Which Australian bank offers the lowest interest rates under the renovation loans for 1 year08.05.2020

Bankchart.com.au has surveyed the terms of the offered renovation loans for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 08.05.2020

As of 29 April 2020 the loans under review have been offered by 25 banks.  The average comparison rate under such loans equals 14,61 % p.a. The total number of the loan programs available for the specified loan terms is 60.

The most affordable personal loan is offered by Police Bank. The comparison rate under "Green Loan" loan program constitutes 5,79 % 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-25 renovation loans loan programs for 1 year, as of 29 April 2020

#

Name

Interest Rate, %

1

5,79

interest rate, %

interest rate

5,79

one-time fees

no

periodic fees

no

2

4,95

interest rate, %

interest rate

4,95

one-time fees

$ 125,00

periodic fees

no

3

8,89

interest rate, %

interest rate

8,89

one-time fees

no

periodic fees

no

4

4,69

interest rate, %

interest rate

4,69

one-time fees

$ 200,00

periodic fees

$ 5,00, monthly

5

8,75

interest rate, %

interest rate

8,75

one-time fees

$ 90,00

periodic fees

no

6

7,89

interest rate, %

interest rate

7,89

one-time fees

$ 150,00

periodic fees

no

7

9,75

interest rate, %

interest rate

9,75

one-time fees

$ 90,00

periodic fees

no

8

12,32

interest rate, %

interest rate

12,32

one-time fees

no

periodic fees

no

9

8,50

interest rate, %

interest rate

8,50

one-time fees

$ 150,00

periodic fees

$ 5,00, monthly

10

8,99

interest rate, %

interest rate

8,99

one-time fees

$ 206,00

periodic fees

no

11

11,05

interest rate, %

interest rate

11,05

one-time fees

$ 100,00

periodic fees

no

12

9,54

interest rate, %

interest rate

9,54

one-time fees

$ 200,00

periodic fees

no

13

7,79

interest rate, %

interest rate

7,79

one-time fees

$ 250,00

periodic fees

$ 5,00, monthly

14

9,49

interest rate, %

interest rate

9,49

one-time fees

$ 175,00

periodic fees

$ 5,00, monthly

15

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

16

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

17

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

18

10,99

interest rate, %

interest rate

10,99

one-time fees

$ 150,00

periodic fees

$ 7,50, monthly

19

10,98

interest rate, %

interest rate

10,98

one-time fees

$ 250,00

periodic fees

no

20

11,50

interest rate, %

interest rate

11,50

one-time fees

$ 150,00

periodic fees

$ 10,00, monthly

21

16,99

interest rate, %

interest rate

16,99

one-time fees

no

periodic fees

$ 6,00,

22

12,45

interest rate, %

interest rate

12,45

one-time fees

$ 150,00

periodic fees

$ 30,00, every 3 months

23

12,69

interest rate, %

interest rate

12,69

one-time fees

$ 150,00

periodic fees

$ 10,00, monthly

24

11,99

interest rate, %

interest rate

11,99

one-time fees

$ 250,00

periodic fees

$ 12,00, monthly

25

20,49

interest rate, %

interest rate

20,49

one-time fees

$ 199,00

periodic fees

no

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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