29 September 2026 with no establishment fee^
Check out the comparison table below to find the personal loan that best suits your needs.
| For when | You want the certainty of a fixed repayment.
| You're buying or refinancing a new or used vehicle up to 7 years old.
| You're buying eligible green items.
| You're buying or refinancing an electric or hybrid vehicle.
|
| Interest rate range | 7.49% p.a. to 20.19% p.a. | 6.49% p.a to 13.19% p.a. | 6.49% p.a. to 19.44% p.a. | 6.09% p.a. to 12.44% p.a. |
| Comparison rate range | 7.49% p.a. to 20.19% p.a.2 | 6.63% p.a. to 13.34% p.a.1 | 6.49% p.a. to 19.44% p.a.2 | 6.23% p.a. to 12.59% p.a.1 |
| Loan amount | $5,000 to $75,000 | $5,000 to $100,000 | $5,000 to $75,000 | $5,000 to $100,000 |
| Loan term | 1-7 years | 1-7 years | 1-7 years | 1-7 years |
| Monthly account fee | $0 | $0 | $0 | $0 |
| Establishment fee | $0^ | $0^ | $0^ | $0^ |
| Early repayment fee | None | None | None | None |
| Security administration fee | $0 | $100 | $0 | $100 |
| Fee-free extra repayments | Yes | Yes | Yes | Yes |
Loan purpose
An important part of choosing a personal loan is being clear on what it’s for. While our Unsecured Fixed Personal Loan may be used for many purposes such as cars, home improvements or debt consolidation, other purchases may benefit from a different product.
For example, if you’re looking to buy a car less than seven years old, you’ll typically get a lower interest rate with a Secured Fixed Car Loan. Similarly, if your heart’s set on an electric or hybrid vehicle, a Green Car Loan might offer you a better deal.
Interest rates and comparison rates
The first thing people tend to look for in a personal loan is the interest rate. The lower the better, right? Not necessarily!
The interest rate alone doesn't factor in any additional fees and charges you might be expected to pay on top. For a more accurate idea of a loan's true cost, the comparison rate is the one to look for.
Also, it’s worth bearing in mind that our personal loan interest rates are calculated based on your personal circumstances and credit history.
This means that if you have a good history of repaying loans, credit cards, and other bills, you're more likely to be offered a lower rate.
Fees
Many lenders charge additional fees on personal loans. The most common of these to be aware of are establishment fees, security admin fees, monthly account fees, early payout costs, and charges for making additional repayments.
Features
While it’s tempting to focus exclusively on interest rates, a personal loan’s other features can make a big difference.
For example, flexible repayment options give you greater control, while fee-free extra repayments mean you can pay your loan off sooner without penalty.
And for peace of mind, a free redraw facility gives you access to your extra repayments in case you’re faced with unexpected expenses.
Personal loans - frequently asked questions
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 Personal Loans are available.
The rate you are offered is calculated on your personal circumstances and credit history. A few different factors are considered, including:
- Your credit score
- Information provided in your application
- Existing loans
- The loan amount and your perceived ability to repay the loan.
A comparison rate is the interest rate, plus any additional fees and charges you will be expected to pay over the loan term. As comparison rates indicate the true cost of a loan, they make it easier to decide which is best for you.
Every time you apply for a loan, a record is made on your credit report. Although this may result in a temporary dip to your credit score, it will recover as long as you stay on top of your current repayments and don’t make multiple loan applications in close succession. However, it’s important to note that simply finding out your personalised rate won’t have any impact on your credit score.
You’re entitled to a free copy of your credit report every three months from a Credit Rating Bureau (CRB). The CRB must provide the report within 10 days of your request
The two main Credit Rating Bureaus in Australia are:
- Equifax (previously known as Veda)
- Experian Australia Credit Services
There are a few things you can do to help improve your credit score:
- Make sure you pay all your existing debts, loans, and bills on time. This will help show that you can manage your finances and meet your financial commitments.
- Remember that each time you submit a loan application, it is recorded on your credit file and reduces your credit score. So, try not to submit too many unnecessary loan or credit applications.
- Make your credit card payments on time. Whether you’re paying off the full balance or just making your minimum repayment, doing so before the due date every month demonstrates that you are financially responsible and can help build your credit score.
You can check your credit file at any time too.
If you believe there is an error on your file, you should contact the relevant credit provider or reporting agency to have it corrected. If you’re unhappy with their response, you can speak to a financial counsellor by calling the National Debt Helpline on 1800 007 007.
Yes, we support joint personal loan applications.
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.
Guides and calculators
Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply.
Rates current as at 22 May 2026 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 examples are accurate for a personal loan amount of $30,000 secured loan over a term of 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 examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 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.
*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:
- Your credit score.
- Information provided in your application.
- Existing loans.
- The loan amount and your perceived ability to repay the loan.
Receiving your estimated personalised rate won’t impact your credit score. Your actual personalised rate will only be confirmed after you’ve submitted a full application and received an offer from us (if approved), and will result in a small, temporary dip to your credit score. The rate is subject to change before your loan settles.
^ The $225 establishment fee waiver is available for new or existing customers who submit a Great Southern Bank personal loan application between 30 April 2025 and
29 September 2026. Great Southern Bank may withdraw or amend this offer at any time without notice. Lending criteria, limits, conditions, and fees apply.
Your application ID is in the confirmation email we sent from loanapplication@gsb.com.au. For help, call us on 133 282.