Get the Finder app 🥳

Track your credit score


Personal loans with reward points

Find and compare personal loans that will earn you reward points.


We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

As a general rule, personal loans are for personal expenses. These expenses can range from taking a holiday, funding a wedding or just covering the day-to-day costs if there's ever a financial blip.

When you take out a personal loan, you expect to pay out interest and fees, but what if there was a benefit to taking out a loan (besides actually being able to pay for the desired/necessary expense)? There are a number of personal loan lenders on the market that offer rewards points for taking out their loans.

How does a personal loan with reward points work?

A personal loan that offers reward points as a feature is generally a line of credit personal loan. This is because a line of credit personal loan acts similarly to a credit card (where you'd normally find reward point offers). In fact, many line of credit personal loans even have debit cards attached to them. So, like with a credit card, if you draw down from your line of credit, you earn points to spend on things like groceries or travel.

The main difference between a line of credit personal loan and a credit card is that personal loans offer access to higher levels of funding, and they also tend to have lower interest rates.

Where can I find a personal loan with reward points?

Currently, there aren't that many personal loans on the market that offer reward points (though they frequently spring up in the form of various promotional offers). However, a select number of lenders do currently advertise them. These include the following:

Picture not described


  • The Coles personal loan is a revolving line of credit loan that's linked to a Coles Personal Loan Debit Mastercard. You can apply for between $5,000 and $50,000 and choose terms of 3 years, 4 or 5 years.
  • flybuys members can also collect 1x flybuys point for every $1 spent at Coles (terms and conditions apply). That equates to $60 per year off groceries if you redeem those points for dollars-off vouchers, but it could be worth more if you were to convert those points to Velocity points instead.
  • Coles also offers its flybuys members a discounted rate of 9.99% p.a. on its personal loan, whereas non-members receive a rate of 12.99% p.a.
Picture not described

Qudos Bank

  • Qudos Bank currently offers a complimentary Qantas frequent flier membership and a 1,000 Qantas Points deal per annum for every $1,000 of your loan balance. This is credited monthly when you have a Qudos Bank car loan.
  • Qudos Bank offers a 7.59% p.a. interest rate with a comparison rate of 7.8% p.a.

What should you consider before applying?

Before applying for a personal loan with reward points, compare all unsecured personal loans with secured personal loans to make sure that you're getting the best deal for your circumstances.

While a personal loan with reward points might seem like an attractive prospect, it's a good idea to really consider how useful the points will be to you. If you already regularly shop at Coles or fly with Qantas, a personal loan with reward points might save you money in the long run. However, if you don't, you might find that you're actually spending more money with these brands than you would have done in the first place.

After all, reward points are a marketing technique to get you to shop with certain brands more frequently (though that doesn't necessarily make them any less useful).

Woman surrounded by confetti

How can you apply for a personal loan with reward points?

To apply for a personal loan with reward points, click "Go to Site" to submit an application. Eligibility criteria differ from lender to lender, so make sure that you meet all the minimum criteria of that particular lender prior to submitting an application.

You will also need to provide certain information in order to apply. This usually includes personal details such as your name and address and your financial details such as your income, assets and debts. You may also have to add your employer's name and contact details. All loan applicants must be aged 18 or over and be able to enter into a legally binding contract.

Compare personal loans with reward points

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
No items match the given criteria.

Compare up to 4 providers

More guides on finder

  • Brighte Personal Loan

    Looking to renovate your home? Find out more about Brighte's personal loan for home improvements and ways in which it may be able to benefit you.

  • Free Loan Agreement Templates (Australia)

    Learn how to write a loan agreement and find out where you can get free legal templates.

  • Credit cards vs buy now pay later

    Both buy now pay later plans and credit cards give you ways to pay off purchases over time – here's how they compare.

  • Now Finance Secured Personal Loan review

    Get rewarded for an excellent credit score with a Now Finance personalised rate secured personal loan. Rates vary between 5.95% p.a. and 15.45% p.a. Apply today.

  • Alex Personal Loan review

    Alex is a neobank lender specialising in personalised rate personal loans. Find out more about Alex's personal loans and what fees and features are involved.

  • nmoni personal loans review

    nmoni is an Australian lender that offers personal loans to both good and bad credit applicants. Find out more about nmoni's rates, fees and features.

  • Plenti Personal Loans

    Looking for a competitive rate? Plenti offers loans funded by investors with rates that are tailored to your personal circumstances.

  • Personal loans for laptops

    Find out everything you need to know about getting a loan for your laptop purchase, including what's available, if you're eligible and how to compare.

  • Summerland Rewards Credit Card

    The Summerland Rewards credit card includes a balance transfer offer and earns 1 point per $1 spent and automatically converts rewards to cashback on your account every 6 months.

  • Monzi personal loans

    Monzi is a finance broker facilitating borrower and lender contracts Australia-wide. Borrowers looking for between $300 and $10,000 finance may want to consider a Monzi loan.

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.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site