Personal loan rate roundup: Which lenders have moved rates?

Elizabeth Barry 23 May 2017

changing personal loan rates

These are the lenders hiking up their rates...or making them more competitive.

Personal loan rates can be tricky. They generally don't move in line with the monthly RBA cash rate announcement, which can make it hard to know when lenders are going to adjust their rates. If you're thinking of getting a personal loan it will be helpful to know the lenders that have recently moved their rates, either up or down.

To make this easier, we've scoured our rate movements for the last two months to show you the increases and decreases across unsecured personal loans and car loans.

Increase or Decrease?BrandLoanDate changedOld rateNew rateLearn more

Increase

Latitude FinancialLow Rate Personal Loan1 May9.99% p.a.10.99% p.a.Latitude Low Rate Personal Loan

Decrease

MoneyPlacePeer-to-Peer loan20 April8.9% p.a.7.9% p.a.MoneyPlace Unsecured Personal Loan

Decrease

NRMAUsed Car Loan28 April8.99% p.a.8.49% p.a.NRMA Used Car Loan

Decrease

NRMANew Car Loan28 April7.99% p.a.7.49% p.a.NRMA New Car Loan

Increase

RACVPersonal Loan31 March7.99% p.a.8.99% p.a.RACV Personal Loan

Decrease

RACVCar Loan16 May7.99% p.a.7.49% p.a.RACV New Car Loan

Decrease

RateSetterPersonal Loan24 April8.86% p.a.8.46% p.a.RateSetter Personal Loan

Picture: Shutterstock

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