Pros Cons This personal loan doesn't have any upfront or ongoing fees, saving more of your money for paying off the loan. It also allows you to borrow money without risking an asset as security, with flexible repayment frequency options and free early repayment.
Top pick for unsecured loan
NOW Finance No Fee Unsecured Personal Loan
Int. rate
5.95% to
26.95%
Comp. rate
5.95% to
26.95%
Min. Loan Amount
$5,000
Max. Loan Amount
$50,000
Int. rate
5.95% to
26.95%
Min. Loan Amount
$5,000
Finder Award
Comp. rate
5.95% to
26.95%
Max. Loan Amount
$50,000
Summary
An unsecured personal loan with personalised interest rates and a fast application process. There are no fees, flexible repayment options and you can pay out the loan early with no penalty.
What we like about the NOW Finance No Fee Unsecured 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
5.95% to
18.99%
Comp. rate
5.95% to
21.78%
Min. Loan Amount
$5,000
Max. Loan Amount
$100,000
Int. rate
5.95% to
18.99%
Min. Loan Amount
$5,000
Comp. rate
5.95% 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 Greater Bank Secured Personal Loan comes with no ongoing fees and the ability to repay the loan early without penalty. Greater Bank also offers fast turnarounds of 24 hours.
Top pick for bank loan
Greater Bank Secured Personal Loan
Int. rate
6.78%
Comp. rate
7.17%
Min. Loan Amount
$5,000
Max. Loan Amount
$100,000
Int. rate
6.78%
Min. Loan Amount
$5,000
Comp. rate
7.17%
Max. Loan Amount
$100,000
Summary
Borrow up to $100,000 and repay this secured loan with a fixed interest rate of 6.78% p.a. over a period of 1 to 7 years.
What we like about the Greater Bank Secured 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.
Hi my name is hamad and i am an international student studying in australia. I would like to have a loan for $10,000 for a car and other necessities. I have 3 years left in my visa. My salary is $3,900. Is there any place that can provide me with this loan. Thank you.
Hi Hamad,
You can find out some of your options for temporary resident loans through our website.
Hope this helps,
Elizabeth
Hi there, I need to borrow about $8000-$9500 for a car and bond for a house. I work full time but I get paid in cash for the time being. I have payslips from the time I started working here which was 11 months ago. I’m new to this and need a lot of help. Before tax I get $850 weekly after tax I get roughly $720. I have no expenses as I’m living with parents only board which is $130 weekly. Any advice or recommendation would be muchly appreciated thank you.
Hi Keziah,
Thanks for your question.
Lenders have different requirements in terms of eligibility and how they can approve your for a loan – you will usually need to provide documents to prove your income, so payslips will suffice, but you may also need bank statements as well as 100 points of ID and various information about your financial situation, such as your income, employment details, assets, etc.
You can find out what is required for each lender by clicking through the More Info link to read a review of the lender and by clicking Go to Site if you are ready to apply.
As you’re looking to buy a car and to borrow funds for bond, you may also want to consider an unsecured personal loan.
Hope this information has helped,
Elizabeth
I need help for a short team loans. But all my income normally was going though my gf acc or by cash , how I can proof my I got full time job? Need loans asap.thx for help me
Hi Zhenyufan,
The majority of lenders will need to see three months of banking history where your income was going in order to verify it. You can compare short term cash loans and find out what documentation is required to be approved. You may also have more luck applying at a lender that has a physical branch, so you can bring in your payslips and verify your income that way.
Hope this has helped,
Elizabeth
Hello
I’m looking at getting out a personal loan to pay for cosmetic procedures & to pay off the rest of my credit card.
I’m looking at loaning $25,000 and my credit card has $3,000 remaining.
I’d like to make monthly payments of $1,000.
I’m very unsure about ‘variable’ and ‘fixed’ rates (this is all very new to me!)
Any advice would be appreciated :)
Thank you
Hi Sarah,
Thanks for your question.
A fixed interest rate is locked into your personal loan at the beginning of your loan term and won’t change, while a variable rate may change over the course of the loan. Fixed-rate personal loans tend to come with terms of between one and five years while variable rates can extend up to seven. You may also find more flexibility with a variable rate loan, for instance, you may be able to repay your loan early or make extra repayments, but you may be charged a fee for doing so with a fixed-rate loan.
You can compare fixed rate personal loans and variable rate personal loans.
To work out your repayments, simply enter your desired loan amount ($28,000) at the comparison tables on either of those pages and you’ll be able to see your ongoing repayments for each of the options listed. To find out more information for any of the lenders you can click on the name of the lender, or to head to the lender’s website or apply, click “Go to Site”.
Hope this has helped,
Elizabeth
Is it possible to get a personal loan to payout 6 credit cards. 2 cards are now charging interest all the rest are interest free for a bit longer. I’m keeping up with all the payments but it’s getting too much to have so many to deal with. I want a loan that I can pay off early with no penalty fees. I also want one that I can pay as much as I can afford each fortnight.
Hi Kerry,
This is possible with an unsecured personal loan, as the way you use your loan amount is generally up to you. You may want to consider opting for a variable rate personal loan as these generally have more flexibility when it comes to repaying early without penalty or to make additional ongoing repayments. Comparing lenders will help you find the right one for your needs and situation, and once you’ve found a lender you can click “Go to Site” to submit your application.
Hope this has helped.
Elizabeth