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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.

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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.

Plenti Fixed Rate Personal Loan

Plenti Fixed Rate Personal Loan

From

6.49 % p.a.

fixed rate

From

6.84 % p.a.

comparison rate

  • Get a personalised comparison rate based on your credit score
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Plenti Fixed Rate Personal Loan

Plenti offers this unsecured personal loan with a fixed or variable rate. Receive a tailored interest rate from 6.49% p.a. based on your risk profile.

  • Interest rate from: 6.49% p.a.
  • Comparison rate: 6.84% p.a.
  • Interest rate type: Fixed
  • Application fee: From $149 to $599
  • Minimum loan amount: $2,001
  • Maximum loan amount: $45,000
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Personal loans you can fix for 3 years

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Plenti Fixed Rate Personal Loan

From 6.49% (fixed)
6.84%
$2,001
3 to 5 years
From $149 to $599
$0
You'll receive a fixed rate between 6.49% p.a. and 11.99% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 year terms.
OurMoneyMarket Personal Loan

From 6.75% (fixed)
6.96%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.75% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.
Alex Personal Loan

From 6.95% (fixed)
6.95%
$2,100
6 months to 5 years
$0 (waived $295)
$0
You'll receive a fixed interest rate from 6.95% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Benefit from no ongoing fees. Note: The establishment fee of $295 is waived for all applications until 31 October 2020. Terms & conditions apply.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.99% (fixed)
6.99%
$5,000
2 to 3 years
from 0% to 5% (capped at $995)
$0
You'll receive a fixed rate between 6.99% p.a. and 17.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan (5 years)

From 7.99% (fixed)
7.99%
$5,000
5 years
from 0% to 5% (capped at $995)
$0
You'll receive a fixed rate between 7.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed

From 9.99% (fixed)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
CUA Unsecured Fixed Rate Personal Loan
9.89% (fixed)
10.14%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 8.99% (fixed)
10.68%
$3,001
2 to 5 years
5 - 8% of the principal borrowed, capped at $1,200
$0
You'll receive an interest rate between 8.99% p.a. and 29.99% p.a. based on your risk profile
A flexible personal loan from MoneyMe with access to cash when you need it.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 5 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 5 years.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 19.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly.
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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

More guides on Finder

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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