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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G&C Mutual Bank
5.99%
5.99%
$304.17

Fair Rate Personal Loan

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With our new and unique Fair Rate Personal Loan product in the market, you can be assured that you will pay a rate guided by your credit worthiness.

Overview

Minimum loan amount$1,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate5.99%

Comparison rate5.99%

Monthly repayments (approx)$304

Total repayments (approx)$10,950

Total interest repayments (approx)$950

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$0

GO TO G&C Mutual Bank

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?No

Sponsored No

Telephone1300 364 400

Data accurate as of5/04/2017

GO TO G&C Mutual Bank

Comparison rate warning

Comparison rates are calculated on a loan amount 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 G&C Mutual Bank

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Community First Credit Union
6.12%
6.39%
$310.71

Green Loan

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The green loan is an unsecured personal loan that can be used to finance the purchase of approved environmentally friendly products such as solar panels and hot water systems.

Overview

Minimum loan amount$1,000

Maximum loan amount$35,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Advertised rate6.12%

Comparison rate6.39%

Monthly repayments (approx)$310

Total repayments (approx)$11,185

Total interest repayments (approx)$1,185

Rate typeVariable

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 No

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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Police Bank
6.49%
6.63%
$309.45

Green Loan

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You can borrow for any worthwhile purpose from the latest in big ticket electronics, white goods and household items to holidays, cars, boats and bikes.

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.49%

Comparison rate6.63%

Monthly repayments (approx)$309

Total repayments (approx)$11,140

Total interest repayments (approx)$1,140

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$98

GO TO Police Bank

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$9

For debt consolidation?No

Sponsored No

Telephone131 728

Data accurate as of9/04/2016

GO TO Police Bank

Comparison rate warning

The comparison rate is based on a loan of $30,000 over a 5 year term. 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 Police Bank

Hide info ˄

Coastline Credit Union
5.29%
6.65%
$307.03

Personal Loan - Secured with a Fixed Term Deposit

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Whether you are looking to go on a holiday or purchase a boat, we can help you access the funds you need now without the worry of high interest rates and fees

Overview

Minimum loan amount$5,000

Maximum loan amount$200,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate5.29%

Comparison rate6.65%

Monthly repayments (approx)$307

Total repayments (approx)$11,053

Total interest repayments (approx)$1,053

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Coastline 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

Telephone1300 36 1066

Data accurate as of5/04/2017

GO TO Coastline Credit Union

Comparison rate warning

Comparison rate is calculated on an secured loan amount 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. Eligibility criteria, terms & conditions, fees & charges apply.

GO TO Coastline Credit Union

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Summerland Credit Union
6.24%
6.82%
$310.80

Equity Plus Personal Loan (Protected)

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A discounted variable rate personal loan available to borrowers who own or are paying off their home; use the equity in your home to help you get what you want now.

Overview

Minimum loan amount$3,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.24%

Comparison rate6.82%

Monthly repayments (approx)$310

Total repayments (approx)$11,188

Total interest repayments (approx)$1,188

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$175

GO TO Summerland Credit Union

Other Fees & Information

Monthly fee$5

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?No

Sponsored No

Telephone1300 802 222

Data accurate as of11/04/2016

GO TO Summerland Credit Union

Comparison rate warning

The comparison rate is based on a secured loan of $30,000 over 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 Summerland Credit Union

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Southern Cross Credit Union
6.49%
6.84%
$314.11

Secured Personal Loan

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Our Secured Personal Loans offer you competitive interest rates

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.49%

Comparison rate6.84%

Monthly repayments (approx)$314

Total repayments (approx)$11,307

Total interest repayments (approx)$1,307

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$8

Application / establishment fee$250

GO TO Southern Cross 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?No

Sponsored No

Telephone1300 360 744

Data accurate as of11/04/2016

GO TO Southern Cross Credit Union

Comparison rate warning

The comparison rate is based on a $30,000 loan repayable over 5 years. WARNING: This comparison rate is true only for the example 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 Southern Cross Credit Union

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Hume Bank
6.95%
7.13%
$312.40

Secured Vehicle < 5 years

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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 rate6.95%

Comparison rate7.13%

Monthly repayments (approx)$312

Total repayments (approx)$11,246

Total interest repayments (approx)$1,246

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.

GO TO Hume Bank

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Bendigo Bank
6.79%
7.21%
$312.43

Green Secured Personal Loan

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A Green Personal Loan rewards you for your environmentally friendly purchases. With a secured personal loan option, suitable for ‘A’ rated vehicles emitting less than 130g of CO2 per kilometre or an unsecured personal loan for solar, hot water, grey water treatment systems or top energy saving white goods.

Overview

Minimum loan amount$2,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.79%

Comparison rate7.21%

Monthly repayments (approx)$312

Total repayments (approx)$11,247

Total interest repayments (approx)$1,247

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$16

Application / establishment fee$150

GO TO Bendigo 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$20

Missed payment fee$30

For debt consolidation?No

Sponsored No

Telephone1300 236 344

Data accurate as of4/04/2017

GO TO Bendigo Bank

Comparison rate warning

The comparison rates displayed are calculated for secured personal loans with a loan amount of $30,000 and a term of 5 years, for unsecured personal loans the loan amount is $10,000 with a term of 3 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 Bendigo Bank

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Queensland Country Credit Union
6.79%
7.39%
$311.66

Secured Personal Loan

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If you’re looking to buy a used car or another type of motor vehicle, like a car, boat, caravan or motorcycle, we offer a competitive secured personal loan option.

