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

Low Rate Loan

With a Low Rate Personal Loan, it’s easier to make your dreams come true. Offering a super-low interest rate and minimal fees, our low interest loan helps you get your plans into gear.

Overview

Minimum loan amount$5,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate7.99%

Comparison rate8.62%

Monthly repayments (approx)$318

Total repayments (approx)$11,482

Total interest repayments (approx)$1,482

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$25

Application / establishment fee$175

GO TO Beyond 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$0

Missed payment fee$20

For debt consolidation?No

Sponsored No

Telephone13 25 85

Data accurate as of5/04/2017

GO TO Beyond Bank

Comparison rate warning

The comparison rates are calculated for a secured loan of $30,000 with monthly repayments over a term of five 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 Beyond Bank

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Secured Personal Loan

Perfect for buying a new or used vehicle, or to refinance an existing car loan.

Overview

Minimum loan amount$2,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate7.79%

Comparison rate8.64%

Monthly repayments (approx)$317

Total repayments (approx)$11,420

Total interest repayments (approx)$1,420

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$16

Application / establishment fee$150

GO TO Bendigo 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$20

Missed payment fee$30

For debt consolidation?Yes

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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Variable Rate Personal Loan

If you’re looking for a great value personal loan, our Variable Rate Personal Loan gives you flexibility, a competitive interest rate and fast approval.

Overview

Minimum loan amount$1,000

Maximum loan amount$80,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate7.88%

Comparison rate8.72%

Monthly repayments (approx)$316

Total repayments (approx)$11,385

Total interest repayments (approx)$1,385

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$100

GO TO Australian Military 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$550

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 13 23 28

Data accurate as of20/10/2017

GO TO Australian Military Bank

Comparison rate warning

Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.

GO TO Australian Military Bank

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Fixed Rate Personal Loan

If you’re looking for a personal loan with set repayments, our Fixed Rate Personal Loan gives you the peace of mind in knowing what your repayments will be for the life of your loan.

Overview

Minimum loan amount$1,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate7.93%

Comparison rate8.77%

Monthly repayments (approx)$316

Total repayments (approx)$11,393

Total interest repayments (approx)$1,393

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$100

GO TO Australian Military Bank

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$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone1300 13 23 28

Data accurate as of20/10/2017

GO TO Australian Military Bank

Comparison rate warning

Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.

GO TO Australian Military Bank

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Equity Plus Personal Loan (Unprotected)

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 rate8.81%

Monthly repayments (approx)$310

Total repayments (approx)$11,188

Total interest repayments (approx)$1,188

Rate typeVariable

Secured or unsecuredUnsecured

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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Enviro Loan

Get rewarded for making green purchases and improvements to your home with a low interest rate, great features and no monthly service fees or charges.

Overview

Minimum loan amount$500

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate7.95%

Comparison rate8.83%

Monthly repayments (approx)$319

Total repayments (approx)$11,492

Total interest repayments (approx)$1,492

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

Telephone132 067

Data accurate as of9/04/2016

GO TO Regional Australia Bank

Comparison rate warning

WARNING: This comparison rate is for an unsecured variable rate “Enviro Loan” based on $15,000 over 3 years. It refers to the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Interest rates are on a per annum basis and are current as at 01/02/17 and are subject to change.

GO TO Regional Australia Bank

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No Fee Personal Loan

A No Fee Personal Loan offers an attractive fixed interest rate, so your repayments stay the same for the life of the loan. Relax and budget with confidence.

Overview

Minimum loan amount$10,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate8.89%

Comparison rate8.89%

Monthly repayments (approx)$317

Total repayments (approx)$11,429

Total interest repayments (approx)$1,429

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$0

GO TO Beyond 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

Telephone13 25 85

Data accurate as of5/04/2017

GO TO Beyond Bank

Comparison rate warning

The comparison rates are calculated for a secured loan of $30,000 with monthly repayments over a term of five 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 Beyond Bank

Hide info ˄

Lifestyle Personal Loan - Property Owner

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 rate7.89%

Comparison rate8.92%

Monthly repayments (approx)$317

Total repayments (approx)$11,431

Total interest repayments (approx)$1,431

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 No

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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Secured Vehicle > 5 years

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 rate8.95%

Comparison rate9.13%

Monthly repayments (approx)$321

Total repayments (approx)$11,582

Total interest repayments (approx)$1,582

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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Secured Personal Loan

Talk to us for a competitive interest rate on car and personal loans.

Overview

Minimum loan amount$1,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate8.49%

Comparison rate9.16%

Monthly repayments (approx)$321

Total repayments (approx)$11,589

Total interest repayments (approx)$1,589

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO The Mutual

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$18

For debt consolidation?Yes

Sponsored No

Telephone1300 688 825

Data accurate as of6/04/2017

GO TO The Mutual

Comparison rate warning

Comparison Rate is calculated on a loan amount of $30,000 for a 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 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 The Mutual

Hide info ˄

BeGreen Loan

If you would like to be greener by improving the insulation at home, buying a water tank or installing a solar energy unit, First Option can provide you the funds you need to make that step towards a cleaner and greener home

Overview

Minimum loan amount$2,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate8.99%

Comparison rate9.24%

Monthly repayments (approx)$323

Total repayments (approx)$11,646

Total interest repayments (approx)$1,646

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$175

GO TO First Option 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?No

Sponsored No

Telephone1300 855 675

Data accurate as of5/04/2017

GO TO First Option Credit Union

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 First Option Credit Union

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Live Life Home Equity

Holiday Coast Credit Union Live Life Home Equity Loan allows you to use the equity that you have built up in your personal residence.

Overview

Minimum loan amount$1,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate9.00%

Comparison rate9.28%

Monthly repayments (approx)$324

Total repayments (approx)$11,685

Total interest repayments (approx)$1,685

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Holiday Coast Credit Union

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 fee$0

Missed payment fee$9

For debt consolidation?Yes

Sponsored No

Telephone1300 365 724

Data accurate as of6/04/2017

GO TO Holiday Coast 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 Holiday Coast Credit Union

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Secured Personal Loan - Fixed

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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HSBC Premier Personal Loan

Renovate your home, get a new car or plan a dream holiday. Whatever you have in mind, you could make it happen with an HSBC Premier Personal Loan.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate9.50%

Comparison rate9.72%

Monthly repayments (approx)$325

Total repayments (approx)$11,704

Total interest repayments (approx)$1,704

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO HSBC

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$199

Missed payment fee$30

For debt consolidation?Yes

Sponsored No

Telephone1300 308 280

Data accurate as of6/04/2017

GO TO HSBC

Comparison rate warning

The comparison rate is based on an unsecured loan of $30,000 over the 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 HSBC

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Personal Loan Secured

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 rate7.99%

Comparison rate9.73%

Monthly repayments (approx)$321

Total repayments (approx)$11,561

Total interest repayments (approx)$1,561

Rate typeFixed

Secured or unsecuredUnsecured

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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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!