Why choose Coles


  • Flybuys members may get lower interest rate
  • No early exit fees
  • No need to put down collateral


  • No fixed interest rates available
  • Establishment fee charged
  • Monthly fee charged

Coles Personal Loans

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Total repayments

Australian Credit Licence 470916Fees & charges apply



up to 18.6%



Personal Loan (flybuys)
  • 3 to 5 years
  • Unsecured
  • Variable Rate

Australian Credit Licence 470916Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.


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based on a $30,000 loan for 5 years at 10.90%

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Features of a Coles personal loan

Coles provides unsecured personal loans of $5,000 and $50,000. Borrowers can pay it off over three, four or five years. An unsecured personal loan means you don’t have to secure your loan with an asset, such as a car or property, so there’s no risk of you losing your asset if things don’t work out.

This lender charges various fees on its personal loans including establishment fees, monthly ongoing fees, late fees and redraw fees. However, Coles does not charge an early repayment fee.

Coles only provides unsecured variable-rate personal loans. A variable interest rate means the rate could move up or down during your loan term, which could affect your repayments.

Coles personal loans – customer service

Customers can contact Coles by phone, email, live online chat and post. You can call Coles’ dedicated personal loans phone 24/7. Live online chat is available 8am to 7pm (AEST) on weekdays.

Who is eligible for a Coles personal loan?

  • Must be over the age of 18.
  • Must be a permanent Australian resident.
  • Must be employed as a permanent full-time or part-time employee, or self-employed.
  • Must earn at least $35,000 a year.
  • Must have a good credit rating.
  • Must have proof of identify and income.

How to apply for a Coles personal loan?

The application process takes about 15 minutes and can be done on the Coles website.

  1. Click ‘Get started’ on their website.
  2. Complete the online application form.
  3. Submit the application.
  4. Wait for a response. This may take about 60 seconds.

Coles personal loans review

Coles’ personal loans are suitable for those with a good credit history. Those who have Flybuys membership may be eligible for a lower interest rate and may also be able to earn Flybuys points on their personal loan.

Personal loan customers can borrow up to $50,000, with a maximum term of five years.

Coles charges an establishment fee, ongoing monthly fees and late fees. However, borrowers can pay off their loan early without penalty. If you’re applying for a Coles personal loan, it’s best to read the contract carefully before committing to the loan.

Coles’ interest rates are moderate compared with other personal loan lenders. If you’re a Flybuys member, the interest rates you may be eligible for are moderately low.

If you’re looking for the best personal loan rates for you, it’s a good idea to compare interest rates, fees and features from a few different lenders.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.