$10,000 loans in Australia

If you want to borrow $10,000, look for a personal loan with a low interest rate and fees. Get a better deal by improving your credit score.

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Rebecca Pike

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Richard Whitten

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1 - 9 of 171
Updated regularly
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Harmoney Unsecured Personal Loan
Harmoney logo
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$320.56
Go to siteMore Info
NOW Finance No Fee Unsecured Personal Loan
NOW Finance logo
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$307.63
Go to siteMore Info
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000)
OurMoneyMarket logo
Finder award winnerFixed1 - 7 Years $5,000 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$320.62
Go to siteMore Info
Revolut Unsecured Personal Loan
Revolut logo
Fixed1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.56%
to 24.99%
Comp. Rate (p.a.)
6.56%
to 21.79%
Application Fee
$0 - $499
Monthly Fee
$0
Monthly Repayment
$322.07
Go to siteMore Info
Latitude Variable Rate Personal Loan
Latitude Financial Services logo
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$333.28
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed
NAB logo
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.88%
to 21.78%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$338.52
Go to siteMore Info
OurMoneyMarket Secured Personal Loan ($5,000-$75,000)
OurMoneyMarket logo
Fixed1 - 7 Years $5,000 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$320.62
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
NAB logo
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.88%
to 21.78%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$338.52
Go to siteMore Info
Jacaranda Finance Secured Personal Loan
Jacaranda Finance logo
Fixed25 Months - 3 Years $3,000 - $25,000
Interest Rate (p.a.)
16.95%
to 29.95%
Comp. Rate (p.a.)
32.99%
to 45.50%
Application Fee
$125 - $1,190
Monthly Fee
$26
Monthly Repayment
$424.68
Go to siteMore Info
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How do I compare $10,000 loans?

There are a few things to look out for while comparing $10,000 loans. You should keep in mind the following when making comparisons:

FeatureExplanation
Interest rateThe percentage of the loan the lender charges you for borrowing. A lower rates means lower monthly interest charges.
Fixed or variableA fixed interest rate locks you into a single interest rate for the entirety of the loan. Variable rates can change, either go up or down.
FeesMany loans charge a one-off establishment fee as well as a monthly service fee. Other fees to watch for include early repayment fees, early break fees, and redraw fees.
Loan termHow long you have to repay the loan, with most personal loans allowing you to borrow for up to seven years. Choosing a shorter loan term means you pay more back each month, but also reduces the amount of interest you pay over the life of the loan.
SecurityBorrowers often use secured personal loans when buying a car. The car is security for the loan if you can't repay it. But many lenders offer competitive unsecured loans that don't require any security.
Repayment scheduleMany loans allow you to choose from weekly, fortnightly or monthly repayments.
Loan purposeMost unsecured loans are for "any worthwhile purchase", and can be used for anything from weddings to holidays, to electronics or a car. Some loans, such as green loans or debt consolidation loans, must be used for a specific purpose.

How much will a $10,000 loan cost per month?

Your monthly repayments depend on the loan you choose and the rate you are offered. The loan term, interest rate and fees largely determine how much you'll end up paying. If you opt for a risk-based loan, your interest rate will be personalised based on your credit score, with higher scores being offered lower rates.

The table above shows the monthly repayments for a $10,000 loan with a 3 year term. You can put in your loan details and get an indication of what your monthly repayments will be. You can also use a personal loan calculator.

Calculate the cost of your $10,000 loan

Your personal loan details

Loan amount
$
Term
Repayment type
Interest rate
%
Monthly fee
$
Interest only period
Payment frequency
Extra monthly repayments
$

Overview of your loan

Once the interest only period ends, your estimated repayments will be
(including extra )
Total loan repayments:
Total interest / fees payable:
Compare personal loans
By making extra monthly repayments of
Your loan term could reduce by:
You could pay less interest, saving:
See as a table
Years remaining Principal remaining
Calculator Assumptions: The above calculations are worked out assuming you're paying off a principal and interest loan where the interest rate remains the same over the life of the loan. The repayment amounts do not take into account any additional fees or charges that may be charged to your loan (e.g. application fees).
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.

