How much can I borrow with a personal loan?

You may be able to borrow up to $200,000, but this depends on the lender, your income, credit score and the type of loan you need

Elizabeth Barry's headshot

By

Elizabeth Barry

Updated

Fact checked
4.6 based on 833 reviews

Key takeaways

  • Unsecured loans range from around $50,000 up to $200,000, while secured loans often go beyond $100,000.
  • Improve your credit score and reduce debt to increase your potential personal loan amount.
  • Beyond the maximum amount, compare interest rates, fees and loan terms for the best deal.

What's the maximum you can borrow with a personal loan?

The maximum amount you can borrow for a personal loan depends on how the lender determines your borrowing power and your ability to repay the loan.

This varies a lot by lender. Unsecured loans typically cap around $50,000, but some go up to $100,000 or as high as $200,000. Secured loans commonly go up to $100,000.

Sometimes though, the maximum you are approved to borrow is more than you would be comfortable with repaying. Use the calculator below to work out how much you could realistically afford to borrow with how much it would cost to repay.

Compare personal loans

15 of 234 results
Checked 18 October 2026
Interest rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Interest Rate (p.a.)
5.95%
to 26.95%
Comp. Rate (p.a.)
5.95%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$911.98
Borrow up to $50,000 for any worthwhile purchase and pay no establishment or ongoing fees without providing collateral. You can also benefit from a more competitive interest rate if you have a strong credit score.
Go to site View details
Compare product selection
Interest Rate (p.a.)
6.99%
to 24.49%
Comp. Rate (p.a.)
6.99%
to 25.32%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$926.18
Limited Time Offer: Apply in-app and access your funds in minutes if approved. New User Offer: Get a A$50 cash reward when you make your first repayment within 90 days of joining Revolut. Offer ends 31 Dec 2026. T&Cs apply.
Eligibility: Must be an Australian/NZ citizen or permanent resident, employed for 3+ months, earning at least $2,000/month, with a recommended Equifax credit score of 500+.
Go to site View details
Compare product selection
Interest Rate (p.a.)
5.95%
to 18.99%
Comp. Rate (p.a.)
5.95%
to 21.78%
Application Fee
$0
min.
Monthly Fee
$0
Monthly Repayment
$911.98
Finder exclusive: Receive a $100 eGift Card if you have Excellent Credit (as determined by OMM’s credit assessment and scorecard), apply via Finder by 31 October 2026, and settle by 15 November 2026. For loans between $20,000 and $100,000 only. T&Cs apply.
Eligibility: Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k, and must be an Australian citizen or permanent resident.
Go to site View details
Compare product selection
Harmoney logo
Harmoney Unsecured Personal Loan
Fixed3 - 7 Years $2,000 - $100,000
Interest Rate (p.a.)
5.94%
to 24.03%
Comp. Rate (p.a.)
5.94%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$929.32
Go to site View details
Compare product selection
OurMoneyMarket logo
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000)
Fixed1 - 7 Years $5,000 - $100,000
Interest Rate (p.a.)
5.95%
to 18.99%
Comp. Rate (p.a.)
5.95%
to 21.78%
Application Fee
$0
min.
Monthly Fee
$0
Monthly Repayment
$911.98
No monthly or early exit fees. Loan amounts range from $5,000 to $75,000, and up to $100,000 for home improvement projects and motor vehicles.

Eligibility: Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k, and must be an Australian citizen or permanent resident.
Go to site View details
Compare product selection
Latitude logo
Latitude Variable Rate Unsecured Personal Loan
Variable2 - 7 Years $5,000 - $200,000
Interest Rate (p.a.)
9.99%
to 29.39%
Comp. Rate (p.a.)
11.10%
to 30.29%
Application Fee
$0
Monthly Fee
$16.50
Monthly Repayment
$984.37
$395 establishment fee waived for approved personal loan applications for a limited time. Latitude may withdraw the offer at any time. T&Cs apply.
Go to site View details
Compare product selection
NAB logo
NAB Unsecured Fixed Rate Personal Loan
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
7.50%
to 22.00%
Comp. Rate (p.a.)
8.54%
to 22.88%
Application Fee
$0
Monthly Fee
$15
Monthly Repayment
$948.19
$250 application fee is waived for valid applications started from 8 October 2026 until 3 December 2026. Applications must be completed within 30 days. T&Cs apply.
Go to site View details
Compare product selection
NAB logo
NAB Unsecured Variable Rate Personal Loan
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
7.50%
to 22.00%
Comp. Rate (p.a.)
8.54%
to 22.88%
Application Fee
$0
Monthly Fee
$15
Monthly Repayment
$948.19
$250 application fee is waived for valid applications started from 8 October 2026 until 3 December 2026. Applications must be completed within 30 days. T&Cs apply.
Go to site View details
Compare product selection
ING logo
ING Personal Loan
Most LovedFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.19%
to 19.99%
Comp. Rate (p.a.)
7.03%
to 20.78%
Application Fee
$199
Monthly Fee
$8
Monthly Repayment
$929.31
No early repayment fees and same-day funding for existing ING customers.

