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With over 45 years of experience in personal financing, we’re the personal lending experts. We’ve helped over 3.1 million Australians and we can help you too.
- Rates start from 13.99%*p.a. (Comparison rate from 15.00%^ p.a.)
- Applications take as little as 15 minutes to complete online.
- Get same day approval and access to funds in 24 hours1.
A GE Money Personal Loan helps you turn those big price tags into smaller, easy to manage repayments - you’ll be surprised at how little it could cost you each week!2
We’ll tailor a repayment schedule that suits your budget and lifestyle; plus you’ll enjoy the certainty of fixed repayments that don’t change for the life of the loan.
How is GE Money different from other lenders?
As a leading alternative to the major banks in personal finance, we strive to treat every customer individually and fairly. We believe that personal finance should be simple so you can count on GE Money to tailor a simple, easy to understand loan that suits your needs.
Most importantly, we work quickly - so that you get what you want fast.
Find out more about us by clicking here.
To speak to a loan expert, call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST).
With over 45 years of experience in personal financing, we’re the personal lending experts. We’ve helped over 3.1 million Australians and we can help you too.
- Rates start from 13.99%*p.a. (Comparison rate from 15.00%^ p.a.)
- Applications take as little as 15 minutes to complete online.
- Get same day approval and access to funds in 24 hours1.
A GE Money Personal Loan helps you turn those big price tags into smaller, easy to manage repayments - you’ll be surprised at how little it could cost you each week!2
We’ll tailor a repayment schedule that suits your budget and lifestyle; plus you’ll enjoy the certainty of fixed repayments that don’t change for the life of the loan.
How is GE Money different from other lenders?
As a leading alternative to the major banks in personal finance, we strive to treat every customer individually and fairly. We believe that personal finance should be simple so you can count on GE Money to tailor a simple, easy to understand loan that suits your needs.
Most importantly, we work quickly - so that you get what you want fast.
Find out more about us by clicking here.
To speak to a loan expert, call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST).
Approved applicants only. Conditions, fees and charges apply.
| Who's this for? | People who need funds for most purposes. |
| Am I eligible to apply? | You need to be at least 18 years of age, a permanent Australian resident and in regular paid employment to apply. |
| How much can I borrow? | From $3,000, with no maximum amount |
| What loan terms are available? | From 2 to 7 years |
| Repayment frequency | Weekly, fortnightly or monthly |
| Repayment options | Direct Debit, Australia Post, EFTPOS, BPAY®4 |
| Are additional repayments ok? | Yes, at any time5 |
To speak to a loan expert, call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST).
4 Payment at Australia Post or via BPAY® will incur a payment handling fee. 5 If you pay off your loan early, an early termination fee may apply. BPAY and the BPAY logo are registered trademarks of BPAY Pty Limited ABN 69 079 137 518. Credit provided by GE Personal Finance Pty Ltd ABN 54 008 443 810 trading as GE Money. Australian Credit Licence number 392163.
| Interest type | Fixed for the life of the loan |
| Interest rate | From 13.99%*p.a. (Comparison rate from 15.00% p.a.^) |
Fees and Charges
Below is a list of our fees and charges:
|
Establishment Fee A once only fee for establishing your account |
$250 |
|
Loan Service Fee Charged monthly on all loans |
$10 |
|
Payment Handling Fee Australia Post & BPAY Charged for each payment made at Australia Post or by BPAY |
$1.50 |
|
Late Payment Fee This applies if you don't make the whole of the minimum payment by the due date. An easy way to avoid late payment fees is to set up a direct debit. |
$35 |
|
Early Termination Fee Full amount charged within first half of loan term, 50% in the second half of the loan except the last 6 months of the loan when no fee is charged |
$150 |
If you would like to discuss any of this information further, call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST).
Budget Planning Tool
We believe setting a budget is essential to getting a really good understanding of your income and expenses. Whilst setting a budget may seem daunting at first, once you start working out the details you'll understand where your money is going so you can plan for the future.
Set up a budget now.
Personal Loan Repayment Calculator
Use this calculator to work out approximate repayments before you apply for a personal loan, or to see how much interest and time you could save on your existing loan if you make additional repayments.
Calculate your repayments now.
Please note: The results from the calculator are to be used as a guide only, as interest rates, time periods and repayments will depend on your personal financial situation.
Frequently Asked Questions
What can I use a loan for?
You can use a GE Money Loan for most purposes. This could be anything from a holiday, education expenses, car purchase or repairs, home renovation, travel, unexpected bills, debt consolidation or even a wedding. If you have something in mind, give us a call to discuss a solution that suits you.
How long does it take to approve?
In most cases if you apply before midday, you can expect to receive a decision on your loan application the same day.
