RateSetter Unsecured Variable Personal Loan
- Application fees: From $199
- Monthly fees: $0
- Early repayment fees: $0
RateSetter is a peer-to-peer lender that allows you to apply for an unsecured personal loan to use for a range of purposes. You will receive a tailored interest rate based on the loan term and amount you apply for as well as the details you provide in your application. You can receive a rate estimate before you apply.
Find out what you need to know to decide if this loan is right for you in the review below.
From 7.49% (variable)
Interest Rate (p.a.)
Comparison Rate (p.a.)
Min Loan Amount
When you take out a personal loan from RateSetter, it will approve you but the loan will actually be funded by an individual or group of investors. You will also be given an interest rate that will be determined by the amount you apply for, the loan term and the details you provide in your application.
The fees for RateSetter's personal loans vary depending on the loan term and loan amount. You can apply for up to $45,000 and loan terms up to 5 years are available.
The following features are offered with a P2P loan from RateSetter:
The fees you pay vary depending on the loan you choose. Here is the breakdown:
RateSetter Unsecured Variable Personal Loan
RateSetter Unsecured Fixed Personal Loan
Applying for a RateSetter personal loan is straightforward. To complete an online application just click on the ‘Go to Site’ button. You start by getting a Rate Estimate. The next step is to complete the application. You find out about your application status within one business day.
To qualify for a RateSetter personal loan you have to meet certain eligibility criteria, which are as follows:
You'll receive a fixed rate between 6.99% p.a. and 25.69% 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.
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 7.95% p.a. and 16.95% 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.
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