Personal Loans Comparison | Personal Loan Interest Rates - Best Find
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Personal Loans Comparison

BestFind is a free, Australian-owned platform that allows you to compare personal loans from trusted Australian lenders, to consolidate debt or to finance worthwhile purchases. You can use the filter to narrow the options to meet your needs.

Compare Personal Loans

We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)8.95%

Personal loan comparison rate10.56%

Monthly repayments (approx)$333

Total repayments (approx)$12,020

Total interest repayments (approx)$2,020

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

GO TO Now Finance

Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term (years)1 year

Maximum term (years)7 years

Personal loan interest rates (base)5.99%

Personal loan comparison rate6.55%

Monthly repayments (approx)$316

Total repayments (approx)$11,387

Total interest repayments (approx)$1,387

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$8

Application / establishment fee$399

GO TO NRMA

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Early repayments fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Missed payment fee$0

For debt consolidation?No

Sponsored Yes

Telephone1300 732 398

Data accurate as of1/08/2018

GO TO NRMA

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term (years)1 year

Maximum term (years)7 years

Personal loan interest rates (base)6.99%

Personal loan comparison rate7.55%

Monthly repayments (approx)$321

Total repayments (approx)$11,557

Total interest repayments (approx)$1,557

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$8

Application / establishment fee$399

GO TO NRMA

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Early repayments fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Missed payment fee$0

For debt consolidation?No

Sponsored Yes

Telephone1300 732 398

Data accurate as of1/08/2018

GO TO NRMA

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We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)8.95%

Personal loan comparison rate10.56%

Monthly repayments (approx)$333

Total repayments (approx)$12,020

Total interest repayments (approx)$2,020

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

GO TO Now Finance

Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

GO TO Now Finance

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We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)11.45%

Personal loan comparison rate13.05%

Monthly repayments (approx)$346

Total repayments (approx)$12,465

Total interest repayments (approx)$2,465

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

GO TO Now Finance

Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

GO TO Now Finance

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1-7 years flexible loan term, borrow from $5,000 up to $55,000 and redraw additional repayments you've already made

Overview

Minimum loan amount$5,000

Maximum loan amount$55,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.69%

Personal loan comparison rate13.56%

Monthly repayments (approx)$340

Total repayments (approx)$12,269

Total interest repayments (approx)$2,269

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO NAB

Other Fees & Information

Monthly fee$10

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$5

For debt consolidation?Yes

Sponsored No

Telephone13 13 12

Data accurate as of4/09/2018

GO TO NAB

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A no-fuss way to arrange the finance you need, when you need it all while enjoying competitive variable interest rates.

Overview

Minimum loan amount$3,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.99%

Personal loan comparison rate16.42%

Monthly repayments (approx)$343

Total repayments (approx)$12,382

Total interest repayments (approx)$2,382

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO MyState

Other Fees & Information

Monthly fee$10

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 763 831

Data accurate as of12/01/2018

GO TO MyState

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Borrow from $5,000 up to $55,000 for 1 to 7 years flexible loan terms

Overview

Minimum loan amount$5,000

Maximum loan amount$55,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)13.49%

Personal loan comparison rate14.36%

Monthly repayments (approx)$344

Total repayments (approx)$12,410

Total interest repayments (approx)$2,410

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO NAB

Other Fees & Information

Monthly fee$10

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$5

For debt consolidation?Yes

Sponsored No

Telephone13 13 12

Data accurate as of4/09/2018

GO TO NAB

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A personal loan can help you to get what you’ve always wanted. Plan ahead with a flexible loan term of between 1 and 7 years. Apply for between $4,000 and $50,000 (conditions apply). Make extra repayments to pay your loan off sooner (prepayment fee may apply). Choose a repayment frequency to suit when you get paid - weekly, fortnightly or monthly.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.99%

Personal loan comparison rate14.14%

Monthly repayments (approx)$345

Total repayments (approx)$12,445

Total interest repayments (approx)$2,445

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

GO TO Westpac

Other Fees & Information

Monthly fee$12

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeYes

Missed payment feeYes

For debt consolidation?Yes

Sponsored No

Telephone1300 720 697

Data accurate as of4/09/2018

GO TO Westpac

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As a member owned organisation, our first priority is to help you. We continually focus on providing high levels of personalised service and value for money products – such as our Personal Loans– there to help you make those life-changing purchases.

