Compare Fixed Rate Personal Loans

Lock into certainty with a fixed rate personal loan.

Fixed rate personal loans let you lock into a rate at the beginning of your term, keeping your repayments set for the duration of your loan. This type of loan comes with a lot of benefits, but also a few added restrictions when compared to its variable rate counterpart – we break these down for you in this guide to help you decide if a fixed rate loan is right for you.

HSBC Personal Loan Offer

HSBC Personal Loan


9.50 % p.a.

fixed rate


10.06 % p.a.

comparison rate

  • Competitive interest rate
  • Additional payments OK
  • Borrow up to $50,000
Security Logo

100% confidential application

HSBC Personal Loan Offer

A flexible personal loan from HSBC with a tailored interest rate between 9.5% p.a. and 15.99% p.a. based on your risk profile. Early and additional repayments allowed.

  • Interest rate from: 9.50% p.a.
  • Comparison rate: 10.06% p.a.
  • Interest rate type: Fixed
  • Application fee: $150
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
Go to site

Fixed rate personal loan comparison

Rates last updated August 17th, 2018
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
HSBC Personal Loan
From 9.5% (fixed)
1 to 5 years
A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.
SocietyOne Unsecured Personal Loan
From 7.5% (fixed)
2 to 5 years
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.
Latitude Personal Loan (Unsecured)
From 13.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
An unsecured loan with a tailored rate from 13.99% p.a. to 29.99% p.a. designed for multiple purposes including renovating, buying a car or travelling.
NAB Personal Loan Unsecured Fixed
Headline rate 13.49% (fixed)
1 to 7 years
Based on your risk profile you will receive a tailored rate between 11.49% p.a. and 18.99% p.a. (comparison rates between 12.37% p.a. and 19.83% p.a.)
RateSetter 3-Years Personal Loan
From 7.17% (fixed)
0.5 to 5 years
RateSetter offers loans with terms ranging from 6 months to 5 years and comparison rates from 6.39% p.a. - 11.08% p.a. based on your risk profile.

Interest and comparison rates calculated for a 3-year loan term.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
3 to 5 years
$500 (Upfront fee)
Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a.. based on your credit history.
NOW FINANCE Personal Loans
From 7.95% (fixed)
1.5 to 7 years
$395 (Based on $10,000)
Get rewarded with a low interest rate for your good credit history. Rates from 7.95% p.a. to 16.95% p.a. depending on your credit score.
CUA Unsecured Fixed Rate Personal Loan
11.99% (fixed)
1 to 7 years
Apply for a loan up to $60,000 and keep repayments manageable with a competitive fixed rate.
Pepper Money Unsecured Fixed Rate Personal Loan
From 9.99% (fixed)
1 to 7 years
Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.74% p.a. The rate you are approved for depends on individual circumstances.
MyState Unsecured Personal Loan
12.99% (variable)
1 to 7 years
Apply for up to $50,000 and make additional repayments at any time without penalty.
Westpac Unsecured Personal Loan
12.99% (fixed)
1 to 7 years
A competitive, fixed rate personal loan that allows you to make extra repayments.

Compare up to 4 providers

Compare fixed rate personal loans

  • Harmoney Unsecured Personal Loan: 7.69% p.a. comparison rate. A personal loan with a competitive rate based on your credit score.
  • Pepper Money Unsecured Personal Loan: 9.99% p.a. comparison rate. An unsecured personal loan with flexible repayment options and no monthly fees.
  • SocietyOne Unsecured Personal Loan: 9.51% p.a. comparison rate. A SocietyOne personal loan offers lower rates for good credit borrowers.
  • HSBC Personal Loan: 10.06% p.a. comparison rate. Interest rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.
  • How do fixed rate personal loans work?

    Fixed rate personal loans have an interest rate that does not increase or decrease for the duration of the loan term that is stated in your contract. Typical fixed rate personal loans last from one to five years, but some extend up to seven years.

    Having your repayments remain fixed for the life of a loan is a big benefit, but it's important to understand fixed rate personal loans generally come with restrictions. These mostly have to do with repayments. For example, you may not be able to make additional repayments or you may only be able to make repayments up to a set cap. You may also not be able to repay the loan early.

    What features come with these loans?

    Fixed rate personal loans come with a number of benefits, but also a few restrictions. Here are the typical features you can expect:

    • Loan term. Lenders offer varying loan terms depending on the type of loan it is (secured or unsecured) as well as a number of other factors, but you can usually expect a term of between one and five years, with some lenders extending up to seven years. With some loans, part of this term may be fixed, with the other part of the term having a variable rate attached.
    • Repayments stability. The interest rate is fixed, and that means your repayments stay the same for the entirety of your loan term. This is no matter what happens to rates in the market.
    • Early payment penalties. Fixed rate personal loans usually come with fees for paying your loan back early or for making additional repayments. These differ between lenders, but generally, because you are considering ending the fixed term early, you will be expected to pay a fee. You might also find some lenders only charging fees if you repay your loan within a certain period, for example, in the first year.
    • Upfront and ongoing fees. Look out for fees for establishing the loan or ongoing monthly fees. These aren't standard for fixed rate personal loans, so remember to compare what's available.

    What can you use a fixed rate personal loan for?

