Great Southern Bank Fixed Rate Personal Loan with No Penalty Extra Repayments and Redraw up to $75,000

Why choose the Great Southern Bank Fixed Rate Personal Loan

The Great Southern Bank Fixed Rate Personal Loan delivers certainty with a fixed interest rate and flexible features tailored for Australians. As a fixed rate personal loan, it protects you from rate hikes while offering the freedom to borrow up to $75,000 for renovations, a car, or debt consolidation.

This unsecured loan is straightforward to apply for and doesn’t require collateral. With clear repayments and a predictable schedule, the Great Southern Bank Fixed Rate Personal Loan is a solid choice for anyone wanting budget certainty and reliability.

Key features: no penalty extra repayments, redraw and flexible repayments

One of the standout benefits is no penalty extra repayments — you can put extra money on the loan without facing fees, helping reduce interest over time. The product also includes a redraw facility, so any additional payments you make can be accessed later if needed.

Repayment frequency can be weekly, fortnightly or monthly to suit your cashflow. The combination of no penalty extra repayments and redraw access makes this fixed rate personal loan especially flexible compared to many competitors in the Australian market.

Costs, fees and practical details

There’s no monthly account-keeping fee with this loan, though a one-off establishment fee of $175 applies. The redraw facility has a minimum in-branch redraw of $200, so plan smaller withdrawals accordingly.

Being a fixed rate personal loan, you’ll know your repayment amount for the term, which helps with budgeting. The ability to make extra repayments without penalty offsets the establishment fee for many borrowers because it can significantly shorten the loan term and save interest.

How to apply and who it suits

Applying is straightforward — start online via Great Southern Bank’s website, provide ID, proof of income and basic financial info. Approval times vary, but an unsecured application for up to $75,000 is typically faster than secured options that need property or assets as collateral.

This loan suits homeowners and renters alike who want certainty and flexibility: from renovators and car buyers to those consolidating higher-rate debt. If you value a fixed rate personal loan with no penalty extra repayments and redraw access, this product deserves a close look.