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Find a personal loan for your personal needs
You can use the table below to easily compare personal loans and find the one that fits you best.

We’ve also included any relevant fees and charges. Spoiler alert ahead, there is no monthly fee or any early payout charges.
Unsecured Fixed Personal Loan
Unsecured Variable Personal Loan
Secured Fixed Car Loan
Debt consolidation
Higher education
Medical expenses
Dental work
Engagement rings
  • Whitegoods
  • Furniture
  • Home repairs
  • Kitchens
  • Solar panels
  • Renovations
New and used vehicles up to 7 years old:
  • Cars
  • Electric cars
  • Motorbikes
New and used vehicles of any age;
You may like this loan if: You want the certainty of a fixed repayment. You want a flexible interest rate. You're buying or refinancing a car or motorbike up to 7 years old.
Interest rate 9.39% p.a. 11.89% p.a. 6.79% p.a.
Comparison Rate 9.64%2 p.a. 12.15%2 p.a. 7.16%1 p.a.
Loan amount $5,000 to $65,0004 $5,000 to $75,0005 $5,000 to $100,0004
Loan term 1-7 years 1-7 years 1-7 years
Establishment fee $175 $175 $175
Security administration fee $0 $0 $90
Monthly account Fee $0 $0 $0
Early payout cost $0 $0 $0
Fee-free extra repayments Yes Yes Yes
What to look for when comparing personal loans?
Comparing personal loans is easy when you know what to look for.

Loan purpose

What do you need a loan for? Your answer could help you when comparing personal loans.

If you’re still deciding, we’ve got a handy tool that can help you choose the right loan. Simply answer a few questions about your loan purpose and we’ll show you some possible options.

Interest Rates

A low competitive rate is often at the top of our customer’s wish list; and if you’re looking for the lowest number, our top tip is to compare loans using the comparison rate.

The comparison rate includes any additional fees and charges and reflects the true cost of the loan. You’ll find the comparison rate listed next to the interest rate.

You’ll also get the choice between a fixed-rate loan or a variable rate loan. You can learn more about the difference between fixed and variable interest rates here.


When comparing personal loans, features are the icing on the cake. Features are often overshadowed by interest rates but the best ones can help you pay off your personal loan sooner.

Keep an eye out for loans that offer free extra repayments and flexible repayment options. You’ll have more control over your loan and can pay it off your way.

A free redraw facility is another good-to-know feature which allows you to access your extra repayments. If unexpected expenses arise, you won’t be caught short!3


It’s time to check the fine print for fees. Most personal loans have an establishment fee, but don’t forget to double-check for extra fees such as a monthly account keeping fee to have your loan. Or fees and charges if you choose to pay your loan out early.

These sneaky fees may seem small, but they could cost you more over the life of your loan and even cancel out a low interest rate.

Fun fact: Great Southern Bank Personal Loans have no monthly fee or charges for early payout, so you can enjoy having a little extra money in your pocket.


Personal loans explained

What's the difference between a fixed rate and variable rate personal loan?

An unsecured fixed personal loan charges a fixed interest rate for the entire life of the loan. This means you’ll enjoy the certainty of always knowing how much your repayments will be. However, you won’t be able to take advantage of decreases in the lending interest rates.

An unsecured variable personal loan charges an interest rate that is subject to change. This means you could enjoy a lower rate, should the lending rates change. However, you could incur a higher interest rate if the lending rates increase.

Secured loan vs unsecured loan, what’s the difference?

A secured loan is 'secured' against the asset you are borrowing for such as a car, or home. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan. Most secured personal loans have a lower interest rate when compared to an unsecured personal loan because there is an asset attached.

An unsecured personal loan is a loan that does not require an asset as security. Your income and ability to repay the loan is still assessed, however you don't need an asset to secure the loan.

If you’re buying a car or motorbike under seven years old, a Great Southern Bank Secured Fixed Car Loan may be right for you.

For vehicles older than seven years, unsecured fixed and unsecured variable personal loans are available.

Will my credit score be affected when taking out a personal loan?

There are several different factors that can affect your credit score. Making several personal loan or credit applications in a short space of time may have a negative impact on your credit score as this could be viewed as a sign of financial difficulty. When shopping around for a personal loan it’s recommended to compare and decide before you apply.

What is a comparison rate?

A comparison rate encompasses the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.

Can we apply for a joint personal loan?

Yes, we do support joint personal loan applications. The same process applies.

Can I change my repayment frequency?

Yes. Weekly or fortnightly repayments can be changed to monthly. However, monthly repayments cannot be changed. In this case, you can easily set up Periodical Payments on a weekly or fortnightly basis to meet your monthly repayment.

Important Information

Loans are issued by Great Southern Bank Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.

Rates current as at 29 July 2022 and subject to change.

Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.

1 Comparison rate accurate for $30,000 secured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

2 Comparison rate accurate for $30,000 unsecured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

3 A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.

4 $3,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.

5 $3,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $75,000 maximum loan amount available online. Available loan term is 1 to 7 years.