Easy loans with online approval

Need a personal loan? Find out how to easily get approved today.

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Getting approved can be easy when you know how (though some people might still find it easier than others). Making sure your credit score is solid, owning an asset to offer as security and paying off your existing debts are just some of the ways you can make your loan application easier. It's important to remember that loan rejections show up on your credit file. This can be red flag to lenders and decrease your chances of approval the next time you apply.

Compare personal loans

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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% 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.

⭐ Finder Exclusive: Apply before September 30th 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
Alex Bank Personal Loan

From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 4.99% 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. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $999
$35
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance debt consolidation loan via Finder by 30 September 2021 for your chance to win $2000 paid off your debt. T&Cs apply.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% 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.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Great Southern Bank Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a guaranteed rate of 9.39% p.a. with a comparison rate of 9.64% p.a. if you're approved.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
Wisr Personal Loan ($5,000 to $30,000)

From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 30 September 2021. T&Cs apply.
Wisr  Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: Secure a reduced interest rate of 8.99% p.a. for a limited time only. Apply for up to $50,000 to use for a variety of purposes without needing to add security.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.
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 22.99% 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. You can check your interest rate before applying with no impact to your credit score.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
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How do I get approved for a personal loan?

There are a number of factors that lenders look at when determining whether or not someone is eligible for a personal loan. The following are the factors that lenders consider and how to improve your chances in each:

  • Credit history

    Personal loan lenders will look at your credit score and history for any past defaults to determine how risky you will be as a borrower. Having a strong credit history with no defaults will make it easier to be approved for a loan. You can check your credit score for free and if you find it wanting, there are some steps you can take to improve it prior to submitting a loan application.

  • Income

    Most lenders will usually have a minimum income requirement to determine whether someone will be able to repay the loan. This is a responsible lending technique. If your credit history isn't perfect but your income is reasonably high, you may still qualify for a personal loan (although you should probably discuss this with the lender directly prior to submitting an application). If your income doesn't meet the minimum requirement, that particular loan is probably not appropriate for your circumstances, as the repayments will likely be too high. Try applying for less, or considering a joint personal loan.

  • Loan security

    Some loans require a loan security in the form of an asset or home equity. Other loans are unsecured and some make offering security optional. Sometimes offering an asset as security can increase your chances of approval on a certain loan - particularly if your credit history isn't perfect - as it presents less risk to the lender. Be sure that the asset offered as security meet the eligibility criteria set out by the lender. It will be required to have a value either equal to or more than the loan's value.

  • Loan purpose

    What are you going to do with the funds you're applying for? Some loans come with restrictions as to what the funds can be used for. For example, secured car loans usually have restrictions on the age of the car. Other loans may prohibit using funds to pay bills or other debts. It's important to check the eligibility criteria of the loan and make sure that you can use it for what you need it for before applying.

  • False or incorrect details

    Lenders verify the information and details that you put in your application. Therefore, if they find inconsistencies, they may reject you. Be vigilant and make sure that you always tell the truth.

  • Other debts

    A lender will look into any other debts that you are currently holding. If there are too many, they may find cause to reject your application. If your need for a loan isn't pressing and you still have other outstanding debts, it might be worth taking the time to pay some of them off before applying for more finance. This will make it easier to get your application approved when you do make one. It will also make another loan easier on your finances.

3 steps to get a loan approved

Getting your personal loan approved should not be a hassle or a nightmare. Applicants can do the following to improve their chances:

  1. Compare a range of loans and lenders to find one that is affordable and that you meet the eligibility criteria for.
  2. Get all your supporting documents in order i.e bank statements, identification and anything else the institution requires.
  3. Complete your application, being as thorough as possible and providing as much information as requested.

Things to consider before applying for a personal loan

We've included some factors that you should consider when making your comparisons between different lenders before submitting an application:

  • What is the actual approval period?

    With some loans, you can apply online and get approved instantly as long as you have a good credit rating and can provide proof of income. There are many lenders offering instant cash online within less than 24 hours. This allows you to access quick cash without having to wait for long periods before being approved. If you need a loan quickly, it might make more sense to go for a lender with a straightforward and quick approval period. Just make sure that you meet the eligibility criteria.

  • Is the loan secured or unsecured?

    Depending on your preferences and availability of collateral, you can opt for an unsecured or a secured loan. With a secured easy approval loan you are required to pledge collateral against your loan as security in case you are unable to pay. Collateral could be a property deed, a guarantor or even the item you wish to use the money to finance. An unsecured loan does not require you to provide any security, but your credit rating has to be good due to the extra risk the lender takes on.

  • What are the interest rates associated with the loan?

    Personal loan lenders usually personalise their rates depending on the financial circumstances and credit histories of the borrower. Factors such as asset ownership may also be taken into account. A lender's advertised rate is usually the lowest rate that that particular lender offers. Qualification for this rate may come with strict criteria and require an excellent credit score and high income. Shop around for a competitive rate and if your credit rating isn't perfect, perhaps take some steps to improve it before applying.

Things to consider when filling out an application

  • Avoid multiple applications. Creditors will list applications on your credit file every time you apply for a loan. Too many applications in a short space of time can have a negative impact on your credit rating and act as a red flag to future potential lenders.
  • Check your credit report. You should keep monitoring your credit file in order to ensure the information is up to date. You can take steps to remove outdated data, erroneous entries or other irrelevant information. Checking your credit file is free.
  • Keep your credit record clean. If you have outstanding debts, make sure that you meet your repayments on time and don't default on any payments. Always keep track of your financials and don't take on any extra credit that you can't cope with comfortably.

Eligibility criteria

All loan applicants will be subject to the eligibility criteria set out by the individual lender. It is important to read this carefully prior to submitting an application in order to determine whether you are eligible. It is also important to consider the costs and decide whether you can afford the loan comfortably. Basic eligibility criteria for personal loans requires applicants to:

  • Be above the age of 18
  • Be an Australian citizen permanently residing in Australia
  • Have a good credit rating
  • Be able to provide proof of income
  • Provide information of any assets owner (if any)

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Personal Loan Offers

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

You'll receive a fixed rate between 5.35% p.a. and 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 ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.

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2 Responses

    Default Gravatar
    EmmaJuly 21, 2015

    Is it alright if I borrow ..

      Default Gravatar
      BelindaJuly 23, 2015

      Hi Emma,

      Thanks for your enquiry.

      Please note that lenders have different eligibility criteria for personal loans, but ultimately they will assess your ability to service the loan with your income sources.

      If you’d like to apply for one of the above personal loans, simply click ‘go to site’ and you’ll be redirected to the application page where you can complete the process online.

      Thanks,
      Belinda

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