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.
Pros
Competitive interest rates
No ongoing fees
No penalties for additional payments
Cons
Late payment fee of $35
Direct debit dishonour fee of $25
What we like about the OurMoneyMarket Personal Loan
Cashback offer. Applicants with an excellent credit score can receive a $100 eGift Card if they apply via Finder before 30 April 2025 and settle the loan by 15 May 2025.
Competitive rate. OurMoneyMarket has a very competitive rate, especially for a fixed rate loan. It ranks in the top 10% of lowest rate loans in Finder's database for 'Excellent' credit.
No early repayment fees. Paying off your loan early minimises the amount of interest you pay, saving you money over the lifetime of your loan. It's a bonus to be able to do so without paying a fee.
Flexibility of a non-bank. OurMoneyMarket gives you the exact same consumer protection you'd get from a bank loan, but as a non-bank lender it's more flexible around eligibility criteria and interest rates.
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.
Pros
No security is required
Use the loan on any worthwhile purchase
Fast application
Cons
Interest rates may be high if you have a low credit score
What we like about the NOW Finance Unsecured Personal Loan
Low rate. Right now, NOW Finance ranks among the lowest rates in our database, especially for a general use loan. Based on an 'Excellent' credit score, its rate is lower than 90% of loans in our database.
No fees. No fees at all make this an easy loan to slot into your budget, which makes it suitable for things like debt consolidation where many borrowers want their loan to be as straight forward as possible.
Finder Award winner. NOW Finance took first place in the 2023 Finder Personal Loan Awards for its simplicity and consistently low rates.
Top pick for Good credit
Harmoney Unsecured Personal Loan
Int. rate5.76% to 24.03%
Comp. rate6.55% to 24.98%
Min. Loan Amount$2,000
Max. Loan Amount$100,000
Int. rate5.76% to 24.03% Min. Loan Amount$2,000
Comp. rate6.55% to 24.98% Max. Loan Amount$100,000
An unsecured personal loan up to $100,000. You'll receive a tailored interest rate between 5.76% p.a. and 24.03% p.a. based on your risk profile.
Pros
Tailored, competitive rates
Apply for up to $100,000
No security required
Cons
Restrictive repayment terms
$275/$575 upfront fee
What we like about the Harmoney Unsecured Personal Loan
Low rate for strong credit scores. Harmoney’s lowest advertised rate is very competitive and is lower than 90% of the loans in Finder’s database. So, the better your credit score, the more likely you’ll be quoted a low rate.
Wide borrowing amounts. You can borrow as little as $2,000 with this loan, and go as high as $70,000.
No early repayment fees. If you can afford to make extra repayments, then you could save even more on interest as Harmoney do not charge fees for paying off your loan early.
Top pick for quick loan
Latitude Variable Rate Personal Loan
Int. rate9.49% to 29.99%
Comp. rate10.93% to 31.38%
Min. Loan Amount$5,000
Max. Loan Amount$100,000
Int. rate9.49% to 29.99% Min. Loan Amount$5,000
Comp. rate10.93% to 31.38% Max. Loan Amount$100,000
Apply Latitude Personal Loan for what you need from $5,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly.
Pros
Tailored interest rate
Low minimum borrowing amount
Secured or unsecured
Cons
$13 monthly fee
Early repayment fees may be charged
Fairly high minimum and maximum interest rates
What we like about the Latitude Variable Rate Personal Loan
Fast turnaround. Latitude will provide you with a quote within 2 minutes. It then takes under 7 minutes to apply and if you’re approved, you can get the funds within 24 hours of when you accept.
Choice to secure. While this is an unsecured loan, you have the option to secure it. This could improve your chance of approval, or even get you a lower rate.
No early repayment fee. You can make extra repayments with this loan, and even pay it off fully before the agreed term. This can save you a lot of money if you have the extra cash.
Methodology: How we chose our Top Picks
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.
Finding the best personal loan
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.
Why you can trust our research
200
personal loans analysed
105
lenders included
9
years of experience
319,000
Australians who found a better personal loan
Best personal loans for customer satisfaction in 2024
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%
How do I find the best personal loan for me?
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.
Interest and comparison rate
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.
Secured or unsecured
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.
Borrowing amounts
Quite simply, can you borrow the amount you need? In general, higher borrowing amounts have stricter eligibility criteria.
Early repayment options
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.
Special deals
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.
Our expert says
"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."
We currently don't have that product, but here are others to consider:
How we picked these
FAQs
Banks and non-banks are quite similiar when it comes to personal loans, and so it's generally best to compare products from both when choosing a personal loan. They both need to abide by the same Australian Government regulations, so you will be safe borrowing money from either one.
