Compare Personal Loans

Find and compare personal loans from $3,000 to $100,000 from a range of lenders

Personal Loan Finder™ is a 100% free and Australian-owned service that lets you find the right financing for you. Sort through your personal loan options from banks and different lenders. You can also read the guide for more information on personal loans.

NAB Fixed Rate Unsecured Personal Loan

NAB Personal Loan Unsecured Fixed


11.99 % p.a.

fixed rate


12.87 % p.a.

comparison rate

  • Additional repayments without penalty
  • No early exit fees
  • Borrow up to $55,000
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NAB Fixed Rate Unsecured Personal Loan

The NAB Fixed Rate Unsecured Personal Loan is a low rate offering that allows you access to a redraw facility.

  • Interest rate from: 11.99% p.a.
  • Comparison rate: 12.87% p.a.
  • Interest rate type: Fixed
  • Application fee: $150
  • Minimum loan amount: $5,000
  • Maximum loan amount: $55,000
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Compare personal loans

Rates last updated February 24th, 2018
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
NAB Personal Loan Unsecured Fixed
11.99% (fixed)
1 to 7 years
An unsecured personal loan with a competitive fixed rate that you can make additional repayments to without penalty. Note: You must have held a NAB credit card or transaction account for at least 6 months before applying.
HSBC Personal Loan
From 9.5% (fixed)
1 to 5 years
A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.50% p.a. to 15.99% p.a. based on your credit history.
Citi Personal Loan Plus
9.99% (variable)
3 to 5 years
Borrow up to $75,000 to use for a range of purposes. Competitive rate of 9.99% p.a. available to all approved applicants.
SocietyOne Unsecured Personal Loan
From 7.5% (fixed)
2 to 5 years
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.5% and 20.14% with a SocietyOne personal loan. Apply before 31 March 2018 to earn 2 Velocity Points for every $1 you borrow.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
3 to 5 years
$500 (Upfront fee)
Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a. based on your credit history.
Pepper Money Unsecured Fixed Rate Personal Loan
From 9.99% (fixed)
1 to 7 years
Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.49% p.a. The rate you are approved for depends on individual circumstances.
Heritage Bank Standard Personal Loan
From 10.94% (fixed)
1 to 5 years
A competitive personal loan available up to $50,000.
NOW FINANCE Personal Loans
From 8.95% (fixed)
1.5 to 7 years
$395 (Based on $10,000)
Get rewarded with a low interest rate for your good credit history. Rates from 8.95% p.a. to 18.95% p.a. depending on your credit score.
Westpac Unsecured Personal Loan
From 12.99% (fixed)
1 to 7 years
Borrow up to $50,000 for a term of up to 7 years with this unsecured loan. Apply before 28 February 2018 for a 1% p.a. interest rate discount. Conditions apply.
Latitude Personal Loan (Unsecured)
From 13.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your account in as little as 24 hours. If you have an Unsecured Personal Loan with any Big Four bank, Latitude will beat your rate by 1% p.a. Offer ends 18 March 2018
MyState Unsecured Personal Loan
From 12.99% (variable)
1 to 7 years
Apply for up to $50,000 and make additional repayments at any time without penalty.
RACQ Unsecured Personal Loan
12.95% (variable)
5 years
Apply for up to $60,000 to use for a variety of purposes end enjoy no penalty for early repayment. Note: You must be a QLD resident to apply.
St.George Unsecured Personal Loan - Fixed Rate
From 12.99% (fixed)
1 to 5 years
$0 (On new loan applications before 28th February 2018.)
Convenient redraw facility and flexible personal loan repayment options with a competitive interest rate. Apply before 28 Feb 2018 for a $0 application fee. Conditions apply.
NAB Personal Loan Unsecured Variable Rate
15.69% (variable)
1 to 7 years
An unsecured loan up to $55,000 that you can repay early without penalty. Note: You must have held a NAB credit card or transaction account for at least 6 months before applying.
ANZ Fixed Rate Personal Loan
From 10.99% (fixed)
1 to 7 years
Apply for up to $50,000 to use however you choose and benefit from a competitive fixed rate.

Compare up to 4 providers's personal loans comparison

Compare the features and decide if one of these personal loans is right for you:

What do you want to learn about?

Finding the right personal loan

Learn about:

  • How a personal loan works
  • How to choose a personal loan
  • What types of personal loans are available

How do personal loans actually work?

