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Personal loan deals

Check out the latest unsecured personal loan offers. Both fixed and variable rates available.

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Elizabeth Barry

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1 - 7 of 129
Updated regularly
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Go to site
Product NameNOW Finance No Fee Unsecured Personal Loan
Interest Rate (p.a.)6.75% to 26.95%
Comp. Rate (p.a.)6.75% to 26.95%
Interest Rate TypeFixed
Min. Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$615.26
Go to siteMore Info
OurMoneyMarket Unsecured Low-Rate Personal Loan
Finder award winnerFixed1 - 7 Years $2,001 - $75,000
OurMoneyMarket Unsecured Low-Rate Personal Loan
Finder award winnerFixed1 - 7 Years $2,001 - $75,000
Go to site
Product NameOurMoneyMarket Unsecured Low-Rate Personal Loan
Interest Rate (p.a.)6.57% to 18.99%
Comp. Rate (p.a.)7.19% to 21.78%
Interest Rate TypeFixed
Min. Loan Amount$2,001
Max. Loan Amount$75,000
Loan SecurityUnsecured
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$627.42
Go to siteMore Info
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Go to site
Product NameHarmoney Unsecured Personal Loan
Interest Rate (p.a.)5.76% to 24.03%
Comp. Rate (p.a.)6.55% to 24.98%
Interest Rate TypeFixed
Min. Loan Amount$2,000
Max. Loan Amount$70,000
Loan SecurityUnsecured
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$623.70
Go to siteMore Info
Revolut Unsecured Personal Loan
Fixed1 - 7 Years $5,000 - $50,000
Revolut Unsecured Personal Loan
Fixed1 - 7 Years $5,000 - $50,000
Go to site
Product NameRevolut Unsecured Personal Loan
Interest Rate (p.a.)6.99% to 24.99%
Comp. Rate (p.a.)6.99% to 21.79%
Interest Rate TypeFixed
Min. Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured
Interest Rate (p.a.)
6.99%
to 24.99%
Comp. Rate (p.a.)
6.99%
to 21.79%
Application Fee
$0 - $499
Monthly Fee
$0
Monthly Repayment
$632.86
Go to siteMore Info
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
Go to site
Product NameNAB Personal Loan Unsecured Fixed
Interest Rate (p.a.)8.49% to 20.49%
Comp. Rate (p.a.)9.54% to 21.49%
Interest Rate TypeFixed
Min. Loan Amount$5,000
Max. Loan Amount$55,000
Loan SecurityUnsecured
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$649.15
Go to siteMore Info
OurMoneyMarket Secured Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
OurMoneyMarket Secured Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Go to site
Product NameOurMoneyMarket Secured Personal Loan
Interest Rate (p.a.)6.57% to 18.99%
Comp. Rate (p.a.)7.19% to 21.78%
Interest Rate TypeFixed
Min. Loan Amount$2,001
Max. Loan Amount$75,000
Loan SecuritySecured
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$627.42
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
Go to site
Product NameNAB Personal Loan Unsecured Variable Rate
Interest Rate (p.a.)8.49% to 20.49%
Comp. Rate (p.a.)9.54% to 21.49%
Interest Rate TypeVariable
Min. Loan Amount$5,000
Max. Loan Amount$55,000
Loan SecurityUnsecured
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$649.15
Go to siteMore Info
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3 easy steps to help you find the best personal loan for you

1. Matching your loan with the reason you're borrowing

This is the first broad filter for finding the best personal loan for you. You need to ask yourself why you're taking out the loan.

Different types of personal loans are suited to different loan purposes. For instance, a secured personal loan may be a good way to finance a used car. An unsecured loan may be better suited to general purposes where you can't offer collateral.

Depending on the reason you're looking to borrow, the type of personal loan that is best for you will differ – so your first step is to find a loan that matches your loan purpose.

2. Filter for loan features most useful for you

After you've found a loan that caters to your specific loan purpose, you have to consider the features you want.

Personal loans come with a variety of features. This includes how much you want to borrow, over what term, as well as the type of interest you wish to pay – that is, fixed or variable.

Other features include the ability to make additional repayments, and repaying the loan early without penalty and redraw facilities.

Once you've accounted for your preferences, you can compare your loan options to find a loan with the features you want.

3. Compare loans to find the most affordable loan

Apart from filtering for your specific needs, you also need to find a loan you can afford. Here's where comparison really pays off. Comparing loans can help you find the most affordable loan with all the features you're after.

Keep an eye out for the interest rate, as well as the comparison rate – which will give you an idea of the overall cost of the loan. The range for a competitive comparison rate is anything under 10% p.a.

