Compare the best personal loans and rates

The first step to finding the best personal loan is deciding the type of loan you need.

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Promoted
5.95
%
p.a.
interest rate
5.95
%
p.a.
comparison rate
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile

⭐ Finder Exclusive: Apply and settle a NOW Finance debt consolidation loan via Finder by 30 September 2021 for your chance to win $2000 paid off your debt. T&Cs apply.
Promoted
4.99
%
p.a.
interest rate
4.99
%
p.a.
comparison rate
You'll receive a fixed interest rate from 4.99% p.a. to 19.99% p.a. based on your risk profile

Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.
Promoted
5.45
%
p.a.
interest rate
6.07
%
p.a.
comparison rate
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.

A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before September 30th 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.

Compare personal loans Australia

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Loan Term Fees Monthly Repayment Test

NOW Finance No Fee Unsecured Personal Loan ≥$5,000RISK-BASED

Exclusive
NOW Finance No Fee Unsecured Personal Loan
From
5.95%
(fixed)
5.95%
18 months to 7 years
  • App: No Establishment Fee
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance debt consolidation loan via Finder by 30 September 2021 for your chance to win $2000 paid off your debt. T&Cs apply.

You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance debt consolidation loan via Finder by 30 September 2021 for your chance to win $2000 paid off your debt. T&Cs apply.

Alex Bank Personal Loan ≥$2,100RISK-BASED

Alex Bank Personal Loan
From
4.99%
(fixed)
4.99%
6 months to 5 years
  • App: $0 (Waived $295 establishment fee)
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed interest rate from 4.99% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.

You'll receive a fixed interest rate from 4.99% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.

OurMoneyMarket Personal Loan ≥$2,001RISK-BASED

Exclusive
OurMoneyMarket Personal Loan
From
5.45%
(fixed)
6.07%
1 to 7 years
  • App: From $250
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before September 30th 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.

You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before September 30th 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.

Plenti Personal Loan ≥$5,000RISK-BASED

Plenti Personal Loan
From
6.39%
(fixed)
6.39%
3 to 7 years
  • App: $0 to $999
  • Monthly: $35
Tap to see more about this loan

You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

Harmoney Unsecured Personal Loan ≥$2,000RISK-BASED

Harmoney Unsecured Personal Loan
From
5.35%
(fixed)
6.14%
3 to 5 years
  • App: $575 ($275 for loans of below $5,000)
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate between 5.35% p.a. and 19.09% 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.

You'll receive a fixed rate between 5.35% p.a. and 19.09% 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.

Citi Personal Loan Plus ≥$5,000STATIC

Citi Personal Loan Plus
8.90%
(variable)
9.18%
3 to 5 years
  • App: $199
  • Monthly: $0
Tap to see more about this loan

You'll receive a guaranteed variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.

You'll receive a guaranteed variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.

NAB Personal Loan Unsecured Fixed ≥$5,000RISK-BASED

NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
1 to 7 years
  • App: $150
  • Monthly: $10
Tap to see more about this loan

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Symple Loans Personal Loan ≥$5,000STATIC

Symple Loans Personal Loan
From
5.75%
(variable)
6.47%
1 to 7 years
  • App: from 0% to 5% of the loan amount
  • Monthly: $10
Tap to see more about this loan


You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.


You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.

Great Southern Bank Unsecured Fixed Rate Personal Loan ≥$5,000STATIC

Great Southern Bank Unsecured Fixed Rate Personal Loan
9.39%
(fixed)
9.64%
1 to 7 years
  • App: $175
  • Monthly: $0
Tap to see more about this loan

You'll receive a guaranteed rate of 9.39% p.a. with a comparison rate of 9.64% p.a. if you're approved.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.

You'll receive a guaranteed rate of 9.39% p.a. with a comparison rate of 9.64% p.a. if you're approved.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.