A personal loan is a secured or unsecured line of credit up to $100,000 over five or seven years. You can use the money for a range of purposes, such as buying a car, consolidating debt, paying for a wedding or even taking a holiday. Personal loans are an agreement between you and a lender for you to have a certain amount of money and pay it back over time. Here is how personal loans work:

  • Application and approval. You can apply for a personal loan from a bank, credit union or standalone lender online, over the phone or in-branch, depending on what application types the lender offers. The time it takes to be approved depends on the lender, but it can range from anywhere between 60 second to a week or two.
  • Loan contract. When you are approved for a loan you will need to agree to a loan contract that sets out certain terms. These terms include long you'll have to repay the loan, what fees you'll need to cover, and the rate of interest you'll be charged on your loan amount.
  • Loan terms. Your loan terms will be set out in your loan contract. Generally, loan terms range between one and seven years.
  • Loan costs. Lenders agree to lend you money in exchange for interest, which is charged annually. This interest can be fixed or variable. Other loan costs include establishment fees, monthly fees and annual fees. You should also check if you will be charged fees for repaying your loan early or making additional repayments.
  • Loan types. There is a wide variety of personal loans available in the market, with each one coming with a set of terms and restrictions. For instance, when you apply for a car loan the lender often requires that the entire loan amount be used for your car purchase. The car is also often required to be used as security in case you default on the loan. An unsecured personal loan, on the other hand, is less restrictive and you can use the loan amount in almost any way you choose.

How do I go about choosing a personal loan?

How to choose a personal loan

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The types of personal loans that are available to you

There is a wide range of personal loans available in Australia to those who have stellar credit, average credit or bad credit. Find out what loan may work for you with the below options.

How to make a personal loan comparison

Learn about:
  • What makes a personal loan competitive
  • The interest rate and fees to expect
  • Working out your borrowing power

Features of personal loans: What makes a loan competitive?

When comparing your personal loan options, it's helpful to keep in mind the range of features that are available with these loans. When comparing, here are some of the questions you'll need to ask.

  • Does the loan have a competitive interest rate? Rates on personal loans will be either fixed or variable. Compare rates across similar loan products to ensure you're getting the best deal.
  • What are the fees and charges? You'll need to consider both ongoing fees and fees charged at the onset of the loan. Common fees include an application fee or loan set-up fee, while monthly fees and annual fees are common ongoing fees. You may also be charged to use additional features of the loan.
  • Is there repayment flexibility? How often are you able to make repayments? Are you able to make additional repayments or pay off the loan early without penalty?
  • Do the loan terms match your needs? Personal loans are usually offered for terms of between one and seven years, with other loans on offer for shorter time periods. Some lenders are more restrictive than others when it comes to how long you have to repay your loan – for instance, only offering terms of one, three or five years. Make sure the loan terms on offer are what you need. Long term loans over seven years often see lower repayments but a greater amount of interest paid.

The interest rates and fees to expect on personal loans.

The interest rate and fees you are charged depend on the loan you apply with (you can compare these on the table above), but each loan type comes with similar costs, and understanding these can help you compare personal loan options. The interest rate Your interest rate will either be fixed or variable. Car loans tend to come with fixed rates while unsecured loans offer both, but you will find a mix of variable and fixed rates within each loan type. Variable rate loans mean the loan is more flexible and comes with longer loan terms, but fixed rate loans usually come with restrictions, such as not allowing you to make extra repayments. Fixed rate loans also come with shorter terms, usually up to five years.

The fees

There are three types of fees you should expect: Upfront fees (establishment fees, application fees), ongoing fees (monthly, annual or direct debit fees) and fees that are charged if you default on the loan or miss a repayment.

What will my monthly repayments be on my new personal loan?

To get an estimate of your borrowing power, input your loan amounts into the personal loan calculator in the comparison tables above and you'll see what monthly repayments will approximately be.

How to get the right loan for you


Your borrowing power

Applying and being approved for a personal loan

Learn about:

  • Who is eligible for a personal loan?
  • Documents you need for your application
  • How to improve your chances of being approved
  • The application process

Who is actually eligible for a personal loan?

Eligibility for personal loans depends on a few different things:

  • If you have a low income. Applicants with low incomes can still be approved for personal loans. It's always a good idea to check the borrowing requirements and check your repayments with a calculator.
  • If you receive Centrelink payments. If you're receiving the pension, Centrelink payments or other benefits, you can still be eligible. It's important to make sure you can meet the repayments before applying.
  • If you have bad credit. You're still able to apply for certain personal loans if you have negative marks on your credit file. Bad credit loans are still possible. You might end up paying a higher interest rate on these loans, so it's important to compare a range of offers before applying.
  • If you have existing credit card or personal loan debt. You may still be approved for a new personal loan if this is the case, but you should calculate your repayments and your debt levels before continuing.
  • If you don't meet the minimum requirements. You still might be able to apply with a guarantor. This is where someone, usually a family member such as a parent, agrees to 'guarantee' your personal loan should you fail to meet your obligations.

But I'm a temporary resident on a 457 visa - can I still get a loan?

