Reduce Personal Loans

Looking for a competitive unsecured personal loan? Your good credit history could get you a lower rate with Reduce Loans.

Reduce Loans offer financing for a range of purposes, from home renovation to making a large purchase. The application is quick and you can receive a rate estimate without it affecting your credit score. If you do have good credit history you can use it to your advantage to receive a lower rate. Find out more about the benefits of borrowing with Reduce Loans by reading the review below.

Product NameReduce Personal Loans
Interest Rate (p.a.)From 8.5% (fixed)
Comparison Rate (p.a.)14.32%
Interest Rate TypeFixed
Min Loan Amount$2,001
Max. Loan Amount$35,000
Loan SecurityUnsecured


  • Rewards a good credit history
  • 48 hour loan funding for successful applicants
  • No exit fees or early repayment fees


  • Higher rates for average credit borrowers
  • Higher application fees

Things to consider about Reduce Loans

This personal loan is unsecured and terms range from 0.5 years to 5 years. Interest rates are fixed and applied based on your credit score, so if you have good credit history you may secure a lower rate. Establishment fees come with this loan but they depend on how much you borrow.

Features of a personal loan from Reduce Loans

There's a number of features and benefits on offer that should be considered before you apply:

  • Rate estimate. You can receive a rate estimate before you apply. Just provide a few details and it won't affect your credit score.
  • Fast application and turnaround time. After you receive your rate estimate it only takes five minutes to complete your full application. You'll hear from Reduce Loans in two hours and receive a decision in 24 hours. If approved, you can receive your funds 48 hours later.
  • Loan amount. Borrow between $2,001 and $35,000. This flexibility makes the loan suitable for a range of loan purposes.
  • Loan terms. You have between 0.5 years and 5 years to repay your loan.
  • Repayments. There are no early repayment penalties and you can repay your entire loan early without penalty.
  • Loan management. You're able to manage your loan through an online portal throughout your loan term.
  • Establishment fees. The fees you are charged to establish the loan depend on how much you borrow. This will be outlined in your loan contract.

How you can apply with Reduce Loans

If you're ready to apply with Reduce Loans, click "Go to Site" to get your application started. The following eligibility criteria needs to be met in order for you to apply.

You must:

  • Be over the age of 21
  • Be an Australian citizen or permanent Australian resident
  • Have a regular source of income that you can demonstrate
  • Have a good credit history

The initial rate estimate only takes one minute and the full application takes five minutes. You will receive a response in two hours and a decision in 24 hours. If you're approved, you can have access to your funds 48 hours later.

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Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: The establishment fee will be waived if you apply before 30 September 2019.

Logo for ING Personal Loan
ING Personal Loan

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 $30,000.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required.

Logo for Westpac Unsecured Personal Loan
Westpac Unsecured Personal Loan

You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts. Note: Establishment fee will be waived if you apply and are approved before 30 September 2019.

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