Pros Cons This personal loan has a very high Finder score of 9.9 and that's because it offers a mix of competitive rates, no ongoing fees and no costs or penalties for additional repayments.
Top pick for unsecured loan
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000)
Int. rate
6.28% to
18.99%
Comp. rate
6.28% to
21.78%
Min. Loan Amount
$5,000
Max. Loan Amount
$100,000
Int. rate
6.28% to
18.99%
Min. Loan Amount
$5,000
Comp. rate
6.28% to
21.78%
Max. Loan Amount
$100,000
Summary
A loan for any worthwhile purchase of up to $100,000, such as for a car, equipment, and even debt consolidation. Your interest rate will be based on your credit history. Pre-approval available.
What we like about the OurMoneyMarket Unsecured Low-Rate Personal Loan
Pros Cons Now Finance's competitive rates and no fees gives this product an excellent credit score as well as a great offering to customers. There's also a fast application process and access to your own personal advisor to talk you through your loan.
Top pick for secured loan
NOW Finance Secured Personal Loan
Int. rate
5.95% to
21.65%
Comp. rate
5.95% to
21.65%
Min. Loan Amount
$15,000
Max. Loan Amount
$100,000
Int. rate
5.95% to
21.65%
Min. Loan Amount
$15,000
Finder Award
Comp. rate
5.95% to
21.65%
Max. Loan Amount
$100,000
Summary
A risk-based personal loan that comes with no monthly fees, establishment fees, or early repayment fees. Suitable for any worthwhile purchase and has both secured and unsecured options.
What we like about the NOW Finance Secured Personal Loan
Pros Cons This personal loan has a very high Finder score of 9.9 and that's because it offers a mix of competitive rates, no ongoing fees and no costs or penalties for additional repayments.
Top pick for fixed loan
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$100,000)
Int. rate
6.28% to
18.99%
Comp. rate
6.28% to
21.78%
Min. Loan Amount
$5,000
Max. Loan Amount
$100,000
Int. rate
6.28% to
18.99%
Min. Loan Amount
$5,000
Comp. rate
6.28% to
21.78%
Max. Loan Amount
$100,000
Summary
A loan for any worthwhile purchase of up to $100,000, such as for a car, equipment, and even debt consolidation. Your interest rate will be based on your credit history. Pre-approval available.
What we like about the OurMoneyMarket Unsecured Low-Rate Personal Loan
Pros Cons With another strong Finder Score, this loan is the most cost effective variable rate personal loan on the market. It offers a loan term of up to 10 years, as well as flexible repayments and access to a redraw facility.
Top pick for variable loan
Dnister Ukrainian Credit Co-operative Premier Personal Loan
Int. rate
7.52%
Comp. rate
8.20%
Min. Loan Amount
$5,000
Max. Loan Amount
$50,000
Int. rate
7.52%
Min. Loan Amount
$5,000
Comp. rate
8.20%
Max. Loan Amount
$50,000
Summary
What we like about the Dnister Ukrainian Credit Co-operative Premier Personal Loan
Pros Cons The Gateway Eco Personal Loan has a Finder Score to rival all other personal loans, scoring an excellent 9.9. Proving that it continues to offer a top product all year round, this loan was highly commended in Finder's 2025 product awards. Other reasons we like this loan are because there are no ongoing fees, you can make extra repayments without penalty and you can manage your loan via a simple app.
Top pick for green loan
Gateway Bank Eco Personal Loan
Int. rate
6.44%
Comp. rate
7.45%
Min. Loan Amount
$3,000
Max. Loan Amount
$30,000
Int. rate
6.44%
Min. Loan Amount
$3,000
Comp. rate
7.45%
Max. Loan Amount
$30,000
Summary
What we like about the Gateway Eco Personal Loan
Pros Cons The ING personal loan is the best standard personal loan from a bank according to our Finder Score. As well as its strong interest rate, it has no annual or monthly fees and allows you to repay the loan early at no cost.
Top pick for bank loan
ING Personal Loan
Int. rate
6.19% to
19.99%
Comp. rate
7.03% to
20.78%
Min. Loan Amount
$5,000
Max. Loan Amount
$60,000
Int. rate
6.19% to
19.99%
Min. Loan Amount
$5,000
Comp. rate
7.03% to
20.78%
Max. Loan Amount
$60,000
Summary
The ING Personal Loan offers the stability of a fixed rate with flexible repayment options.
What we like about the ING Personal Loan
We analysed our database of over 200 loans, and filtered out loans that were members-only or secured in niche ways (such as by term deposits). This left us with a pool of accessible loans, which we further filtered based on interest rates, fees, and availability through Finder. In the case of a tie or a close call, we factored in features such as redraw facilities.
While we are confident that our top picks are competitive personal loans, keep in mind that there is no one-size-fits-all loan or lender. Your personal situation and preferences will determine what the best personal loan for you will be.
