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 10.00 %

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

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

6.49%

Fixed

6.88%

$587

based on $30,000 loan amount for 5 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

7.49%

Fixed

7.49%

$601

based on $30,000 loan amount for 5 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

6.99%

Fixed

7.62%

$594

based on $30,000 loan amount for 5 years

$175

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

7.99%

Fixed

7.99%

$608

based on $30,000 loan amount for 5 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

12.49%

Fixed

12.49%

$675

based on $30,000 loan amount for 5 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

12.99%

Variable

13.25%

$682

based on $30,000 loan amount for 5 years

$175

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

12.99%

Fixed

13.25%

$682

based on $30,000 loan amount for 5 years

$175

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
More details

13.99%

Variable

14.25%

$698

based on $30,000 loan amount for 5 years

$175

Redraw facility
Extra repayments
Fully drawn advance
Secured
Beyond Bank Australia
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 Beyond Bank

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.

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.

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 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.

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 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.

What are the pros and cons of debt consolidation?

In some instances, debt consolidation can help borrowers reduce their repayments or simplify them. For example, someone might take out a $7,000 personal loan at an interest rate of 8 per cent so they can repay an existing $4,000 personal loan at 10 per cent and a $3,000 credit card loan at 20 per cent.

However, debt consolidation can backfire if the borrower spends the extra money instead of using it to repay the new loan.

How can I improve my credit rating/score?

Your credit score will improve if you demonstrate that you’ve become more credit-worthy. You can do that by minimising loan applications, clearing up defaults and paying bills on time.

Another tip is to get the one free credit report you’re entitled to each year – that way, you’ll be able to identify and fix any errors.

If you want to fix an error, the first thing you should do is speak with the credit reporting body, which may take care of the problem or contact credit providers on your behalf.

The next step would be to contact your credit provider. If that doesn’t work, you can refer the matter to the credit provider’s independent dispute resolution scheme, which would be the Australian Financial Complaints Authority (AFCA).

AFCA provides consumers and small businesses with fair, free and independent dispute resolution for financial complaints.

If that doesn’t work, your final options are to contact the Privacy Commissioner and then the Office of the Information Commissioner.

Can I get a personal loan if I receive Centrelink payments?

It is hard, but not impossible, to qualify for a personal loan if you receive Centrelink payments.

Some lenders won’t lend money to people who are on welfare. However, other lenders will simply consider Centrelink payments as another factor to weigh up when they assess a person’s capacity to repay a loan. You should check with any prospective lender about their criteria before making a personal loan application.

Can I get guaranteed approval for a bad credit personal loan?

Few, if any, lenders would be willing to give guaranteed approval for a bad credit personal loan. Borrowers with bad credit histories can have more complicated financial circumstances than other borrowers, so lenders will want time to study your application. 

It’s all about risk. When someone applies for a personal loan, the lender evaluates how likely that borrower would be to repay the money. Lenders are more willing to give personal loans to borrowers with good credit than bad credit because there’s a higher likelihood that the personal loan will be repaid. 

So a borrower with good credit is more likely to have a loan approved and to be approved faster, while a borrower with bad credit is less likely to have a loan approved and, if they are approved, may be approved slower.

What causes bad credit ratings/scores?

Failing to repay loans and bills will damage your credit score. So will falling behind on your repayments. Your credit score will also suffer if you apply for credit too often or have credit applications rejected.