Personal Loan
A Personal Loan designed for customers to enjoy something they want or need now, if they currently don't have the savings or cash to make the purchase.
- From
- 11.3%
- 12.32% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 5 years The displayed fixed rate of 11.30% p.a. applies to secured personal loans. The Comparison Rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. Different amounts and terms will result in different Comparison Rates. | 11.3% | 12.32% | — |
| Fixed · 5 years The displayed fixed rate of 14% p.a. applies to unsecured personal loans. The Comparison Rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. Different amounts and terms will result in different Comparison Rates. | 14% | 14.99% | — |
| Variable The displayed variable rate of 17.65% p.a. applies to secured personal loans. | 17.65% | 18.6% | — |
| Variable The displayed variable rate of 20.35% p.a. applies to unsecured personal loans. | 20.35% | 21.28% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee | Upfront | |
| Transfer Fee Payable if the Customer asks the Bank to change the security property by releasing its security over some or all of the security property and taking security over different property, without any other amendments to the agreement. It does not include any solicitor costs or fees payable to a government registry to register a document. | Event | |
| Arrears Letter Fee | Event | |
| Search Fee Per hour or part thereof - payable whenever the Customer (or a Guarantor) requests a copy of a document (other than a statement) connected to the Facility. It is calculated on the basis of the time that it takes the Bank’s staff to search for the document. | Transaction | |
| Direct Debit Dishonour Fee Payable whenever a direct debit to the Customer’s loan account is dishonoured. | Event | |
| Tenanted Security Report Fee Per hour or part thereof - payable when the security property is to be the place of residence of the Customer and the Bank ascertains by inspection (because the Customer did not tell the Bank) that the Customer no longer occupies the security property. It is calculated on the basis of the time that it takes the Bank’s staff or agents to inspect the security property. |
Features
- • Fixed and variable interest rates available. Fixed rates offer the security of always knowing how much your repayments will be in advance, which makes it easy to manage your finances. • Loans available for a range of amounts and terms. • Flexible repayment options - weekly, fortnightly, or monthly. • Easy repayment methods including via internet banking, and direct debit from your Arab Bank Australia account. • Secured and unsecured options. Security can be a car, boat or a guarantee. • Ability to make extra repayments on a variable rate personal loan without any penalties. • Regular statements available.
- Secured and unsecured options
- Digital banking
Eligibility
- Minimum age — 18 years
- The following is subject to the Bank’s lending criteria: • New and existing customers. • Individuals who are 18 years of age or over. • Available only for private or domestic use and cannot be used for business purposes. • Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
Constraints
- Minimum limit — $5,000.00
- Maximum limit — $50,000.00
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 19 May 2026 · Product ID PERSONAL01 · View on CDR.gov.au