Overview

Minimum loan amount$1,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.79%

Comparison rate7.39%

Monthly repayments (approx)$311

Total repayments (approx)$11,219

Total interest repayments (approx)$1,219

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$120

GO TO Queensland Country Credit Union

Other Fees & Information

Monthly fee$5

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?No

Sponsored No

Telephone1800 075 078

Data accurate as of24/10/2017

GO TO Queensland Country Credit Union

Comparison rate warning

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

GO TO Queensland Country Credit Union

Hide info ˄

NRMA
6.99%
7.54%
$316.44

Personal Loan

Expand info ˅

Get a loan from someone you can trust

Overview

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.99%

Comparison rate7.54%

Monthly repayments (approx)$316

Total repayments (approx)$11,391

Total interest repayments (approx)$1,391

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

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

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 557 354

Data accurate as of23/10/2017

GO TO NRMA

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 NRMA

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Summerland Credit Union
7.17%
7.76%
$315.12

General Purpose Loan Secured (Unprotected)

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The competitively priced, flexible personal loan with a low loan establishment fee and no early repayment fee - the smart way to get what you want sooner.

Overview

Minimum loan amount$3,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate7.17%

Comparison rate7.76%

Monthly repayments (approx)$315

Total repayments (approx)$11,344

Total interest repayments (approx)$1,344

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$175

GO TO Summerland Credit Union

Other Fees & Information

Monthly fee$5

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?No

Sponsored No

Telephone1300 802 222

Data accurate as of11/04/2016

GO TO Summerland Credit Union

Comparison rate warning

The comparison rate is based on a secured loan of $30,000 over 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 Summerland Credit Union

Hide info ˄

P&N Bank
6.99%
7.97%
$315.18

Secured Personal Loan

Expand info ˅

When you’re looking for a holiday loan, car loan or even a short term loan, you want access to the money you need without the worry of high interest rates. Our low variable rate personal loan is designed to suit a range of needs with flexible options to help you manage your repayments.

Overview

Minimum loan amount$5,000

Maximum loan amountNo maximum

Minimum term (years)2 Years

Maximum term (years)5 Years

Advertised rate6.99%

Comparison rate7.97%

Monthly repayments (approx)$315

Total repayments (approx)$11,346

Total interest repayments (approx)$1,346

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$199

GO TO P&N Bank

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$12

For debt consolidation?Yes

Sponsored No

Telephone

Data accurate as of9/04/2016

GO TO P&N Bank

Comparison rate warning

Comparison rate is calculated based on $30,000 over 5 years for secured and unsecured loans. WARNING: The 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 P&N Bank

Hide info ˄

Newcastle Permanent
6.49%
8.21%
$314.11

Personal Loan Secured

Expand info ˅

The fixed interest rates on our personal loans are really competitive, and generally much lower than credit card interest rates.

Overview

Minimum loan amount$1,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate6.49%

Comparison rate8.21%

Monthly repayments (approx)$314

Total repayments (approx)$11,307

Total interest repayments (approx)$1,307

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$250

GO TO Newcastle Permanent

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$9

For debt consolidation?Yes

Sponsored No

Telephone13 19 87

Data accurate as of9/04/2016

GO TO Newcastle Permanent

Comparison rate warning

Comparison Rate calculated on loan amount of $10,000 for a term of 3 years based on monthly repayments. 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 Newcastle Permanent

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Summerland Credit Union
8.05%
8.23%
$317.67

Eco Loan (Protected)

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Competitively priced, flexible personal loan for environmentally friendly purposes. Receive a discounted interest rate, discounted loan establishment fee, no monthly loan fees and Summerland will make a donation to a local, environmentally focused organisation.

Overview

Minimum loan amount$3,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate8.05%

Comparison rate8.23%

Monthly repayments (approx)$317

Total repayments (approx)$11,436

Total interest repayments (approx)$1,436

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$130

GO TO Summerland 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?No

Sponsored No

Telephone1300 802 222

Data accurate as of11/04/2016

GO TO Summerland Credit Union

Comparison rate warning

The comparison rate is based on a secured loan of $30,000 over 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 Summerland Credit Union

Hide info ˄

Liberty Financial
7.99%
8.26%
$319.43

Personal Best

Expand info ˅

As well as a market leading rate and no ongoing fees, the Liberty Personal Best loan provides the flexibility to access your cash as you need it and only pay interest on what you use.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate7.99%

Comparison rate8.26%

Monthly repayments (approx)$319

Total repayments (approx)$11,499

Total interest repayments (approx)$1,499

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$195

GO TO Liberty Financial

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$10

For debt consolidation?Yes

Sponsored No

Telephone13 11 33

Data accurate as of6/04/2017

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Comparison rate warning

Comparison rates are based on an unsecured $30,000 loan over a 5-year term. 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.

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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!