The main differences are that non-banks tend to have lower overhead and more relaxed rules, so you might find lower rates and wider eligibility criteria with them. Banks will have a wider variety of financial products, and may have deals if you use them for multiple things (such as your personal loan, savings account or credit card).
Your own preferences will determine whether a fixed or a variable interest rate is best for you. In general, variable rates tend to be lower - though you risk the interest rate rising as market conditions change. Fixed interest rates give you more certainty and are easier to budget for.
There are good deals for both types of interest rates. So, unless you strongly prefer one over the other, it may be worth looking at both when choosing your personal loan.
"Best" is relative to your situation and credit score. With a bad credit personal loan, you may have to readjust what you think is best (for example, low cost). Instead, you may have to look into things like which loans have wider eligibility criteria. Once you've picked out the loans you are eligible for, you can filter them based on cost and features.
In May 2025, the average unsecured personal loan is 10.88%. The average secured personal loan is 9.78%. But remember that these are the advertised rates. Real rates will vary depending on the interest rate offered to you based on your credit score and financial situation.
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.
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 228 Finder guides across topics including:
Hi my name is hamad and i am an international student studying in australia. I would like to have a loan for $10,000 for a car and other necessities. I have 3 years left in my visa. My salary is $3,900. Is there any place that can provide me with this loan. Thank you.
Hi there, I need to borrow about $8000-$9500 for a car and bond for a house. I work full time but I get paid in cash for the time being. I have payslips from the time I started working here which was 11 months ago. I’m new to this and need a lot of help. Before tax I get $850 weekly after tax I get roughly $720. I have no expenses as I’m living with parents only board which is $130 weekly. Any advice or recommendation would be muchly appreciated thank you.
Finder
ElizabethApril 15, 2016Finder
Hi Keziah,
Thanks for your question.
Lenders have different requirements in terms of eligibility and how they can approve your for a loan – you will usually need to provide documents to prove your income, so payslips will suffice, but you may also need bank statements as well as 100 points of ID and various information about your financial situation, such as your income, employment details, assets, etc.
You can find out what is required for each lender by clicking through the More Info link to read a review of the lender and by clicking Go to Site if you are ready to apply.
I need help for a short team loans. But all my income normally was going though my gf acc or by cash , how I can proof my I got full time job? Need loans asap.thx for help me
Finder
ElizabethApril 12, 2016Finder
Hi Zhenyufan,
The majority of lenders will need to see three months of banking history where your income was going in order to verify it. You can compare short term cash loans and find out what documentation is required to be approved. You may also have more luck applying at a lender that has a physical branch, so you can bring in your payslips and verify your income that way.
Hope this has helped,
Elizabeth
SarahApril 11, 2016
Hello
I’m looking at getting out a personal loan to pay for cosmetic procedures & to pay off the rest of my credit card.
I’m looking at loaning $25,000 and my credit card has $3,000 remaining.
I’d like to make monthly payments of $1,000.
I’m very unsure about ‘variable’ and ‘fixed’ rates (this is all very new to me!)
Any advice would be appreciated :)
Thank you
Finder
ElizabethApril 12, 2016Finder
Hi Sarah,
Thanks for your question.
A fixed interest rate is locked into your personal loan at the beginning of your loan term and won’t change, while a variable rate may change over the course of the loan. Fixed-rate personal loans tend to come with terms of between one and five years while variable rates can extend up to seven. You may also find more flexibility with a variable rate loan, for instance, you may be able to repay your loan early or make extra repayments, but you may be charged a fee for doing so with a fixed-rate loan.
To work out your repayments, simply enter your desired loan amount ($28,000) at the comparison tables on either of those pages and you’ll be able to see your ongoing repayments for each of the options listed. To find out more information for any of the lenders you can click on the name of the lender, or to head to the lender’s website or apply, click “Go to Site”.
Hope this has helped,
Elizabeth
KerryMarch 28, 2016
Is it possible to get a personal loan to payout 6 credit cards. 2 cards are now charging interest all the rest are interest free for a bit longer. I’m keeping up with all the payments but it’s getting too much to have so many to deal with. I want a loan that I can pay off early with no penalty fees. I also want one that I can pay as much as I can afford each fortnight.
Finder
ElizabethMarch 29, 2016Finder
Hi Kerry,
This is possible with an unsecured personal loan, as the way you use your loan amount is generally up to you. You may want to consider opting for a variable rate personal loan as these generally have more flexibility when it comes to repaying early without penalty or to make additional ongoing repayments. Comparing lenders will help you find the right one for your needs and situation, and once you’ve found a lender you can click “Go to Site” to submit your application.
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.