Eligibility: Applicants must be 18+, Australian/ NZ citizen or permanent resident of Australia, and earning at least $36,000 a year (before tax) with PAYG payslips.
Go to site View details
Compare product selection
Latitude logo
Latitude Fixed Rate Unsecured Personal Loan
Fixed2 - 7 Years $5,000 - $200,000
Interest Rate (p.a.)
9.99%
to 29.39%
Comp. Rate (p.a.)
11.10%
to 30.29%
Application Fee
$0
Monthly Fee
$16.50
Monthly Repayment
$984.37
$395 establishment fee waived for approved personal loan applications for a limited time. Latitude may withdraw the offer at any time. T&Cs apply.
Go to site View details
Compare product selection
Jacaranda Finance logo
Jacaranda Finance Unsecured Personal Loan
Fixed25 Months $3,000 - $10,000
Interest Rate (p.a.)
27.95%
to 29.95%
Comp. Rate (p.a.)
44.50%
to 46.50%
Application Fee
$13.50 - $950
Monthly Fee
$26
Monthly Repayment
$1,305.37
Go to site View details
Compare product selection
OurMoneyMarket logo
OurMoneyMarket Unsecured Low-Rate Personal Loan ($20,000-$100,000) - Excellent Credit
ExclusiveVariable1 - 7 Years $20,000 - $100,000
Interest Rate (p.a.)
5.95%
to 5.95%
Comp. Rate (p.a.)
5.95%
to 5.95%
Application Fee
$0
min.
Monthly Fee
$0
Monthly Repayment
$911.98
Finder exclusive: Receive a $100 eGift Card if you have Excellent Credit (as determined by OMM’s credit assessment and scorecard), apply via Finder by 31 October 2026, and settle by 15 November 2026. For loans between $20,000 and $100,000 only. T&Cs apply.
Eligibility: Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k, and must be an Australian citizen or permanent resident.
Go to site View details
Compare product selection
Latitude logo
Latitude Fixed Rate Secured Personal Loan
Variable2 - 7 Years $5,000 - $200,000
Interest Rate (p.a.)
8.99%
to 28.39%
Comp. Rate (p.a.)
10.67%
to 29.97%
Application Fee
$0
Monthly Fee
$16.50
Monthly Repayment
$970.35
$395 establishment fee waived for approved personal loan applications for a limited time. Latitude may withdraw the offer at any time. T&Cs apply.
Go to site View details
Compare product selection
Fair Go Finance logo
Fair Go Finance Medium Loan
Fixed6 Months - 2 Years $2,001 - $5,000
Interest Rate (p.a.)
29.90%
to 59.20%
Comp. Rate (p.a.)
47%
to 64.99%
Application Fee
$400
Monthly Fee
$18
Monthly Repayment
$1,306.86
Go to site View details
Compare product selection
Latitude logo
Latitude Variable Rate Secured Personal Loan
Variable2 - 7 Years $5,000 - $200,000
Interest Rate (p.a.)
8.99%
to 28.39%
Comp. Rate (p.a.)
10.67%
to 29.97%
Application Fee
$0
Monthly Fee
$16.50
Monthly Repayment
$970.35
$395 establishment fee waived for approved personal loan applications for a limited time. Latitude may withdraw the offer at any time. T&Cs apply.
Go to site View details
Compare product selection
loading
Showing 15 of 16 results

What determines how much you can borrow with a personal loan?

Lenders consider several key pieces of information when approving your loan amount:

  • Your loan purpose. If you're applying for a loan to borrow a car, the loan amount will be tied to the car's value. If you're applying for a personal loan to consolidate debt, this will also be tied to how much debt you have. Lenders will also consider how risky the loan purpose is. For example, taking out a loan to go on holiday is riskier than buying a car.
  • Your income and financials. Your ability to afford the repayments is determined by how much you earn and your current outgoings, such as expenses and other debt commitments. You will need to provide information about these, as well as financial statements. The lender will also check your credit report.
  • Debt-to-income ratio. If you already have a significant amount of debt, a lender may see you as a liability and will be less likely to lend money to you. Try paying down your existing debts before taking out another loan if you think this might be an issue.

