Apex Personal Loan — Product Guide¶
Product Disclosure Statement
Effective Date: January 15, 2026
Product Issuer: Apex Bank Ltd (ABN 12 345 678 901, AFSL 234567)
The Apex Personal Loan provides a straightforward borrowing solution for a wide range of purposes, from debt consolidation and home renovations to vehicle purchases and major life events. With competitive fixed rates, no ongoing monthly fees, and the convenience of same-day approval for eligible applicants, the Apex Personal Loan is built to help you manage larger expenses with predictable repayments.
Overview¶
Apex Personal Loans are available as both secured (backed by an eligible vehicle or term deposit) and unsecured options. Loan amounts range from $5,000 to $50,000 with terms between 1 and 7 years. Fixed rate loans provide certainty with repayments that remain the same for the life of the loan, while variable rate loans offer flexibility to make additional repayments and pay off the loan early without penalty.
Funds are typically disbursed within one business day of unconditional approval, directly into your nominated Apex Bank account or to a third-party account for debt consolidation purposes.
Key Features¶
- Loan Amounts: Borrow from $5,000 to $50,000 based on your assessed borrowing capacity and loan purpose.
- Fixed Rates from 7.49% p.a.: Lock in your repayment amount for the full loan term with a fixed interest rate starting from 7.49% p.a. (comparison rate 7.83% p.a.) for secured loans. Unsecured fixed rates start from 8.99% p.a. (comparison rate 9.34% p.a.).
- Variable Rate Option: Available from 8.49% p.a. (comparison rate 8.49% p.a.) with the freedom to make unlimited extra repayments and redraw at no charge.
- Loan Terms: Choose a repayment term of 1, 2, 3, 5, or 7 years to suit your budget and financial goals.
- Same-Day Approval: Existing Apex customers with a strong credit history may receive conditional approval within minutes and unconditional approval on the same business day.
- No Ongoing Monthly Fees: The Apex Personal Loan has no monthly service or account-keeping fees.
- Repayment Flexibility: Repay weekly, fortnightly, or monthly. Set up direct debit from your Apex Everyday Account for hassle-free repayment management.
- Debt Consolidation: Combine multiple debts into a single Apex Personal Loan with one fixed repayment, potentially reducing your total interest cost.
Fees & Charges¶
| Fee Type | Amount | Notes |
|---|---|---|
| Establishment Fee | $250 | One-off fee charged at loan funding |
| Monthly Service Fee | $0 | No ongoing monthly fees |
| Early Repayment Fee (Variable) | $0 | Pay off your variable loan early at no cost |
| Early Repayment Fee (Fixed) | $200 | Flat fee applied if the fixed rate loan is repaid in full before the end of the term |
| Late Payment Fee | $20 | Charged if the scheduled repayment is not received within 7 days of the due date |
| Loan Variation Fee | $100 | Applies to changes in loan term or repayment frequency |
| Dishonour Fee | $10 | Charged when a direct debit or scheduled payment is returned unpaid |
| Redraw Fee (Variable Only) | $0 | Free redraw of additional repayments via Internet Banking |
Interest Rate Summary¶
| Loan Type | Rate (p.a.) | Comparison Rate (p.a.) |
|---|---|---|
| Secured Fixed | From 7.49% | 7.83% |
| Secured Variable | From 8.49% | 8.49% |
| Unsecured Fixed | From 8.99% | 9.34% |
| Unsecured Variable | From 9.99% | 9.99% |
Comparison rates are based on a $30,000 loan over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or loan amounts may result in a different comparison rate.
Eligibility¶
To apply for an Apex Personal Loan, you must:
- Be at least 18 years of age.
- Be an Australian citizen or permanent resident.
- Have a minimum gross annual income of $25,000.
- Be currently employed (full-time, part-time, or self-employed for at least 12 months) or receiving a regular, verifiable income.
- Not currently be in default on any existing Apex Bank or external credit facility.
- For secured loans, provide an eligible asset (vehicle under 10 years old or an Apex term deposit) as security.
How to Apply¶
- Estimate Your Repayments: Use the Apex Personal Loan Repayment Calculator at apexfinancial.company to determine your indicative repayment amount based on your preferred loan amount, term, and rate type.
- Apply Online or In-Branch: Submit a personal loan application online through Apex Internet Banking, visit an Apex branch, or call 1300 273 956 to speak with a lending specialist.
- Provide Supporting Documents: Have ready your most recent payslip or tax return, 90 days of bank statements, identification, and details of the loan purpose. Secured loan applicants must also provide vehicle registration details or term deposit account information.
- Receive Approval: Eligible applicants receive same-day conditional approval. Unconditional approval follows once documents are verified, typically within 1-2 business days.
- Funds Disbursed: Loan proceeds are deposited into your nominated account, usually within one business day of unconditional approval.
For full terms and conditions, refer to the Apex Personal Loan Agreement available online or at any Apex branch.
Related Resources
Apex Home Loan — Product Guide
Comprehensive guide to Apex Bank's home loan offerings including variable and fixed rate options, offset accounts, redraw facilities, and flexible repayment terms for owner-occupier and investment properties.
Apex Rewards Credit Card — Product Guide
Full product disclosure for the Apex Rewards Credit Card including reward points, balance transfer offers, complimentary travel insurance, fee schedule, and eligibility requirements.