Pros ConsTop pick for Non-bank loan
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000)
Int. rate
6.57% to 18.99%
Comp. rate
7.19% to 21.78%
Min. Loan Amount
$5,000
Max. Loan Amount
$75,000
Int. rate
6.57% to 18.99%
Min. Loan Amount
$5,000
Finder Award
Comp. rate
7.19% to 21.78%
Max. Loan Amount
$75,000
Summary
A loan for any worthwhile purchase of up to $75,000, such as for a car, equipment, and even debt consolidation. Your interest rate will be based on your credit history. Pre-approval available.
What we like about the OurMoneyMarket Personal Loan
Pros ConsTop pick for Low interest loan
NOW Finance No Fee Unsecured Personal Loan
Int. rate
6.75% to 26.95%
Comp. rate
6.75% to 26.95%
Min. Loan Amount
$5,000
Max. Loan Amount
$50,000
Int. rate
6.75% to 26.95%
Min. Loan Amount
$5,000
Finder Award
Comp. rate
6.75% to 26.95%
Max. Loan Amount
$50,000
Summary
An unsecured personal loan with personalised interest rates and a fast application process. There are no fees, flexible repayment options and you can pay out the loan early with no penalty.
What we like about the NOW Finance Unsecured Personal Loan
Pros ConsTop pick for Good credit
Harmoney Unsecured Personal Loan
Int. rate
5.76% to 24.03%
Comp. rate
6.55% to 24.98%
Min. Loan Amount
$2,000
Max. Loan Amount
$70,000
Int. rate
5.76% to 24.03%
Min. Loan Amount
$2,000
Finder Award
Comp. rate
6.55% to 24.98%
Max. Loan Amount
$70,000
Summary
An unsecured personal loan up to $70,000. You'll receive a tailored interest rate between 5.76% p.a. and 24.03% p.a. based on your risk profile.
What we like about the Harmoney Unsecured Personal Loan
Pros ConsTop pick for quick loan
Latitude Variable Rate Personal Loan
Int. rate
9.49% to 29.99%
Comp. rate
10.37% to 30.69%
Min. Loan Amount
$5,000
Max. Loan Amount
$70,000
Int. rate
9.49% to 29.99%
Min. Loan Amount
$5,000
Comp. rate
10.37% to 30.69%
Max. Loan Amount
$70,000
Summary
Apply Latitude Personal Loan for what you need from $5,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly.
What we like about the Latitude Variable Rate Personal Loan
We analysed our database of over 200 loans, and filtered out loans that were members-only or secured in niche ways (such as by term deposits). This left us with a pool of accessible loans, which we further filtered based on interest rates, fees, and availability through Finder. In the case of a tie or a close call, we factored in features such as redraw facilities.
While we are confident that our top picks are competitive personal loans, keep in mind that there is no one-size-fits-all loan or lender. Your personal situation and preferences will determine what the best personal loan for you will be.
Our personal loan experts have analysed hundreds of Australia's biggest and smallest personal loans and lenders to help you save money. We've looked at everything from fees to features, and of course interest rates. Compare with us to find the best personal loan for you, and check back for any exclusive deals to save even more.
200
personal loans analysed
105
lenders included
9
years of experience
319,000
Australians who found a better personal loan
We asked hundreds of Australians to rate their personal loan lenders on factors like customer service, features and benefits, ease of application, fees and interest rate, and trustworthiness. Here are the results.
| Bank | Overall satisfaction | Trustworthy/reliable |
|---|---|---|
 | ★★★★★ 4.52/5 | 96% |
 | ★★★★★ 4.31/5 | 91% |
 | ★★★★★ 4.18/5 | 94% |
 | ★★★★★ 4.07/5 | 85% |
 | ★★★★★ 3.9/5 | 88% |
The best personal loan depends on your circumstances: there’s no one size fits all. Particularly as your rate will be different depending on things like income and credit score.
Here are some things to look out for to get the best loan for you.
Lenders advertise a minimum interest rate and a maximum interest rate. They’ll decide your rate based on your financial situation and while this depends on a couple of things, you can check your credit score to give yourself a rough idea of where you will sit in their interest rate range.
You should also look at the comparison rate to see how the rate changes when you incorporate fees. However it is usually based on a $30,000 loan over 5 years. If your plans are different, use a personal loan calculator to get a sense of how much a loan will cost you.
Securing your loan could get you a lower rate or increase the odds that you'll be approved for a personal loan. However, you will need to put up an asset (like your vehicle) as collateral, so ensure you can comfortably repay the loan to avoid the risk of repossession.
Quite simply, can you borrow the amount you need? In general, higher borrowing amounts have stricter eligibility criteria.
Not a must, but repaying your personal loan early means you pay less in interest. So, that’s pretty nice. Some loans that allow early repayment have fees attached, so make sure you're saving more than you're spending or opt for a loan with free early/extra repayments.
Personal loans can offer special deals which range from waived fees to a discounted interest rate or cashback. These could save you hundreds if not thousands of dollars depending on the loan.
