When comparing $10,000 personal loans you should think about the interest rate, fees, loan type and loan term.
Most personal loans come with personalised interest rates based on your credit score.
Choosing a $10,000 personal loan or $10,000 credit card limit depends on your needs and ability to keep up with costs.
How do I compare $10,000 loans?
When comparing $10,000 personal loans, make sure you consider the following:
Feature
Explanation
Interest rate
The percentage of the loan the lender charges you for borrowing. A lower rates means lower monthly interest charges.
Fixed or variable
A fixed interest rate locks you into a single interest rate for the entirety of the loan. Variable rates can change, either go up or down.
Fees
Many loans charge a one-off establishment fee as well as a monthly service fee. Other fees to watch for include early repayment fees, early break fees, and redraw fees.
Loan term
How long you have to repay the loan, with most personal loans allowing you to borrow for up to seven years. Choosing a shorter loan term means you pay more back each month, but also reduces the amount of interest you pay over the life of the loan.
Security
Borrowers often use secured personal loans when buying a car. The car is security for the loan if you can't repay it. But many lenders offer competitive unsecured loans that don't require any security.
Repayment schedule
Many loans allow you to choose from weekly, fortnightly or monthly repayments.
Loan purpose
Most unsecured loans are for "any worthwhile purchase", and can be used for anything from weddings to holidays, to electronics or a car. Some loans, such as green loans or debt consolidation loans, must be used for a specific purpose.
How much will a $10,000 loan cost per month?
Your monthly repayments will depend on your interest rate, any fees and your loan term. Most personal loans offer personalised interest rates where your interest rate is personalised based on your credit score, with higher scores being offered lower rates.
This makes it hard to guarantee how much your loan repayments will cost. You can use this month's best rates to calculate an estimate using our personal loan calculator.
Personal loan statistics in December 2025
The lowest unsecured rate is 5.76% and the average is 10.51%.
The lowest secured rate is 5.67% and the average is 9.66%.
The average Australian is carrying $24,333 in personal loans (including car loans).
Most people take out personal loan terms of 3 years.
5% say their personal loan debt causes them the most stress out of any expense.
*The information in this update comes from Finder's loans database and Consumer Sentiment Tracker. Information is correct as of 5 December 2025.
Calculate the cost of your $10,000 loan
Your personal loan details
Loan amount
$
Term
Repayment type
Interest rate
%
Monthly fee
$
Interest only period
Payment frequency
Extra monthly repayments
$
Overview of your loan
Once the interest only period ends, your estimated repayments will be
Calculator Assumptions: The above calculations are worked out assuming you're paying off a principal and interest loan where the interest rate remains the same over the life of the loan. The repayment amounts do not take into account any additional fees or charges that may be charged to your loan (e.g. application fees).
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.
What types of $10,000 loans are there?
Personal loans
With a personal loan, you can get access to funding to pay for a variety of large purchases or expenses. These can include medical bills, home renovations, weddings or holidays. Personal loans can either be secured (by an asset such as your home or car) or unsecured. The amount you can borrow varies from $2,000 up to $100,000, depending on the type of loan. Secured loans usually have higher borrowing limits than unsecured loans as they are less risky to the lender.
Car loans
Car loans can be either secured or unsecured, and the money is limited to the purchase of the car. Borrowers with poor or limited credit history can increase their chances of approval by going for a secured car loan. As with any secured loan, there is always the risk of losing the asset if you're unable to meet your repayments.
Business loans
If you're looking to borrow for business purposes, you can explore the option of a business loan. These loans typically come with higher borrowing limits than personal loans with amounts up to $20,000,000. How much you can borrow will depend on the lender, the type of business loan, your annual turnover, your company's credit rating and the purpose of the loan.
Our expert says: Choose your loan term wisely
"Taking out a $10,000 loan will likely be a years-long commitment, but the longer you make your loan term the more money you will pay in interest. On the plus side, you'll probably be able to better manage your monthly repayments. As an example, a $10,000 loan with an interest rate of 7% over 3 years will make your monthly repayments $309 a month and you'll pay $1,116 in interest over the loan. If you paid that same loan off over 6 years, you'd pay a lower repayment of $151 but you'd pay $2,678 in interest on top of your loan amount. The decision is for you to weigh up. Take a look at how much you can comfortably afford each month (and by comfortably I mean with extra cash left over for those emergencies that can crop up). The sooner you can pay off the loan, the better, but not if it will put you in financial stress with the repayments."
$10,000 is a large amount of money for most people. It's a large personal loan, but it's a massive credit card debt.
Personal loans have lower interest rates on average than credit cards, and scheduled repayments with a set end date.
With credit cards, it's possible to build up a large debt and take years to pay it off. The interest charges can really start to add up.
