Flexible loan amount
Flybuys members can borrow between $5,000 and $50,000. Non-flybuys members can borrow between $5,000 and $20,000.
Flexible loan term
Choose 3, 4 or 5 years for your initial loan term. It's up to you.
No exit fees
Choose to pay your loan off faster, with no penalty for early repayments.
A personal loan that offers you more
A one off Establishment Fee of $199 will apply.+ Plus, you’ll pay no monthly fee when you apply by 31 July 2022.~ Make sure you have your Flybuys card number ready when you click ‘Apply now’ to receive the Flybuys discounted member rate!
Non-Flybuys members receive a 12.99% p.a. variable rate, comparison rate 13.28% p.a.*
Flybuys members rates
Variable interest rate
9.99% p.a. variable rate
Comparison interest rate
10.28% comparison rate*
Non-Flybuys members rates
Variable interest rate
12.99% p.a variable rate
Comparison interest rate
13.28% comparison rate*
Early payout fee
Cash advance fee
The amount you need to pay each month to pay off your initial loan in the term you selected.#
Minimum Payment Due
The minimum you need to pay each month to keep your account up to date. Generally, it will be the monthly instalment amount unless you use the reusable credit facility which will require additional payments on top of your monthly instalment.
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.+
$0, currently waived for new applications, standard monthly fee is $10 per month. If applicable, the $10 monthly fee will be debited to your Account, on your statement date. You won’t be charged a monthly fee in the event your Account has a zero balance and no retail or cash transactions in that Statement Period.~
International transaction fee
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 us to the scheme (where applicable).
Late payment fee
$30 each time we do not receive the Minimum Payment Due and any Overdue amount by the payment due date, debited to your Account after the payment due date. The minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.
Australia Post Payment fee
Calculate your estimated repayments using the Moneysmart calculator
Stay in control of your finances
Easy card access
Spend more conveniently with a debit card attached to your account.
Reusable line of credit
Reuse your available credit over and over without applying for more.#
Keep on track
Use the Coles Mobile Wallet app to view, access and manage your loan.
Even more rewarding with Flybuys
Access Australia’s most popular loyalty program, Flybuys, when you take out a new Coles Personal Loan. Earn points for rewards and take advantage of great offers that’ll help you pocket a little more - in store and at home.1
Get special Flybuys member rates
Simply enter your Flybuys number when you apply to access exclusive member rates.
Extra points every time you shop
Collect up to 1,000 extra Flybuys Points per month at Coles supermarkets with a Coles Personal Loan.1
Get a trolley top up
Enjoy $10 off your Coles Supermarket shop each time you redeem 2,000 Flybuys Points in-store at checkout.^
Frequently Asked Questions
To be eligible for a Coles Personal Loan you must be: 18 years or older and a permanent Australian resident; in ongoing paid employment earning an income of $35,000 p.a. or more; able to provide documents to verify your identity and income details.
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).
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.
To obtain a copy of the Target Market Determination (TMD) related to this product, click here.
Terms and conditions
Credit criteria, fees and charges apply. The advertised Coles Personal Loan rate is for new loans only and is subject to change at any time. Fees and charges apply. Terms and conditions apply and are available upon request.
Your instalment loan will appear as a 'Fixed Payment Option' on your statement. Payment of the Monthly Instalment enables you to pay off the loan within your chosen term of 3, 4 or 5 years.
a) Any use of the reusable credit facility will require monthly repayments in addition to the Monthly Instalment. These amounts will be included in the Minimum Payment Due amount on your statement.
b) Monthly repayments will first be allocated towards payment of your instalment loan(s). Any additional payments will be applied to any balances that are not part of your instalment loan(s).
c) The issuer reserves the right to cancel your instalment loan if you don’t pay your monthly instalments.
d) For full terms and conditions of your instalment loan, please refer to the Coles Personal Loans Unsecured Credit Terms and Conditions and Other Important Information.
This information is current as at 1 June 2022.
~No Monthly Account Service Fee applies to applications submitted from 1 February 2022 to 31 July 2022. Post this advertised date Coles reserves the right to continue, withdraw or change the offer at any time without notice. Other service fees and charges including late payment fee and dishonour fee may apply.
*Comparison rate is based on a 5 year unsecured variable rate loan of $30,000. 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.
+An establishment fee of $199 will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply.
#Payment of the monthly instalment enables you to pay off your initial loan within your 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 for your reusable credit facility. 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.
Redeeming and earning Flybuys Points
1Flybuys 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 points 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. 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.
^2,000 Flybuys Points are required to redeem $10 off at the checkout in-store each time. Excludes Coles Express, Coles Local and Coles Online. Minimum spend is $10 after savings and discounts in one transaction at Coles Supermarkets (excluding gift cards, iTunes cards, tobacco and tobacco related purchases).
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Coles unsecured credit products are issued by National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) and distributed by Coles Supermarkets Australia Pty Ltd ABN 45 004 189 708. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the products. Coles receives commission for the introduction of credit business to NAB.