Personal Loans: an affordable way to get those things you need
A loan for whatever you need
A Personal Loan can be used for any personal reason, large or small - such as a new car, home renovations, or a special family occasion. We offer competitive interest rates and we may even be able to combine all your existing debts into one easy-to-manage Debt Consolidation Loan.
Talk to us about what type of loan suits you
We offer two types of loans - Secured and Unsecured.
Secured loans
If you can offer an asset as security, you'll get a better rate of interest. The types of security you can use are:
- Vehicles including recreational boats (up to 12 years of age).
- Government Superannuation Fund contributions.
- A Life Insurance policy.
- Any Term Deposit account you hold at The Co-operative Bank.
Unsecured loans up to $15,000
If you need a loan but don't have any suitable security, we may still be able to help. We offer various types of unsecured loans, and we'll tailor the loan to meet your needs.
Apply for a Personal Loan Online
If you can't find the time to go into a branch or if you don't live near a branch, then applying for a loan online is the easy solution for you, at your own convenience any time of the day.
Flexible repayment options
You can take up to five years to repay the loan and you can make repayments weekly, fortnightly or monthly - we can even match your repayments to your payday. Repayment terms are based on the amount you want to borrow and the term of the loan you choose.
No fees for early repayment
You'll also have the flexibility to make a lump sum or early repayment without having to pay early repayment costs.
Decisions made fast
We'll work fast to give you an answer - if you have all of the required information at the time of applying we can usually make a decision by the next business day.
Get insured and save money
When you take out at least two eligible insurance products you'll qualify for a discounted interest rate on your Personal Loan. Ask us about which insurance products are right for you.
Apply for a Personal Loan today
To apply for a Personal Loan, drop into your local branch, apply online, or contact us today on 0800 554 554.
To get started now, download a copy of the application for credit - $3,000 and under form (PDF 67KB) or the application for credit - over $3,000 form (PDF 79KB). You'll need Adobe Acrobat Reader. If you don't have it, don't worry - it's free. Just visit the Adobe site to download a copy.
Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.