Compare Personal loans | Interest Rates & Fees - Best Find

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Personal loan amount

Term of personal loan

Features

Loan purpose

Personal loan provider

Personal Loans Comparison

for $10,000 over 3 years
Harmoney
6.99%
7.69%
$308.73

Unsecured Personal Loan

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Get what you want, without breaking the bank. Fast, easy & 100% online No hidden fees or early repayment penalties.

Overview

Minimum loan amount$5,000

Maximum loan amount$70,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate6.99%

Comparison rate7.69%

Monthly repayments (approx)$308

Total repayments (approx)$11,114

Total interest repayments (approx)$1,114

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee

Application / establishment fee$500

GO TO Harmoney

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$15

For debt consolidation?Yes

Sponsored Yes

Telephone1300 042 766

Data accurate as of23/10/2017

GO TO Harmoney

Comparison rate warning

Comparison rate(s) based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments. 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.

GO TO Harmoney

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BankSA
8.49%
9.60%
$322.16

Secured Personal Loan - Fixed

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Bring your next dream purchase a little closer with a Secured Personal Loan.

Overview

Minimum loan amount$3,000

Maximum loan amount$80,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate8.49%

Comparison rate9.60%

Monthly repayments (approx)$322

Total repayments (approx)$11,597

Total interest repayments (approx)$1,597

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO BankSA

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 fee$150

Missed payment fee$9

For debt consolidation?Yes

Sponsored No

Telephone13 13 76

Data accurate as of20/10/2017

GO TO BankSA

Comparison rate warning

The comparison rate for Secured Personal Loan is based on a secured loan of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO BankSA

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RateSetter
8.80%
10.20%
$321.98

Personal Loan

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Borrow from $2,001 up to $45,000. Terms from 6 months to 5 years, no early repayment fees.

Overview

Minimum loan amount$2,001

Maximum loan amount$45,000

Minimum term (years)6 months

Maximum term (years)5 Years

Advertised rate8.80%

Comparison rate10.20%

Monthly repayments (approx)$321

Total repayments (approx)$11,591

Total interest repayments (approx)$1,591

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO RateSetter

Other Fees & Information

Monthly fee$5

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$30

For debt consolidation?No

Sponsored Yes

Telephone1300 768 710

Data accurate as of24/10/2017

GO TO RateSetter

Comparison rate warning

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.

GO TO RateSetter

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ANZ
10.99%
11.87%
$332.58

ANZ Fixed Rate Personal Loan

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Our Fixed Rate Personal Loan gives you the certainty of knowing you’re protected from interest rate movements. You’ll always know how much your repayments are and how many repayments remain, which will help you budget.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate10.99%

Comparison rate11.87%

Monthly repayments (approx)$332

Total repayments (approx)$11,972

Total interest repayments (approx)$1,972

Rate typeFixed

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 facilityNo

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

Comparison rate warning

This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only. 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.

GO TO ANZ

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Community First Credit Union
12.99%
13.28%
$343.46

Fixed Rate Personal Loan

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Community First Credit Union offers fixed rate personal loans between $5,000 and $35,000 for any worthwhile purpose. And with fixed rates you can be sure your repayments won't change.

Overview

Minimum loan amount$5,000

Maximum loan amount$35,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate12.99%

Comparison rate13.28%

Monthly repayments (approx)$343

Total repayments (approx)$12,364

Total interest repayments (approx)$2,364

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO Community First 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$25

For debt consolidation?Yes

Sponsored Yes

Telephone1300 13 22 77

Data accurate as of22/12/2017

GO TO Community First Credit Union

Comparison rate warning

Credit eligibility criteria, terms & conditions, fees & charges apply. The comparison rate is based on an unsecured loan amount of $30,000 over a loan term of 5 years. 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.

GO TO Community First Credit Union

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CUA
11.99%
11.99%
$332.10

CUA Discount Fixed Personal Loan

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A CUA Fixed Rate Personal Loan offers peace of mind knowing your repayments won’t change over the life of your loan.