We asked hundreds of Australians to rate their personal loan lenders on factors like customer service, features and benefits, ease of application, fees and interest rate, and trustworthiness. Here are the results.
| Bank | Overall satisfaction | Recommended |
|---|---|---|
 | ★★★★★ 4.4/5 | 99% |
 | ★★★★★ 4.2/5 | 88% |
 | ★★★★★ 4.1/5 | 85% |
 | ★★★★★ 4.1/5 | 81% |
 | ★★★★★ 4.1/5 | 88% |
The best personal loan depends on your circumstances: there’s no one size fits all. Particularly as your rate will be different depending on things like income and credit score.
Here are some things to look out for to get the best loan for you.
Lenders advertise a minimum interest rate and a maximum interest rate. They’ll decide your rate based on your financial situation and while this depends on a couple of things, you can check your credit score to give yourself a rough idea of where you will sit in their interest rate range.
You should also look at the comparison rate to see how the rate changes when you incorporate fees. However it is usually based on a $30,000 loan over 5 years. If your plans are different, use a personal loan calculator to get a sense of how much a loan will cost you.
Securing your loan could get you a lower rate or increase the odds that you'll be approved for a personal loan. However, you will need to put up an asset (like your vehicle) as collateral, so ensure you can comfortably repay the loan to avoid the risk of repossession.
Quite simply, can you borrow the amount you need? In general, higher borrowing amounts have stricter eligibility criteria.
Not a must, but repaying your personal loan early means you pay less in interest. So, that’s pretty nice. Some loans that allow early repayment have fees attached, so make sure you're saving more than you're spending or opt for a loan with free early/extra repayments.
Personal loans can offer special deals which range from waived fees to a discounted interest rate or cashback. These could save you hundreds if not thousands of dollars depending on the loan.
"Finding a loan that's even 1% cheaper can save you hundreds of dollars. You can save even more if you can afford some extra repayments early on, just watch out for any early repayment fees."
To see how the interest rate can affect your repayments, we looked at 2 loans with the same loan amount and loan term.
Loan amount: $30,000
Loan term: 5 years
| Loan A | Loan B | |
|---|---|---|
| Interest rate | 8.00% | 9.00% |
| Monthly repayment | $609 | $623 |
| Total repayment | $36,498 | $37,366 |
| Interest paid | $6,498 | $7,366 |
By paying 1% more on this loan, you’d pay $868 more in interest.
New to personal loans? We get that personal loans can get a bit complicated, so we've done our best to simplify things on our personal loans hub.
We currently don't have that product, but here are others to consider:
How we picked these
Are secured personal loans better than unsecured personal loans and how do they work?
Personal loans offer a range of loan amounts to suit different purposes and budgets. Here's how to get the loan amount you need.
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.
Temporary Australian residents may be eligible to apply for personal loans, depending on the visa they hold.
Not all personal loans come with endless documentation. Some lenders specialise in quick and easy application processes.
Compare unsecured personal loans from some of Australia's top lenders. Find the best deal on rates, fees and features in seconds.
Use a personal loan calculator to work out your repayments or compare loans with a comparison calculator.
We’ve written about fixed rate personal loans and what their advantages are.
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.
1 am aged 81, with lifetime monthly pension income and a credit score of 818. I wish to apply for $10000 for a holiday but most of your companies have a 75 year old limit. Who do you suggest ?
Hi Graham, Check out our detailed guide to loans for retired people for potential options.
Hi,
I am wanting to consolidate my current loans of about $75000. Who would be the best and cheapest for this?
Hi Brad,
Thanks for getting in touch!
You may refer to our list of debt consolidation loans. Our guide will guide you on what steps to take in getting this type of loan. You can use our comparison table to help you find the lender that suits you. When you are ready, press the ‘Go to site’ button to apply.
As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Best,
Nikki
I currently own my own home. There’s no mortgage. I was wondering about using it for a loan. How to go about it?
Hi Katie,
Thanks for getting in touch with Finder. I hope all is well with you. :)
Yes, you can use your home to apply for a secured personal loan. You can use your home as a security to increase your chance of getting approved for a loan and even borrowing for a bigger amount of money.
Press the link above to see a table that allows you to conveniently compare secured personal loans. You can compare based on the interest rate, loan term, and loan amount, to name a few. Once you’re done comparing your options, click on the “Go to site” green button to learn more or initiate your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
I would like to know if i can have a loan for a small amount, i have a working visa and im just 3 months working, so im basically starting up everything. Anyone can help?
Hi Leonardo,
Thank you for reaching out to Finder.
In general, temporary residents are eligible for personal loans in Australia. However, it’s likely you will have to meet additional criteria in order to be eligible. This may include a higher minimum income requirement. You will also need to be on a certain type of visa, according to the lender’s requirements, and the term of your loan cannot exceed the time left on your visa.
You may refer to our list of loans for non-residents. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have. Hope this helps!
Cheers,
Reggie
Hi there I’m looking for a personal loan to finalise a separation /divorce any ideas would be helpful. Thanks
Hi Mat,
Thanks for getting in touch. You can find the lender for your personal needs on the list above. As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the product disclosure statement of the product and contact the lender should you need any clarifications on the loan.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki