 7 years to fit your budget (dependant on loan purpose)
  • Use our calculator to determine your weekly, fortnightly or monthly repayments based on your chosen terms
How many Qantas Points
  • Earn 1 Qantas Point for every $1 you borrow, capped at 50,000 Qantas Points+
  • Qantas Points will be credited to your Qantas Frequent Flyer account within 30 days of settlement

What do you need a loan for?

We know that everyone's wants and needs are different. Alex.Bank's unsecured personal loan offers flexibility by not being tied to an asset, meaning you can fund purchases without needing an asset for security (such as a car or house).

Buying a car or vehicle

Dreaming of a new or second hand 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.

Ways to use your Qantas Points

Choose from thousands of amazing rewards:

Flights

Use your Qantas Points on every eligible flight with Qantas, Jetstar and over 30 oneworld member, partner airlines and their affiliates to more than 1,200 destinations globally.

Classic Upgrade Rewards

Use your Qantas Points to request an upgrade to Premium Economy, Business or First on Qantas marketed and operated flights and add a little luxury to your next trip.~

Hotels and Holidays

Make your dream trip a reality and use your Qantas Points to book curated holiday packages, unforgettable tours and over 500,000 hotel stays.

and more!

Discover thousands of other amazing rewards waiting for you, from retail therapy to wine, entertainment and so much more.

Award-winning Personal Loan

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

Digitally Verify Your ID with Alex.Bank in a Few Simple Steps

Select your ID Documentation

You can choose from physical Driver’s License or Passport to verify your identity.

Entering your Personal Information

When completing your application please make sure your details match with the ID document you have selected, including Full Name and Date of Birth.

Secure Document Capture

Using our secure ID capture process, take a picture of your ID document where there is a picture of you, for example the front of your Driver’s License. Follow the instruction to ensure there is no glare and your ID fits in the capture window.

Take a Selfie

By taking a selfie of in a well lit space it allows us to confirm your identity and helps us protect you.

Learn more

Read our product description and guides to understand our Personal Loan product better.

Consider the Target Market Determination and Terms and Conditions before making a decision.

Personal Loan Target Market Determination

Personal Loan Terms and Conditions

Qantas Frequent Flyer Terms and Conditions

Frequently asked questions

  • When will I receive my Qantas Points?

    Once your loan has settled your Qantas Points will be credited to your Qantas Frequent Flyer account within 30 days.

  • What if I am not a Qantas Frequent Flyer member?

    A joining fee usually applies, however, Alex.Bank has arranged for this to be waived for new customers who join here. Membership and points are subject to the Qantas Frequent Flyer program Terms and Conditions. 

  • Should I check my credit score before applying?

    It can be handy to understand your credit score and financial worthiness in general. Alex.Bank only accept applications with higher than average credit scores. Your credit score is also one of many factors that we use to personalise your interest rate. You can get your credit score for free before applying from Equifax here.

  • How is my personalised rate determined?

    Your rate is tailored just for you based on a few key factors: your credit history, financial situation, the purpose of your loan, and how much you want to borrow over what period. To get a quick estimate of your rate, try our easy-to-use Loan Calculator.

  • What do I need to apply for a loan?

    If you are eligible to apply, you will need to ensure that you have the following:

    • A current Australian Driver’s Licence or passport
    • The account number and BSB of where your loan repayments will be direct debited from
    • You’ll need a working camera on the device you are completing your application on so that we can verify your ID. i.e. laptop, mobile, tablet.
    • You'll need to digitally connect 90-days of Bank Statements powered by our partner Illion.
    • Your Qantas Frequent Flyer Number
  • Why do I need to digitally connect 90-days of my bank statements?

    Our bank statements feature allows us to verify your banking transactions within seconds. This feature is powered by illion who provide this solution to over 200 financial services providers in Australia and New Zealand. They use bank-grade security and no login information is seen or stored by Alex.Bank.

  • Are there any fees?

    We’ve made our loans as fair as possible with no ongoing or early repayment fees.

    • $0 Establishment fee (unsecured personal loan, unsecured green loan)
    • $295 Establishment fee (secured car loan, secured EV car loan)
    • $0 monthly account fees
    • $0 early repayment fees
    • $0 late payment fees

    See our credit fee guide for more information.

  • Does Alex.Bank accept joint Personal Loan applications?

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

Learn more about us

We’re a digital-first bank passionate about building the future of banking in Australia.

Learn more

A Term Deposit with Qantas Points

Let your savings take off. Discover a Term Deposit with a competitive rate that also gives you Qantas Points.

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Important information

Qantas Points

+ You must be a Qantas Frequent Flyer to earn and redeem Qantas Points. A joining fee usually applies, however, Alex Bank has arranged for this to be waived for new customers who join here. Membership and points are subject to the Qantas Frequent Flyer program Terms and Conditions. 

