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Why choose an Unsecured Fixed Personal Loan

Whatever your goals we can help you get there with a competitive fixed rate personal loan. You’ll know exactly how much your repayments will be each month so you can manage your budget with confidence.

At Great Southern Bank, we have handy tools and features to help you pay your loan off sooner. On the flipside, you can redraw your additional payments easily if you ever need it.

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.
Access to funds with easy redraw
If unexpected costs arise, we’ve got your back. You can easily access your additional repayments any time for free! 4
Same day decision and funds6
It may be possible to have your loan approved and funded on the same day! See how it works.

Calculate your borrowing capacity

Rates and fees

Getting ahead on your finances shouldn’t cost you money. That’s why we don’t charge you for making extra repayments, paying your loan off early or unnecessary monthly fees.

Interest Rate

Comparison rate2


Monthly fee
Early payout fee
Establishment fee
Total fees
Not sure if this is the right loan for you?

We can help you pick the right one to suit your needs.

Start your application today
1. Apply online

It should take around 10 minutes. Simply check if you qualify and begin the application process.

2. Approvals

If approved, you will receive your loan contract to accept online. Your loan could be funded on the day you apply. See how it works.

3. Access your money

Your loan is paid into your Great Southern Bank Account.5 You can also view repayment details online and on our mobile banking app.

Get in touch
We're here to help.
Call 133 282

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

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.

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 should there be a decrease 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

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 make additional repayments?

Yes, you can make additional repayments on your loan without attracting a fee.

Can I change my repayment frequency to weekly or fortnightly instead of monthly?

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.

Can I top up my loan?

Yes. Customers can apply for additional funds on their existing Unsecured Personal Loan by refinancing their current loan into a new loan. We don’t charge early payout fees for this facility.

How does same day decision and funding work?

It may be possible to have your loan approved and funded on same day! To be eligible, 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 maybe 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.

Learn more about personal loans

Handy tips to help you find the loan that's right for you

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.

Read more

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.

Read more

Secured versus unsecured personal loan

What's the difference between a secured and unsecured personal loan and what should you consider when choosing between the two?

Read more
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 11 August 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. $3,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.

4. 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.

5. You will need to hold a Great Southern Bank everyday account when the loan is funded.

To view the Target Market Determination for this product, please click here.