Did you know that you could still get your personal loan approved if you hold a visa but many of the big banks wont lend to you. If you are researching institutions that might lend to you on your temporary resident 457 visa, then it's best practice to go in armed with as much knowledge as possible. Find out what banks could offer you a loan, what the criteria is and how you can maximise your chance of being approved.

What documents will I need when applying for a loan?

Each bank and institution have their own criteria that you will have to meet to finalise your loan application.

How can I improve my chances of the loan being approved?

There is no way to guarantee you're approved for a personal loan, but giving yourself the best chance at being approved starts with meeting the eligibility criteria set by the lender. To further your chances of being approved, keep the following in mind:

  • Establish your borrowing capacity. What repayments can you afford? Lenders will use a variety of criteria to decide how much you're eligible to borrow, but you need to know how much you can afford to repay.
  • Building good banking history. Keep your account in good standing to build a positive relationship with your bank, even if you don't plan on borrowing from them.
  • Keep your credit rating in good standing. Make sure you keep track of all your payments, from credit cards to utility bills, because any arrears, debts, or missed payments will affect your ability to access credit.
  • Keep track of your saving goals. If you manage to contribute to your savings regularly, it shows lenders that you are likely to manage ongoing loan repayments.

How to apply for a personal loan

  1. Get ready to make your purchase. Make sure you know how much you want to borrow and have worked out that you can meet the repayments.
  2. Choose a secured or unsecured loan. If you already own as asset or are looking to buy one, then a secured loan may be an option. If not, you may want to consider your unsecured personal loan options.
  3. Decide between a fixed or variable rate. A fixed rate loan means your repayments are set for the life of the loan and can't fluctuate, whereas a variable rate loan can increase or decrease your repayments over the life of the loan.
  4. Choose your terms. A calculator can help you work out your repayments.
  5. Start your personal loan research and comparison. This is an important step to finding the best loan option for you.
  6. Click through and apply. Once you find the loan you want to apply for, simply click 'Go to Site' to apply.

Why is there an interest rate and a comparison rate?

Due to Australian laws and regulations companies must display an interest rate and a rate that is inclusive of fees and charges. This is called a comparison rate and is a crucial tool when comparing loans. For example, if a personal loan has the interest rate of 12.45% p.a but a comparison rate of 14.52% p.a. it would indicate there is a range of fees included in the loan. If the loan has an interest rate of 10.13% p.a and the exact same comparison rate, then this indicates that there are no fees included in the loan. For a detailed view, read our guide to personal loan comparison rates.

The questions we've been asked about personal loans

Personal Loan Offers

Important Information*
Harmoney Unsecured Personal Loan

Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a. based on your credit history.

SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.14% with a SocietyOne personal loan. Apply before 31 March 2018 to earn 2 Velocity Points for every $1 you borrow.

Pepper Money Unsecured Fixed Rate Personal Loan

Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.49% p.a. The rate you are approved for depends on individual circumstances.

NAB Personal Loan Unsecured Fixed

An unsecured personal loan with a competitive fixed rate that you can make additional repayments to without penalty. Note: You must have held a NAB credit card or transaction account for at least 6 months before applying.

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83 Responses

  1. Default Gravatar
    HenryJanuary 18, 2018

    I recently applied for a 26k personal loan and was rejected. Not because of my credit rating but because My credit card was maxed out at 4500 and my bank statements showed I was spending all of my pay (on un nessasry things) every week

    I want to re apply for a personal loan again through another bank. My aim is to allocate 600 a week on building savings and paying off the card, for 8 weeks before I apply. But I dont know if it would be best to show a record of savings on my bank statement or show I have a lower debt on my credit card. What has a bigger impact on the lenders?

    • Staff
      RenchJanuary 19, 2018Staff

      Hi Henry,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      There are a few different ways you can pay down credit card debt. You could continue making repayments on your current credit card or you could apply for a new product to save interest, such as a personal loan or a balance transfer credit card.

      You can get helpful information on these pages and compare your options for loans:

      Before applying for any loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      Best regards,

  2. Default Gravatar
    JacciOctober 4, 2017

    Hi My partners house settlement is going through but could take a year to get his money. He has a bad credit record due to his ex wife. He has changed jobs a week ago to a part time job so no payslips. We need $10K for a partner visa in a few weeks time otherwise we have to give up our lives and move to the UK. I am unable to work on my Visa but when I apply for the visa I have a job lined up so I can pay a repayment of $1000 a month. He knows his ex wife won’t agree to any loan against the house. Can you recommend a loan please ?
    Many Many thanks

    • Default Gravatar
      GruOctober 5, 2017

      Hello Jacci,

      Thank you for your query.
      Please note that finder is a comparison website and general information service.
      As we do not represent any of the companies featured on our pages, I can only offer you general advice. You would still have to make that decision yourself.