You must register your Qantas Frequent Flyer number and the last name attached to your Qantas Frequent Flyer account upon application to earn Qantas Points. Qantas Points will be credited to the member's Qantas Frequent Flyer account within 30 days of your Loan settlement. You will receive an email from Alex Bank informing you that your Qantas Points have been credited to your Qantas Frequent Flyer account. Unless specifically referred to, this offer cannot be used in conjunction with any other advertised or promotional offer, and may be withdrawn, changed or removed at any time. Terms, conditions, fees and charges apply and will be included in the Alex Bank Loan offer. Applications for finance are subject to credit approval.

Personal Loans: Australian resident Qantas Frequent Flyer members who apply and are approved for an eligible unsecured personal loan with Alex Bank on or after 3 February 2025 will earn 1 Qantas Point for every $1 of lending at settlement of loan up to a maximum of 50,000 Qantas Points. Customers must apply for their Personal Loan through www.alex.bank/qantas-personal-loan.

Green Loans: Australian resident Qantas Frequent Flyer members who apply and are approved for an eligible unsecured personal loan (green) with Alex Bank on or after 3 February 2025 will earn 1 Qantas Point for every $1 of lending at settlement of loan up to a maximum of 50,000 Qantas Points. Members who are approved and eligible for an unsecured personal loan (green) will earn an additional 5,000 bonus Qantas Points at settlement of loan. Customers must apply for their Green Loan through www.alex.bank/qantas-green-loan.

Car Loans: Australian resident Qantas Frequent Flyer members who apply and are approved for an eligible secured personal loan (car) with Alex Bank on or after 3 February 2025 will earn 1 Qantas Point for every $1 of lending at settlement of loan up to a maximum of 100,000 Qantas Points. Customers must apply for their Car Loan through www.alex.bank/qantas-car-loan.

Electric Vehicle Loans: Australian resident Qantas Frequent Flyer members who apply and are approved for an eligible secured personal loan (electric vehicle) with Alex Bank on or after 3 February 2025 will earn 1 Qantas Point for every $1 of lending at settlement of loan up to a maximum of 100,000 Qantas Points. Members who are approved and eligible for a secured personal loan (electric vehicle) will earn an additional 5,000 bonus Qantas Points at settlement of loan. Customers must apply for their Electric Vehicle Loan through www.alex.bank/qantas-ev-loans.

<Classic Flight Rewards are available on Qantas, Jetstar and partner airlines. Seats are subject to capacity controls, availability is limited, and some flights may not have any Classic Flight Rewards available. Taxes, fees and carrier charges are payable to Qantas (excluding any amounts payable to third parties at the airport) by an Accepted Payment Card in addition to the points required on Classic Flight Reward flights. Qantas Points required and taxes, fees and carrier charges are subject to change and quoted at the time of booking. For more information, visit Classic Flight Rewards. 

~Classic Upgrade Rewards are available on Classic Flight Rewards in Economy and Premium Economy, Classic Plus Flight Rewards in Economy and Premium Economy, eligible paid and confirmed Qantas domestic and international flights with a Qantas (QF) flight number on your ticket, and from time to time on codeshare flights operated by another carrier that have a QF flight number on your ticket. Classic Upgrade Rewards are not available from all fare types. See tables for details. Classic Upgrade Rewards are subject to capacity controls and availability (which is limited). For more information, visit Classic Upgrade Rewards or see the Terms and Conditions. 

# Qantas Hotels: Members will not be able to redeem points for, or earn points on, additional charges paid to the accommodation provider for extras (including cots, breakfasts and other incidentals) on check-in or check-out (as applicable). Cancellation and refund policies and conditions differ for each hotel, check at the time of booking. View full terms and conditions. Points Plus Pay: Points Plus Pay allows you to choose the number of Qantas Points you redeem above the specified minimum level of 5,000 and pay for the remainder of the booking value with an Accepted Payment Card (including VISA, MasterCard or American Express). Points Plus Pay is not available for Classic Hotel Rewards. The ability to use Points Plus Pay is subject to meeting the minimum points requirement of 5,000 Qantas Points. Classic Hotel Rewards: Minimum night stays and blackout dates may apply. Classic Hotel Reward must be booked using Qantas Points only. Qantas Holidays: Points Plus Pay: Qantas Frequent Flyer members can redeem Qantas Points when booking hotel accommodation through qantas.com/hotels or holiday packages through qantas.com/holidays, using Points Plus Pay. Members cannot redeem points for additional charges paid to the hotel for extras (including cots, breakfasts and other incidentals) on check-in or check-out (as applicable). Points Plus Pay allows you to choose the number of Qantas Points you redeem above the specified minimum level of 5,000 and pay for the remainder of the booking value with an Accepted Payment Card (including VISA, MasterCard or American Express). Points Plus Pay is not available for Classic Hotel Rewards. View full terms and conditions here.