Diamond Fair Rate Personal Loan Varibale P&I
Our Fair Rate Personal Loan can help to fund or partially fund holidays and travel, renovations, wedding plans and debt consolidation. The rate is guided by your credit worthiness and borrowing histor
Category: Personal Loans Last Updated April 10, 2025 Effective April 14, 2025
General Lending Rates
Rates listed below are for a VARIABLE P&I product. Additional Information The rate on our Fair Rate Personal Loan is guided by your credit worthiness - so you may be rewarded with a better rate based on your borrowing history. The comparison rate is based on unsecured $30,000 loan over 5 years. It refers to the examples given and may not include all fees and charges. Different tiers, fees or other loan amounts might result in a different comparison rate.
Interest Rate
7.99% PA
7.99% PA
Comparison Rate
8.20%PA*
8.20%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
- Redraw Additional Information: Free access to your cash with our redraw facility (minimum $100 redraw amount)
- Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID
- Npp Enabled
- Other Additional Information: 1 to 7 years
- Other Additional Information: Flexible repayment options weekly, fortnightly or monthly
- Other Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
- Digital Banking Additional Information: 24/7 access via internet banking and mobile app
- Other Additional Information: Increase your existing loan for an effective way to get access to extra funds
- Other Additional Information: The interest rate on your loan is guided by your creditworthiness, potentially rewarding you with a better rate based on your borrowing history
Product Eligibility
- Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
- Employment Status - Employed.
- Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply
- Other Additional Information: Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.
Bank Fees and Charges
- Loan Establishment Fee - Personal Loan (new) (Upfront), Amount: 150.00. Additional Information: A fee charged to set up a new personal loan
- Loan Establishment Fee - Personal Loan (top Up) (Upfront), Amount: 100.00. Additional Information: A fee charged to vary the value of an existing personal loan
- Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount
- Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice
- Paper Statement Fee (Periodic), Amount: 2.00. Additional Information: A fee charged to cover the cost of producing and sending paper statements
Limitations & Restrictions (Constraints)
- Min Balance of 1000.00
- Max Balance of 90000.00
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