Wisr Personal Loan ($30,001 to $64,000) ≥$30,001STATIC

Wisr  Personal Loan ($30,001 to $64,000)
From
6.49%
(fixed)
7.11%
3 to 7 years
  • App: $595
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

Wisr Personal Loan ($5,000 to $30,000) ≥$5,000RISK-BASED

Wisr Personal Loan ($5,000 to $30,000)
From
6.49%
(fixed)
6.49%
3 to 7 years
  • App: $0 - Waived Establishment Fee
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 30 September 2021. T&Cs apply.

You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 30 September 2021. T&Cs apply.

ANZ Fixed Rate Personal Loan ≥$5,000STATIC

ANZ Fixed Rate Personal Loan
8.99%
(fixed)
9.88%
1 to 7 years
  • App: $150
  • Monthly: $10
Tap to see more about this loan

You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: Secure a reduced interest rate of 8.99% p.a. for a limited time only. Apply for up to $50,000 to use for a variety of purposes without needing to add security.

You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: Secure a reduced interest rate of 8.99% p.a. for a limited time only. Apply for up to $50,000 to use for a variety of purposes without needing to add security.

SocietyOne Unsecured Personal Loan ≥$5,000RISK-BASED

SocietyOne Unsecured Personal Loan
From
5.95%
(fixed)
5.95%
2 to 5 years
  • App: from $0 to $595
  • Monthly: $0
Tap to see more about this loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.

Latitude Personal Loan (Unsecured) ≥$3,000RISK-BASED

Latitude Personal Loan (Unsecured)
From
7.99%
(fixed)
9.24%
1 to 7 years
  • App: $250 (Loans under $5000 - $140)
  • Monthly: $13
Tap to see more about this loan

You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.

You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.

MoneyMe Personal Loans ≥$2,100RISK-BASED

MoneyMe Personal Loans
From
6.25%
(fixed)
7.64%
1 to 5 years
  • App: from $295 to $495
  • Monthly: $10
Tap to see more about this loan

You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.

You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
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Compare up to 4 providers

You could take out a personal loan for a range of different reasons. While one person might need a personal loan to buy a car, another might take one out to renovate a home or consolidate debt. There are a large number of personal loans available, so how do you find the best one for you?

Must read: Looking for the best personal loan?

There’s no single loan that’s best for everyone as all our needs are different - and what’s best for you might not be best for someone else.


3 steps to help you find the best personal loan

1. Match the loan type with the reason why you're borrowing

Why are you taking out a personal loan? Are you consolidating debt, buying something or investing? Different types of personal loans are suited to different loan purposes. For example, a secured personal loan may be a good way to finance a used car and an unsecured personal loan is suitable to consolidate debt. Find the loan that will work for your loan purpose.

2. Compare loans to get features that matter to you

Think about the features that you want in your loan. Do you want to be able to repay the loan early without penalty? Do you want to be able to make additional repayments? Do you want a redraw facility? How much do you want to borrow and how long do you want to repay? Then compare your loan options to find a loan with the features you want.

3. Get the most affordable loan that meets your needs

You need to find a loan you can afford. Compare the interest rate that you will be charged as well as the upfront and ongoing fees. The comparison rate will give you an indication of the overall cost of the loan. Make sure you compare your options to get the most affordable loan with all the features you want. Choosing a loan that you can afford to make extra repayments will also allow you to pay it back faster.


What type of personal loan will best suit my needs?

Not sure what type of personal loan you need? Look at the information below to find the loan that may be suitable for your borrowing needs.

Loans designed for your loan purpose or borrowing situation

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Large purchase or investment
If you want to make a large purchase, such as furniture, electronics or a holiday, or you need funds for an investment, an unsecured personal loan might suit your needs.
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Home renovations or an ongoing project
If you need access to funds for an ongoing period or you aren't sure how much you need to borrow, you may want to consider a line of credit personal loan.
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A new or used car
If you're purchasing a new or used car, you can benefit from a lower interest rate when you take out a secured car loan.
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You already have a vehicle to use as security
Secured personal loans let you benefit from lower interest rates when you attach an asset you already own as security. You can then use the funds however you need to.
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You have bad credit or are on a lower income
Short-term lenders may consider you for a loan since some don't run a credit check, but keep in mind that the costs are much higher than with standard personal loans.

