Which Australian bank offers the lowest interest rates under the personal loans for 1 year - 23.08.2019

Bankchart.com.au has surveyed the terms of the offered personal loans for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 23.08.2019

As of 12 August 2019 the loans under review have been offered by 14 banks.  The average comparison rate under such loans equals 13,10 % p.a. The total number of the loan programs available for the specified loan terms is 20.

The most affordable personal loan is offered by G&C Mutual Bank. The comparison rate under "Secured Equity Line of Credit" loan program constitutes 5,72 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.

The TOP-14 personal loans loan programs for 1 year, as of 12 August 2019

#

Name

Interest Rate, %

1

5,72

interest rate, %

interest rate

5,72

one-time fees

no

periodic fees

no

2

6,49

interest rate, %

interest rate

6,49

one-time fees

no

periodic fees

no

3

8,89

interest rate, %

interest rate

8,89

one-time fees

no

periodic fees

no

4

6,95

interest rate, %

interest rate

6,95

one-time fees

$ 125,00

periodic fees

no

5

4,94

interest rate, %

interest rate

4,94

one-time fees

$ 200,00

periodic fees

$ 5,00, monthly

6

7,89

interest rate, %

interest rate

7,89

one-time fees

$ 150,00

periodic fees

no

7

11,30

interest rate, %

interest rate

11,30

one-time fees

no

periodic fees

no

8

9,95

interest rate, %

interest rate

9,95

one-time fees

$ 90,00

periodic fees

no

9

7,79

interest rate, %

interest rate

7,79

one-time fees

$ 250,00

periodic fees

$ 5,00, monthly

10

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

11

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

12

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

13

11,74

interest rate, %

interest rate

11,74

one-time fees

$ 208,00

periodic fees

no

14

10,99

interest rate, %

interest rate

10,99

one-time fees

$ 195,00

periodic fees

$ 7,50, monthly

To view the up-to-date rating of the personal loans at our website, click here.

Reference:

Comparison Rate means quoted interest rate adjusted subject to non-recurring and periodical fee, if applicable.

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