Which Australian bank offers the lowest interest rates under the renovation loans for 1 year22.08.2019
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 - 22.08.2019
As of 12 August 2019 the loans under review have been offered by 25 banks. The average comparison rate under such loans equals 15,45 % 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 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-25 renovation 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
9,20
interest rate, %
interest rate
9,20
one-time fees
$ 90,00
periodic fees
no
8
11,30
interest rate, %
interest rate
11,30
one-time fees
no
periodic fees
no
10
8,50
interest rate, %
interest rate
8,50
one-time fees
$ 150,00
periodic fees
$ 5,00, monthly
12
7,79
interest rate, %
interest rate
7,79
one-time fees
$ 250,00
periodic fees
$ 5,00, monthly
13
9,49
interest rate, %
interest rate
9,49
one-time fees
$ 175,00
periodic fees
$ 5,00, monthly
14
8,49
interest rate, %
interest rate
8,49
one-time fees
$ 195,00
periodic fees
$ 12,00, 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
13,19
interest rate, %
interest rate
13,19
one-time fees
$ 100,00
periodic fees
no
18
10,99
interest rate, %
interest rate
10,99
one-time fees
$ 150,00
periodic fees
$ 7,50, monthly
19
11,74
interest rate, %
interest rate
11,74
one-time fees
$ 208,00
periodic fees
no
20
10,98
interest rate, %
interest rate
10,98
one-time fees
$ 250,00
periodic fees
no
21
12,45
interest rate, %
interest rate
12,45
one-time fees
$ 150,00
periodic fees
$ 30,00, every 3 months
22
12,69
interest rate, %
interest rate
12,69
one-time fees
$ 150,00
periodic fees
$ 10,00, monthly
23
12,99
interest rate, %
interest rate
12,99
one-time fees
$ 150,00
periodic fees
$ 10,00, monthly
24
12,99
interest rate, %
interest rate
12,99
one-time fees
$ 250,00
periodic fees
$ 10,00, monthly
25
19,99
interest rate, %
interest rate
19,99
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.
Published: 22 August 2019
Author: Prostobank Consulting
Source: https://bankchart.com.au