Beyond Bank personal loan repayment calculator

Thinking about taking out a personal loan with Beyond Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Beyond Bank personal loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 5.99 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Repayment flexibility
  • No-fee option
  • Rate discounts for ‘green’ purposes
  • Charges an application fee
  • Ongoing account-keeping fees
  • Moderate to moderately high interest rates

Beyond Bank personal loans rates

Advertised Rate

5.99%

p.a Fixed

Comparison Rate*

6.68%

p.a Fixed

Repayment

$580

based on $30,000 loan amount for 5 years at 6.68%

Upfront Fee

$0

Features
Redraw facility
Extra repayments
Fully drawn advance
Secured
Go to site
Total Repayments icon

Total repayments for a 5-year, $30,000 loan at 6.68% would be $34,791*. Terms from - years

More details
Advertised Rate

6.99%

p.a Fixed

Comparison Rate*

6.99%

p.a Fixed

Repayment

$594

based on $30,000 loan amount for 5 years at 6.99%

Upfront Fee

$0

Features
Redraw facility
Extra repayments
Fully drawn advance
Secured
Go to site
Total Repayments icon

Total repayments for a 5-year, $30,000 loan at 6.99% would be $35,634*. Terms from - years

More details
Advertised Rate

6.49%

p.a Fixed

Comparison Rate*

7.18%

p.a Fixed

Repayment

$587

based on $30,000 loan amount for 5 years at 7.18%

Upfront Fee

$175

Features
Redraw facility
Extra repayments
Fully drawn advance
Secured
Go to site
Total Repayments icon

Total repayments for a 5-year, $30,000 loan at 7.18% would be $35,211*. Terms from - years

More details
Advertised Rate

7.49%

p.a Fixed

Comparison Rate*

7.49%

p.a Fixed

Repayment

$601

based on $30,000 loan amount for 5 years at 7.49%

Upfront Fee

$0

Features
Redraw facility
Extra repayments
Fully drawn advance
Secured
Go to site
Total Repayments icon

Total repayments for a 5-year, $30,000 loan at 7.49% would be $36,060*. Terms from - years

More details
Advertised Rate

11.99%

p.a Fixed

Comparison Rate*

12.25%

p.a Fixed up to 12.25%

Repayment

$667

based on $30,000 loan amount for 5 years at 12.25%

Upfront Fee

$0

Features
Redraw facility
Extra repayments
Fully drawn advance
Secured
Go to site
Total Repayments icon

Total repayments for a 5-year, $30,000 loan at 12.25% would be $40,031*. Terms from - years

More details

Features of a Beyond Bank personal loan

Beyond Bank offers a range of personal loans including no-fee loans, low-rate loans and line-of-credit loans. Customers can choose between variable and fixed interest rates. Beyond Bank offers secured and unsecured loans, with terms of up to seven years.

Typically, Beyond Bank charges an establishment fee, security documentation fee and a monthly account-keeping fee. However, customers do have a fee-free option for loans over $10,000.

Beyond Bank personal loans offer redraw facilities and repayment flexibility, and additional repayments are allowed.

Beyond Bank personal loans - customer service

Beyond Bank can be contacted through several channels including phone, live chat, email and secure message.

Live chat and call centre services are available during business hours. Beyond Bank offers a designated 24-hour phone service for lost or stolen cards.

Who is eligible for a Beyond Bank personal loan?

  • Must be at least 18 years old
  • Must be a permanent Australian resident or citizen

How to apply for a Beyond Bank personal loan?

  • Open the Beyond Bank online application by clicking ‘Get Started’
  • Complete the online loan application
  • Submit documentation

Beyond Bank personal loans review

Beyond Bank offers secured and unsecured personal loans, with both fixed and variable personal loan interest rates.

When you compare personal loan rates, Beyond Bank tends to be in the middle of the spectrum. While Beyond Bank may not offer the best personal loan rates on the market, they are also not the highest. Beyond Bank personal loan rates range from moderate to moderately high. Beyond Bank’s current personal loan interest rates may be discounted depending on certain conditions. Interest rate discounts are available for ‘environmentally friendly’ purposes as well as for Pinnacle Plus and life members.

As a customer-owned personal loan lender, Beyond Bank uses its profits to lower its rates and fees. Beyond Bank fees vary from product to product. Some loans charge establishment fees, monthly fees and security documentation fees, while others are fee-free.

Learn more about personal loans

Where can I get a personal loan?

The Australian personal loans market contains dozens of lenders offering several hundred different products. Personal loans are available through a range of institutions, including:

There are three main ways to access personal loans. You can go through a comparison website, such as RateCity. You can use a finance broker. Or you can directly contact the lender.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

What are the Westpac personal loan eligibility criteria?

The process to apply for a personal loan from Westpac is simple and can be done online. To be eligible for a Westpac Bank personal loan, you must meet the eligibility criteria. These include:

  • You should be over 18 years old
  • You must be a permanent resident or hold a valid visa with confirmed employment in Australia
  • You should earn a regular and permanent income of at least $35,000 before taxes

If you feel you meet these eligibility criteria, you can apply for a personal loan with Westpac. With your application form, you’ll also have to submit the following documents:

  • Personal details including name, contact information, and residential address 
  • Proof of identity such as drivers licence or passport details
  • If you’re self-employed, you’ll need a list of assets, savings, investments, and liabilities as well as your most recent tax return information
  • If you’re an employee you’ll need to submit information related to your employment and finances like bank statements and payslips

Westpac Australia personal loans are available for amounts from $4,000 up to $50,000 and loan terms of up to seven years.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

What interest rates are charged for personal loans?

Lenders aren’t allowed to charge interest on loans of $2,000 and under. Instead, they make their money by charging a one-off establishment fee of up to 20 per cent and a monthly account-keeping fee of up to four per cent. Lenders might also ask you to pay a government fee.

For loans between $2,001 and $5,000, lenders can make their money in only two ways: a one-off fee of $400 and annual interest rates of up to 48 per cent.

For loans of $5,001 and above, or for loans that have terms longer than two years, lenders can charge annual interest rates of up to 48 per cent.

Those fee caps don’t apply to loans offered by authorised deposit-taking institutions such as banks, building societies or credit unions, although such institutions are highly unlikely to charge interest rates of anywhere near 48 per cent.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

What do single mothers need to apply for a personal loan?

Like other personal loan applicants, single mothers will likely need to provide a few documents to any potential lender, such as personal identification, bank statements (savings, loans, credit cards), proof of address, and proof of income (payslips, tax returns).