$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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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:
| Feature | Explanation |
|---|---|
| Interest rate | The percentage of the loan the lender charges you for borrowing. A lower rates means lower monthly interest charges. |
| Fixed or variable | A 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. |
| Fees | Many 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 term | How 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. |
| Security | Borrowers 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 schedule | Many loans allow you to choose from weekly, fortnightly or monthly repayments. |
| Loan purpose | Most 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:
By making extra monthly repayments of
Your loan term could reduce by:
You could pay less interest, saving:
| 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?
Addicted 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)
Rates 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. 
Cash 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
More resources on Finder
More guides on Finder
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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.
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Secured Personal Loans
Are secured personal loans better than unsecured personal loans and how do they work?
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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.
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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.
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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.
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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.
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Fixed rate personal loans from 5.76% p.a.
We’ve written about fixed rate personal loans and what their advantages are.
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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.
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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.
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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.
Ask a question
Im a single mum of 4 i got left with 10000 worth of debt i need to wrap up into one payment im on centerlink but get roughly 3600 a month can anyone help me??? Will anyone help me????
Hi Simone,
Thanks for getting in touch with Finder.
I understand the financial difficulty you are going through and I hope all things get better for you.
Being on Centrelink means that you have limited loan options. However, you might want to check our list of pensioner loans and see a table that conveniently compares the lenders who might be able to help you. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. 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. You can also contact the provider if you have specific questions.
Moreover, if you’re experiencing financial hardship and would like to speak to someone for free financial counseling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30 am to 4 pm, Monday to Friday.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
I own my on business and I need a$10000 loan to get by a few months but would like to term out over three years
Hello William,
The loan options above are for personal loans and mostly, the terms are for 24 months but there are also some loans good for 60 months. If you wish to apply for a business loan, you can compare your options by using the comparison table. Business loans mostly have a maximum loan term of 2 years.
Once you’ve chosen a provider, you may click on the “Go to site” to be directed to their main website where you can check more details or even start your application.
Before applying, please ensure that you meet the eligibility criteria and requirements.
Hope this helps. Should you have further questions or clarifications, please do not hesitate to contact us again.
Best Regards,
Robyn
I my husband walked out with all our money a couple months ago. I work full-time but have been on leave without pay since, I have returned to work but am desperately needing $10,000 to pay off some debts. I don’t have a great credit rating as I haven’t been able to pay some bills. Is there anyone out there that would be willing to help. I don’t own any real assets and am trying to catch up and pay off my car. Thank you
Hi Trudy,
Thank you for your inquiry.
As per checking you are already on the right page. What you can do next is to compare the available options that will best fit your personal requirements. There are options available to you if you need to borrow a large amount of money. The first step to taking out a loan is understanding your options that is listed on this page.
I hope this information has helped.
Cheers,
Harold
me and my woman have a income of $4800.00 a month i need a $10.000 loan to buy a truck can i get it asap
Hello James,
Thank you for contacting us.
This page has a list of lenders that can offer you loans even if you have a poor credit rating. You can also opt for equipment finance, a business loans available if you are going to purchase equipment. You can use our comparison table to help narrow down your options.
Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.
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. You can also contact the provider if you have specific questions.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
I have started a new Airport Shuttle & need some financing for a down payment/financing for a shuttle bus.
Hi Jana,
Thank you for contacting Finder.
You may consider applying for a business vehicle finance to know your vehicle finance options and compare business car loans. You can use our comparison table to help you compare lenders based on their loan amount, term, and upfront fee. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.
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. You can also contact the provider if you have specific questions.
I hope this helps.
Cheers,
Danielle