Personal Loans

Pay a $99 Establishment Fee, usually $199 and no Monthly Fee in the first year of a Coles Personal Loan¹

When you apply by 21 May 2021. Please note a $10 Monthly Fee applies after the first year.

Flexible loan amount

Borrow between $5,000-$50,000.

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 with a personal rate

A one-off Establishment Fee of $99 and no Monthly Fee in the first year will apply. 1

member rates from

9.99% p.a.

variable rate*

10.64% p.a.

comparison rate⁺

Flybuys member rates 9.99% p.a. - 17.99% p.a.*
Comparison rate 10.64% p.a – 18.58% p.a.⁺

member rates from

12.99% p.a.

variable rate~

13.62% p.a.

comparison rate⁺

Flybuys non-members rates 12.99% p.a. - 19.99% p.a.~
Comparison rate 13.62% p.a – 20.57 p.a.⁺

  • Flybuys members rates

    Variable interest rate
    9.99% p.a. - 17.99% p.a.*

    Comparison interest rate
    10.64% p.a – 18.58% p.a+

  • Non-Flybuys members rates

    Variable interest rate
    12.99% p.a. - 19.99% p.a.~

    Comparison interest rate
    13.62% p.a – 20.57% p.a.+

  • Early payout fee


  • Cash advance fee


  • Monthly Instalment

    This is the minimum you need to pay each month to keep your account up to date.#

  • Minimum Payment Due

    Monthly Installment plus greater of $30 or 1.00% + Fees & Interest.

  • Establishment fee


    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. 1

  • Monthly fee

    No Monthly Fee in the first year and $10 per month thereafter. 1

    Not charged when account balance is $0 and no retail and cash transactions are made in the month.

  • 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 Citigroup 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.

  • Overlimit fee


  • Australia Post Payment fee



Calculate your estimated repayments using the Moneysmart calculator

This calculator does not provide you with a personalised rate. Coles Personal Loans will independently assess your borrowing capacity to determine your personalised rate.3

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.#

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.2

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 permanent full-time or part-time employment, or self employed; 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.

Terms and conditions

Offer criteria

Credit criteria, fees and charges, terms and conditions apply.

Coles Personal Loan customers who apply by 21 May 2021 and are approved, will have a reduced Establishment Fee and their Monthly Fee waived for the first year. Establishment Fee is normally $199 and will be discounted to $99. Please note a $10 Monthly Fee applies after the first year and other fees and charges may apply including late payment fee and paper statement fee.

* 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 10.64% p.a – 18.58% 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.

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 13.62% p.a – 20.57% 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.

# 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.

Redeeming and earning Flybuys points

2 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 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).

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


Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Coles unsecured credit products are issued by Citigroup Pty Limited ABN 88 004 325 080 AFSL No. 238098 Australian credit licence 238098 and distributed by Coles Supermarkets Australia Pty Ltd ABN 45 004 189 708. Coles receives commission for the introduction of credit business to Citigroup.