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 am wanting to know if I have an income of $20000, per year, am I eligible for a loan of $30000 over 5 – 7 years, no other debts, or financial outgoings come out of my wage, i am also perm p/t, thank you
Hi Renee,
Thanks for your question.
Please note that finder.com.au is an online comparison and information service and is not a product issuer. Therefore, we can’t comment on eligibility.
If you would like to discuss your eligibility or options regarding your loan amount, please get in touch with a lender featured on this page.
Cheers,
Shirley
i have $ 26000 debt on my credit card and $25000 pof personal loan.
i want one repayment
how could you help
Hi Helia,
Thanks for your question.
You may want to compare a range of debt consolidation personal loans.
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.
Cheers,
Shirley
how do you consolidate loans to roll into one so you only have one loan payment. i have a personal loan and also a credit card i want to roll into one.
i also would like to know how to get a loan to payout my other loans such as personal an credit card as I’m paying to much interest each month
Hi David,
Thanks for your question.
The process involves being approved for a debt consolidation loan to pay out your existing debts. After you have paid off the balance in full, you can close your old accounts while you start paying off your new loan.
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.
Cheers,
Shirley
i am only on a centerlink benefit can I apply for a 1,000 loan
Hi Brenda,
Thanks for your question.
Generally, you can not be receiving Centrelink benefits as your primary source of income to be eligible for most loans. Short-term lenders, banks, and credit unions might be able to help. Government and community financial assistance schemes are also available. Here’s your loan options if you receive Centrelink. You should be able to check which lenders do by checking the table found on the page.
You can press the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then press on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
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,
Shirley
I want to pay out a finance company
Hi Debbie,
Thanks for your question.
You’re able to do this with a debt consolidation loan. You can compare a range of debt consolidation loans by checking the table listed on the article.
I hope this has helped.
Thanks,
Elizabeth