Overview

Minimum loan amount$5,000

Maximum loan amount$60,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate11.99%

Comparison rate11.99%

Monthly repayments (approx)$332

Total repayments (approx)$11,955

Total interest repayments (approx)$1,955

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$0

GO TO CUA

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$0

For debt consolidation?Yes

Sponsored Yes

Telephone133 282

Data accurate as of23/10/2017

GO TO CUA

Comparison rate warning

Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. Rates are for unsecured loans only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO CUA

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Bank Australia
11.89%
12.94%
$336.59

Lifestyle Personal Loan

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Low rate personal loans for almost any purpose

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Advertised rate11.89%

Comparison rate12.94%

Monthly repayments (approx)$336

Total repayments (approx)$12,117

Total interest repayments (approx)$2,117

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO Bank Australia

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 Yes

Telephone132 888

Data accurate as of20/10/2017

GO TO Bank Australia

Comparison rate warning

The Comparison Rate is based on a unsecured loan of $10,000 for 3 years. Fees and charges may be applicable. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Bank Australia

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RACQ
12.95%
13.25%
$343.43

Personal Loan

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Achieve your goals sooner with our great, low rate personal loans.

Overview

Minimum loan amount$3,000

Maximum loan amount$60,000

Minimum term (years)1 month

Maximum term (years)5 Years

Advertised rate12.95%

Comparison rate13.25%

Monthly repayments (approx)$343

Total repayments (approx)$12,363

Total interest repayments (approx)$2,363

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO RACQ

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$10

For debt consolidation?Yes

Sponsored Yes

Telephone13 19 05

Data accurate as of24/10/2017

GO TO RACQ

Comparison rate warning

Comparison Rate calculated on a secured loan of $30,000 over a five year term based on monthly repayments. 

GO TO RACQ

Hide info ˄

Community First Credit Union
12.99%
13.28%
$343.46

Fixed Rate Personal Loan

Expand info ˅

Community First Credit Union offers fixed rate personal loans between $5,000 and $35,000 for any worthwhile purpose. And with fixed rates you can be sure your repayments won't change.

Overview

Minimum loan amount$5,000

Maximum loan amount$35,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate12.99%

Comparison rate13.28%

Monthly repayments (approx)$343

Total repayments (approx)$12,364

Total interest repayments (approx)$2,364

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO Community First 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$25

For debt consolidation?Yes

Sponsored Yes

Telephone1300 13 22 77

Data accurate as of22/12/2017

GO TO Community First Credit Union

Comparison rate warning

Credit eligibility criteria, terms & conditions, fees & charges apply. The comparison rate is based on an unsecured loan amount of $30,000 over a loan term of 5 years. 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.

GO TO Community First Credit Union

Hide info ˄

IMB
11.69%
13.46%
$338.93

Unsecured Personal Loan

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Get what you want sooner with an IMB Unsecured Personal Loan. Take advantage of competitive interest rates, flexible payment options and no penalty for early payout. Apply online today.

Overview

Minimum loan amount$2,000

Maximum loan amount$20,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate11.69%

Comparison rate13.46%

Monthly repayments (approx)$338

Total repayments (approx)$12,201

Total interest repayments (approx)$2,201

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

GO TO IMB

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$0

For debt consolidation?Yes

Sponsored Yes

Telephone1300 28 69 39

Data accurate as of23/10/2017

GO TO IMB

Comparison rate warning

This comparison rate is based on an unsecured loan amount of $10,000 for a term of 3 years. 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.

GO TO IMB

Hide info ˄

St.George Bank
12.74%
13.81%
$342.64

Secured Personal Loan (Variable)

Expand info ˅

Bring your next dream purchase a little closer with a Secured Personal Loan.

