Beyond Bank is a customer-owned bank based in Australia. Beyond Bank is owned by its members, which means it does not serve sharemarket investors. Profits earned by Beyond Bank are reinvested, allowing it to offer lower fees and rates.
Beyond Bank was established about 60 years ago and now serves over 200,000 customers and operates over 40 bank branches.
Benefits
Drawbacks
Australian Credit Licence 237856Fees & charges apply
7.99%
8.37%
$608
$36,489
Australian Credit Licence 237856Fees & charges apply
12.49%
12.78%
$675
$40,487
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
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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 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.
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.
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