MOVE Bank
Personal Loan
MOVE Bank Personal Loan
Member-owned bank offering personal loans from $2,000 to $50,000 with competitive rates.
Apply for Personal Loan
Comparison rate: 7.96% p.a.
- Very competitive rates — max 12.99% p.a.
- Member-owned, not-for-profit bank
- No early repayment fees
- Low establishment fee of $150
Rates and fees may vary based on your profile
Rate from
6.99% p.a.
Comparison rate
7.96% p.a.
Loan amount
$2,000 - $50,000
Loan term
12 - 84 mo
Establishment fee
Establishment fee: $150. Monthly fee: $0. Early repayment fee: $0.
Monthly fee
$0
About MOVE Bank
MOVE Bank is a member-owned, not-for-profit Australian bank formerly known as Railways Credit Union. As a mutual bank, they return profits to members through competitive rates and low fees rather than paying shareholders.
Repayment Calculator
Estimate your monthly repayments for a Personal Loan loan. Adjust the sliders to see how different amounts, terms and rates affect your repayments.
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Estimated monthly repayment
per month
Indicative only. Excludes establishment and ongoing fees.
Pros & Cons
What we like
- Borrowers with good credit wanting the best rates
- Those who prefer member-owned institutions
- Debt consolidation at lower rates
Watch out for
- Borrowers with poor credit (limited rate range suggests tighter criteria)
- Those wanting instant digital approvals
Eligibility Requirements
To apply for a Personal Loan loan, you will typically need to meet the following criteria. Requirements may vary depending on your individual circumstances.
Documents you will typically need
- Recent payslips (last 2-3)
- Bank statements (last 90 days)
- Photo ID (driver licence or passport)
- Proof of address (utility bill or lease)
Some lenders may request additional documentation depending on your employment type and loan amount.
How to Apply
Getting started with Personal Loan is straightforward. Follow these steps to submit your application.
Become a Member
Join MOVE Bank (formerly Railways Credit Union) — membership is open to everyone.
Apply for Your Loan
Apply online or contact MOVE Bank to discuss your needs.
Receive Your Funds
Once approved, funds are deposited into your MOVE Bank account.
Become a Member
Join MOVE Bank (formerly Railways Credit Union) — membership is open to everyone.
Apply for Your Loan
Apply online or contact MOVE Bank to discuss your needs.
Receive Your Funds
Once approved, funds are deposited into your MOVE Bank account.
Frequently Asked Questions
Common questions about Personal Loan
MOVE Bank (formerly Railways Credit Union) is a member-owned, not-for-profit bank. Being member-owned means profits go back to members through better rates and lower fees.
Yes, you need to be a MOVE Bank member to apply for a personal loan. Membership is open to everyone and is free to join.
MOVE Bank offers some of the most competitive rates on the market, from 6.99% p.a. to 12.99% p.a., reflecting their not-for-profit structure.
Ready to apply?
Check your eligibility for Personal Loan today. The application takes just a few minutes.
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