Overview

Minimum loan amount$3,000

Maximum loan amount$80,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate12.74%

Comparison rate13.81%

Monthly repayments (approx)$342

Total repayments (approx)$12,335

Total interest repayments (approx)$2,335

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$10

Application / establishment fee$195

GO TO St.George Bank

Other Fees & Information

Monthly fee$12

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$150

Missed payment fee$9

For debt consolidation?No

Sponsored Yes

Telephone13 33 30

Data accurate as of24/10/2017

GO TO St.George Bank

Comparison rate warning

The comparison rate is based on a loan of $30,000 and 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO St.George Bank

Hide info ˄

Bank of Melbourne
12.99%
14.06%
$343.87

Unsecured Personal Loan - Fixed

Expand info ˅

Whether you want predictable repayments or the flexibility to repay more, you can tailor our Unsecured Personal Loan how you want it.

Overview

Minimum loan amount$3,000

Maximum loan amount$40,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate12.99%

Comparison rate14.06%

Monthly repayments (approx)$343

Total repayments (approx)$12,379

Total interest repayments (approx)$2,379

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO Bank of Melbourne

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 fee$150

Missed payment fee$9

For debt consolidation?Yes

Sponsored Yes

Telephone13 22 66

Data accurate as of20/10/2017

GO TO Bank of Melbourne

Comparison rate warning

The comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Bank of Melbourne

Hide info ˄

St.George Bank
12.99%
14.06%
$343.87

Unsecured Personal Loan (Fixed)

Expand info ˅

Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.

Overview

Minimum loan amount$3,000

Maximum loan amount$40,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate12.99%

Comparison rate14.06%

Monthly repayments (approx)$343

Total repayments (approx)$12,379

Total interest repayments (approx)$2,379

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$10

Application / establishment fee$195

GO TO St.George Bank

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 fee$150

Missed payment fee$9

For debt consolidation?No

Sponsored Yes

Telephone13 33 30

Data accurate as of24/10/2017

GO TO St.George Bank

Comparison rate warning

The comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO St.George Bank

Hide info ˄

St.George Bank
12.99%
14.06%
$343.87

Unsecured Personal Loan (Variable)

Expand info ˅

Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.

Overview

Minimum loan amount$3,000

Maximum loan amount$40,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate12.99%

Comparison rate14.06%

Monthly repayments (approx)$343

Total repayments (approx)$12,379

Total interest repayments (approx)$2,379

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$10

Application / establishment fee$195

GO TO St.George Bank

Other Fees & Information

Monthly fee$12

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$150

Missed payment fee$9

For debt consolidation?No

Sponsored Yes

Telephone13 33 30

Data accurate as of24/10/2017

GO TO St.George Bank

Comparison rate warning

The comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO St.George Bank

Hide info ˄

Latitude Financial Services
12.99%
14.20%
$345.75

Latitude Personal Loan

Expand info ˅

Looking to finance something special? Want a better big day, a bigger better boat or braces for the kids? Make better happen sooner with a Latitude Personal Loan.

Overview

Minimum loan amount$3,000

Maximum loan amount$100,000

Minimum term (years)2 Years

Maximum term (years)7 Years

Advertised rate12.99%

Comparison rate14.20%

Monthly repayments (approx)$345

Total repayments (approx)$12,447

Total interest repayments (approx)$2,447

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

GO TO Latitude Financial Services

Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$150

Missed payment fee$35

For debt consolidation?No

Sponsored Yes

Telephone13 28 26

Data accurate as of23/10/2017

GO TO Latitude Financial Services

Comparison rate warning

Comparison rates for all the above products are based on a loan of $30,000 over 5 years. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Latitude Financial Services

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Heritage Bank
12.99%
15.45%
$343.80

Standard Personal Loan

Expand info ˅

Our standard personal loan is a great all-rounder. This flexible loan can be used for holidays, renovations, debt consolidation or a new toy to play with.