Overview

Minimum loan amount$2,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)13.99%

Personal loan comparison rate15.78%

Monthly repayments (approx)$350

Total repayments (approx)$12,609

Total interest repayments (approx)$2,609

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

GO TO People's Choice Credit Union

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 11 82

Data accurate as of23/10/2017

GO TO People's Choice Credit Union

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Whatever it is you’re dreaming about, a Bankwest Flexible Personal Loan puts you in control. Pay it off early, make additional repayments and redraw additional repayments you’ve made all at no extra cost!

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)14.49%

Personal loan comparison rate15.51%

Monthly repayments (approx)$353

Total repayments (approx)$12,710

Total interest repayments (approx)$2,710

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$249

GO TO Bankwest

Other Fees & Information

Monthly fee$10

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 17 19

Data accurate as of4/04/2017

GO TO Bankwest

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Whether you're dreaming of far away destinations or of revolutionising the world with your next big invention, our Unsecured Personal Loans are a flexible and simple solution from an ethical and trusted team.

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)15.49%

Personal loan comparison rate15.72%

Monthly repayments (approx)$354

Total repayments (approx)$12,754

Total interest repayments (approx)$2,754

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO The Mac

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?No

Sponsored No

Telephone1300 622 278

Data accurate as of11/04/2016

GO TO The Mac

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You can use your personal loan for things like purchasing a new car, consolidating your debts, renovating your home, paying for university studies or to go on your dream holiday!

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Personal loan interest rates (base)15.50%

Personal loan comparison rate16.47%

Monthly repayments (approx)$356

Total repayments (approx)$12,829

Total interest repayments (approx)$2,829

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Arab Bank

Other Fees & Information

Monthly fee$8

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeTBA

Missed payment feeTBA

For debt consolidation?Yes

Sponsored No

Telephone1800 64 64 84

Data accurate as of17/05/2018

GO TO Arab Bank

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Whether you’re looking to buy a new car, take a holiday, renovate your home or you want to consolidate debt, we could help you with an ANZ Variable Rate Personal Loan.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)15.99%

Personal loan comparison rate16.84%

Monthly repayments (approx)$357

Total repayments (approx)$12,857

Total interest repayments (approx)$2,857

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO ANZ

Other Fees & Information

Monthly fee$10

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$680 pro-rata

Missed payment fee$20

For debt consolidation?Yes

Sponsored No

Telephone1800 801 485

Data accurate as of20/10/2017

GO TO ANZ

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All-purpose Personal Loan for quick and easy funds when you need them.

Overview

Minimum loan amount$500

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)15.99%

Personal loan comparison rate16.91%

Monthly repayments (approx)$358

Total repayments (approx)$12,901

Total interest repayments (approx)$2,901

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO Regional Australia Bank

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?No

Sponsored No

Telephone1300 768 710

Data accurate as of9/04/2016

GO TO Regional Australia Bank

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We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)2 Years

Maximum term (years)5 Years

Personal loan interest rates (base)15.11%

Personal loan comparison rate17.35%

Monthly repayments (approx)$399

Total repayments (approx)$14,373

Total interest repayments (approx)$4,373

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee5.00%

GO TO SocietyOne

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored No

Telephone-

Data accurate as of18/01/2018

GO TO SocietyOne

Hide info -

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Compare Personal Loans

In this short guide to comparing personal loans, we introduce the main personal loan types in Australia. We’ll outline how you can compare loan features to find the most suitable product for your borrowing needs. Lastly, we look at eligibility criteria and give you some tips on how to get approved for a loan.

Personal loan comparisons

The easiest way to start comparing personal loans is to understand which of the broader categories you’re looking for. There are different products depending on whether or not you’d like to guarantee your loan using a personal asset:

Another way to streamline your personal loans comparison is to consider what kind of interest you would rather pay:

Comparing secured and unsecured personal loans
A secured loan requires you to put up an asset as a guarantee that you’ll make all your repayments. Often, secured loans will accept your property, vehicle, or term deposit as collateral. If you don’t stick to the agreed repayment schedule, your loan provider may seize or repossess your asset. They may then be able to sell this to make up the amount you owe.

Guaranteeing your loan makes it less risky for the lender to extend you finance. This means secured personal loans can sometimes come with larger loan amounts or lower interest rates than unsecured personal loans.

In contrast, an unsecured personal loan won’t require any form of collateral. You’ll be considered a greater risk to a credit provider, however. This means that compared to secured loans, they often come with higher interest rates.

Comparing fixed and variable interest personal loans
Personal loans with a fixed interest rate will charge you a predetermined total amount of interest. Each repayment you make will, therefore, typically be the same size. If market interest rates rise, you won’t have to pay any more than you agreed to. If they drop, you won’t be able to take advantage of the lowered rates, either. When you compare fixed rate personal loans, you might also find that fewer options offer a redraw facility.

