Pros ConsTop pick for Non-bank loan
OurMoneyMarket Unsecured Low-Rate Personal Loan
Int. rate
6.57% to 18.99%
Comp. rate
7.19% to 21.78%
Min. Loan Amount
$2,001
Max. Loan Amount
$75,000
Int. rate
6.57% to 18.99%
Min. Loan Amount
$2,001
Finder Award
Comp. rate
7.19% to 21.78%
Max. Loan Amount
$75,000
Summary
A loan for any worthwhile purchase of up to $75,000, such as for a car, equipment, and even debt consolidation. Your interest rate will be based on your credit history. Pre-approval available.
What we like about the OurMoneyMarket Personal Loan
Pros ConsTop pick for Low interest loan
NOW Finance No Fee Unsecured Personal Loan
Int. rate
6.75% to 26.95%
Comp. rate
6.75% to 26.95%
Min. Loan Amount
$5,000
Max. Loan Amount
$50,000
Int. rate
6.75% to 26.95%
Min. Loan Amount
$5,000
Finder Award
Comp. rate
6.75% to 26.95%
Max. Loan Amount
$50,000
Summary
An unsecured personal loan with personalised interest rates and a fast application process. There are no fees, flexible repayment options and you can pay out the loan early with no penalty.
What we like about the NOW Finance Unsecured Personal Loan
Pros ConsTop pick for Good credit
Harmoney Unsecured Personal Loan
Int. rate
5.76% to 24.03%
Comp. rate
6.55% to 24.98%
Min. Loan Amount
$2,000
Max. Loan Amount
$70,000
Int. rate
5.76% to 24.03%
Min. Loan Amount
$2,000
Finder Award
Comp. rate
6.55% to 24.98%
Max. Loan Amount
$70,000
Summary
An unsecured personal loan up to $70,000. You'll receive a tailored interest rate between 5.76% p.a. and 24.03% p.a. based on your risk profile.
What we like about the Harmoney Unsecured Personal Loan
Pros ConsTop pick for Bank loan
ING Personal Loan
Int. rate
6.89% to 18.99%
Comp. rate
7.10% to 19.23%
Min. Loan Amount
$5,000
Max. Loan Amount
$60,000
Int. rate
6.89% to 18.99%
Min. Loan Amount
$5,000
Finder Award
Comp. rate
7.10% to 19.23%
Max. Loan Amount
$60,000
Summary
The ING Personal Loan offers the stability of a fixed rate with flexible repayment options.
What we like about the ING Unsecured Personal Loan
Pros ConsTop pick for quick loan
Latitude Variable Rate Personal Loan
Int. rate
9.49% to 29.99%
Comp. rate
10.37% to 30.69%
Min. Loan Amount
$5,000
Max. Loan Amount
$70,000
Int. rate
9.49% to 29.99%
Min. Loan Amount
$5,000
Comp. rate
10.37% to 30.69%
Max. Loan Amount
$70,000
Summary
Apply Latitude Personal Loan for what you need from $5,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly.
What we like about the Latitude Variable Rate Personal Loan
We analysed our database of over 200 loans, and filtered out loans that were members-only or secured in niche ways (such as by term deposits). This left us with a pool of accessible loans, which we further filtered based on interest rates, fees, and availability through Finder. In the case of a tie or a close call, we factored in features such as redraw facilities.
While we are confident that our top picks are competitive personal loans, keep in mind that there is no one-size-fits-all loan or lender. Your personal situation and preferences will determine what the best personal loan for you will be.
Our personal loan experts have analysed hundreds of Australia's biggest and smallest personal loans and lenders to help you save money. We've looked at everything from fees to features, and of course interest rates. Compare with us to find the best personal loan for you, and check back for any exclusive deals to save even more.
200
personal loans analysed
105
lenders included
9
years of experience
319,000
Australians who found a better personal loan
The best personal loan depends on your circumstances: there’s no one size fits all. Particularly as your rate will be different depending on things like income and credit score.
Here are some things to look out for to get the best loan for you.
Lenders advertise a minimum interest rate and a maximum interest rate. They’ll decide your rate based on your financial situation and while this depends on a couple of things, you can check your credit score to give yourself a rough idea of where you will sit in their interest rate range.
You should also look at the comparison rate to see how the rate changes when you incorporate fees. However it is usually based on a $30,000 loan over 5 years. If your plans are different, use a personal loan calculator to get a sense of how much a loan will cost you.
