Debt Consolidation

Great Southern Bank

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Personal Loan

Loans Benefits Why us

Compare personal loans

Unsecured Fixed Personal Loan

If you like stability

Same day funds ¹

Interest rate

9.39

p.a.

Comparison rate ³

9.64

p.a.

Features

Loans from $5,000 to $50,000⁵

$0 Monthly fees

$0 Early payout costs

Unlimited fee free extra repayments

Used for:

Apply online Find out more

Unsecured Variable Personal Loan

If you like flexibility

Same day funds ¹

Interest rate

11.89

p.a.

Comparison rate ³

12.15

p.a.

Features

Loans from $5,000 to $60,000⁶

$0 Monthly fees

$0 Early payout costs

Unlimited fee free extra repayments

Used for:

Apply online Find out more

Consolidate Debit with a Personal Loan.

Managing multiple debt payments can be tough. At Great Southern Bank we can help you take control.

Consolidating your debts under one We can help you take control with a personal loan for debt consolidation. gives you one clear repayment schedule and with a competitive interest rate you may come out ahead and pay your debts off sooner.

Features & benefits

$0 Monthly fees

Enjoy having a little extra money in your pocket.

Unlimited extra repayments

Make extra repayments without any fee, and pay your loan off sooner.

Flexible repayment options

Choose to make either monthly, fortnightly or weekly repayments to suit your income and budget.

No penalties for early payout

Pay off your loan sooner without being charged a fee.

Easy access to funds with redraw

Enjoy access to your additional repayments with redraw, so you can use it whenever unexpected costs arise. ⁷

¹ Same day decision & funding: How it works

It may be possible to have your loan approved and funded on the same day! To be eligible you must submit your application online before 11am AEST Monday to Friday (excluding public holidays), provide all required information and documents upfront, and accept the loan contract by 2pm. Payment of funds same day is unavailable if your application is referred for more detailed assessment. Subject to system availability. Time to receive funds may be affected by your bank’s clearance times. Lending criteria applies.

Why we're different

We like to do things a little differently. Here are a few things you can expect from us:

Intuitive tools to help you save smarter, not harder
Flexible loan options to help you pay it off sooner
We've been putting customers first for over 75 years

Find out more

I love the fact I can directly debit and credit my savings account while ensuring maximum interest.

Imran, NSW

Great Southern Bank customer

Get in touch

We are here to help.

Call 133 282

Mon - Fri: 8:00am - 8:00pm (AEDT)
Sat: 8:00am - 4:00pm (AEDT)

Find a branch

Speak to one of our friendly staff at a branch near you.

Connect online

Chat to us or browse help topics and FAQs.

Tips for debt consolidation

Handy tips to consolidate your debts for greater financial freedom

Applying for a personal loan – what’s the process?

Do you need some money for personal reasons? A trip? Some renovations at home? How do you go about getting a personal loan? We can help.

How consolidating your debt can be a good move for your finances.

Learn how consolidating your debt can be a big help to you and your finances in lots of different ways.

How do I consolidate my debt?

Are you wondering how to consolidate your debt? Find out how the process works with our step-by-step guide to consolidating your debt.

How to achieve financial wellbeing

Learn about how to achieve financial wellbeing. Being in full control of your money & make plans for the future. Read these smart tips

Important Information

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 18 November 2021 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.

3. 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.

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

6. $1,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $60,000 maximum loan amount available online. Available loan term is 1 to 7 years.

7. 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.