Geelong Bank Personal Loan
- Interest Rate (p.a.)
- 9.95%
- Comp. Rate (p.a.)
- 10.27%
- Min Loan Amount
- $1,000
Summary
Borrow upwards of $1,000 with terms up to 7 years. Costs include interest charges and establishment fees.
With Geelong Bank, you can borrow from $1,000 with either a secured or unsecured personal loan. You can also make additional repayments without penalty and you can redraw these repayments at no extra charge. Maximum term is 7 years, and repayment frequency can be weekly, fortnightly or monthly. The interest rate starts from 9.95% p.a., and an establishment fee of $220 applies.
Details
Product details
| Product Name | Geelong Bank Personal Loan |
| Interest Rate (p.a.) | 9.95% |
| Comp. Rate (p.a.) | 10.27% |
| Interest Rate Type | Variable |
| Min Loan Amount | $1,000 |
| Max. Loan Amount | $80,000 |
| Loan Security | Secured or Unsecured |
Main points to consider
You can borrow from $1,000 with a maximum loan amount that will vary based on your financial situation. You have the choice of either a secured or an unsecured loan.
You can get a loan term of up to 7 years and you'll receive an interest rate from 9.95% p.a. with a comparison rate of 10.27% p.a.
Features and benefits of a Geelong Bank Personal Loan
- Free redraw facility. You can redraw on your additional repayments without charge.
- Flexible repayments. You can make payments on a weekly, fortnightly or monthly basis, and can also make additional repayments without penalty.
- Loan repayment insurance. Geelong Bank offers insurance in the event that you do not make your repayments.
- Variable loan amount. You can borrow from $1,000 with your maximum loan amount determined by your financial situation.
Fees and charges
- Application fee. You will pay an initial fee of $220.
- Security fees. You may need to pay a $25 security administration fee, as well as a $15 security variation fee.
You will also need to pay a portability fee if applicable, but you will not pay any fees for redraws or additional repayments.
How to apply for a Geelong Bank Personal Loan
You can begin your application by clicking "Go to site" above and following Geelong Bank's instructions. In order to be eligible for a loan, you will need to meet the following criteria:
- Be at least 18 years old
- Be an Australian citizen or permanent resident
You will also need to provide further personal and financial information as part of your application.
The Geelong Bank Personal Loan gives you a lot of flexible repayment options, including the ability to make additional repayments and redraw on these payments without penalty.
Before you apply, you should always compare a number of loan products to help find the one that is right for you.
Compare other personal loans
Compare alternatives
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these ):
Compare other products from Geelong Bank
Your reviews
Thomas Finder
Publisher
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.