When comparing $10,000 personal loans you should think about the interest rate, fees, loan type and loan term.
Most personal loans come with personalised interest rates based on your credit score.
Choosing a $10,000 personal loan or $10,000 credit card limit depends on your needs and ability to keep up with costs.
How do I compare $10,000 loans?
When comparing $10,000 personal loans, make sure you consider the following:
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 will depend on your interest rate, any fees and your loan term. Most personal loans offer personalised interest rates where your interest rate is personalised based on your credit score, with higher scores being offered lower rates.
This makes it hard to guarantee how much your loan repayments will cost. You can use this month's best rates to calculate an estimate using our personal loan calculator.
Personal loan statistics in April 2025
The lowest unsecured rate is 5.76% and the average is 10.91%.
The lowest secured rate is 6% and the average is 10.02%.
The average Australian is carrying $22,455 in personal loans (including car loans).
Most people take out personal loan terms of 4 years.
30% of millennials with a loan are concerned about their debt.
*The information in this update comes from Finder's loans database and Consumer Sentiment Tracker. Information is correct as of 11 March 2025.
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
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. Personal 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.
Our expert says: Choose your loan term wisely
"Taking out a $10,000 loan will likely be a years-long commitment, but the longer you make your loan term the more money you will pay in interest. On the plus side, you'll probably be able to better manage your monthly repayments. As an example, a $10,000 loan with an interest rate of 7% over 3 years will make your monthly repayments $309 a month and you'll pay $1,116 in interest over the loan. If you paid that same loan off over 6 years, you'd pay a lower repayment of $151 but you'd pay $2,678 in interest on top of your loan amount. The decision is for you to weigh up. Take a look at how much you can comfortably afford each month (and by comfortably I mean with extra cash left over for those emergencies that can crop up). The sooner you can pay off the loan, the better, but not if it will put you in financial stress with the repayments."
$10,000 is a large amount of money for most people. It's a large personal loan, but 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
Choosing how long you want your loan term to be, for a $10,000 loan or any other amount, depends on your budget and your goals. A shorter term means more expensive repayments but less interest payments, making it cheaper overall.
A longer term is more affordable month-to-month but more expensive in the end. A loan that lets you make extra repayments could be the best of both worlds, as you can both take out a long loan term and pay down your principal when you have spare cash.
Choosing between a fixed rate or a variable rate is a matter of preference, for both $10,000 loans and other loan amounts.
Variable rates may be lower, but those interest rates could rise over the life of your loan. Fixed rates are predictable, however could start out higher and tend to have limits or fees for early repayments.
The higher your credit score the lower the interest rate you can get. Borrowers with Excellent or Good credit scores have a much easier time borrowing larger loan amounts. But you can still get a $10,000 personal loan with a lower credit score. But you will have a higher interest rate.
Your chance of approval also depends on other factors like your income and expenses.
Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio
Rebecca's expertise
Rebecca has written 219 Finder guides across topics including:
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????
Finder
JoshuaMarch 19, 2018Finder
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
WilliamFebruary 12, 2018
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
Finder
RobynFebruary 22, 2018Finder
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
TrudyJanuary 10, 2018
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
Finder
HaroldJanuary 10, 2018Finder
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
jamesOctober 17, 2017
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
AsterOctober 17, 2017
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
JanaOctober 2, 2017
I have started a new Airport Shuttle & need some financing for a down payment/financing for a shuttle bus.
DanielleOctober 2, 2017
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.
This secured loan may be used for any worthwhile purchase and requires security against a vehicle. It uses risk-based pricing, so your interest rate will be set based on your credit score and history.
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.
Why not be rewarded for your good credit history? MoneyPlace offers unsecured personal loans with rates starting at 8.49% p.a. – finance a range of personal purposes and borrow up to $80,000. Read the review and see if you're eligible to apply.
The Variable Rate Personal Loan features flexible loan and repayment terms and the ability to choose a loan amount up to $50,000. You are able to make unlimited additional repayments to help pay off your loan amount even faster, and you can redraw from your additional repayments if the need arises.
The Commonwealth Bank Fixed Rate Personal Loan offers a convenient financing solution to help you fund anything you need – borrow between $4,000 and $50,000 and have it funded on the same day you apply.
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Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
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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.
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