Please note: Reduce do not currently offer personal loans. You can compare other personal loans here.
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.
From 8.50% (fixed)
Interest Rate (p.a.)
Comparison Rate (p.a.)
Min Loan Amount
Things to consider about Reduce Loans
This personal loan is unsecured and terms range from 0.50 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 0.50 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.
- 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.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 6.99% p.a. and 28.69% 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. ( 10.66% p.a. to 19.59% 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. (13.34% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off.
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.