Is a credit card with a $10,000 limit ever a better option?
If you can qualify for a card with a $10,000 limit you (hopefully) have a reasonable income and an Excellent credit score.
Even so, the card won't let you spend $10,000 in one go. But you could use a card like this to cover multiple transactions over time.
If you're diligent about paying them off, and take advantage of interest-free periods, you could avoid paying huge amounts of interest.
Why compare personal loans with Finder?
Addicted 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)
Rates 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.
Cash 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.
FAQs about $10,000 loans
Choosing how long you want your loan term to be, for a $10,000 loan or any other amount, depends on your budget and your goals. A shorter term means more expensive repayments but less interest payments, making it cheaper overall.
A longer term is more affordable month-to-month but more expensive in the end. A loan that lets you make extra repayments could be the best of both worlds, as you can both take out a long loan term and pay down your principal when you have spare cash.
Choosing between a fixed rate or a variable rate is a matter of preference, for both $10,000 loans and other loan amounts.
Variable rates may be lower, but those interest rates could rise over the life of your loan. Fixed rates are predictable, however could start out higher and tend to have limits or fees for early repayments.
The higher your credit score the lower the interest rate you can get. Borrowers with Excellent or Good credit scores have a much easier time borrowing larger loan amounts. But you can still get a $10,000 personal loan with a lower credit score. But you will have a higher interest rate.
Your chance of approval also depends on other factors like your income and expenses.
Rebecca Pike is Finder’s money editor, with over 7 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise and 7News, Today and 9News, as well as Sky News, Channel 10 and across radio and print. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines.
See full bio
Rebecca's expertise
Rebecca
has written
267
Finder guides across topics including:
hello im on a carers pension and wish to borrow $8000.00 its for a partnership visa with repayments of $500.00 per mth over a 12mth year period
Finder
ElizabethJanuary 6, 2016Finder
Hi Bruce,
Thanks for your question.
As you can see from the page above there are a few lenders you can consider. I’m unable to recommend any specific lenders to you but you can compare your lenders and check your eligibility above. Click through to the review pages by selecting the name of any lender you are interested in, and once you have found a loan you want to apply for and are eligible for you can click “Go to Site” to complete your application.
I hope this has helped.
Thanks,
Elizabeth
kendrickMarch 15, 2016
How do you get approval
Finder
ElizabethMarch 15, 2016Finder
Hi Kendrick,
There’s no one surefire way to be approved for a loan, but by checking you meet the minimum eligibility criteria you can make sure you are eligible to submit your application. This criteria is listed on each review page on finder.com.au and also on each of the lender’s websites.
I hope this has helped.
Thanks,
Elizabeth
tammyNovember 29, 2015
what finance companies offer unsecured or secured personal loans with bad credit rating
Finder
ElizabethNovember 30, 2015Finder
Hi Tammy,
There is a list of lenders on the page above.
Hope this has helped.
Thanks,
Elizabeth
MinhNovember 24, 2015
I have a mortgage of $190000 and loans of $30000 and want to borrow another $40000 for a new car. And want to consolidate it all into one easy monthly repayment . Who can help me ? Cause I’ve been refused by mayor lenders ?
Finder
ElizabethNovember 25, 2015Finder
Hi Minh,
Thanks for your question.
You can compare your options for debt consolidation on this page. You can also refer to our guide on debt consolidation with bad credit. Before taking out one of these loans, you should work out how much money you can actually save on interest and fees. It is also important to consider adding any break costs or early repayment fees from your existing loans. Also, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
I hope this will be of use.
Thanks,
Elizabeth
JenniferNovember 15, 2015
Hi, I have a good credit rating and a full time job. I would like to borrow $10,000 over 18months. What is the best and lowest rate option.
Finder
ElizabethNovember 16, 2015Finder
Hi Jennifer,
Thanks for your question.
With good credit and a full-time job, you have more options open to you. The right personal loan for you depends on what you want to use the loan for (for instance, if you want to buy a car you might want to consider a car loan).
You can compare your personal loan options and check for eligibility and requirements from each lender. Enter your desired loan amount at the top of the table and you can see your estimated repayment amounts for each of the loans. Select the titles of the columns (interest rate, application fee, etc.) and the table will sort from lowest to highest. To find out if you’re eligible, click on the name of the loan and read the review and the eligibility criteria. You can then click “Go to Site” to head to the lender’s site and submit your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this will help you compare your options and find the right loan for you.
