Personal Loan
Borrow up to $20,000, with an instant decision.
Simplify your finances with a single payment for all your debts
If you have multiple debt payments, including credit cards and loans, a debt consolidation loan could help you bring it all together, potentially saving money and making it easier to manage with a single monthly repayment.
Get a quick decision
KBank customers get an instant credit decision, while non-KBank current account customers should get a decision within 5 working days.
Quick access to funds
Receive the money instantly once your application has been approved and the loan agreement has been signed.
Make overpayments free of charge
Manage your finances your way, with the flexibility to overpay in any month, which could reduce the amount of interest over the term of the loan period.
FAQ
- Existing Kbank customers, or non-Kbank customers
- Must be a national resident
- 16 years or older
- Annual income before tax of $10,000 or more
- the purchase of property or land including holiday homes and apartments
- purchasing a joint stake in a property or buying out a joint owner
- mortgage deposit (regardless of lender or country)
- gifting funds to third parties to support the purchase of a property, including mortgage deposit, stamp duty and solicitors fees
- gambling
- business purposes
- share-dealing
Rate information
5.8% APR representative
This rate is available for loans between $5,000 and $15,000.
The representative APR may not be the rate you'll receive, as the rate is subject to change. You’ll be offered a rate based on our assessment of your personal financial circumstances. The maximum APR you could be offered is 24.9%.
The APR may vary based on the amount borrowed.
Representative example
The borrowing amount is $8,000. Payable over 36 months. Fixed monthly payment of $242.11 per month. Total amount repayable is $8,716.09. Representative 5.8% APR. Interest rate p.a fixed 5.8%.
See our tips for a successful application
1. Build your credit rating
If you need to, there are several ways to improve your credit score. This includes joining the electoral register with your local authority and making sure you pay your bills on time. Late or missed payments can negatively impact your credit score.
2. Check your credit report
The major credit reference agencies are Acme Credit Rating Ltd, and Acme Credit Store plc.
It can be a good idea to check it out first if only to make sure there are no mistakes on your file. However, your credit report won’t tell you whether or not you’ll be approved, as it isn’t the only factor a bank will consider when making a decision, but it will give you a good indication of your chances.
3. Double-check and triple-check your loan application
A small mistake can impact the outcome of your application. And it could be really small. For example, if you live in an apartment, your address may need to be written as Apartment A, 123 High Street rather than 123 High Street, Apartment A. Before submitting your application, take care of your data inputs and ensure everything is completely accurate.
4. Don’t apply for credit too many times
If you apply lots of times in a short timeframe, it can give the impression that you’re having trouble managing your money. If you're just looking to see how much you'd need to pay back per month, you can get an estimate from the Kbank loan calculator, or call us on 01234 567890
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