Alex gets you a secured personal loan with personalised interest rates based on your credit history and doesn't penalise you for making additional repayments or paying your loan out earlier.
Category: Personal Loans Last Updated September 10, 2024 Effective December 18, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Alex Bank secured personal loans (car) are available for a minimum of 1 year to a maximum of 7 years. Interest rates for a term up to 5 years range from 11.74% p.a. for borrowers with an outstanding credit rating and financial position, to a maximum Annual Percentage Rate (APR) 21.74% p.a. (comparison rate* 12.17% p.a. to 22.22% p.a.). Where the loan term is higher than 5 years a higher rate applies.
Interest Rate 11.74% PA
Comparison Rate 12.17%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, DISCOUNT, 10.74%
Lending Rate Type: Discount
Interest Rate: 10.74%, Comparison Rate 11.17%
Repayment Type: Principal And Interest
Loan Purpose:
Product Features
OtherAdditional Information: No monthly or annual account keeping fees
OtherAdditional Information: You can make extra repayments or payout the loan in full early without any penalty
OtherAdditional Information: Pay weekly, fortnightly or monthly via direct debit
Product Eligibility
Natural Person - Individuals Must Have The Legal Capacity To Enter Into The Loan Contract. Not Available For Joint Borrowers Or Non-individual Borrowers..
Residency Status - Individuals Must Be An Australian Citizen Or Permanent Resident.
Min Age - 18.
Bank Fees and Charges
Establishment Fee (Upfront), Amount: 295.00.
Late Payment Fee (Event), Amount: 0.00.
Early Repayment Fee (Event), Amount: 0.00. Additional Information: Flexibility to make extra repayments or payout loan in full without penalty