Thanks,
Elizabeth
JamesSeptember 29, 2015
I’m looking for a $10,000 loan but I’d need 3-5 years to pay monthly payments. It’s to start a business
RenaOctober 3, 2015
How do I get a loan of 10.000 to start up a business need it like by Monday payment 3 to 5 years monthly I am from Suriname
Finder
ElizabethOctober 6, 2015Finder
Hi Rena,
Unfortunately this is an Australian financial comparison website and the lenders you can compare here only offer loans to current residents of Australia. You’ll need to get in contact with a bank or lender in Suriname for a business loan.
Thanks,
Elizabeth
Finder
ElizabethSeptember 29, 2015Finder
Hi James,
Thanks for your question.
You may refer to our comparison of business loan options, including small business loans, invoice financing, lines of credit and business car loans.
You can select the “Go to Site” button of your preferred lender to proceed with your application. You can also contact them directly if you have specific questions. Before you apply, make sure you carefully read over the eligibility requirements and terms and conditions and ensure you have organized the necessary documents before beginning the application.
If you're wanting to bolster your application, buy an asset with your partner or apply for a loan you're not eligible for by yourself, you can consider a joint application personal loan.
Find a low interest loan by comparing your options with Finder. See interest rates, fees, and features for loans across Australia, plus guides to help you get the best deal.
Find out exactly what you need to know when it comes to cheap personal loans, including working out if a loan is really competitive.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
The information provided by Frankie is general in nature and has been prepared without considering your objectives, financial situation or needs. Frankie may make mistakes so it's important that you review the information before deciding. By messaging Frankie, you agree to our Terms and have read our Privacy Policy.
Addicted 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)
Rates 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. 
Cash 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.
hello im on a carers pension and wish to borrow $8000.00 its for a partnership visa with repayments of $500.00 per mth over a 12mth year period
Hi Bruce,
Thanks for your question.
As you can see from the page above there are a few lenders you can consider. I’m unable to recommend any specific lenders to you but you can compare your lenders and check your eligibility above. Click through to the review pages by selecting the name of any lender you are interested in, and once you have found a loan you want to apply for and are eligible for you can click “Go to Site” to complete your application.
I hope this has helped.
Thanks,
Elizabeth
How do you get approval
Hi Kendrick,
There’s no one surefire way to be approved for a loan, but by checking you meet the minimum eligibility criteria you can make sure you are eligible to submit your application. This criteria is listed on each review page on finder.com.au and also on each of the lender’s websites.
I hope this has helped.
Thanks,
Elizabeth
what finance companies offer unsecured or secured personal loans with bad credit rating
Hi Tammy,
There is a list of lenders on the page above.
Hope this has helped.
Thanks,
Elizabeth
I have a mortgage of $190000 and loans of $30000 and want to borrow another $40000 for a new car. And want to consolidate it all into one easy monthly repayment . Who can help me ? Cause I’ve been refused by mayor lenders ?
Hi Minh,
Thanks for your question.
You can compare your options for debt consolidation on this page. You can also refer to our guide on debt consolidation with bad credit. Before taking out one of these loans, you should work out how much money you can actually save on interest and fees. It is also important to consider adding any break costs or early repayment fees from your existing loans. Also, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
I hope this will be of use.
Thanks,
Elizabeth
Hi, I have a good credit rating and a full time job. I would like to borrow $10,000 over 18months. What is the best and lowest rate option.
Hi Jennifer,
Thanks for your question.
With good credit and a full-time job, you have more options open to you. The right personal loan for you depends on what you want to use the loan for (for instance, if you want to buy a car you might want to consider a car loan).
You can compare your personal loan options and check for eligibility and requirements from each lender. Enter your desired loan amount at the top of the table and you can see your estimated repayment amounts for each of the loans. Select the titles of the columns (interest rate, application fee, etc.) and the table will sort from lowest to highest. To find out if you’re eligible, click on the name of the loan and read the review and the eligibility criteria. You can then click “Go to Site” to head to the lender’s site and submit your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I hope this will help you compare your options and find the right loan for you.
Thanks,
Elizabeth
I’m looking for a $10,000 loan but I’d need 3-5 years to pay monthly payments. It’s to start a business
How do I get a loan of 10.000 to start up a business need it like by Monday payment 3 to 5 years monthly I am from Suriname
Hi Rena,
Unfortunately this is an Australian financial comparison website and the lenders you can compare here only offer loans to current residents of Australia. You’ll need to get in contact with a bank or lender in Suriname for a business loan.
Thanks,
Elizabeth
Hi James,
Thanks for your question.
You may refer to our comparison of business loan options, including small business loans, invoice financing, lines of credit and business car loans.
You can select the “Go to Site” button of your preferred lender to proceed with your application. You can also contact them directly if you have specific questions. Before you apply, make sure you carefully read over the eligibility requirements and terms and conditions and ensure you have organized the necessary documents before beginning the application.
I hope this information will be of use.
Thanks,
Elizabeth