If you're considering applying for a personal loan, you may want to consider Great Southern Bank. They offer car loans as well as secured and unsecured personal loans. Read our guide for more information.
When you have a large expense that your savings can’t cover, a personal loan at a fixed rate from Great Southern Bank is an option worth considering. With no fees and a competitive fixed interest rate, this could be the right loan for you.
If you are budget-conscious and looking for a personal loan with clear expectations and repayments, the ANZ Fixed Rate Personal Loan is an option worth considering. With low fees and a competitive interest rate, this loan might be an option for you.
The ANZ Variable Rate Personal Loan may be a great choice for borrowers who want options. With a free redraw facility and the option to make additional repayments, borrowers get the comfort of a personal loan that will let them access much-needed funds.
Find out what rate you qualify for with Society One's innovative sliding interest rate scale. Loans are available up to $50,000, with flexible loan terms between two and three years. Find out how the loan works and if you're eligible to apply.
Use a personal loan calculator to work out your repayments or compare loans with a comparison calculator.
Important information about this website
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.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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.
Hi my name is hamad and i am an international student studying in australia. I would like to have a loan for $10,000 for a car and other necessities. I have 3 years left in my visa. My salary is $3,900. Is there any place that can provide me with this loan. Thank you.
Hi Hamad,
You can find out some of your options for temporary resident loans through our website.
Hope this helps,
Elizabeth
Hi there, I need to borrow about $8000-$9500 for a car and bond for a house. I work full time but I get paid in cash for the time being. I have payslips from the time I started working here which was 11 months ago. I’m new to this and need a lot of help. Before tax I get $850 weekly after tax I get roughly $720. I have no expenses as I’m living with parents only board which is $130 weekly. Any advice or recommendation would be muchly appreciated thank you.
Hi Keziah,
Thanks for your question.
Lenders have different requirements in terms of eligibility and how they can approve your for a loan – you will usually need to provide documents to prove your income, so payslips will suffice, but you may also need bank statements as well as 100 points of ID and various information about your financial situation, such as your income, employment details, assets, etc.
You can find out what is required for each lender by clicking through the More Info link to read a review of the lender and by clicking Go to Site if you are ready to apply.
As you’re looking to buy a car and to borrow funds for bond, you may also want to consider an unsecured personal loan.
Hope this information has helped,
Elizabeth
I need help for a short team loans. But all my income normally was going though my gf acc or by cash , how I can proof my I got full time job? Need loans asap.thx for help me
Hi Zhenyufan,
The majority of lenders will need to see three months of banking history where your income was going in order to verify it. You can compare short term cash loans and find out what documentation is required to be approved. You may also have more luck applying at a lender that has a physical branch, so you can bring in your payslips and verify your income that way.
Hope this has helped,
Elizabeth
Hello
I’m looking at getting out a personal loan to pay for cosmetic procedures & to pay off the rest of my credit card.
I’m looking at loaning $25,000 and my credit card has $3,000 remaining.
I’d like to make monthly payments of $1,000.
I’m very unsure about ‘variable’ and ‘fixed’ rates (this is all very new to me!)
Any advice would be appreciated :)
Thank you
Hi Sarah,
Thanks for your question.
A fixed interest rate is locked into your personal loan at the beginning of your loan term and won’t change, while a variable rate may change over the course of the loan. Fixed-rate personal loans tend to come with terms of between one and five years while variable rates can extend up to seven. You may also find more flexibility with a variable rate loan, for instance, you may be able to repay your loan early or make extra repayments, but you may be charged a fee for doing so with a fixed-rate loan.
You can compare fixed rate personal loans and variable rate personal loans.
To work out your repayments, simply enter your desired loan amount ($28,000) at the comparison tables on either of those pages and you’ll be able to see your ongoing repayments for each of the options listed. To find out more information for any of the lenders you can click on the name of the lender, or to head to the lender’s website or apply, click “Go to Site”.
Hope this has helped,
Elizabeth
Is it possible to get a personal loan to payout 6 credit cards. 2 cards are now charging interest all the rest are interest free for a bit longer. I’m keeping up with all the payments but it’s getting too much to have so many to deal with. I want a loan that I can pay off early with no penalty fees. I also want one that I can pay as much as I can afford each fortnight.
Hi Kerry,
This is possible with an unsecured personal loan, as the way you use your loan amount is generally up to you. You may want to consider opting for a variable rate personal loan as these generally have more flexibility when it comes to repaying early without penalty or to make additional ongoing repayments. Comparing lenders will help you find the right one for your needs and situation, and once you’ve found a lender you can click “Go to Site” to submit your application.
Hope this has helped.
Elizabeth