How can I get the loan amount I need?

When you need to borrow a large amount, there are no guarantees that you’ll get the funds you’re looking for. However, following some of these tips may help you score the loan amount you need.

  • Improve your credit score. Putting yourself in a better credit position and proving yourself as a reliable borrower may help convince lenders to approve you for a higher loan amount.
  • Reduce your debt. Paying down your existing debts will lower your expenses and show that you can afford to take out a new loan.
  • Consider offering security. A secured personal loan, where you secure the loan with a car or asset such as a term deposit, can help improve your chances of being approved for the loan amount you need.

How much does a personal loan cost?

The average Australian borrower could pay from $135 per month in personal loan repayments.
  • The average personal loan balance in Australia is $7,003, according to Finder's consumer sentiment tracker.
  • Lowest unsecured personal loan rate is 5.76% and the lowest secured rate is 5.67%.
  • Average unsecured personal loan rate in Finder's database is 10.32%.
  • Assuming you had a balance of $7,003 and you were paying the lowest rate available your repayments would be $135 per month over 5 years.
  • If we were to assume you were paying the average rate in Finder's database your repayments would be $150 per month over 5 years.
Data is correct as of 1 April 2026. This savings example is a hypothetical estimate only. Interest rates will depend on your personal circumstances and the lender's borrowing assessment, so the rate used may not reflect your own costs.
Rebecca Pike
Market update by Rebecca Pike – Finder's editor, money

What's the difference between secured vs unsecured personal loans?

It's likely that you'll be able to borrow more money by taking out a secured personal. That's when you use existing property (like your car or your house) as collateral against your loan. If you can't make your repayments, the lender will take the property and sell it to recoup the costs.

You'll see a difference in the interest rates depending on whether the loan is secured or unsecured, because the lender will charge a higher rate if there's a higher risk of them losing money.

The average unsecured rate on the market at the moment is 10.49% and the average secured rate is 9.62%.

On a $10,000 personal loan the unsecured rate would cost $215 a month for a 5 year term. The same loan with the lower secured rate would cost you $211 a month.

But very often the difference can be much bigger, so be sure to get a quote and then calculate your repayments when working out what you can borrow.

How to compare lenders beyond the maximum loan amount offered

When comparing personal loans, it's important not to just focus on the maximum amount that you are able to apply for. There’s a lot more to a loan. Keep these factors in mind when comparing your options:

  • Eligibility criteria. Do you meet the loan's eligibility criteria? Does your credit score meet the lender's requirements for the maximum? Can you offer loan security? If these aren't the case, then you probably won't be able to qualify for the maximum loan amount, so ensure these before applying.
  • Interest rate. Check if the personal loan rate is fixed or variable and make sure it is competitive when you compare it with other similar loans.
  • Fees and other charges. Look for upfront fees such as establishment or application fees, as well as ongoing fees like monthly or annual fees. The personal loan comparison rates will give you an idea of the true cost of the loan, as it incorporates the interest rate and the mandatory fees you will be charged. Don't forget to also check out default and late payment fees, to ensure that they're not excessive, if you ever do miss a payment.
  • Loan terms. You'll generally find loan terms of between one and seven years for both variable rate and fixed rate personal loans. You can use a personal loan repayment calculator to ensure the loan terms you select will leave you with repayments you can afford.

Why compare personal loans with Finder?

freeAddicted to details. We know taking out a personal loan is something you'll be hooked up with for a while. That's why we put hours into research for this guide (and still do at least once a month)
expert adviceRates obsessed. Lenders come in all shapes and sizes, that's why we don't just track the big banks, but all the digi folk too. Pretty much everyone but your parents to be honest.
independentCash for whatever you need. Lending rates verified from 180+ products day and night. Whether you're buying a car, rennovating your home or heck just ready to let loose with the spending - we got you.

Frequently asked questions about how much you can borrow with a personal loan

Sources

Elizabeth Barry's headshot
Journalist
Add to Preferred Sources

Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio

Elizabeth's expertise
Elizabeth has written 155 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing
More resources on Finder

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

More guides on Finder

Go to site
Interest rates from 100+ lenders in seconds