Overview

Minimum loan amount$5,000

Maximum loan amount$25,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Advertised rate12.99%

Comparison rate15.45%

Monthly repayments (approx)$343

Total repayments (approx)$12,376

Total interest repayments (approx)$2,376

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Heritage Bank

Other Fees & Information

Monthly fee$5

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$50

Missed payment fee$30

For debt consolidation?No

Sponsored Yes

Telephone13 14 22

Data accurate as of23/10/2017

GO TO Heritage Bank

Comparison rate warning

Comparison rate representative example is based on: an unsecured loan of $10,000 borrowed for 3 years with the minimum interest rate of 12.99% p.a. (14.02% p.a. comparison rate), the estimated total amount payable including fees is $12,308.09. WARNING: These comparison rates apply only to the 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.

GO TO Heritage Bank

Hide info ˄

MyState
12.99%
16.42%
$343.97

Unsecured Personal Loan

Expand info ˅

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

Advertised rate12.99%

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 Yes

Telephone1300 763 831

Data accurate as of12/01/2018

GO TO MyState

Comparison rate warning

Comparison rate is calculated on a loan amount of $10,000 for a term of 3 years based on monthly repayments. These comparison rates are applicable only to, and are calculated on, the basis that the loan is unsecured.

GO TO MyState

Hide info ˄

Select Encompass
4.24%
4.44%
$300.90

Personal Loan Secured by Term Deposit

Expand info ˅

Your savings will earn interest in a Term Deposit and provide 100% security for your loan. This is a great way to keep your savings intact while you borrow at a low rate.

Overview

Minimum loan amount$1,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate4.24%

Comparison rate4.44%

Monthly repayments (approx)$300

Total repayments (approx)$10,832

Total interest repayments (approx)$832

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO Select Encompass

Other Fees & Information

Monthly fee$5

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 855 675

Data accurate as of11/04/2016

GO TO Select Encompass

Comparison rate warning

Comparison rates are calculated on a loan amount of $10,000 over a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Select Encompass

Hide info ˄

Horizon Credit Union
5.49%
5.49%
$301.91

Great Day Secured

Expand info ˅

Features such as no monthly account keeping fees and the flexibility to make extra repayments without penalty so you can manage your payments as you choose.

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Advertised rate5.49%

Comparison rate5.49%

Monthly repayments (approx)$301

Total repayments (approx)$10,868

Total interest repayments (approx)$868

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$0

GO TO Horizon Credit Union

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$0

For debt consolidation?Yes

Sponsored No

Telephone1300 365 724

Data accurate as of6/04/2017

GO TO Horizon Credit Union

Comparison rate warning

Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

GO TO Horizon Credit Union

Hide info ˄

Hume Bank
5.50%
5.67%
$305.73

Secured by Term Deposit

Expand info ˅

Whether you want a new set of wheels, make some home improvements or finally take that trip around the world, we have personal loans with no monthly fees starting at just $2,000.

Overview

Minimum loan amount$2,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate5.50%

Comparison rate5.67%

Monthly repayments (approx)$305

Total repayments (approx)$11,006

Total interest repayments (approx)$1,006

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$125

GO TO Hume 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$20

For debt consolidation?No

Sponsored No

Telephone1300 004 863

Data accurate as of6/04/2017

GO TO Hume Bank

Comparison rate warning

Comparison rates based on secured loan of $30,000 over 5 years with monthly repayments. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees, charges and lending criteria apply.

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Tips for comparing personal loans

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing personal loans, there are other important things to consider and understand, other than just the interest rate.

Are you eligible for a personal loan?

Before you apply for a personal loan, be sure to understand and meet the financial institution’s lending criteria. Below are examples of what may be included in the lending criteria:

  • Minimum age. 18 to 21 is a standard range
  • A verifiable and steady employment. Often you will be required to provide copies of your most recent pay slips
  • A good credit history. For example, no recent defaults and no frequent requests for credit
  • Most lenders require you to be an Australian citizen or permanent resident
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to any new liability

There are many additional factors banks consider when accessing your application, but the above are the most important. If you feel like you may not meet the banks eligibility criteria, it may be best to save!

