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Three-year fixed rate personal loans

Take your next financial step and pay it off over three years with a competitive fixed rate.

If you’re looking for a way to finance a large purchase, a holiday, or even an investment such as home renovations, consider a three-year fixed rate personal loan. These loans are suited to a wide range of needs. Find out what these loans are, how they work, how to compare them and if they are right for you.

HSBC Personal Loan Offer

HSBC Personal Loan

from

9.50 % p.a.

fixed rate

from

10.06 % p.a.

comparison rate

  • Competitive interest rate
  • Additional payments OK
  • Borrow up to $50,000
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100% confidential application

HSBC Personal Loan Offer

Apply for a HSBC Personal Loan and get competitive interest rate offer with a flexible range of repayment options.

  • Interest rate from: 9.50% p.a.
  • Comparison rate: 10.06% p.a.
  • Interest rate type: Fixed
  • Application fee: $150
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
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Personal loans you can fix for 3 years

Rates last updated May 21st, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
HSBC Personal Loan
From 9.5% (fixed)
10.06%
$5,000
1 to 5 years
$5
$150
A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.
SocietyOne Unsecured Personal Loan
From 7.5% (fixed)
9.51%
$5,000
2 to 5 years
$0
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
7.69%
$5,000
3 to 5 years
$0
$500 (Upfront fee)
Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a.. based on your credit history.
MyState Unsecured Personal Loan
12.99% (variable)
16.42%
$3,000
1 to 7 years
$10
$200
Apply for up to $50,000 and make additional repayments at any time without penalty.
Pepper Money Unsecured Fixed Rate Personal Loan
From 9.99% (fixed)
9.99%
$5,000
1 to 7 years
$0
$0
Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.74% p.a. The rate you are approved for depends on individual circumstances.
NOW FINANCE Personal Loans
From 7.95% (fixed)
9.42%
$5,000
1.5 to 7 years
$13
$395 (Based on $10,000)
Get rewarded with a low interest rate for your good credit history. Rates from 7.95% p.a. to 16.95% p.a. depending on your credit score.
Westpac Unsecured Personal Loan
12.99% (fixed)
14.14%
$4,000
1 to 7 years
$12
$250 (No establishment fee for a new Unsecured Personal Loan before 14 June 2018)
A competitive, fixed rate personal loan that allows you to make extra repayments. Apply before 14 June 2018 and pay $0 establishment fee.
Heritage Bank Standard Personal Loan
12.99% (fixed)
13.61%
$5,000
1 to 5 years
$5
$200
A flexible personal loan where you can choose a fixed or variable rate and make extra repayments at any time.
St.George Unsecured Personal Loan - Fixed Rate
From 12.99% (fixed)
14.06%
$2,000
1 to 5 years
$12
$195
Convenient redraw facility and flexible personal loan repayment options with a competitive interest rate between 12.99% p.a. and 19.99% p.a.. If you borrow more than $10,000 to buy a new or used car, you'll receive a $200 fuel card. Note: Must apply before 28 June 2018.

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How do three-year fixed rate personal loans work?

When you apply for a fixed rate personal loan, the rate applied to your loan when you sign the contract will remain the same throughout the entire loan term. Typically, these loans have a loan term of three years, but some lenders offer a loan with a fixed rate term of three years but a total loan term of up to seven. The remainder of the term has a variable rate applied.

These loans can be secured or unsecured and fees and restrictions differ depending on the lender. However, you'll usually see both early repayment fees and fees for making additional repayments.

What types of these personal loans are available?

Three-year fixed rate loans can be used for various purposes and there are a few different types available:

  • Three-year fixed rate car loans. If you’re looking at buying a new or used car you will find various options for three-year fixed loans. As the loan is secured you will be able to lock in a competitive low rate, depending on the lender.
  • Three-year fixed rate secured loans. Even if you aren’t purchasing a vehicle you can still consider a secured personal loan. If you hold equity in your home, have money in a term deposit or own a high-value asset such as fine art or jewellery, you may be able to use it to guarantee the loan.
  • Three-year fixed rate unsecured loans. You can use funds from an unsecured loan to go on a holiday, consolidate debt, buy big-ticket items, or for any other purpose, and not risk a secured asset.

How you can compare your three-year fixed rate options

If you’re considering a three-year fixed rate loan as a financing option, it’s best to compare your options to find the right loan for you. Here are some features to look out for when comparing:

  • The interest rate. You will be locked into this rate for three years, so ensure it’s competitive. When comparing your options on finder.com.au, you can sort comparison tables like the one above by clicking on the column heading. Remember, secured loans tend to have better rates than unsecured loans.
  • The upfront and ongoing fees. Are there any application fees? Will you be charged monthly or annual fees? The comparison rate will give you an idea of the true cost of the loan, as it incorporates the rate and fees.
  • The other fees you may be charged. Fixed rate loans often attract fees for making additional repayments, accessing redraw facilities (if available) and repaying your loan ahead of time. Be sure to check these before you apply.
  • The eligibility criteria. Are you eligible for the loans you’re comparing? By clicking on the name of the loan in finder.com.au comparison tables you can see a list of the minimum eligibility criteria required to apply – this may help you narrow down your options and find loans more suited to your needs.

Weighing up the benefits of fixed rate loans

Benefits

  • You can lock in a competitive rate that stays in place for three years
  • A three-year term can help keep your repayments low, depending on how much you borrow
  • A range of lenders offer three-year fixed rate personal loans so you have many loans to compare

Drawbacks

  • If market conditions improve, you won’t benefit from lowered repayments
  • You will usually need to pay a fee to pay back your loan early or make additional repayments
  • If your situation changes and you need to switch to a loan with a longer loan term, you may need to pay a fee

Check out other fixed rate personal loans

Frequently asked questions

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Personal Loan Offers

Important Information*
SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.

Westpac Unsecured Personal Loan

A competitive, fixed rate personal loan that allows you to make extra repayments. Apply before 14 June 2018 and pay $0 establishment fee.

Harmoney Unsecured Personal Loan

Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a.. based on your credit history.

Pepper Money Unsecured Fixed Rate Personal Loan

Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.74% p.a. The rate you are approved for depends on individual circumstances.

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