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Personal Loan Rates

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Loan interest is calculated daily by multiplying the unpaid balance of the account at the end of the day by the daily percentage rate. The daily percentage rate is the Annual Percentage Rate divided by 365. Interest is charged monthly and on the day you pay the balance of the loan. All rates quoted apply to new borrowings and are Annual Percentage Rates. For rates on existing loans or products no longer available for sale, refer to your loan statement or contact SERVICE ONE. Terms and conditions apply and fees and charges are payable. Lending criteria apply. Full details available on application. Rates are subject to change without notice.

SERVICE ONE Alliance Bank personal loan, card and overdraft rates effective 31 March 2020.


 

Fixed Rate Personal Loan (Secured)  
Fixed Rate 7.79% pa
Comparison Rate 8.51% pa1
Fixed Rate Personal loan (Unsecured)  
Fixed Rate 12.79% pa
Comparison Rate 14.89% pa1
Student Personal Loan (Secured)  
Fixed Rate 6.79% pa
Comparison Rate 6.95% pa1
Student Personal loan (Unsecured)  
Fixed Rate 9.99% pa
Comparison Rate 9.99% pa1
Fixed Rate Green Personal Loan (Secured)  
Variable Rate 4.99% pa
Comparison Rate 5.35% pa2
Variable Rate Green Personal Loan (Unsecured)  
Variable Rate 6.99% pa
Comparison Rate 8.01% pa2
  Personal loans (no longer for sale)
  Variable Rate
Variable Rate Car Loan (Secured) (withdrawn 25 September 2015) 11.40% pa
Variable Rate Personal Loan (Secured) (withdrawn 25 September 2015) 12.50% pa
Variable Rate Personal Loan (Unsecured) (withdrawn 25 September 2015) 15.00% pa
Variable Rate Student Personal Loan (Unsecured) (withdrawn 25 September 2015) 14.00% pa
Personal Loans (interest rates depend on amount borrowed, credit history and credit worthiness) (withdrawn 30 June 2011) 14.00% pa
14.50% pa
15.95% pa

 

Cards Interest Rate Comparison Rate
Visa Credit Card 12.24% pa N/A
Visa card with overdraft/credit facility 15.25% pa N/A
Visa card with overdraft/credit facility secured by an Owner Occupied home loan (effective 1 April 2020) 4.15% pa N/A
Visa card with overdraft/credit facility secured by an Investment home loan (effective 1 April 2020) 4.28% pa N/A
Student Visa card with overdraft/credit facility 15.00% pa N/A

 

Overdraft Interest Rate Comparison Rate
Personal line-of-credit (overdraft) 16.50% pa N/A

 


  Related information:

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

1 Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years based on monthly repayments.

2 Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments.