Unsecured personal loans in Australia

With faster applications and approvals, you could get your unsecured personal loan approved on the same day.

Citi Personal Loan Plus

Citi Personal Loan Plus

8.90 %p.a.

variable rate

9.18 %p.a.

comparison rate

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Compare unsecured personal loans

An unsecured personal loan lets you borrow money without using an asset as security. They can have shorter applications and faster approval times than secured loans. However, unsecured personal loans are more expensive than secured loans.

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a guaranteed rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. Note: This rate may vary during the loan term.
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.
Plenti Personal Loan

From 5.43% (fixed)
5.43%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 5.43% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.

OurMoneyMarket Personal Loan

From 6.29% (fixed)
6.54%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.29% 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.

⭐Special Offer: If your loan is approved before June 30th, you will get a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months regardless of your credit score.
Alex Personal Loan

From 5.45% (fixed)
5.45%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.45% 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 11 August 2021.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
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.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
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.
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Borrow up to $50,000 with interest rate from 5.75% p.a. to 25.99% p.a. and earn 1 Qantas Point for every $1 borrowed.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
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

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
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.

⭐ Finder Exclusive: Get a $200 cashback if your loan is approved by June 30 2021. T&Cs apply.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
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.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 7 years
$195
$0
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: Wisr's standard establishment fee $595 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 7 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 7 years.
RACQ Bank Personal Loan Special

From 9.34% (variable)
9.75%
$3,000
1 to 5 years
$200
$0
You'll receive a variable rate from 9.34% p.a.
A low minimum borrowing amount of $3,000 that you can use for a range of purposes. Benefit from member discounts and flexible repayments. Only available to QLD residents
Great Southern Bank Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
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.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
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

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
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.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Plenti Variable Rate Personal Loan

From 5.43% (variable)
5.43%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 5.43% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable 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.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
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 $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
People's Choice CU Discounted Personal Loan

From 7.99% (fixed)
8.35%
$10,000
1 to 10 years
$250
$0
You'll receive a fixed rate from 7.99% p.a. for 5 years
Secure this loan with a vehicle up to 7 years old and benefit from long loan terms up to 10 years and pre-approval.
Heritage Bank Standard Variable Personal Loan
11.99% (variable)
12.61%
$5,000
1 to 7 years
$200
$5
Choose a variable rate loan and receive a 12.61% p.a. comparison rate
Variable rate loans are available from $5,000 - $100,000 on terms of 1 to 10 years.
People's Choice CU Unsecured Personal Loan (Low Rate)
7.99% (fixed)
9.72%
$2,000
1 to 7 years
$250
$0
You’ll receive a fixed rate from 7.99% p.a. based on your risk profile
Borrow between $2,000 and $40,000 up to 7 years. No penalties for early payout or additional repayments and no monthly account fee.
ING Personal Loan
8.99% (fixed)
9.13%
$5,000
2 to 7 years
$100
$0
You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $60,000.
Pepper Money Unsecured Fixed Rate Personal Loan

From 6.95% (fixed)
8.57%
$5,000
18 months to 7 years
4% of the loan amount, capped at $495
$13
You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.
Westpac Unsecured Personal Loan
9.99% (fixed)
11.16%
$4,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 9.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Note: These rates are for customers who apply and get approved by 18 May 2021. Terms and conditions apply.
Easy Street Fixed Rate Personal Loan
8.99% (fixed)
9.27%
$3,000
1 to 5 years
$195
$0
You'll receive a fixed rate of 8.99% p.a.
Borrow between $3,000 and $35,000 on terms from 1 to 5 years. No deposit, monthly fees or security needed.
MoneyPlace Unsecured Personal Loan

From 6.45% (fixed)
6.45%
$5,000
3 to 7 years
0% to 5.5% of loan amount, capped at $950
$0
You'll receive a fixed rate between 6.45% p.a. and 26.99% p.a. based on your risk profile
A no-frills personal loan that you can use for any purpose. Loan amounts available up to $50,000 and early repayments allowed.
Liberty Personal Loan

From 7.65% (fixed)
7.65%
$5,000
3 to 7 years
0% to 5.5% of loan amount, capped at $950
$0
You'll receive a fixed rate between 7.65% p.a. to 26.99% p.a. based on your risk profile
Apply for a credit limit from $5,000 to $50,000 on terms from 3 to 7 years and pay no ongoing fees or charges.
CommBank Variable Rate Personal Loan

From 11.50% (variable)
12.38%
$4,000
1 to 7 years
$150
$10
You'll receive a variable rate between 11.50% p.a. and 18.50% p.a. based on your risk profile
A variable rate personal loan with flexible loan features.
People's Choice CU Unsecured Personal Loan
13.99% (fixed)
15.78%
$2,000
1 to 7 years
$250
$0
You’ll receive a fixed rate of 13.99% p.a. based on your risk profile
Loans are available from $2,000 - $40,000 on terms of up to 7 years without the need for asset security.
Bendigo Bank Unsecured Personal Loan
12.79% (fixed)
14.84%
$2,000
1 to 7 years
$150
$5
You'll receive a fixed rate of 12.79% p.a.
Perfect for your dream holiday or any number of needs where you don't offer security.
CommBank Fixed Rate Personal Loan

From 9% (fixed)
9.90%
$4,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 9% p.a. and 16% p.a. based on your risk profile
Fixed interest rate and repayments for the life of the loan. Make extra repayments up to an additional $1,000. Applications funded by 4 July 2021 will receive a 2.50% p.a. discount on the interest rate (the interest rate shown is inclusive of this discount).
Bankwest Unsecured Personal Loan
10.99% (fixed)
11.32%
$3,000
3 to 7 years
$195
$5
You'll receive a fixed rate of 10.99% p.a.
Borrow from $3,000 to $50,000 with the flexibility to repay over 3 to 7 years.
BankSA Unsecured Variable Rate Personal Loan

From 8.89% (variable)
9.99%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 8.89% p.a. and 18.90% p.a. based on your risk profile
An unsecured loan up to $50,000 with flexible features such as a redraw facility and early repayment.
BOQ Unsecured Fixed Personal Loan
10.99% (fixed)
11.71%
$3,000
1 to 7 years
$150
$7.50
You can choose a fixed or variable interest rate
Benefit from choice, with the option of an unsecured or mortgage-back loan and a fixed or variable interest rate. Loans from $3,000.
BankSA Unsecured Fixed Rate Personal Loan

From 6.89% (fixed)
8.01%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 6.89% p.a. and 18.90% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 on a loan you can use for a range of purposes.
Bank of Melbourne Unsecured Variable Rate Personal Loan

From 8.89% (variable)
9.99%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 8.89% p.a. and 18.90% p.a.
A flexible loan with a low minimum borrowing amount and a variable interest rate.
Bank of Melbourne Unsecured Fixed Rate Personal Loan

From 6.89% (fixed)
8.01%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 6.89% p.a. and 18.90% p.a.
A low minimum borrowing amount of $2,000 make this loan suitable for a range of purposes.
HSBC Unsecured Personal Loan

From 8.50% (fixed)
9.06%
$5,000
1 to 5 years
$150
$5
You'll receive a fixed rate between 8.50% p.a. and 16.99% p.a. based on your risk profile
An unsecured personal loan with a tailored, fixed rate where you can make additional and early repayments without penalty.
MyState Bank Unsecured Fixed Rate Personal Loan
9.99% (fixed)
12.45%
$3,000
1 to 7 years
$200
$5
You’ll receive a fixed rate of 9.99% p.a. (comparison rate of 12.45% p.a.)
Loans are unsecured and available to applicants with good credit histories.
MyState Bank Unsecured Personal Loan

From 9.99% (variable)
13.51%
$3,000
1 to 7 years
$200
$10
You'll receive a variable rate from 9.99% p.a.
Apply for up to $50,000 and benefit from features such as fast approval, free online redraws and no penalties for early repayment.
Bank Australia Lifestyle Personal Loan
11.89% (variable)
12.94%
$1,000
1 to 10 years
$150
$0
You'll receive a variable rate of 11.89% p.a.
Apply for what you need starting from $1,000 and have up to 1 years to repay. Early and additional repayments allowed.
Bank Australia Personal Loan Property Owner
7.89% (variable)
8.92%
$1,000
1 to 10 years
$150
$0
You'll receive a variable rate of 7.89% p.a.
Homeowners can benefit from more competitive rates without risking their property. Apply for amounts from $1,000 and enjoy flexible repayments.
Coles Personal Loan flybuys Members

From 9.99% (variable)
10.95%
$5,000
3 to 5 years
$199
$10
You will receive a variable interest rate between 9.99% p.a. and 17.99% p.a. based on your risk profile.
Borrow up to $50,000 and benefit from exclusive flybuys member interest rates, extra points and additional savings on your Coles groceries. Note: Establishment fee reduced to $99 for applications submitted by 21 May 2021. A $10 monthly fee applies for the first 12 months.
Coles Personal Loan Non - flybuys Members

From 12.99% (variable)
13.93%
$5,000
3 to 5 years
$199
$10
You will receive a variable interest rate between 12.99% p.a. and 19.99% p.a. based on your risk profile.
Borrow up to $50,000 with additional rewards like flybuys points and savings on your Coles shopping. Note: Establishment fee reduced to $99 for applications submitted by 21 May 2021. A $10 monthly fee applies for the first 12 months.

Nimble Personal Loan

From 8.99% (fixed)
10.31%
$5,000
6 months to 4 years
$250 ($195 For Loans $5000 to $10000)
$0
You'll receive a personalised rate of between 8.99% p.a. and 29.99% p.a. based on your risk profile.
Borrow up to $25,000 over a 4 year loan term.
Auswide Bank Personal Loan

From 9.90% (fixed)
10.54%
$3,000
1 to 7 years
$175
$5
You'll receive a fixed rate from 9.90% p.a.
Borrow up to $50,000 for any worthwhile purpose, with the option for additional payments and a redraw facility.
ME Personal Loan
10.98% (fixed)
11.35%
$5,000
1 to 7 years
$250
$0
You'll receive a fixed rate of 10.98% p.a. with a comparison rate of 11.35% p.a.
Borrow up to $50,000 with flexible repayment options and no ongoing fees.
RACV Personal Loan

From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
A secured personal loan with a competitive rate to help you fund a range of purposes. Benefit from no ongoing fees. Note: Product only available to residents of Victoria.
Newcastle Permanent Unsecured Loan

From 8.99% (fixed)
10.73%
$1,000
1 to 7 years
$250
$0
You'll receive a fixed rate from 8.99% p.a.
Borrow up to $40,000 with loan terms ranging from 1 to 7 years.
bcu Unsecured Freedom Loan

From 9.30% (variable)
10.69%
$4,000
1 to 5 years
$200
$8
You'll receive a variable rate from 9.30% p.a.
Apply for up to $75,000 and use it for a range of purposes. Benefit from flexible repayments and a redraw facility.
Hume Unsecured Personal Loan

From 10.95% (fixed)
11.17%
$2,000
1 to 5 years
$150
$0
You'll receive a fixed rate from 10.95% p.a.
Borrow starting from $2,000. Flexible repayment schedule that lets you choose weekly, fortnightly or monthly repayments.
Community First Credit Union Fixed Personal Loan

From 11.99% (fixed)
12.28%
$3,000
1 to 5 years
$195
$0
You'll receive a fixed rate from 11.99% p.a. ( comparison rate 12.28% p.a. )
Redraw available, no penalty for early loan repayment and lump sum repayments allowed.
St.George Unsecured Personal Loan - Fixed Rate

From 6.89% (fixed)
8.01%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 6.89% p.a. and 18.90% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 to fund a range of purposes.
St.George Unsecured Personal Loan - Variable Rate

From 8.89% (variable)
9.99%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 8.89% p.a. and 18.90% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 plus the convenience to make extra repayments and redraw them if you need them.
Teachers Mutual All Purpose Personal Loan

From 13.19% (variable)
13.90%
$2,000
Up to 6 years
$100
$0
You'll receive a variable rate from 13.19% p.a.
Enjoy a competitive rate to consolidate debt, invest or make a large purchase.
Gateway Personal Loan - Fixed Rate

From 10.59% (fixed)
11.63%
$3,000
1 to 5 years
$149
$0
You'll receive a fixed rate from 10.59% p.a.
Whether you're taking a holiday, renovating your home, buying a car, or need to consolidate debt, we have a personal loan to suit your needs.
Gateway Personal Loan - Variable Rate

From 9.84% (variable)
10.87%
$3,000
1 to 7 years
$149
$0
You'll receive a variable rate from 9.84% p.a.
A variable rate personal loan with no account keeping fee.
Sydney Mutual Bank Unsecured Personal Loan

From 7.99% (variable)
8.20%
$1,000
1 to 7 years
$150
$0
You’ll receive an introductory rate from 7.99% p.a.
An unsecured personal loan up to $40,000 and no annual or monthly fees.
Geelong Bank Personal Loan

From 9.95% (variable)
10.27%
$1,000
Up to 7 years
$195
$0
You'll receive a rate from 9.95% p.a. with a comparison rate of 10.27% p.a.
Have the ability to make extra repayments and redraw on those payments without penalty.
Community First Credit Union Variable Personal Loan

From 11.99% (variable)
12.28%
$3,000
1 to 5 years
$195
$0
You'll receive a variable rate from 11.99% p.a.
Redraw available, no penalty for early loan repayment and lump sum repayments allowed.
Beyond Bank Flexi Personal Loan

From 12.49% (variable)
12.75%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate from 12.49% p.a. ( comparison rate 12.75% p.a. )
Flexi Personal Loan gives you the power to bring your plans to life with added option of a redraw facility, for loans with a variable interest rate.
Beyond Bank Low Rate Personal Loan

From 6.49% (fixed)
7.18%
$5,000
1 to 7 years
$175
$5
You'll receive a fixed rate from 6.49% p.a.
Low Rate Personal Loan helps you get your plans into gear with low, fixed interest rate and flexible repayment options.
Beyond Bank No fee Personal Loan

From 7.49% (fixed)
7.49%
$10,000
1 to 7 years
$0
$0
You'll receive a fixed rate from 7.49% p.a.
No Fee Personal Loan offers an attractive fixed interest rate, so your repayments stay the same for the life of the loan.
Qudos Bank Personal Loan
10.74% (variable)
11.79%
$5,000
Up to 7 years
$150
$0
You'll receive a variable rate of 10.74% p.a. ( comparison rate 11.79% p.a. )
Can help you make those holiday plans a reality, getting you to your dream destination sooner without any establishment and monthly service fee.
Australian Unity Unsecured Loan

From 14.99% (variable)
16.36%
$5,000
1 to 7 years
$199
$0
You'll receive a variable rate from 14.99% p.a.
An unsecured loan is provided when there is no asset presented as security against the amount borrowed with no application fee.
Credit Union SA Fixed Rate Personal Loan

From 7.99% (fixed)
8.34%
$5,000
1 to 7 years
$250
$0
You'll receive a fixed rate from 7.99% p.a.
No monthly loan or account keeping fees and flexible repayment options.
Credit Union SA Variable Rate Personal Loan

From 13.60% (variable)
13.97%
$5,000
1 to 7 years
$250
$0
You'll receive a variable rate from 13.60% p.a.
Able to make extra repayments without penalty, to access and redraw those additional repayments at any time and at no charge
BankVic Personal Loan

From 9.95% (variable)
10.11%
$500
$90
$0
Competitive variable rate loans with no application, management or annual fees.
Bank First Personal Loan
9.64% (variable)
11%
$5,000
1 to 7 years
$195
$0
You'll receive a variable or fixed rate of 9.64% p.a.
A personal loan with competitive variable and fixed interest rates and flexible repayment options so you will not have to compromise your lifestyle.
ILLAWARRA Credit Union Unsecured Fixed Rate Personal Loan

From 9.75% (fixed)
10.04%
$2,000
1 to 5 years
$200
$0
You'll receive a fixed rate from 9.75% p.a.
You can borrow for a car, computer, TV, furniture or a holiday. No monthly account keeping fees and early repayments without penalty
Endeavour Mutual Bank Unsecured Personal Loan

From 7.99% (variable)
8.20%
$1,000
1 to 7 years
$150
$0
You'll receive a variable rate from 7.99% p.a.
Can be used to buy a plasma TV, a holiday or even home renovations. Early repayment without penalty.
Coastline CU Personal Loan - Unsecured

From 11.44% (variable)
12.85%
$10,000
1 to 7 years
$200
$0
You'll receive a variable rate from 11.44% p.a.
Competitive personal loan option available for for any worthwhile purpose with terms up to 7 years.
MacArthur CU Unsecured Personal Loan

From 15.99% (variable)
16.29%
$1,000
Up to 7 years
$250
$0
You'll receive a variable rate from 15.99% p.a.
To take that well earned vacation, complete your home renovations or buy your first car, highly competitive interest rates and fast approval times.
Southern Cross CU Unsecured Personal Loan
8.65% (fixed)
9.01%
$5,000
3 to 7 years
$250
$0
You'll receive a fixed rate of 8.65% p.a.
Offer competitive interest rates and no early repayment fees and fast approvals.
Macquarie CU Unsecured Personal Loan (less than $15k)

From 14.20% (variable)
16.61%
$1,000
1 to 7 years
$200
$5
Competitive interest rates and little or no fees, those dreams of yours are just at your fingertips.
MOVE Personal Loan
13.74% (variable)
14.79%
$2,000
1 to 5 years
$150
$0
You'll receive a variable rate of 13.74% p.a.
Fast approval, automatic repayments with competitive, low variable interest rate.
UniBank All Purpose Personal Loan

From 13.19% (variable)
13.90%
$2,000
6 months to 6 years
$100
$0
You'll receive a variable rate from 13.19% p.a.
Enjoy an unsecured loan option with minimum loan amount of $2,000 to fund a range of purposes.
The Capricornian Personal Loan

From 8.95% (variable)
9.31%
$5,000
1 to 5 years
$250
$0
You'll receive a variable rate from 8.95% p.a.
Variable rate general purpose personal loan product, can be used for any worthwhile (legal) personal purpose.
Fire Service CU Prime Unsecured Personal Loan

From 13.90% (variable)
15.27%
$1,000
Up to 10 years
$200
$0
You'll receive a variable rate from 13.90% p.a.
Offer for borrowing for a car, computer, TV, furniture or a holiday in competitive interest rate.
Fire Service CU Redi Loan

From 9.95% (variable)
17.91%
$1,000
Up to 2 years
$200
$0
With a Fire Service Credit Union RediLoan, you can enjoy a low interest rate for a short term loan.
Bank of Heritage Isle Personal Loan

From 5.79% (variable)
5.92%
$5,000
1 to 5 years
$98
$0
You'll receive a variable rate from 5.79% p.a.
Competitive rate personal loan you can borrow funds for any worthwhile purpose with no monthly fee.
Horizon Bank Budget Personal Loan

From 11% (variable)
11.15%
$500
Up to 5 years
$100
$0
You'll receive a variable rate from 11% p.a.
Designed to help you get access to the funds you need to execute your plans whatever it is you want, a big screen TV, a holiday or even home renovations.
Maleny CU Personal Loan

From 8.99% (variable)
9.28%
$3,000
Up to 7 years
$250
$0
You'll receive a variable rate from 8.99% p.a.
Developed to provide members with an all-purpose loan for any worthwhile purpose with no Annual and Monthly fee.
AWA Alliance Bank Personal Loan

From 11.70% (variable)
11.70%
$1,000
1 to 7 years
$0
$0
You'll receive a variable rate from 11.70% p.a.
A loan for a variety of purposes, whether it's to buy a home or investment property, a new car, to take a holiday, debt consolidation.
Circle Alliance Bank Unsecured Personal Loan

From 12.90% (variable)
13.96%
$500
1 to 7 years
$150
$0
You'll receive a variable rate from 12.90% p.a.
Can be used for any worthwhile purpose. From travel to debt consolidation, the unsecured personal loan gives you one easy repayment option.
Maitland Mutual Unsecured Personal Loan

From 12.75% (fixed)
13.05%
$5,000
1 to 5 years
$200
$0
You'll receive a fixed rate from 12.75% p.a.
Can help make turn your dreams into a reality with fixed repayments, no monthly or annual fees and no penalty for early repayments.
MoneyForJam Personal Loan

From 7.69% (fixed)
8.50%
$4,000
1 to 7 years
$150
$13
You'll receive a fixed rate from 7.69% p.a.Get access to a panel of 40+ lenders to borrow any amount between $4,000 and $50,000 .
Bankstown City Unity Bank Personal Loan
9.99% (variable)
10.55%
$500
1 to 7 years
$150
$5
You'll receive a variable rate of 9.99% p.a.
Can buy a boat, install a pool or planning for your dream holiday. No annual fees and no penalty for early repayments.
Laboratories CU Personal Loan

From 12.75% (variable)
12.78%
$2,000
Up to 7 years
$20
$0
You'll receive a variable rate from 12.75% p.a.
Standard Personal Loan to purchase household goods, a boat, a holiday, for minor home improvements, and other purposes.
Queensland Country Bank Unsecured Personal Loan

From 12.95% (variable)
13.78%
$1,000
Up to 5 years
$120
$10
You'll receive a variable rate from 12.95% p.a.
Available for a range of purposes, terms up to 5 years and no security required
Australian Military Bank Fixed Rate Personal Loan

From 5.85% (fixed)
6.70%
$4,000
1 to 5 years
from $100 to $500
$10
You'll receive a fixed rate between 5.85% p.a. and 12.40% p.a. based on your risk profile
An unsecured loan with a low minimum borrowing amount and flexible repayment options.
Australian Military Bank Variable Rate Personal Loan

From 5.85% (variable)
6.70%
$4,000
1 to 7 years
from $100 to $500
$10
You'll receive a variable rate between 5.85% p.a. and 12.40% p.a. based on your risk profile
An unsecured loan with flexible repayment options and a low minimum borrowing amount.
Greater Bank Unsecured Personal Loan

From 8.95% (fixed)
9.34%
$5,000
1 to 5 years
$275
$0
You'll receive a fixed rate from8.95% p.a.Benefit from no monthly fees and the ability to repay the loan early without penalty.
IMB Unsecured Personal Loan
9.54% (fixed)
11.28%
$2,000
1 to 5 years
$250
$0
You'll receive a fixed rate of 9.54% p.a.
A low minimum borrowing amount of $2,000 to use for any purpose. No monthly fees and repay your loan early without penalty.
Brighte Personal Loan

From 8.99% (fixed)
10.14%
$1,000
2 to 7 years
$299
$6
You'll receive a fixed rate from 8.99% p.a.
Apply Brighte Personal Loan for making your dream home in real.
BankSA Unsecured Personal Overdraft

From 14.99% (fixed)
$500
$0
$5
Be prepared for unexpected expenses, no set repayment term and no expiry date
Regional Australia Bank Personal Loan

From 15.99% (variable)
17.37%
$500
Up to 7 years
$195
$0
You'll receive a variable rate of 15.99% p.a. ( comparison rate 17.37% p.a. )
Borrow between $500 and $50,000 with loan terms between and 1 and 7 years. Weekly, fortnightly and monthly repayment options available.
QBank All Purpose Personal loan

From 10.49% (variable)
11.11%
$1,000
You'll receive a variable rate of 10.49% p.a.
A competitive priced personal loan with no penalties for extra repayments and a redraw facility.
Unity Bank Personal Loan Variable
9.99% (variable)
10.55%
$500
Up to 7 years
$150
$0
You'll receive a variable rate of 9.99% p.a. ( comparison rate 10.55% p.a. )
Great variable interest rate and the flexibility to make extra repayments without penalty so you can manage your loan as you choose.
Firefighters Mutual Bank All Purpose Personal Loan

From 13.19% (variable)
13.90%
$2,000
$100
$0
You'll receive a variable rate of 13.19% p.a. ( comparison rate 13.90% p.a. )
A flexible loan with amounts starting $2,000 that offers flexible repayments and a redraw facility.
Orange CU Unsecured Personal Loan

From 12.99% (variable)
14.73%
$2,000
18 months to 6 years
$0
You'll receive a variable rate of 12.99% p.a. ( comparison rate 14.73% p.a. )
A flexible loan with amounts starting $2,000.
Pulse CU Personal Loan

From 11% (variable)
11.05%
$1,000
Up to 10 years
$200
$0
You'll receive a variable rate of 11% p.a. ( comparison rate 11.05% p.a. )
Can be used for for a new car, boat, caravan, holiday, renovations or debt consolidation, no ongoing fees and no extra repayment fee.
Transport Mutual CU Unsecured Personal Loan

From 15.25% (variable)
15.51%
$1,000
1 to 7 years
$195
$0
You'll receive a variable rate of 15.25% p.a. ( comparison rate 15.51% p.a. )
Personal loan without offering any kind of security and go on to use the loan amount for just about any purpose.
Unity Bank Fixed Rate Personal Loan
9.99% (fixed)
10.55%
$500
1 to 7 years
$150
$0
You'll receive a fixed rate of 9.99% p.a. ( comparison rate 10.55% p.a. )
Provides you with the peace of mind that comes from knowing that your rates and repayments remain the same for a fixed period.
Lysaght CU Personal Loan

From 8.84% (variable)
8.84%
$500
1 to 7 years
$0
You'll receive a variable rate of 8.84% p.a. ( comparison rate 8.84% p.a. )
Quick approval personal loan with no application fee.
Warwick CU Personal Loans

From 12.75% (variable)
13.46%
$10,000
1 to 5 years
$150
You'll receive a variable rate of 12.75% p.a. ( comparison rate 13.46% p.a. )
Flexible repayment options, lump sum payments without penalty and low monthly loan service fees.
Money3 Personal Loan
19.95% (fixed)
38.01%
$2,000
1 to 3 years
from $220 to $990 depending on loan amount
$28
You'll receive a fixed rate of 19.95% p.a.
Apply for up to $12,000 and have up to 3 years to repay.
BDCU Alliance Bank Unsecured Personal Loan

From 12.99% (fixed)
16.35%
$3,000
1 to 7 years
$250
$5
You'll receive a fixed rate from 12.99% p.a.
Competitive rates, unsecured loans available and convenient.
South West CU Standard Unsecured Personal Loan

From 20.05% (variable)
21.41%
$1,000
1 to 5 years
$250
$0
You'll receive a variable rate of 20.05% p.a. (21.41% p.a. comparison rate) based on your risk profile
If you just want a basic competitive loan without all the extras, Standard Unsecured Personal Loan is for you.
Defence Bank Personal Loan

From 8.99% (variable)
9.96%
$1,000
1 to 7 years
$150
$10
You'll receive a variable rate of 8.99% p.a. ( comparison rate 9.96% p.a. )
Simply choose what you're comfortable with and what suits your lifestyle and with no ongoing fees or early payout fees.
Great Southern Bank Unsecured Variable Rate Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a guaranteed rate of 11.89% p.a. with a comparison rate of 12.15% p.a. if you're approved. Note: This rate may vary during the loan term.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
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What is an unsecured personal loan?

An unsecured personal loan is money you borrow from a bank or a lender to pay for a big expense.

It is called "unsecured" as you don't need to provide a personal asset (like your house or car) as security for the loan. Because the lender does not have an asset as security, their risk is higher. As a result, these loans have higher interest rates.

These loans can be for amounts as small as $1,000 or for larger amounts up to $100,000. You can pay the loan off over a period of time that you set.

You can take an unsecured personal loan to pay for your wedding, home renovations, dream holiday, a new car or cosmetic surgery, for example. It can also be used to pay off your existing debt or consolidate other, higher interest debts.

Unsecured personal loans can be used for single or multiple purposes, unlike secured loans.

What is the comparison rate on an unsecured personal loan?

A comparison rate helps you understand the true cost of a loan. Displayed as a percentage, this rate includes both the interest rate and the various fees and charges that come with the loan. That's why it is generally higher than the displayed interest rate. Please read our guide to personal loan comparison rates for more information.

Interest rate guide

Why opt for an unsecured personal loan?

  • To pay for large expenses. An unsecured personal loan is useful if you have large expenses coming up, such as home renovations, a wedding, medical expenses or holidays, and you don't have assets or the money up front.
  • If you don't want to risk your assets. You may be unwilling to risk your personal assets by using them as security. Or you may have already used your asset/s as security for other loans. In such instances, an unsecured personal loan may help you finance those upcoming expenses.
  • To consolidate existing debt. You can use an unsecured personal loan to pay off other, higher interest debts at a lower rate. It can also be used to consolidate multiple debts to save on fees and simplify your repayments.
  • For emergencies. In case of emergencies like car repairs, medical expenses or urgent travel, you could take out an unsecured personal loan instead of a costlier payday loan.

What are the benefits and drawbacks of unsecured personal loans?

Are you wondering how unsecured personal loans compare against secured personal loans? We've highlighted the pros and cons of unsecured personal loans below.

Pros

  • Flexible. Compared to secured loans, unsecured loans have fewer restrictions on how you can use the money.

With secured personal loans, you can only use the money for a specific purpose, such as purchasing a car.

You can use an unsecured personal loan for a single expense, such as a large medical bill. Or you could use it to pay for various expenses, such as renovating your home and buying new furniture or appliances.

  • Lower risk to assets. As you haven't put up any collateral to secure the loan, the risk to your personal property is lower. With a secured loan, the lender can claim your asset if you don't pay the money back.
  • Shorter applications and approvals. Applications for unsecured personal loans are shorter. This is because you do not have to prove ownership of an asset. As a result, they are also approved faster, sometimes within the same day.
  • Options for bad credit. If you have a bad credit score, you may still be able to take out an unsecured loan, although lending rates tend to be significantly higher.

Cons

  • Higher interest rates. Compared to secured personal loans, unsecured loans tend to have higher interest rates. This makes them more expensive.

This is because the lender does not have an asset as security, making the loan more risky. To protect against this, the interest rate is higher.

  • Additional fees. You may be charged fees for paying late, or even for repaying your loan early. And if you fail to make your repayments, the lender can take legal action against you.

What should I look for when comparing?

  • Comparison rate. The comparison rate is the true cost of the loan. This is displayed as a percentage. It includes both the interest rate and the various fees and charges that come with the loan. The comparison rate is often higher, but never lower than the interest rate. It is how much you will actually pay for the loan.
  • Fixed or variable interest rates. The rate of interest for an unsecured personal loan can either be fixed or variable. A fixed interest rate stays the same over the loan period. In contrast, a variable rate of interest can change on a monthly basis depending on the interest rate set by the lender. You can choose between the two based on what suits your circumstances.
  • Competitive rates. Some lenders provide a better interest rate than others. This should not be all you look for. With some lenders, the interest rate may be competitive but the total cost of the loan may be high. Interest rates for unsecured personal loans usually range from 7.5% to 18%.
  • Loan terms and repayment. Apart from the cost of the loan, you should also take into consideration the length of your loan. You should also calculate how much your repayments will cost. This will help you determine whether you can afford the loan. It will also tell you what you will be paying in terms of rates and fees over the life of the loan.
  • Loan amounts. Minimum and maximum loan amounts are set by lenders and usually vary between $1,000 to $100,000. It's important to check if the amount you need is within the range offered by the lender.
  • Additional fees. These can include establishment, ongoing and administration fees, and will add to the overall cost of your loan. Some loans may waive them altogether, but in some cases it may be unavoidable. When comparing the cost of the loan, make sure you consider both the fees and interest rates in your calculations.

What should I avoid?

  • Borrowing more than you need. When it comes to loans, more money isn't always better. If you borrow more than you actually need you'll end up paying more in fees and interest than it's worth. Our personal loan repayment calculator can help you estimate your repayments and help you work out what's affordable.
  • Unlicensed lenders. Always ensure you are getting your loan from a lender licensed with the Australian Securities and Investments Commission (ASIC). At Finder, we only include licensed lenders for you to compare. You could also search for your lender on the ASIC Professional Register.
  • Providing false information. When applying for an unsecured personal loan, you will need to tell the lender what you need the funds for. Always be upfront and honest.

What can I use an unsecured personal loan for?

There are a multitude of options for what you can use your unsecured personal loan for:

Why is the interest rate higher than a secured loan?

Interest rates on unsecured loans are higher for borrowers, as lenders are taking on a higher risk. If your loan is secured, the lender can take ownership of the asset you've used as collateral to cover the cost of the loan. Because they don't have that collateral on an unsecured loan, to safeguard themselves, lenders charge more interest so that they have more to fall back on should you fail to meet your repayments.

Should I choose a fixed or variable interest rate?

You will be given two options when it comes to your rate of interest: either a fixed or variable interest rate.

A fixed interest rate is when the rate of interest on your loan doesn't change over the life of your loan.

Conversely, a variable interest rate is when the rate you're paying can change over the period of your loan. This means that the rate can, but does not always, fluctuate. It can either increase or decrease throughout the term of your loan.

This is because variable interest rates are offered based on the rate set by the Reserve Bank of Australia (RBA). This is done eleven times a year. Based on this rate, each bank or non-bank sets its own rate of interest.

This means that if you opt for a fixed interest rate and the rate of interest drops, you may end up paying more. On the other hand, if the rate of interest goes up, you will end up paying a better rate.

We've provided an outline of unsecured loans with both fixed and variable interest rates below.

FeaturesFixed interest rateVariable interest rate
Interest on repaymentsWill not change over the loan term, remaining consistent throughout.May or may not rise over your loan term. This means that you may or may not see an increase or reduction in your interest rates.
BudgetingEasy to budget as your repayments remain the same every month.Monthly budgeting may be tricky as the interest rate may vary on a monthly basis.
Loan termsTen years maximum.Ten years maximum.
Break feesThis means that if you wish to pay off the loan early, you will incur additional charges. These penalties can sometimes be high.Includes the option of repaying the loan early without penalty.
Additional repaymentsMay not have fees for additional repayments. This means that you may not incur charges if you make additional payments to pay the loan early.No penalty for additional repayments, allowing you to pay the loan early if it is within your means.
Redraw facilitiesSome fixed personal loans offer redraw facilities. This allows you to withdraw money if you need it. There may be charges.Allows you to make extra payments and then withdraw that money if you need to, often free of charge.

Am I eligible for an unsecured personal loan?

Once you've compared lenders, you need to ensure that you meet the eligibility criteria. Preparing all your documents before applying can make the process easier. To be eligible for an unsecured personal loan in Australia, you need to:

  • Be at least 18 years old
  • Be either an Australian or New Zealand citizen, an Australian permanent resident or have an acceptable visa.
  • Have a good credit rating. You can check your credit score for free on Finder.
  • Provide documentation to prove your ability to pay the loan. This can include employment details for the last three months and financial information such as your income before and after tax. The lender may also ask for your monthly living expenses including rent and insurance. You may also be asked to provide proof of assets you own, and information on other debts you have. This can include home loans, credit cards, other personal loans or buy now pay later loans.
  • You may be asked to provide copies of payslips, bank account statements and other information on other loans if you have any.
  • Provide 100 points of ID. This can include your driver's licence, birth certificate, passport and government employment ID. It can also include your Medicare card, Australian marriage certificate, property lease agreement, utility bills or mortgage documents where applicable.

Is there anything to avoid with an unsecured personal loan?

  • Not being upfront about what you're using the funds for. When you apply for an unsecured personal loan, you will need to tell the lender what you're applying for. Always be upfront with your lender about this, whether it be for business purposes, to consolidate debts or to take a holiday – honesty is the best policy.
  • Borrowing more than what you need. Use a personal loan repayment calculator to see how much your repayments will be. This will ensure that you're aware of whether or not you'll be able to afford repayments on your current budget. Even if you're offered a larger loan, consider whether you should take it on. The loan will be your responsibility to repay.
  • Unlicensed lenders. Always make sure you're getting an unsecured personal loan from a licensed lender. All providers must be licensed with ASIC. You can search through the ASIC Professional Register to check this.
  • Loans with excessive costs. Make sure to compare loans so that you get a competitive offering. Don't just look at the interest rate either; make sure you check upfront and ongoing fees as well as the comparison rate to get an idea of the true cost of the loan.

How can I find and apply for an unsecured personal loan?

Now that you know what to look for, you can use our comparison table to find a loan that works best for you.

When you're ready to apply, you can click the "Go to site" button, where you'll be taken directly to the lender's website to complete the application.

What is a personalised interest rate?

If you're planning on taking out a loan, you may notice lenders advertising "personalised interest rates". The rate of interest quoted to you may also be different from that of someone else who applied for the same loan.

This is because the lender is basing the rate of interest on how risky it is to lend to you. A personalised rate is the rate of interest based on risk.

Lenders calculate this based on the loan amount you've requested, your credit status, how long you need to pay back the loan, your financial history and employment status.

You will be offered a lower rate if the lender thinks you are a low risk borrower and likely to pay back the loan on time. Conversely, if you fall into the high risk category, have other debts or lower income, you will receive a higher rate of interest.

What else should I know?

Whether you are looking for a small or large unsecured personal loan, we've rounded up some tips to help you make the best choice.

Tips for borrowing a small unsecured personal loan Tips for borrowing a large unsecured personal loan
  • Avoid payday loans where possible. Loans under $2,000 are called payday loans and are one of the most expensive forms of finance, with an upfront fee of 20% of the loan amount and 4% in monthly fees. If you need less than $2,000, it may cost you less in the long run if you opt to borrow a little more. To work out the real cost of a loan, you can use our personal loan calculator.
  • Don't over-borrow. As the interest rate for unsecured personal loans is higher than that of secured personal loans, you should borrow only as much as you need. By over-borrowing, you will end up paying more for an expensive loan in the long term, paying interest and fees for money you don't need.
  • Check your loan term. If your loan term is too long, you will pay more over the life of the loan. With small loans, it's important to opt for the shortest term you can afford.
  • Prove you're eligible. As larger loans are riskier for lenders, your application will need to work harder to prove you can manage and pay back the loan. Providing all the relevant documentation goes a long way towards having your loan approved.
  • Additional repayments. Where possible, opt for a loan that allows you to make additional repayments for free. This can help you pay the loan off faster and for less.
  • Build a good account history. If you have a bank account with the lender you're borrowing from, build a good account history with them. You can do this by paying bills on time and setting aside some money every month.
  • Opt for a loan without exit penalties. Ensure the loan you opt for does not impose break fees/early-exit penalties in the event you are able to repay the loan early.
  • Improve your credit score. If you don't have a good to excellent credit score, it's unlikely you'll be approved for a large unsecured personal loan. This is because you pose a greater risk to the lender. Fortunately, there are some things that you can do to improve your credit score before you apply.

Who offers unsecured personal loans?

Unsecured personal loans are offered both by large, traditional banks such as NAB, and non-bank lenders like OMM or Harmoney. Non-banks are governed by the same regulations as banks, so both options are equally secure.

The key difference between a bank and a non-bank is that non-banks hold a credit licence and not a banking licence. This means that they cannot provide some banking services, such as taking deposits. If you prefer to do all your banking in the same place, this may not be an option for you.

Typically, non-banks provide cheaper and more competitive products, with lower set-up and ongoing fees. However, they may have fewer loan options compared to traditional banks. Non-banks can also be more flexible and may provide better, personalised service when compared to traditional banks.

Can I get an unsecured personal loan with bad credit?

If you have a poor credit history, it may be more difficult to be approved for an unsecured personal loan, as the risk to the lenders is higher. However, there are some loans that specifically cater to bad credit borrowers. These include payday loans and debt consolidation loans. You can read more here.

Can I get an unsecured personal loan if I am self-employed?

If you are self-employed and have a good credit history, you can get an unsecured personal loan. To qualify for a standard unsecured personal loan, you may have to provide more documentation than a full-time employee. This could include:

  • Tax returns. Up to two years' worth of personal or company tax returns.
  • Financial statements. Profit and loss statements may also be required to provide evidence of your income.
  • Notice of Assessment. The lender may require up to two years of the latest Notice of Assessment (NOA) given to you by the Australian Taxation Office (ATO).
  • Proof of rental income. If you receive any income from rental properties, you can declare this with real estate statements or copies of your executed lease agreements.
  • Recent bank statements. These can be accessed digitally via your bank. Though, depending on the lender, hard copies may be required.
  • Company-specific information. If you own your business, be prepared to provide information such as your company's ABN, address, etc.

You could also opt for a low documentation personal loan. These loans are easier to apply for and require less paperwork. Low documentation personal loans usually charge higher interest rates and fees.

Are unsecured personal loans better than credit cards?

Whether a credit card or an unsecured personal loan is a better option depends on a number of factors, including how much you need, what you need the funds for, your income and your credit rating. To learn more, check out our article on how personal loans differ from credit cards.

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