Important disclosure

Arab Bank Australia Ltd

Secured Personal Loan

Real Time Rating™

  • 1 to 5 years
  • Secured
  • Variable Rate
Interest Rate

16.90%

p.a

Comparison Rate*

17.86%

p.a

Real Time Rating™
Tags
  • 1 to 5 years
  • Secured
  • Variable Rate
Interest Rate

16.90%

p.a

Comparison Rate*

17.86%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$1,068

based on $30,000 loan amount for 3 years at 16.90%

Pros and cons

For Secured Personal Loan

Benefits

  • Flexible repayment options
  • Can apply in branch

Drawbacks

  • Service fee charged
  • Higher than average application fee
  • Cannot apply online

Arab Bank Australia Rate Personal loan overview

For Secured Personal Loan

Details

Total repayments

Interest rate type

Variable

Borrowing range

$5k - $50k

Security type

Secured

Loan term

1 to 5 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit Arab Bank Australia Ltd to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$200

Ongoing Fee

$8 Monthly

Missed Payment Penalty

$0

Early Exit Penalty Fee

$250 during first 5 years

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

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Low Rate Personal Loan Secured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

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Personal Loan (Excellent Credit)

  • Via broker
  • 1 to 7 years
  • Secured
  • Fixed Rate
Interest Rate

7.49%

p.a

up to 13.95%

Comparison Rate*

From

8.33%

p.a

up to 17.58%

Promoted

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Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

Real Time Rating™
  • 3 to 5 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

5.76%

p.a

up to 24.03%

Comparison Rate*

From

6.55%

p.a

up to 24.99%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.