What types of $10,000 loans are there?

Personal loans

  • With a personal loan, you can get access to funding to pay for a variety of large purchases or expenses. These can include medical bills, home renovations, weddings or holidays. These loans can either be secured (by an asset such as your home or car) or unsecured. The amount you can borrow varies from $2,000 up to $100,000, depending on the type of loan. Secured loans usually have higher borrowing limits than unsecured loans as they are less risky to the lender.

Car loans

  • Car loans can be either secured or unsecured, and the money is limited to the purchase of the car. Borrowers with poor or limited credit history can increase their chances of approval by going for a secured car loan. As with any secured loan, there is always the risk of losing the asset if you're unable to meet your repayments.

Business loans

  • If you're looking to borrow for business purposes, you can explore the option of a business loan. These loans typically come with higher borrowing limits than personal loans with amounts up to $20,000,000. How much you can borrow will depend on the lender, the type of business loan, your annual turnover, your company's credit rating and the purpose of the loan.

$10,000 loan vs credit cards

$10,000 is a large amount of money for most people. It's a large personal loan. It's a massive credit card debt.

Personal loans have lower interest rates on average than credit cards, and scheduled repayments with a set end date.

With credit cards, it's possible to build up a large debt and take years to pay it off. The interest charges can really start to add up.

Is a credit card with a $10,000 limit ever a better option?

If you can qualify for a card with a $10,000 limit you (hopefully) have a reasonable income and an Excellent credit score.

Even so, the card won't let you spend $10,000 in one go. But you could use a card like this to cover multiple transactions over time.

If you're diligent about paying them off, and take advantage of interest-free periods, you could avoid paying huge amounts of interest.

Why compare personal loans with Finder?

freeAddicted to details. We know taking out a personal loan is something you'll be hooked up with for a while. That's why we put hours into research for this guide (and still do at least once a month)
expert adviceRates obsessed. Lenders come in all shapes and sizes, that's why we don't just track the big banks, but all the digi folk too. Pretty much everyone but your parents to be honest.
independentCash for whatever you need. Lending rates verified from 180+ products day and night. Whether you're buying a car, rennovating your home or heck just ready to let loose with the spending - we got you.

FAQs about 10,000 loans

Richard Whitten's headshot
To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten as part of our fact-checking process.
Rebecca Pike's headshot
Written by

Senior writer

Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products. See full bio

Rebecca's expertise
Rebecca has written 197 Finder guides across topics including:
  • Home loans
  • Cost of living
  • Budgeting
More resources on Finder

More guides on Finder

  • OurMoneyMarket personal loans

    OurMoneyMarket offers personal loan solutions for whatever your need. Whether you want to buy a new car, pay for your wedding or renovate your home, you can choose between secured and unsecured loan options.
  • Secured Personal Loans

    Are secured personal loans better than unsecured personal loans and how do they work?
  • Pepper Money Unsecured Personal Loan

    Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.
  • How much can I borrow with a personal loan?

    Personal loans offer a range of loan amounts to suit different purposes and budgets. Here's how to get the loan amount you need.

  • Citi Ready Credit

    If you are looking for a credit card that gives access to a limited balance transfer offer, Visa and dining benefits, look no further than the Citi Ready Credit.

  • Unsecured personal loans in Australia

    Compare unsecured personal loans from some of Australia's top lenders. Find the best deal on rates, fees and features in seconds.
  • Fixed rate personal loans from 5.76% p.a.

    We’ve written about fixed rate personal loans and what their advantages are.
  • The best personal loans – 5 expert picks

    Finder's experts look into our database of over 200 personal loans each month to bring you our Top Picks across 5 key categories.
  • Low interest personal loans that’ll peak your… interest

    Find a low interest loan by comparing your options with Finder. See interest rates, fees, and features for loans across Australia, plus guides to help you get the best deal.
  • Refinance your personal loan

    If you're sick of paying too much interest, find out how you can save money when you refinance your personal loan. There is a range of options available and you might get out of debt sooner.