As well as low interest, you should look for low or no fees, as these will add to the cost of your loan. These will include establishment and monthly fees.

Some loans also come with limited time offers. This could be a discounted interest rate or fee waivers. These offers can help you keep down the cost of the loan in the long run, so consider looking out for them.

What type of personal loan will best suit my needs?

There are a range of personal loans you can apply for. If you're not sure what type of loan you need, we've highlighted the options. We've also included what you should keep in mind and watch out for.

Type of loanWhat it's best forWhat to watch for
Unsecured personal loan
  • You can use this loan for any worthwhile purpose.
  • This includes large purchases and expenses like furniture, electronics, weddings, holidays, surgery, new or used cars, or home renovations.
  • Home renovations
  • You don't need to use an asset as security.
  • This is an advantage if you don't have or don't want to tie up an asset.
  • These loans come with higher interest rates than secured loans.
Personal line of credit loan
  • Revolving line of credit instead of a one-time lump sum payment.
  • Useful if you aren't sure how much you need to borrow.
  • Pay interest only on what you use, not the entire credit limit.
  • Comes with higher interest rates than other lump sum personal loans.
Secured car loans
  • The purchase of a new or used car.
  • By securing the loan with the vehicle, you can get lower interest rates.
  • If you miss your repayments, the lender can repossess the car.
  • You can only use the funds to purchase the car.
  • You also may not be able to borrow enough to cover insurance and other costs.
  • For used cars, there may also be loan requirements around the age and type of car.
Secured loan
  • Use for any worthwhile expense, including home renovations or a new car.
  • Use a vehicle you already own as security.
  • Borrowing amounts are higher and loan terms longer when compared to unsecured personal loans.
  • By securing the loan with an existing vehicle, you can get lower interest rates.
  • If you miss your repayments, the lender can repossess your vehicle.
  • There may also be vehicle requirements around the age of the asset you want to use.
Short term loans
  • Getting a loan even if you have bad credit.
  • More expensive than other personal loans.
  • Short loan terms, and high fees and charges.

Is the lowest interest rate an indication of the "best personal loan"?

The answer is yes and no.

Finding the lowest interest rate is a good indication of a competitive personal loan, but interest rates are not the only feature you should look into. You should also consider other features and fees involved.

Some loans advertise low interest rates but come with high fees. In this case, the loan may cost you more than the benefit you receive from a low rate. This is why you should take note of the comparison rate. It will give you an indication of the overall cost of the loan.

Additionally, if you want features like the ability to repay the loan early, you should consider break costs. Some loans allow you to repay the loan early without penalty. If that's a priority, you should account for this cost too.

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

When you're looking for a personal loan, there are some common misconceptions and mistakes you can make. You should avoid:

🔍 Applying for the first loan you find. The first loan you find may not be the best loan. By searching for other loans and comparing them, you can find what works best for you.

💵 Looking only at the interest rate. As we've mentioned above, you should also consider the comparison rate and loan features.

👀 Not reading loan terms and loan restrictions. You should always be aware of all the fees and restrictions associated with the loan. There could, for instance, be fees associated with extra repayments. Likewise, you may be restricted in terms of how you use the funds. For instance, a car loan can only be used to purchase a car.

💲 Applying for more than you can afford. Lenders are bound by responsible lending laws. According to these laws, they cannot lend you more than you can afford. If you apply for more than you can reasonably repay, your application will likely be rejected. You can work out how much you can afford using a personal loan calculator.

⚠️ Applying to multiple lenders. You may think you're increasing your chances of getting a loan, but this is a no go. This is because every loan application is entered into your credit file. Multiple loan applications in a short period act as a red flag, reducing your chances of getting a loan. Your credit score could also be impacted.

🤔 Not considering all your options before applying. A personal loan may not always be the best option for you, depending on your circumstances. For instance, if you're a low income earner, there are loans designed to address this. You should only apply if you're certain that what you want is a personal loan. It is also important to be sure that using a personal loan is the cheapest option for you.

How do I submit my personal loan application?

💻 After you've compared and found a loan from the table above, you can click "Go to Site".

✍This will take you directly to the lender's website, where you can start the application process.

❗Keep the documents you need on hand. These will include your driver's licence, financial and employment documents, and bank details. If you're applying for a secured loan, you will need details of the asset.

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Lead Editor

Elizabeth Barry was the lead editor for Finder. She has over 10 years' experience writing about a range of topics with a focus on personal finance. You’ll find her writing and commentary in a range of publications and media including Seven News, the ABC, MSN, the Irish Times and Singapore Business Review. See full bio

Elizabeth's expertise
Elizabeth has written 239 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing
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