Bank Australia Personal Loans
What personal loans does Bank Australia offer?
At the time of writing, Bank Australia offers the following personal loan products:
- Lifestyle Personal Loan – Property Owner: Home Owners can borrow money for any purpose at a lower interest rate. Features include the ability to make extra payments, fixed regular payments and availability of a redraw option.
- Lifestyle Personal Loan: Features include the ability to make extra repayments and fixed regular payments.
Bank Australia also offers car loans. Bank Australia says it will offset your vehicle’s carbon emissions for the life of the loan. Additionally, if you purchase a Low Emission Vehicle, you are eligible for a 1% interest rate discount to your loan and to have the establishment fee waived.
What can you use Bank Australia’s personal loans for?
Personal loans can typically be used for important life events and other large expenses, such as:
- Buying a car
- Debt consolidation
- Holidays
- Home renovations
- Weddings and more
Bank Australia says its personal loans can be used for any ‘worthwhile’ purpose. Read the product disclosure statement (PDS) from Bank Australia for any specific details on what you may or may not be able to take out a personal loan for.