    Personal loans that come with a fixed interest rate can be suitable to help you finance a range of different purposes:

    • Purchasing a new or used car
    • Home improvements
    • Buying a vehicle such as a motorbike
    • Taking a holiday
    • Consolidating debt from loans and/or credit cards
    • To get married

    "I want a personal loan with a fixed rate – how can I compare my options?"

    Given that there is no shortage of fixed rate personal loans to choose from, compare your options to ensure you end up with the best possible deal. You’ll need to consider the following:

    • Is the loan secured or unsecured? These are the two most basic types of fixed rate personal loans. If you're looking to buy a vehicle or own a property you can consider a secured fixed rate loan and use the asset you own or are looking to buy as a guarantee. Secured loans come with lower interest than their unsecured counterparts because they're less risky for lenders – you'll lose your asset if you fail to repay the loan.
    • What's the interest rate? Comparing interest rates is important – this is the rate you will be paying for the whole term of your loan. Compare the loan against similar offerings to get an idea if it's competitive.
    • How long is the loan term? This ultimately comes down to what you need. You can expect most lenders to offer repayment terms of between one and five years, but some lenders extend their offerings up to seven years. How long do you need to repay the loan? You can lower your repayments with a longer term but you will ultimately pay more interest. Decide what you need and then compare lenders so you can find a loan that's right for you.
    • What fees and penalties will I be charged? Look out for upfront charges such as establishment fees, any ongoing costs in the form of monthly or annual fees, and what you will be charged if you repay the loan early or make extra repayments. Other costs to watch out for include penalties for late payments.

    Benefits and drawbacks of fixed rate personal loans

    • No change in what you pay. Your monthly repayments will stay the same for the entire loan term, allowing you to easily budget.
    • Your rate won't be affected if the market conditions take a turn. If market interest rates decrease you won't have to worry about your interest rate increasing.
    • You still have flexibility with your repayments. You will usually get the choice between weekly, fortnightly or monthly repayments and a choice in how long your loan term is. While early and additional repayment fees are common they differ, so compare to find lesser fees or lenders who do not charge them.
    • There are additional fees. Fixed rate loans tend to attract fees for early repayments and for making additional payments than variable rate loans.
    • You can't benefit from favourable market conditions. If market interest rates improve, the rate applied to your loan won't decrease.
    • There may be restrictions on your repayments. You may not be able to make additional repayments or repay your loan early.

    What you need to avoid with fixed rate loans

    • Taking on a longer loan term than you need. While your repayments might be lower with a longer loan term, you will end up paying more interest. Budget your repayments before you apply and work out a repayment period you can afford.
    • Taking a loan you can’t afford. Establish your ability to repay the loan before you fill in the application. While this is especially true if you take out an unsecured loan, as you stand to lose your collateral, defaulting on an unsecured loan can mean a bad credit rating for the next fives years.
    • Not reading the fine print. Go over your loan contract so you're aware of all fees, charges and conditions.

    Here's how you can apply

    1. Compare + Click. Use the table above to compare your fixed rate personal loan options. Once you find a loan that's right for you, you can click on the lender's name to read a more detailed review or click "Go to Site" to start the application process.
    2. Eligibility + Application. You can confirm your eligibility on the review page and on the lender's website. You will need to meet minimum age, income, employment and credit requirements before submitting your application. Online applications differ, but generally, you will need your personal, financial and employment details.
    3. Approval + Funding. You can usually find out if you're approved or conditionally approved within a few minutes, but some lenders may take longer. You can check back with the lender to find out about the status of your application. If you're approved, your loan can be funded any time from that same day to a week later. Check with the lender for details on a timeframe.

    Not sure if a fixed rate personal loan is right for you?

    There are many different types of loans and some may be better for your individual situation than others. Compare the fixed rate personal loan alternatives below.

    Some questions we've been asked about fixed rate personal loans

Was this content helpful to you? No  Yes

Related Posts

Personal Loan Offers

Important Information*
HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.

SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.

Latitude Personal Loan (Unsecured)

An unsecured loan with a tailored rate from 13.99% p.a. to 29.99% p.a. designed for multiple purposes including renovating, buying a car or travelling.

Citi Personal Loan Plus

Borrow up to $75,000 to use for a range of purposes. You’ll receive a rate of between 8.99% p.a. and 17.99% p.a. depending on your risk profile. (Comparison Rate of 9.96% p.a. to 18.91% p.a.)

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

4 Responses

  1. Default Gravatar
    shellyAugust 28, 2015

    we are wanting to remodel our home. what loan would be good for us?

    • finder Customer Care
      ElizabethAugust 28, 2015Staff

      Hi Shelly,

      Thanks for your question.

      I’m not able to recommend a specific loan to you as the best loan will depend on how much you’re looking to borrow, your financial situation, what you’re eligible for, etc. To remodel your home you can use an unsecured personal loan, some of which are on the page above, or a home equity loan, which secures the loan amount against the equity you hold in your home in gives you a lower rate. You can compare your loan options using the tables on the page above and on the page I’ve linked. Once you’ve found a loan you’re eligible for and that you want to apply for, click ‘Go to Site’ to find out more and submit your application.

      I hope this has helped.



  2. Default Gravatar
    steveSeptember 8, 2014

    is there an organisation i can talk to that would go through all aspects with me on the phone to make sure i’m making the right decision on a personal loan

Ask a question
Go to site