      This page may be helpful:
      Low-Doc Loans

      Hope this helps.


  3. Default Gravatar
    November 4, 2016

    I need a personal loan of$26,000 lm on a carers pension and I am 65years old and I have very good credit how much a month would l have to pay and I be able to get the loan and who would be good to get the loan from.

    • Staff
      LouNovember 8, 2016Staff

      Hi Liz,

      Thanks for your question.

      Please note that we are a financial comparison and information service. We are unable to make recommendations to our users.

      If you are on a pension, the lenders on this page may consider you for a loan. Once you have selected a particular lender, please click on its name to view its review page. From there, you can check the loan products that are available to you including their feature and eligibility criteria to apply.

      The monthly repayment will depend on your interest rate and loan term.


  4. Default Gravatar
    JulieSeptember 30, 2016

    $16,000 unsecured loan.
    Is there a cooling off period or 1 – 2 days?

    • Staff
      ElizabethSeptember 30, 2016Staff

      hi Julie,

      This depends on the lender you apply with. Lenders usually do not offer cooling off periods but you can find some lenders, for example car lenders, that offer a 30-day back guarantee with your loan. For example, RACQ offers a 21-day guarantee on its loans.

      You’ll need to confirm with the lender you’re applying with to see if such an agreement exists.

      Hope this helps,


  5. Default Gravatar
    June 18, 2016

    I own a house divided into 2 flats with an income from one of $330 per week . can I get a line of credit and if so how much.
    Thank you

    • Staff
      MattJuly 6, 2016Staff

      Hi Rene,

      Thanks for your comment. Each lender will set out their criteria separately and it’s always important to make sure you meet the eligibility before apply.

      You can check out a comparison of line of credit loans here.

      I hope this has helped.


  6. Default Gravatar
    SilasApril 21, 2016

    I’m from Papua New Guinea and I like to get a loan to start my business. Will it be possible to loan me the money? I will repay you back as in time using my Visa debit card.

    • Staff
      ElizabethApril 22, 2016Staff

      Hi Silas,

      Unfortunately as an Australian financial comparison service the lenders on this page can only consider you for a loan if you’re currently residing in Australia. You’ll need to find a lender in Papua New Guinea to find a business loan.

      Sorry I couldn’t be of more assistance,


  7. Default Gravatar
    April 15, 2016

    When using a motor vehicle for a secure loan, who and how decide on the value?
    I paid $25k for it 2yrs brand new and spent another $12k on modified improvements. It’s got very low km’s for it age too. Is all that considered?

    • Staff
      ElizabethApril 18, 2016Staff

      Hi Toby,

      Thanks for your question.

      The lender determines this value based on the market value of the vehicle – the lender needs to be sure it can get its money back should it need to sell the vehicle if you default on the loan. This valuation comes down to the lenders discretion and could be a mix of factors, it’s up to the lender’s discretion. The vehicle’s age and kilometres travelled, however, are likely to be considered as these contribute to the value of the car.

      Hope this has helped.


  8. Default Gravatar
    March 22, 2016

    hi i want to borrow $80,000 but i have been rejected by the bank as i have a default on my credit so where else would it be possible for me.

    • Staff
      ElizabethMarch 23, 2016Staff

      Hi Vicki,

      Unfortunately I can’t suggest any specific lenders to you. We don’t currently have any bad credit lenders available for comparison offering loans for this amount. One option you have is to wait for the default to be removed from your file. As the credit enquiries you have recently made will also be listed you may want to wait to apply with any lenders as this can be a red flag. Applying with your current bank is also an option if you have a good relationship with them.

      Hope this information will be of use,


  9. Default Gravatar
    badenJanuary 23, 2016

    want to borrow $195,000.–

    • Staff
      ElizabethJanuary 25, 2016Staff

      Hi Baden,

      The maximum you can borrow through an unsecured personal loan is generally about $55,000. If you wanted to take out a car loan you may be able to borrow more depending on the cost of your car and your eligibility. However, I’m unaware of any lenders that offer personal loans of that amount.

      Sorry I couldn’t be of more assistance.



  10. Default Gravatar
    andisiweDecember 10, 2015

    i want to ask im apply aloan on 4th of dicember until now id’nt get my approval why its take so long?

    • Staff
      ElizabethDecember 11, 2015Staff

      Hi Andisiwe,

      Thanks for your question.

      Different lenders take different amounts of time to process loans. Some lenders can process them on the same day while others can take a week or two because the information and documents you provide are processed manually. If you apply online lenders usually give you a tracking number so you can track the progress of your application, you usually also have the option of calling up and seeing how your application is coming along as well.

      If you have further questions about your personal loan account you can get in touch with the lender you applied with.



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