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123 Responses

    Default Gravatar
    TaylorAugust 23, 2015

    Hi there, i am looking for a $10,000 loan to get me back on track and fix up my little bit of debt, when i was 18 got a loan out what was stupid. Now 21 now and have been working at my new job and getting consistent money flow of 1500+ after tax a fortnight. Would any of your loans you know of offering a long teem loan with bad credit(with low interest rate) :) thanks

      AvatarFinder
      ElizabethAugust 24, 2015Finder

      Hi Taylor,

      Thanks for your question.

      You can take a look at each of the lenders offering loans up to $10,000. By following the link you can read a review of each of these lenders and find out the eligibility criteria, the loan terms, and the interest rates. Once you have found a lender you want to apply with, click ‘Go to Site’ to submit your application. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,
      Elizabeth

    Default Gravatar
    DARIOAugust 12, 2015

    HOW CAN I GET A $10000 LOAN. MY CREDITS NOT THAT GOOD . IM JUST TRYING TO PAY OFF SOME BILLS SO I CAN JUST HAVE 1 BILL SO I CAN PAY IT ALL AT ONCE

      AvatarFinder
      ElizabethAugust 12, 2015Finder

      Hi Dario,

      Thanks for your question.

      You may refer to the lenders available on our guide to apply for a bad credit loan of up to $10,000. Select your preferred lender and read through their review page and apply directly through their website. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,
      Elizabeth

    Default Gravatar
    JayAugust 9, 2015

    Hello I’m looking to borrow 10k due to a few bills toll fines etc also finish my mods on my car and get my partners car in worker order – I’m from Melbourne also work full time – thanks in advance !

      AvatarFinder
      ElizabethAugust 10, 2015Finder

      Hi Jay,

      Thanks for your question.

      You’ve come through to finder.com.au, a financial comparison service, and we don’t actually offer the loans ourselves. You can take a look at your options on the page above under the section ‘Lenders you can consider for a bad credit loan up to $10,000’ and find the one that is best for you. The eligibility criteria is listed on the review pages.

      I hope this has helped.

      Thanks,

      Elizabeth

    Default Gravatar
    LauraAugust 4, 2015

    How can I get $10,000 with bad credit????? I need it asap

      AvatarFinder
      ElizabethAugust 4, 2015Finder

      Hi Laura,

      Thanks for your question.

      The guide provides details on how to get a $10,000 loan. In terms of lenders, we only have a few available for comparison that can offer bad credit loans of up to $10,000. If you are ready to apply, select ‘Go to Site’ to head over to their website to apply. Please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,
      Elizabeth

      Default Gravatar
      LauraAugust 4, 2015

      I asked previously about getting a $10,000.00 loan with bad credit but I must not have mentioned that I am from SC in the USA. Everything you suggested to me was for Australians only. Any suggestions for USA SC residents????

      AvatarFinder
      ElizabethAugust 5, 2015Finder

      Hi Laura,

      You can compare US residents loans. Please make sure to read through eligibility requirements and relevant terms and conditions prior to any application.

      Best of luck!

      Thanks,

      Elizabeth

    Default Gravatar
    DallasJuly 29, 2015

    I would like to get a loan to pay out all that I owe and bring my wife and son home from over seas. I have never seen my son and I promise him that he would be home for his birthday next month and I’m finding it hard I saved up the money and every thing was good and at the last minute the money was stolen. I wish some one out there can help me plus pay out what I owe and to clean up my pension so I only have one bill to pay not 4 bills please can any body help I am begging…..

      AvatarFinder
      ElizabethJuly 31, 2015Finder

      Hi Dallas,

      Thanks for your question and sorry to hear about your situation.

      You can find out about your debt consolidation options and about borrowing on a pension. If you’re looking for financial advice you can call the free financial counselling hotline on 1800 007 007.

      I hope this information will be of use.

      Thanks,
      Elizabeth

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