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Personal Loan Education

16/11/2009

A Bank of Queensland Lifestyle personal loan is available to approved borrowers for any worthwhile purpose. You can borrow from $3,000 plus the options of fixed or variable interest rates, unsecured or mortgage-secured.

Loan terms can vary between one year and seven years with a monthly fee of $7.50 and an application fee of $150. There are fee free extra repayments allowed with repayments being able to be made weekly, fortnightly or monthly.

Unsecured fixed rate personal loans are currently charging 13.99 per cent (16.6 per cent comparison rate) while variable rate personal loans are currently charging 14.49 per cent (comparison rate 17.1 per cent).

Source: Bank of Queensland

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