A Personal Loan
with Alex

Our no-fuss, no early repayment fee
Personal Loans start at 6.95%

(comparison rate 7.37%*)

Apply now

Meet Alex

We’re building a bank& with no fuss, no catch products. Just better value.

Borrow
$2,100 - $30,000

6 months
to 5 years

No ongoing
fees

No early
repayment penalties

Calculate your loan repayments

Find out how much you would pay back by adjusting the loan amount and loan term below.

Alex Personal Loan Calculator 2.0.0

What you need to apply

To be a permanent resident in Australia

To be at least 18 years old

To have your Passport or Driver’s License handy

Access your bank statements through our secure online portal

A Personal Loan with Alex has...

No ongoing fees

Literally none of those recurring, hidden nasties. We only charge a once-off loan establishment fee, and a small charge if you miss a payment.

No manual paperwork

100% online everything.
Live credit and ID checks.
We're not fans of paper.

No early repayment fees

We won't punish you for trying to get ahead. Make extra repayments. Pay out your balance early.

The power is yours.

No worries

All of our systems are secured with 256bit SSL bank-grade encryption.

And we won't leave you hanging - we'll give you a decision as soon as we can.

Apply now

How we compare

We have one of the lowest rates in the market. See how our Personal Loans compare.

CBANABWestpacANZ
Interest RateFrom 6.95% p.a.
Comparison from 7.37% p.a.
From 11.5% p.a.
Comparison 12.38% p.a.
From 9.99% p.a.
Comparison 10.66% p.a.
From 11.99% p.a.
Comparison 13.15% p.a.
From 12.45% p.a.
Comparison 13.32% p.a.
No ongoing fees$10/month$10/month$10/month$10/month
No early payout penalty fee
No extra repayment fee
100% online application

*Comparison rate based on $30,000 loan amount and 5 year loan term. Source: Relevant competitor or comparison website as at 23 June 2020.
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 costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

What is a comparison rate?

A comparison rate is a tool to help customers identify the true cost of a loan. It is calculated using a standard formula. It is a rate which includes the interest rate and certain fees and charges relating to a loan. EXAMPLE: An unsecured personal loan of $15,000 borrowed for 3 years with a minimum interest rate of 9.99% pa (11.36% pa comparison rate) would equate to a total amount payable of $17,422 (including a $295 establishment fee).

What is not included in the comparison rate?

The comparison rate does not include government charges, fees and charges associated with loan options or events that may or may not be used by the borrower or which are not available at the time the comparison rate is provided, all of which may influence the cost of a loan.

The simple loan

Our personal loans are as good as they sound –
simple, straightforward, and better value

About Personal Loans

We’re on a mission

To make money matters simple. To cut out confusion, get rid of buzzwords, and just talk to you like a human

More about Alex

A better way to save is coming

Better rate. No sneaky conditions. No ongoing fees

Be one of the first to try the new Savings Account with Alex.

Join the waitlist