Education

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 rate³

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 rate³

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

Personal loans for education

Our personal loan can help you further your education and your career. Whether it’s for an MBA, Master’s, short course, tuition fees, training expenses, or study fees not covered by government HECS-HELP loans or assistance.

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

Very easy to apply. Easy to transfer extra payments via online banking.

Michael, NSW

Great Southern Bank customer

Get in touch

We're 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.

Financial tips for students

Learn how to manage your finances while furthering your career.

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.

What’s the difference between the interest rate and comparison rate?

Knowing the difference between the interest rate and comparison rate on a loan means making a fully informed decision is that bit easier.

How Quickly Could You Pay Off Your Master’s?

Financially, is a Master's degree worth it? What will your earning potential be compared to the costs? How can you pay it off faster?

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.