Personal loan rate roundup: Which lenders have moved rates?

Elizabeth Barry 23 May 2017 NEWS

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? Brand Loan Date changed Old rate New rate Learn more

Increase

Latitude Financial Low Rate Personal Loan 1 May 9.99% p.a. 10.99% p.a. Latitude Low Rate Personal Loan

Decrease

MoneyPlace Peer-to-Peer loan 20 April 8.9% p.a. 7.9% p.a. MoneyPlace Unsecured Personal Loan

Decrease

NRMA Used Car Loan 28 April 8.99% p.a. 8.49% p.a. NRMA Used Car Loan

Decrease

NRMA New Car Loan 28 April 7.99% p.a. 7.49% p.a. NRMA New Car Loan

Increase

RACV Personal Loan 31 March 7.99% p.a. 8.99% p.a. RACV Personal Loan

Decrease

RACV Car Loan 16 May 7.99% p.a. 7.49% p.a. RACV New Car Loan

Decrease

RateSetter Personal Loan 24 April 8.86% p.a. 8.46% p.a. RateSetter Personal Loan

Picture: Shutterstock

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