Securing your loan could get you a lower rate or increase the odds that you'll be approved for a personal loan. However, you will need to put up an asset (like your vehicle) as collateral, so ensure you can comfortably repay the loan to avoid the risk of repossession.
Quite simply, can you borrow the amount you need? In general, higher borrowing amounts have stricter eligibility criteria.
Not a must, but repaying your personal loan early means you pay less in interest. So, that’s pretty nice. Some loans that allow early repayment have fees attached, so make sure you're saving more than you're spending or opt for a loan with free early/extra repayments.
Personal loans can offer special deals which range from waived fees to a discounted interest rate or cashback. These could save you hundreds if not thousands of dollars depending on the loan.
Finding a loan that's even 1% cheaper can save you hundreds of dollars. You can save even more if you can afford some extra repayments early on, just watch out for any early repayment fees.
Graham Cooke
Finder's head of consumer research
To see how the interest rate can affect your repayments, we looked at 2 loans with the same loan amount and loan term.
Loan amount: $30,000
Loan term: 5 years
| Loan A | Loan B | |
|---|---|---|
| Interest rate | 8.00% | 9.00% |
| Monthly repayment | $609 | $623 |
| Total repayment | $36,498 | $37,366 |
| Interest paid | $6,498 | $7,366 |
By paying 1% more on this loan, you’d pay $868 more in interest.
New to personal loans? We get that personal loans can get a bit complicated, so we've done our best to simplify things on our personal loans hub.
You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees. Guaranteed.
You save time. We spend 100s of hours researching personal loans so you can sort the gold from the junk faster.
You compare more. Our comparison tools bring you more personal loans from across the market.
see-u is part of popular non profit insurer HBF - but if you’re interested in a policy, you’ll have to call. You can’t join online.
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I tried to follow steps for a loan with Harmoney but it said my drivers licence details were incorrect – they weren’t, I’ve no other ID from the list.
What’s the best bank in SA to go to to collaborate debt with a low interest low payment loan?
Hi Aimee,
Thank you for getting in touch with Finder.
It must be frustrating if you cannot proceed with your application because the lender cannot verify your identity. I would recommend you to raise this directly with Harmoney. Once resolved, press the “Go to site” button from our review page to apply.
Currently, we have no page about banks in a certain state/territory however we have a page about personal loans for debt consolidation. You can use our comparison table to help you find the lender that suits you.
You can click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps.
Have a great day!
Cheers,
Jeni
would like a personal loan for a holiday and payout an existing loan would it be possible
Hi Amanda,
Thank you for your inquiry.
The personal loan you can compare are listed above. You can use the proceeds of the loan to whatever purpose you want. Best to contact a lender directly so you can discuss your options and chances of approval.
Cheers,
May
I have a small amount in a term deposit with a major bank and wonder if I would be eligible for a fast approval small amount to enable me to have a Christmas which is just not possible in my current situation
Hi Kelly,
Thanks for your inquiry.
If you’re in need of some extra money but don’t think you’ll be eligible for a standard personal loan, you still have options to consider. Lenders that offer “easy approval loans” look behind your salary and employment and just focus on your ability to afford the loan.
Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to site” button to submit your loan application online.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Best regards,
Rench
I’m wishing to get a personal loan wanting to do some renovations to my house to upgrade the value of it. Any help would be appreciated.
Hi Mark,
Thanks for reaching out to us.
You may compare your options from our list of home improvement and renovation loans. On the page, is a comparison table you can use to see which lender suits you. Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the “Go to Site” button to submit your loan application online.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Hope this information helped.
Cheers,
Rench
Hi,
I’m wanting to get a loan for $10,000 and the “big” banks won’t help me because I had a quick cash loan but it was paid off last month with no dramas. I don’t have a bad credit rating and I’m not sure who I can go to for help?
Thank you,
Hi Jessica,
Thanks for reaching out to Finder.
The information on this page allows you to compare some personal loans you can choose from. You make click on “more” to get additional details about the loan offered. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.
As each time one applies for a personal loan, the information shows up on the credit file, so multiple loan applications may not look good on the lenders. You may want to review our guide on how to apply for a personal loan as it will help you know how you can narrow down your choices in terms of selecting a personal loan you can go for.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Cheers,
Joanne