Introducing Coles Personal Loans

The only personal loan with flybuys.

Get your Little Red Rate

Check your borrowing power and rate, without affecting your credit score.

The Coles Difference

Features

Coles Cards

Keep control of your loan

With your Coles Personal Loan you can reuse your available credit limit, using your Coles Personal Loan Debit Mastercard®.#

Coles Insurance icons

Manage your loan on your phone

Use the Coles Mobile Wallet app to manage your account and access your balance and transaction history.

flybuys members rates

Variable interest rate
11.99% p.a. - 17.99% p.a. *
Comparison rate
12.94% p.a. - 18.91% p.a. +

Non - flybuys members rates

Variable interest rate
12.99% p.a. - 19.99% p.a. ~
Comparison rate
13.93% p.a. - 20.90% p.a. +

Loan details and fees

Early payout fee
$0
Overlimit fee
$0
Cash advance fee
$0
Australia Post Payment fee
$2.25
Minimum payment due
Greater of $30 or 1.00% + Fees & Interest
Establishment fee
$199
An Establishment Fee will be debited to your Account on the date we issue you a statement for the Statement Period in which you activate your Account.
Monthly fee
$10
Not charged when account balance is $0 and no retail and cash transactions in the month.
International transaction fee
2.50%
We charge you an International Transaction Fee of 2.5% on the AUD conversion of any transaction made in foreign currency. This amount includes a service and assessment fee payable by Citigroup to the scheme (where applicable).
Minimum late payment fee
$10
If your Minimum repayment is not paid by the Payment Due Date then you will be charged $10 and $10 every 7 days thereafter until the Minimum Repayment is made.
Monthly instalment payment #
This is the minimum you need to pay each month to keep your account up to date.

Apply in 3 easy steps

Eligibility criteria

Frequently Asked Questions

Who can apply for a Coles Personal Loan? Navigation Show below Hide below

All permanent Australian residents, over 18 years of age, who earn more than $35,000 per annum and have a good credit rating can apply for a Coles Personal Loan.

What information do I need to apply? Navigation Show below Hide below

Please have the following information handy:

  • Driver's licence or passport.
  • Employment and income details.
  • Household expenses.
  • Other loan and credit card repayments.
  • Your existing flybuys Membership Account Number (if you have one).

How much can I borrow? Navigation Show below Hide below

You can apply for a Coles Personal Loan between $5,000 and $50,000. Please note: your loan amount offered will be based on our credit assessment and may be lower than what you request.

What is a line of credit? Navigation Show below Hide below

Your Coles Personal Loan comes with a line of credit feature which allows you to access your available credit limit, without the need to apply for an increase. Simply use your Coles Personal Loan Debit Mastercard® at an ATM to withdraw funds or by making a purchase with your available limit. Using the redraw feature on your account will be charged at the Standard Annual Percentage Rate (APR), please refer to your statement for your APR.#

Are there early payout fees? Navigation Show below Hide below

No, there is no early payout fee for early repayment.

Need a hand?

Email

Contact us via our online enquiry form.



Phone

Australia: 1300 306 397
Overseas: (+61)2 8288 2890
Call centre is 24/7

Manage your loan online

Log in to view your loan balance, check your statements and more.




Terms & conditions

Credit criteria, fees & charges, T&CS apply.

* We believe the majority of flybuys members would receive this indicative variable rate. The interest rate offered to approved applicants who are flybuys members at the time of application will be between 11.99%p.a and 17.99%p.a (Comparison rate 12.94%p.a to 18.91%p.a.) based on the information in your application and available to us at the time of assessment. Credit criteria, fees & charges, T&CS apply.

~ We believe the majority of non-flybuys members would receive this indicative variable rate. The interest rate offered to approved applicants who are non-flybuys members at the time of application will be between 12.99%p.a. and 19.99%p.a. (Comparison rate 13.93%p.a to 20.90%p.a.) based on the information in your application and available to us at the time of assessment. Credit criteria, fees & charges, T&CS apply.

+ Comparison rates are calculated for an unsecured loan amount 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.

^ flybuys members currently collect 1 flybuys point for every dollar spent at Coles. flybuys members who hold a Coles Personal Loan and have linked their loan to their flybuys membership will collect +1 EXTRA POINT on every dollar spent at Coles for each loan whenever they scan their flybuys card. flybuys members do not collect flybuys points on the spend amount made on their Coles Personal Loan. Maximum 1,000 EXTRA POINTS per loan per month. flybuys EXTRA POINTS are collected from the date you activate your Coles Personal Loan and it is linked to your flybuys membership. No flybuys EXTRA POINTS will be collected for the month in which your loan ends. This offer can be withdrawn at any time. Standard flybuys Terms and Conditions apply. flybuys EXTRA POINTS are collected on transaction balance after savings and discounts and exclude gift cards, iTunes cards, tobacco and tobacco related purchases. Coles means Coles Supermarkets and Coles online only.

1 $10 off a coles shop: 2,000 flybuys points are required to redeem $10 off at the checkout each time. Excludes Coles Express and Coles online. Minimum spend is $10.05 after savings and discounts in one transaction at Coles Supermarkets (excluding smoking/tobacco related product purchases and all gift cards).

# Payment of the monthly instalment enables you to pay off your Coles Personal Loan within your initial chosen loan term. You can choose to reuse credit up to your approved credit limit. Any use of the reusable credit facility will require additional monthly repayments on your loan. There will be no end date of your personal loan whilst you continue to use your reusable line of credit. For the full terms and conditions of your instalment loan, please refer to the Coles Personal Loans Unsecured Credit Terms and Conditions and Other Important Information.

Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. Product Issuer and Credit Provider Citigroup Pty Ltd ABN 88 004 325 080 AFSL No. 238098 Australian credit licence 238098 (Citigroup) and distributed by Coles Supermarkets Australia Pty Ltd ABN 45 004 189 708 (Coles). Coles receives commission for the introduction of credit business to Citigroup.