Personal loan comparison today, jet ski tomorrow
Personal loans for whatever your needs in a jiffy.
What different scores mean
9+
Excellent
The crème de la crème of personal loans. These products offer the lowest cost loans accompanied by the best features.
7+
Great
Slightly higher in cost and fewer features, but these products are still competitive.
5+
Standard
Typically offering above average rates and possibly lacking in the features department.
0+
Basic
The least competitive in terms of both cost and features.
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How we picked these3 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.
More resources on Finder
More guides on Finder
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OurMoneyMarket personal loans
OurMoneyMarket offers personal loan solutions for whatever your need. Whether you want to buy a new car, pay for your wedding or renovate your home, you can choose between secured and unsecured loan options.
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Plenti Loans
Looking for a competitive rate personal, green or car loan? Plenti is a consumer-based lender that has provided Australians with over $800 million in bespoke funding since 2014. Find out more about Plenti's loan options here.
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Personal loans for self-employed borrowers
Find out what personal loan options are available to you as a self-employed person and how you can be approved.
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MONEYME Personal Loans
MONEYME offers a range of personal loans for borrowers with a variety of needs. If you have good credit you'll be rewarded with lower rates and you can receive approved funds in a few hours.
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Heritage Bank Personal Loans
Heritage Bank offer a range of personal loans you can apply for. Find out more here.
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Compare renovation loans
We’ve written about how you can fund your dream renovation and renovation dos and don’ts.
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Cosmetic Surgery Loans
Compare financing options for plastic surgery and cosmetic procedures. Flexible, low rate options available.
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ANZ Fixed Rate Personal Loan
If you are budget-conscious and looking for a personal loan with clear expectations and repayments, the ANZ Fixed Rate Personal Loan is an option worth considering. With low fees and a competitive interest rate, this loan might be an option for you.
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ANZ Variable Rate Personal Loan
The ANZ Variable Rate Personal Loan may be a great choice for borrowers who want options. With a free redraw facility and the option to make additional repayments, borrowers get the comfort of a personal loan that will let them access much-needed funds.
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ANZ Personal Loans
ANZ has a wide array of personal finance products that can help you consolidate your debt, finance a new car or motorbike purchase at a competitive rate, or any number of things. Find out what's in store when you apply for an ANZ personal loan.