Members Equity Personal Loan

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One of the cheapest personal loans in Australia ^

Whether you're borrowing for practical reasons or pure indulgence, a low cost Personal Loan is the smart way to finance a major purchase. It simply minimises costs so that every dollar you pay goes straight towards reducing your loan.

  • Gold winner for Money magazine's Best of the Best Awards 2009, Cheapest Personal Loan^
  • Genuinely low fixed interest rate for all 5 loan terms offered
  • No annual fee
  • No fees for making extra repayments
  • No penalties for paying out your loan early
  • No ongoing account keeping fees
  • Select the term best suited to your needs and budget -1,2,3,4 or 5 year
  • Loans available for amounts of $5,000 up to $30,000
  • Quick and easy application process online

For when you really, truly, absolutely have to have it!

No matter if you need a new car, want to make some home improvements, take a dream holiday, invest in shares or consolidate your debts, a low cost Members Equity Bank Personal Loan can help make those dreams come true. All you need to do is ask.

Our Personal Loans are available for all kinds of purposes including:

  • Cars, motor cycles or scooters
  • Furniture or appliances
  • Education expenses (excluding HECS debts)
  • Wedding expenses
  • Boats, caravans or trailers
  • Investments such as shares
  • Travel
  • Debt consolidation

With a personal loan you can choose the period of time in which to pay off your loan with a low interest rate that's fixed for the entire loan period. So you can plan ahead, knowing exactly how much you need to pay and for how long.

What's more, with the personal loan there are no ongoing account keeping fees, so every dollar you pay goes straight to reducing your loan. Should you wish to repay your loan off early there are no penalties - at Members Equity Bank we truly believe in offering our customers value for money.

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^ Money magazine's Best of the Best Awards 2009, Gold Winner, Cheapest Personal Loan.

Fees and charges apply. Terms and conditions are available on request. Applications are subject to credit approval.



Rates, Fees & ChargesAdditional Forms (PDF)