Flexible loan amount
Borrow between $5,000-$50,000.
No exit fees
Pay your loan off earlier if it suits you.
Flexible loan term
Its up to you. Choose 3, 4 or 5 years for your initial loan term.
The only personal loan that gives you flybuys points.
Reusable line of credit
Reuse your credit over and over without applying for more.
Equal monthly repayments
Simple monthly direct debit repayments to help
you manage your budget.
See how much you can borrow and your estimated monthly repayments at a personalised variable interest rate.* It won't affect your credit rating.
Use the Coles Mobile Wallet app to manage your account and access your balance and transaction history.
Safe and secure. Use your fingerprint on your 4-Digit Access Code to access your account.
Anytime, anywhere. Manage your account 24/7.
Quick and easy. The Coles Mobile Wallet app is simple to use.
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.
Please have the following information handy:
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.
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.#
No, there is no early payout fee for early repayment.
1 The Establishment Fee and Monthly Fee will be waived for the first 500 new customers who apply for a Coles Personal Loan by 31 October 2019 via the link above, enter their flybuys number in the application form and activate their Account within the first 30 days of the loan approval date. The Establishment Fee is normally $199 and will be discounted to $0. The $10 Monthly Fee will be discounted to $0 for the length of the initial term and any additional use of the line of credit. Please note that late payment, postal, and international transaction fees still apply. When the offer has reached 500 approved customers, you will no longer be able to apply for the offer via the link above. Credit criteria, fees and charges, terms and conditions apply. 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.
* A majority of flybuys members will receive this variable rate. The interest rate offered to approved applicants who are flybuys members at the time of application will be between 9.99%p.a and 17.99%p.a (Comparison rate 9.99%p.a and 17.99%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.
~ A majority of non-flybuys members will receive this 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 12.99%p.a. and 19.99%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 when they scan their flybuys barcode. 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, whenever they scan their flybuys barcode, for each Coles Personal Loan they hold, up to a maximum 1,000 EXTRA POINTS per loan per month. flybuys EXTRA POINTS are collected from the date you activate your Coles Personal Loan Debit Mastercard and it is linked to your flybuys membership. You do not need to spend on your Coles Personal Loan Debit Mastercard to qualify for EXTRA POINTS. 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.
2 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.