How to compare personal loans to find the best one for you

When you want to apply for a loan, you should first compare multiple personal loan offerings so you can track down the right product. Pay attention to the following features and you could enjoy considerable savings:

  • Secured or unsecured?
    Both of these loans suit different purposes. If you're looking at buying something like a car or you already own an asset like a car, you can consider a secured personal loan. You will benefit from a lower interest rate personal loan by using the asset as security, but you risk losing it if you default on the loan. An unsecured personal loan may come with a slightly higher interest rate, but it doesn't require security and allows you to use the funds however you want.
  • Fixed or variable?
    Both fixed and variable rate personal loans have pros and cons, depending on your preferences and circumstances. The interest of a fixed rate loan will not change for the life of the loan, so your repayments will never go up. Variable rate loans, on the other hand, can fluctuate, so your repayments could increase or decrease. Fixed rate loans have terms of up to five years and variable rate loans up to seven years. Variable rate loans also tend to be more flexible than fixed rate loans in terms of repayments.
  • What is the interest and comparison rate?
    Compare interest rates against similar loans. While you should also check the fees you will be charged, the comparison rate will give you an idea of the true cost of the loan as it is comprised of both interest and fees.
  • What fees are charged?
    Consider both upfront and ongoing fees. For example, upfront fees may include application or establishment fees and ongoing fees can include monthly or annual fees.
  • How much can you borrow?
    The amount you can borrow should also factor into your decision. You will not find out how much you will be approved for before you apply, but lenders will have a set minimum and maximum borrowing amount. Ensure how much you want to borrow falls within these limits.
  • What restrictions apply to the loan?
    Are there restrictions on additional repayments or repaying the loan early? Are there restrictions on how you can use the loan amount? Is the loan limited to borrowers with excellent credit? Find out what restrictions apply with the loan.
  • What will the term of your loan be?
    Work out how much you can afford to repay and what repayment terms you will need. Then, make sure the loan you are applying for offers these terms.
  • Have you considered all your options?
    A personal loan isn't always the best option depending on what you're using the loan for. It's important to check that using a personal loan is the cheapest option before submitting your application.
Man comparing loans on laptop
  • Is the lowest interest rate an indication of the "best personal loan"?

Yes, and no. Finding the lowest interest rate is definitely a good indication of a competitive personal loan. And obviously, finding the lowest interest rate possible for your circumstances is often in your best interests when it comes to saving money. However, as outlined above, interest rates are not the only feature worth considering when it comes to finding the best personal loan cost-wise. It's also important to consider other fees and features involved.

As well as considering the costs and features involved with a personal loan, it's important to be aware of your circumstances and have a good idea of what you can qualify for. Applying for the lowest interest rate loan you can find when you have a poor credit score will usually see your application rejected and can negatively affect your credit rating. Therefore, it's a good idea to know your credit score before you apply for any form of finance.

What should I keep in mind when looking for the best personal loan?

While personal loans are helpful in many scenarios, it’s in your best interest to avoid certain traps and pitfalls.

  • Read the fine print.
    Scrutinise all your options carefully right from the start and remember to look for ongoing account-keeping fees, early repayment fees and late payment fees. Read the terms and conditions document from start to finish and ensure you are aware of all fees and restrictions.
  • Don't take on a loan you can't afford.
    When borrowing money, it is always important to use a personal loan calculator to find out what your repayments will be. If you can comfortably afford a loan, don't feel tempted to consider borrowing more in the event that you can't afford it.

How to submit your personal loan application

Before you apply for a personal loan, establish how much you want to borrow and your monthly repayment ability. You should find out how long it might take for you to pay the loan off completely, remembering that you can usually choose between making weekly, fortnightly or monthly payments.

Read through the eligibility criteria set by the lender and then ensure you meet them. Also make sure you have the required documents – usually your driver's licence, financial and employment documents and bank details – on hand. If you're applying for a secured loan you will need details of the asset.

Once you find a loan you wish to apply for in the table above, proceed to the lender’s website by clicking "Go to Site" and start the application process.

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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and 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 ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.

Go to site