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Putting customers first for 75 years
Get clever with your finances
Multi award-winning products

Your loan, your way

$0 Monthly fees
Enjoy having a little extra money in your pocket.
Unlimited extra repayments
Pay your loan off sooner with fee-free extra repayments. You’ll love the freedom to make one-off repayments whenever you like with no penalty!
A personalised rate*
Tailored to your credit score.
Car refinancing
Looking for a better deal on your current loan? Easily apply for car refinance online.
Hit the road with the loan that suits you best
Secured Fixed Car Loan
Loans from $5,000 to $100,000
Interest rate from
6.49
%
p.a.
to
15.04
%
p.a.
Comparison rate from1
6.86
%
p.a.
to
15.44
%
p.a.
Used for
Vehicles up to 7 years old
Unsecured Fixed Personal Loan
Loans from $5,000 to $75,000
Interest rate from
7.49
%
p.a.
to
19.99
%
p.a.
Comparison rate from2
7.74
%
p.a.
to
20.27
%
p.a.
Used for
GREEN LOAN
Green Car Loan
Loans from $5,000 to $100,000
Interest rate from
5.99
%
p.a.
to
14.29
%
p.a.
Comparison rate from1
6.36
%
p.a.
to
14.69
%
p.a.
Used for
Green cars up to 7 years old
ABOUT US

Why choose Great Southern Bank?

For one thing, we're customer-owned. That means no shareholders, so all our profits go into creating new and clever ways to help you manage your money.

It also means we're able to focus squarely on our mission to empower ordinary Australians to reach their financial goals, whatever they may be.

We believe being owned by the people you help is a more transparent way of doing things and how all banks should work.

FEATURES
More reasons to choose us
Easy access to funds with redraw

Enjoy access to your additional repayments with redraw, so you can use it whenever unexpected costs arise.5

No penalties for early payout

Pay off your loan sooner without being charged a fee.

Apply online
Ready to apply? You can apply online today
The process
1. Check your eligibility
There are a few eligibility requirements you should be aware of before applying for a Great Southern Bank Personal Loan.
2. Apply online
It should take 10 minutes. You will need proof of ID and all current financial information.
3. Approvals
If approved, you will receive your loan contract to accept online.
4. Access your money
Your loan is paid into your Great Southern Bank account.6
You can also view repayment details online and on our mobile banking app.
Eligibility
  • You must be at least 18 years of age
  • Be a permanent resident of Australia
  • Receive a regular income
  • Have not been bankrupt or insolvent in the last five years
What will you need:
  • An email address and contact number
  • Existing Great Southern Bank customer number (If you're already a customer)
  • Australian driver's licence, Medicare or passport details
  • Employment and income details
  • Details of your assets, expenses and liabilities
WHAT OUR CUSTOMERS SAY

Trusted by Australians for over 75 years

We've been helping our customers manage their finances since 1946. These days, more than half a million people trust us with their banking and insurance needs.

But don't just take our word for it. Here's what some of them have got to say.

2023 CANSTAR award for Outstanding Value - Excellent Credit Personal Loans
“I have always been treated with respect and dignity. This personal loan was so easy to apply and approved in only a few hours.”
“High level of customer service, great interest rate, excellent website/apps and communication.”
“No dramas at all. Good rates and easy access to all needs online”
FAQS

Car loans explained

What is a personalised interest rate?

A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.

When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.

Learn more with our guide to understanding our personal loan interest rates.

What is the difference between a secured vs unsecured personal loan?

A secured loan is 'secured' against the asset you are borrowing for such as a car, or home. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan. Most secured personal loans have a lower interest rate when compared to an unsecured personal loan because there is an asset attached.

An unsecured personal loan is a loan that does not require an asset as security. Your income and ability to repay the loan is still assessed, however you don't need an asset to secure the loan.

If you’re buying a car or motorbike under seven years old, a Great Southern Bank Secured Fixed Car Loan may be right for you.

For vehicles older than seven years, Unsecured Fixed Personal Loans are available.

What is a comparison rate?

A comparison rate will help you identify the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.

Can we apply for a joint personal loan?

Yes, we do support joint personal loan applications. The same process applies.

Can I make additional repayments?

Yes, you can make additional repayments on your loan without attracting a fee.

Can I make repayments weekly or fortnightly instead of monthly?

Yes. Your loan contract will be set up for monthly repayments initially, but if you prefer to pay in weekly or fortnightly instalments simply call us on 133 282 or drop into a branch and we can arrange this for you.

Can I top up my loan?

Yes. Customers can apply for additional funds on their existing Unsecured Personal Loan by refinancing their current loan into a new loan. We don’t charge early payout fees for this facility.

Ready to set the wheels in motion?
Get started with your Great Southern Bank Car Loan today.
Apply now
Important Information

Rates current as at 7 March 2024 and subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.  Applications are subject to credit approval.

1. Comparison rate examples are accurate for a personal loan amount of $30,000 secured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

2. Comparison rate examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

5. A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.

6. You will need to hold a Great Southern Bank everyday account when the loan is funded.

The Outstanding Value – Excellent Credit Personal Loans Award considers only borrowers with an excellent credit profile (See Canstar’s Personal Loans Awards methodology at http://www.canstar.com.au/current-ratings-awards for more information).

*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:

  • Your credit score.
  • Information provided in your application.
  • Existing loans.
  • The loan amount and your perceived ability to repay the loan.

Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.