Variable rate loans will involve you paying higher interest on your loan when market rates go up. If they fall, you may enjoy savings on your interest payments. This might make it a little trickier to budget. On the whole, however, there are often more variable rate personal loans with flexible repayment schedules. You might find it easier to make your repayments if they are due fortnightly, for instance.

Comparison of personal loan features

Once you’ve decided on a fixed vs. variable interest loans and secured vs. unsecured loans, you can compare personal loan features. Australian consumers enjoy a lot of choices when it comes to choosing between loan offers. In other words, there are many ways different loan features can add value and cater to your specific borrowing needs. Some of the features worth considering include:

Loan amounts
When comparing personal loans, be aware that credit providers offer different maximum and minimum loan amounts. At the lower end of the scale, minimum amounts are commonly around $5,000. Maximum amounts for loans are usually around $100,000, although you’ll have a hard time finding unsecured loans for over $50,000. To save time and start comparing personal loans relevant to you, it’s highly advisable to use the filter. Filter your results to compare the most relevant loan provider for your borrowing needs.

Loan terms
Your loan term will impact the size of your repayments. Use our filter to refine your results and compare personal loans within your maximum and minimum ranges. Loan terms can vary broadly between 180-day terms and longer loan periods of 10 years. Most loan terms fall within the 2-5 year mark, but it’s best to check with your lender before you apply.

Redraw facilities
A redraw facility lets you make extra payments when you can, and ‘borrow’ (‘redraw’) from this extra payment if you need to later. Variable interest loans often provide a redraw facility, alongside a more expensive rate of interest. In comparison, fixed-rate loans often won’t permit you to redraw. Rather, they may offer a more competitive rate.

The flexibility a redraw facility offers can be helpful, especially if you’re hoping to pay off your debt early. Simultaneously, it provides some security if you later find you need to access your money.

Charges and fees
Under Australian law, you’ll always be allowed to pay your loan off early. What you’ll need to look for while doing your personal loans comparison is fees for early repayment.

How to compare personal loan repayments

Together, your loan amount, loan term, fees, and repayment schedule will dictate the size of your regular repayments.
Repayment schedules also vary depending on the provider you choose. The majority of lenders will let you pay each week, fortnight or month. If you choose a peer-to-peer lender, however, some will only let you repay on a monthly basis.

We’ve made it simple to calculate the size of your loan repayments using our personal loans repayment calculator. Adjust the filter so it reflects your loan term and amount – the calculator will calculate approximately how much you’ll need to pay monthly. Alongside this, you’ll also be able to see how this figure breaks down. It will show how much you’ll be paying in fees and interest. The repayment calculator is possibly one of the best tools at your disposal when you’re comparing personal loans.

Am I eligible for a personal loan?

Here are some of the most common eligibility criteria for Australian loans:

Age: You’ll typically have to be over either 18 or 21

Credit history: When you compare personal loans, you may notice some lenders offering higher or lower interest depending on whether your score is below average, average, good, or excellent. If you have no defaults in your credit history, this is a big plus. If you apply for finance a lot, this may damage your chances of being approved.

Employment: Sometimes a lender will extend you a loan only if you are in regular employment. Some will approve loans for people on benefits or a pension.

Income: As a minimum, somewhere in the range of $15,000 to $50,000 is most common

Financial circumstances: By looking at your salary alongside your liabilities, lenders can gauge whether you’re really in a position to repay the loan. A credit card which has a high limit might be viewed as a liability – even if you’ve no debts outstanding on it.

Australian citizenship: The majority of lenders loan money only to citizens or permanent residents. Some will approve those holding a valid visa, but only a few will approve loans for those on a 457 visa.

Applying for a personal loan

Whether or not you’ll be approved for a loan is based heavily on the extent to which you fulfill the eligibility criteria. It’s highly recommended you check our blog post on the amount you might be able to borrow and whether you’ll get approved. If you’ve got existing loans you’re struggling to repay and you think you won’t get approved, consider saving instead.

Things you may need to provide include:

  • Proof of income or stable employment that the lender can verify using your employer’s details and copies of recent payslips.
    If you are self-employed, supply your bank statements covering the past year. Provide your latest business or personal tax return. Both of these should be recent and from the past 18 months.
  • Documents showing your expenses, liabilities, and assets.
  • Recent financial statements from your bank dating back at least three months.
  • Your passport or driver’s license as proof of identification.

How can I spend my loan?

Some restrictions may apply, so it’s good to ask the loan provider before making an application. Otherwise, this should be the easy part, for most people! Some of the most popular personal loan purposes include: