Personal loans let you borrow a specific amount of money and repay the debt with interest in equal payments, over an agreed term. Personal loans tend to be cheaper on average than say, credit cards, which are seen as a typical alternative.

Compare Australian Personal Loans
Compare Australian Personal Loans; Often, you’ll make monthly repayments over a period of 1 – 5 years.

If you’re looking to borrow money for a home renovation or new car, ICF expert personal loan comparisons can help. There are more than 20 lenders in our database, making it easier for you to find the right loan for your needs. Start comparing below.

Compare Australian Personal Loans

A personal loan allows you to borrow a lump sum of money, and then repay that amount (plus interest on top) in installments over a set period of time. Often, you’ll make monthly repayments over a period of 1 – 5 years.

A personal loan is generally for a lower amount than a home loan, but is useful for lump sums between $2,000 and $100,000, which are too big to put on a credit card. It’s also useful because as long as you meet your monthly repayments, you’ll know how long you’ll have debt and approximately how much interest you’ll pay from the beginning.

  • OurMoneyMarket

OurMoneyMarket offer competitive low rates on loans up to $50,000, plus free extra repayments and fee-free redraw facility. Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.

LOAN AMOUNT LOAN TERM

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

$150

$0.00

$35.00

Weekly, Fortnightly, Monthly

$0.00

$2,001 – $50,000

1-7 Year
  • Liberty Personal Loan

Enjoy competitive fixed rates from as low as 7.65% for borrowers with good credit. No ongoing, exit or early repayment fees, plus the flexibility to make extra repayments. Borrow from $5,000 to $50,000.

[TOP 5] Compare Australian Personal Loans
[TOP 5] Compare Australian Personal Loans

Apply online and get a fast response. Terms from 3 to 7 years at Australian Personal Loans. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.

LOAN AMOUNT LOAN TERM

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 26.99% p.a.based on $30,000
over 5 years

$0.00

$0.00

$10.00

Weekly, Fortnightly, Monthly

$0.00

$5.000 – $50,000

3-7 Year
  • NOW Finace

Use the “Get My Rate” feature on the NOW FINANCE website to lock in an upfront personalised interest rate that won’t affect your credit score. Perfect for loans over $10k and people aged 25 years or older. Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $36,874.71 including fees.

LOAN AMOUNT LOAN TERM

6.95% p.a.to 16.95% p.a.

8.57% p.a.to 18.53% p.a.based on $30,000
over 5 years

$495

$13

$35.00

Weekly, Fortnightly

$0.00

$5.000 – $40,000

2-7 Year
  • Symple – Personal Loan

Get a personalised rate quote in just 2 minutes, apply in just 7 minutes. Money transferred to your account the next business day. No exit or early repayment fees. Borrow up to $50,000. Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.

LOAN AMOUNT LOAN TERM

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

$0

$10

$35.00

Monthly

$0.00

$5.000 – $50,000

1-7 Year
  • MoneyPlace Unsecured Personal Loan

Personalised rates, no hidden fees and the option to redraw any extra repayments. Hassle free loans from $5-$50k on a 3 to 7 year term. Submit an application in 10 minutes and you’re on your way. 2019 Mozo Experts Choice Award winner for Unsecured Personal Loans. Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.

LOAN AMOUNT LOAN TERM

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 28.6% p.a.based on $30,000
over 5 years

$0

$0

$10.00

Monthly

$0.00

$5.000 – $50,000

3-7 Year

[Note] – Australian Personal Loans

The Comparison Rate combines the lender’s interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Representative example figures and monthly repayment figures are estimates only, based on the advertised rate, mandatory fees, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.