"Finding a loan that's even 1% cheaper can save you hundreds of dollars. You can save even more if you can afford some extra repayments early on, just watch out for any early repayment fees."
To see how the interest rate can affect your repayments, we looked at 2 loans with the same loan amount and loan term.
Loan amount: $30,000
Loan term: 5 years
| Loan A | Loan B | |
|---|---|---|
| Interest rate | 8.00% | 9.00% |
| Monthly repayment | $609 | $623 |
| Total repayment | $36,498 | $37,366 |
| Interest paid | $6,498 | $7,366 |
By paying 1% more on this loan, you’d pay $868 more in interest.
New to personal loans? We get that personal loans can get a bit complicated, so we've done our best to simplify things on our personal loans hub.
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these ):
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.
Are secured personal loans better than unsecured personal loans and how do they work?
Personal loans offer a range of loan amounts to suit different purposes and budgets. Here's how to get the loan amount you need.
If you're wanting to bolster your application, buy an asset with your partner or apply for a loan you're not eligible for by yourself, you can consider a joint application personal loan.
Not all personal loans come with endless documentation. Some lenders specialise in quick and easy application processes.
Compare unsecured personal loans from some of Australia's top lenders. Find the best deal on rates, fees and features in seconds.
Use a personal loan calculator to work out your repayments or compare loans with a comparison calculator.
Compare a range of lenders that can offer you competitive rates on holiday loans.
We’ve written about fixed rate personal loans and what their advantages are.
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.
Hi,
I’m wanting to get a loan for $10,000 and the “big” banks won’t help me because I had a quick cash loan but it was paid off last month with no dramas. I don’t have a bad credit rating and I’m not sure who I can go to for help?
Thank you,
Hi Jessica,
Thanks for reaching out to Finder.
The information on this page allows you to compare some personal loans you can choose from. You make click on “more” to get additional details about the loan offered. 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.
As each time one applies for a personal loan, the information shows up on the credit file, so multiple loan applications may not look good on the lenders. You may want to review our guide on how to apply for a personal loan as it will help you know how you can narrow down your choices in terms of selecting a personal loan you can go for.
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.
Cheers,
Joanne
Hi, I was wondering what would be the best personal loan for me to pay out my $4000 credit card and get a little extra on top. I pay $50 to $80 a week on it at the moment but I just keep using it and I want to get rid of it.
Hi Darren,
Thanks for reaching out to Finder.
If you are looking for a cheaper way to pay off your credit card debts, you may opt to a personal loans for debt consolidation. A debt consolidation personal loan might help you in getting out of debt and to lower your repayments. This type of loan allows you to borrow a lump sum which you can then use to pay off your credit accounts, credit card, and personal loan or otherwise.
On the page, is a comparison table you can use to see which lender suits you. You can click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.
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.
Hope this helps.
Cheers,
Rench
My mother and I are pensioners and would like advice on which bank/building society can help us with a personal loan of $25,000 over 5-8yr period asap.
Hey Lynette,
Thank you for reaching out to us.
You may find useful information on this page on Pensioner Loans which includes lenders that consider pensioners for a loan.
As finder is an online comparison service and is not a product issuer, it would be best to get in touch with a lender featured on this page to discuss your eligibility or options.
Before applying, please ensure that you meet the eligibility criteria and requirements and to read the details, as well as the relevant PDS/ T&Cs of the option before making a decision and consider whether the product is right for you.
I hope this helps.
Cheers!
Maria
I want a personal loan. Please send me as much information as possible. Thank you!
Hi Dean!
On the page where you’re at are the list of lenders we have available. Kindly choose among them based on your personal circumstances and eligibility preferences.
You can click “Go to Site” green button to proceed with your application of your chosen lender. Specific questions should be raised to them.
Hope this helps.
Cheers,
Jonathan
Hi
I currently have 2 credit cards, 1 of $2000 and 1 of $8000.
I’m currently paying $400 per month to these cards but the interest just eats most of it so im not really getting anywhere with them and i want them gone. I was considering applying for an interest free credit card to consolidate them and paying as much as i can for the interest free period, then getting an unsecured personal loan at the end of the interest free period at the lower then credit card interest rate. I’m part time for 20 hours per week and work a minimum of 32 hours, I net approx 700-800 per week. Does this sound like a good idea or am I going to give myself a headache and bad credit because from what I’ve heard interest free credit cards have a negative impact of your credit rating.
Cheers
Phil
Hi Phil,
Thanks for your question.
A balance transfer is a good option for you if you are looking to save on interest payment on your credit card debt, and you can ensure that you’ll be able to repay all your debts within the promo period. Kindly note that after the balance transfer promo period, any remaining balance on your debt will attract a high rate of interest.
In regards to your income, balance transfer credit cards have different income requirements. Check the list of low-income credit cards on our website to compare and explore your options.
Balance transfer may leave a positive effect on your credit rating. To learn more, read our guide, “How does a balance transfer affect your credit score?”
I hope this helps.
Regards,
Anndy