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Online loans

For a simple application and to receive your funds quickly, apply for your personal loan online.

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Fact checked
Finding and applying for a personal loan online can make the process much quicker. Online applications can simplify the borrowing process and it's easier to compare all of your loan options when they're online.

Find out what's involved with the online loan process in this guide.

Harmoney Unsecured Personal Loan

Harmoney Unsecured Personal Loan

From

6.99 % p.a.

fixed rate

From

7.79 % p.a.

comparison rate

  • Borrow up to $50,000
  • 3 and 5 years terms
  • No hidden fees
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100% confidential application

Harmoney Unsecured Personal Loan

An unsecured personal loan up to $50,000. You'll receive a tailored interest rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.

  • Interest rate from: 6.99% p.a.
  • Comparison rate: 7.79% p.a.
  • Interest rate type: Fixed
  • Application fee: $575 ($275 for loans of below $5,000)
  • Minimum loan amount: $2,000
  • Maximum loan amount: $50,000
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Compare a range of online loans

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
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.
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 12.79% 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.
Plenti Variable Rate Personal Loan

From 6.49% (variable)
7.49%
$2,001
1 to 2 years
From $149 to $599
$0
You'll receive a variable rate from 6.49% p.a and 12.79% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
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.
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.
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 personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
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.
Wisr Personal Loan

From 7.95% (fixed)
8.78%
$5,000
3 to 5 years
$595 (Establishment Fee)
$0
You'll receive a fixed rate between 7.95% p.a. and 19.45% 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.
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.
Heritage Bank Fixed Personal Loan
8.99% (fixed)
9.62%
$5,000
1 to 5 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 9.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 5 years.
Heritage Bank Standard Variable Personal Loan
11.99% (variable)
12.61%
$5,000
1 to 10 years
$200
$5
Choose a variable rate loan and receive a 12.61% p.a. comparison rate
Variable rate loans are available from $5,000 - $100,000 on terms of 1 to 10 years.
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 30 September 2020. Terms & conditions apply.
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.
OurMoneyMarket Personal Loan

From 7.99% (fixed)
8.46%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 7.99% p.a. to 25.25% 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.
ING Personal Loan
Finder Award
ING Personal Loan
8.99% (fixed)
9.13%
$5,000
2 to 5 years
$100
$0
You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.
NAB Personal Loan Unsecured Variable Rate

From 9.99% (variable)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a variable 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. Benefit from fee-free additional repayments and a redraw facility. 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 Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
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.
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Compare online loans available on Finder

What are the benefits of an online loan?

Applying for a personal loan online comes with a number of benefits:

  • Fast turnaround. Online lenders can usually approve your loan, and fund it, faster than other lenders. Conditional approval usually takes place within a minute or two and your loan can be funded the same business day.
  • Compare options easily. The right personal loan isn't always the one with the lowest rate. By comparing features, rates and fees online you can find the right loan for you.
  • Track your application. When you apply for a loan online, you're usually given a tracking number so you can see what stage the application is at. If you're not
  • Find exclusive offers. You may find exclusive deals and offers cutting interest rates or dropping fees.

Are online loans are better than loans from branch-only institutions?

Both online loans and loans from bricks-and-mortar lenders have certain benefits.

Online loans

  • Online-only lenders may be able to offer better rates because they have fewer overheads
  • It's more convenient to apply for a personal loan online
  • You can compare online loans side-by-side more easily

Branch-only loans

  • Customer service reps can help you through the loan process
  • If applying with your current bank you may find out about discounts in-branch
  • If the lender has branch locations as well as letting you apply online you have a choice of how to apply

Turnaround time for some popular lenders

LenderTurnaroud time
ANZSame day if approved
Bank Australiawithin 24–48 hours
Bank of Melbourne5-7 working days
BankSA5-7 working days
Beyond Bank4-7 business days
Citibank7-10 business days
CUA3-5 business days
HarmoneyMaximum of 14 days
HSBC1 week
Latitude Financial ServicesNext day or no more than two working days if approved
MoneyPlaceWithin 2 business days of approval
MyState BankWithin 1 business day if you have a good credit
NABSame day
NOW FINANCEWithin 2 business hours
PlentiNext business day
RACQWithin a matter of days.
RACVWithin 24 hours
SocietyOneMinimum 72 hours after applied online
St.George5-7 working days
Westpac3 business days

What types of loans are available online?

There are a variety of personal loans you can apply for online:

How do I find the best online loan?

Comparing the following features can help you narrow down the best loan option for you:

  • Interest rate. This can be fixed or variable, with both offering different advantages and disadvantages. Fixed rate loans can come with more restrictions in terms of additional repayments and repaying the loan early. Variable rate loans don’t have these restrictions, but the rate may change during your loan term.
  • Fees. Costs for online loans can be upfront, in the form of establishment and application fees, or ongoing, in the form of annual or monthly fees. You'll also be charged for late and missed payments as well as defaults. You can check the comparison rate for a better idea of the true cost of the loan.
  • Repayment flexibility. Can you choose the frequency of your repayments? Can you pay monthly, fortnightly or weekly? Can you make additional repayments without penalty? Are you able to repay the loan early without a fee? Check the flexibility of your contract before you apply.
  • Features. Some lenders offer multiple ways to contact customer service, including online chat. You may also get an online account to manage your loan with others and some lenders may offer discounts on other products.

Is it safe to apply for a loan online?

Online loans have become more common and several reputable lenders operate online. Most traditional banks and lenders now offer their loan products online.

There are a few ways to check if online lenders are reputable. First, check that the credit licence is clearly displayed on the site. You can also check contact information and see how easy the lender is to reach.

Look through the details of the loan to make sure there are no hidden fees and charges. By looking at online reviews of the lender or its products, you can check customer satisfaction. Just make sure the reviews are not on the lender's site to ensure they are real.

How do online loan applications work?

Application processes differ between lenders, but generally involve the following factors:

  • Required information. You will need to supply your name as well as your employment and financial situation. This will include your income and your employer's name and details as well as your assets, debts and liabilities.
  • Required documents. Lenders may require bank statements, payslips and other documents to support your application.

Are you eligible for an online loan?

Eligibility criteria will differ depending on the type of loan you apply for. Here is what to keep in mind:

  • Personal loans and car loans. You will generally need to be over the age of 18, employed and earning a steady income over $15,000 p.a. This minimum income may be higher depending on the lender you apply with or how much you apply for. With car loans, your car will also need to meet eligibility criteria. You can find out more about personal loan eligibility criteria here.
  • Short term loans. You will need to be over the age of 18 and earning some sort of income. Lenders have different requirements for Centrelink recipients. It's also important to keep in mind that if you have gambling transactions in the last 90 days of your banking transactions (which you have to give as part of your application) you will not be approved.

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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 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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