How long until I get my funds?
Once your application has been approved, funds can usually be transferred into your nominated bank account by the next business day (timings may vary depending on your situation).
Is the interest rate on a GE Money loan variable or fixed?
Both GE Money Personal Loans and Debt Consolidation Loans feature fixed interest rates, so repayment amounts stay the same throughout the life of the loan. Having this certainty makes budgeting simpler and more manageable.
How is interest calculated?
Interest is calculated daily and charged to your account on a monthly basis.
What are the fees?
|
Establishment Fee A once only fee for establishing your account |
$250 |
|
Loan Service Fee Charged monthly on all loans |
$10 |
|
Payment Handling Fee Australia Post & BPAY Charged for each payment made at Australia Post or by BPAY |
$1.50 |
|
Late Payment Fee This applies if you don't make the whole of the minimum payment by the due date. An easy way to avoid late payment fees is to set up a direct debit. |
$35 |
|
Early Termination Fee Full amount charged within first half of loan term, 50% in the second half of the loan except the last 6 months of the loan when no fee is charged |
$150 |
Do I need to provide security?
This will vary depending on your personal circumstances and the loan amount you have applied for.
How do I make repayments?
You can opt to make weekly, fortnightly or monthly repayments by Direct Debit, BPAY®, at Australia Post outlets* or via EFTPOS at any one of our branches.
*Payment at Australia Post or via BPAY® will incur a payment handling fee. BPAY and the BPAY logo are registered trade marks of BPAY Pty Limited ABN 69 079 137 518.
Will I be charged a fee for making additional repayments?
Additional repayments can be made at any time and do not attract any fees^. However if you pay off your loan early, an early termination fee may apply. The amount will depend on how long you have left on your agreed term.
|
Early Termination Fee Full amount charged within first half of loan term, 50% in the second half of the loan except the last 6 months of the loan when no fee is charged |
$150 |
^ Payment handling fees apply for additional repayments made at Australia Post or via BPAY®. BPAY and the BPAY logo are registered trade marks of BPAY Pty Limited 69 079 137 518.
How can I avoid paying late fees?
Paying by direct debit saves you time and the hassle of manual repayments, it also helps you to avoid fees from missed or late payments. Here are some other tips to avoid late fees:
- Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.
- If your circumstances change which could affect your repayments, call us on 1300 973 422 to discuss your options.
- You can also make additional repayments so you pay off your loan sooner ‡.
Do you have any other questions?
Call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST)
‡Early termination fee applies.
- Personal Loan applications are quick and simple to complete.
- Get same day approval and access to funds in 24 hours1
Call us
To speak to a personal loan expert, call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST).
Visit us
Find your nearest GE Money branch
What do I need to apply?
At a minimum, you will need to have a regular income, be an Australian Permanent Resident and be at least 18 years of age. Other credit and approval criteria will apply depending on your situation. If you apply before midday we can let you know if your application is successful the same day.
To receive final approval on your loan application, you will need to supply us with the following original documents (depending on the details of your application we may also require some other documents):
| Proof of identity |
• Option 1
Current Australian Driver Licence/Learner Permit OR Proof of Age Card6OR NSW Birth Card showing current address |
|
• Option 2
Australian Passport (current or expired within 2 years) OR Current Foreign Passport (must NOT be expired) OR Centrelink/Department of Human Services pension card OR non-photo current Australian Driver Licence PLUS one secondary ID document |
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Secondary ID documents
Utility bill2 OR Rates notice (less than 3 months old) OR Centrelink/Department of Human Services Statement OR ATO assessment Notice (less than 12 months old) |
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| Proof of income | Two of your most recent payslips or |
| If you are self-employed, your last two tax returns/financial statements PLUS your last two tax assessment notices | |
| Proof of residency | One form of identification as proof of residency, such as a current utility bill7 or your current rental agreement |
6NSW Proof of Age Card is not accepted
7Excludes mobile phone bill
*Approved customers only for loan amounts greater than $20,000. All applications are subject to lending and approval criteria. Conditions, fees and charges apply. Interest rate offered will depend on our assessment criteria. ^Based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
1 Settlement times may vary depending on circumstance.
2 Please note that a longer loan term will incur additional interest charges.
Credit provided by GE Personal Finance Pty Ltd ABN 54 008 443 810 trading as GE Money. Australian Credit Licence number 392163.
Copyright General Electric Company 1997 - 2012. GE Money recommends that you read the Terms and Conditions and Privacy Policy of the website. GE Money (a division of GE Capital) is a leading consumer finance company in Australia and New Zealand, offering a range of services: including personal loans, car loans, credit cards, personal insurance, interest free and promotional retail finance.