What can you use a personal loan for?

Lenders will allow you to borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose. When comparing loans, use our “loan purpose” filter to find providers that could best suit your needs. Examples include:

How much and how long can you take out a personal loan for?

Minimum and maximum loan amounts vary between $1,000 and $100,000+. Loan terms vary from 6 months to 10 years. Though the exact number varies between lenders, your eligibility and whether you secure the loan.

What’s the difference between secured and unsecured loans?

Secured personal loans use an asset you own as collateral. If you are unable to repay the loan, the lender can then repossess and sell the asset to recoup some or all of the losses from the unpaid loan. If you own a car, property, term deposit or some other valuable asset, you will likely be offered a lower interest rate in exchange for offering it as collateral. You could potentially borrow a larger sum of money if you offer security and the meet the lending criteria.

Unsecured personal loans are loans where you do not put up an asset as collateral. Unsecured loans are higher risk for the lenders, because if you default on the loan, there’s a reduced possibly to recoup the loan. These types of loans come with a higher interest rate, because it reflects the greater risk

What’s the deal with fixed and variable interest rates?

Sometimes, nothing. Though other of the times, it impacts the maximum term of loan, the maximum amount you can borrow, the interest rate and whether the loan includes a redraw facility or allows you to repay early without incurring a penalty fee.

Fixed interest rates will not change over the life of the loan, which makes it easier to budget. By agreeing to a fixed interest rate for the life of the loan, there is no risk that you will miss payments because the interest rate increases. On the flipside, if there is an interest rate cut in the future, you will miss out on any possible savings. Some lenders may not include a redraw facility on fixed rate loans or will include an early repayment fee.

Variable interest rates may rise and fall throughout the life of your loan. This could potentially mean that you will save money in the future if interest rates fall, but if interest rates rise in the future could become difficult to continue to meet the monthly premiums. Variable interest rate personal loans tend to be more flexible for payment terms than fixed rate loans, which gives you more options to manage your finances and tailor your payments to work for you.

What is a peer-to-peer loan?

Peer-to-peer loans have been popular in the UK and the United States for nearly a decade, but are a recent addition to the Australian financial scene. Peer-to-peer lenders give borrowers the opportunity to borrow directly from lenders or investors and bypass traditional lending institutions such as banks and credit unions.

Peer-to-peer lenders can reward individuals with good credit scores by providing loans with a lower interest rate, to reflect the lower risk. However, peer-to-peer lenders may not offer the same flexibility as a bank or credit union. For example, they may not offer the ability to repay the loan weekly or fortnightly or may not have a redraw facility.

What else should you keep in mind when choosing a loan?

When choosing a loan, the interest rate and repayment schedule are not the only important items to consider. Many lending institutions charge fees in addition to interest and hidden fees can surprise even experienced borrowers.

Comfortable repayment schedule

Most lenders allow weekly, fortnightly or monthly repayment. But not all of them, consider a provider that can make withdrawals, based on your pay cycle.

Extra repayment or early penalties

Consider loans that do not penalise you for making additional payments or paying off the loan early. These fees can range anywhere from $0 to $700, depending on how far into the loan you are.

Redraw facility

If you are making additional payments on your loans, but something comes up and you wish you could take that payment back, luckily some loans offer the ability to redraw those payments (as long as you are paid ahead of schedule according to the repayment plan), which can help offer peace of mind to know that if something comes up. Redraw limits and fees apply to some institutions.

Comparison rates

A comparison rate is a term used to describe the actual cost of borrowing, once you include all the application, establishment and recurring fees. In Australia, it is a legal requirement that comparison rates are based on scenarios (i.e. $10,000 over 3 years, or $30,000 over 5 years). The scenarios are found in the disclaimers. It’s important to note, that a 10% comparison rate over 3 years, will not have the same monthly repayment as a 10% comparison rate over 5 years (the 5 year comparison rate is likely to be more expansive), so be sure to read the disclaimer!