The Personal Loan, rejigged.

Personalised rates from 5.45%

(comparison rate 5.45%*)

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Why choose an Alex Personal Loan?

Borrow $2,100 to $30,000

6 months to 5 years

Personalised rates

No monthly fees

No Fees to pay off your loan early

Extra repayments welcome & free

We’re waiving the $295 establishment fee on all personal loans^

For a limited time only.

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^Alex’s standard establishment fee of $295 will be waived for all applications fully submitted between 26 February 2021 and 11 August 2021. This offer is not transferable and subject to our assessment and suitability.

Calculate your 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

The Application Process


Work out your repayments

Get an idea with our calculator.

Apply in minutes online

Our process is easy with our 5 minute application. In our process we'll ask you to take a self-video for online security as well as send us 90 days of banking transactions to assist with your assessment.

We’ll then assess your application

If things look good, we’ll review and contact you if we need.

Receive approval via email contract

If you’re approved, we’ll email your contract to sign. We can then have funds to you within one business day.

What you need to apply

To be a permanent resident of Australia
To have your Passport or Driver’s Licence handy
To be at least 18 years old
Access your bank statements through our secure online portal

A Personal Loan with Alex has no nasty surprises..

No ongoing fees

Literally none of those recurring, hidden nasties. We only charge a small fee 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 do personalised rates work?

Alex offers interest rates for personal loans based on a range of factors regarding your financial situation.

We look at over 100 types of data to ensure we can give you the best deal possible whilst being a responsible lender.

Example types of information that influence your personalised rate:

Your lending history
Current loan / credit card information
Your credit score
Your income versus the estimated loan repayments

How we compare

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

Interest RateFrom 5.45% p.a.
Comparison 5.45% p.a.*
From 9.00% p.a.
Comparison 9.90% p.a.
From 6.99% p.a.
Comparison 7.91% p.a.
9.99% p.a.
Comparison 11.16% p.a.
8.99% p.a.
Comparison 9.88% p.a.
Establishment fee$0^$150$150$250$150
No ongoing feesyes$10/month$10/month$12/month$10/month
No early payout penalty feeyesyesyesyesyes
No extra repayment feeyesyesyesyesyes
100% online applicationyesyesyesyesyes
Source: Relevant competitor or comparison website as at 14 June 2021.
*Comparison rate based on $30,000 unsecured loan amount and 5 year loan term. 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. Terms, conditions, fees and charges apply.
^Alex’s standard establishment fee of $295 will be waived for all applications fully submitted between 26 February 2021 and 11 August 2021. This offer is not transferable and subject to our assessment and suitability.

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.

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

Learn more