Laptop loans and finance options

Laptops have become a vital piece of technology for work, studying and general life admin.

Thankfully, there's plenty of options if you're looking to loan or finance a laptop.

What are my laptop loan and finance options?

There are a number of ways to finance the purchase of a laptop:

Unsecured personal loan

An unsecured personal loan is when you borrow money from a lender, without having to use an asset as security. You then pay the loan back (including interest) in weekly, fortnightly or monthly instalments over an agreed term.

With an unsecured personal loan, you receive the money upfront and then can pay for your new computer or laptop in full.

Short term loans

Short term loans are available from $100 to $2,000. They are quick to apply for and have minimal eligibility criteria.

However, depending on your financial situation, getting a short term loan to cover the cost of a laptop can be an unsound financial decision. This is because short term loans generally have high interest rates and fees, which means you'll end up paying more over the course of the loan.

Credit card

If you have a credit card, you can purchase your new laptop and pay it off over an extended period of time in instalments. You could also consider a 0% purchase card, which will give you a certain period of time to pay off your balance without incurring any interest.

In-store finance

Many shops offer in-store finance to help customers purchase expensive items like laptops. With in-store finance, you can spread the cost of your new laptop over 6, 12 or even up to 18 months. Many companies even offer interest-free loans or a 0% interest period.

Student loan

If you're a student, you could be eligible for help purchasing a laptop from the government with StudyAssist. Alternatively, you may be able to borrow a laptop from your university while you save to purchase your own.

NILS

If you're on a low income, you may be able to qualify for a No Interest Loan (NILS) to cover the cost of your laptop. NILS are available up to $2,000 for essential devices like laptops.

To qualify for NILS, you must meet at least one of the following criteria:

• Have a Health Care Card or Pension Card
• Earn less than $70,000 per year before tax (or less than $100,000 for couples or people with dependants)
• Have experienced family or domestic violence in the last 10 years

If you are under 18, your parents may be able to qualify on your behalf, depending on their circumstances. Anyone applying for a NILS must also be able to demonstrate that they can afford to repay the loan.

Can I get a laptop loan with bad credit?

You may still be eligible for a loan even if you have bad credit, though you will usually find that your options are more limited compared to someone with good credit. If you are eligible for a No Interest Loan, your credit score will not be checked.

If you are ineligible for NILS, short term loans are often available to applicants with bad credit (though they come with the aforementioned risks attached).

You can check your credit score for free with Finder.

What are my other options?

If you're not looking to purchase a laptop, there are a few ways to borrow a laptop free-of-charge:

Through a university or TAFE

If you're currently enrolled at a university, TAFE or other tertiary institution, you may be able to borrow a laptop directly through your school. Many of the biggest universities offer laptop loan programs through the university library or student centre.

You can generally borrow a laptop or computer for up to a couple of days for free, but may need to pay a small fee if you borrow it for an extended period of time.

Borrow from a library

Like universities, many Australian libraries offer public access computers and laptops that can be used for free. You'll generally need to be a member of the library in order to book a laptop and will normally be unable to take it home with you.

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Product	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
Harmoney Unsecured Personal Loan Fixed3 - 7 Years $2,000 - $100,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment	Receive competitive interest rates tailored to your personal circumstances, repay the loan early without incurring an early repayment fee, and enjoy no monthly or annual fees.	Go to siteMore info Compare	loading Fetching your data...
NOW Finance No Fee Unsecured Personal Loan Finder AwardFixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.45% to 26.95%	Comp. Rate (p.a.) 6.45% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment	Applicants with an Equifax credit score of 500 or above and an annual income of more than $25k are eligible. No ongoing or early exit fees. Loan amounts range from $5,000 to $75,000, and up to $100,000 for home improvement projects and motor vehicles.	Go to siteMore info Compare	loading Fetching your data...
MoneyPlace Unsecured Personal Loan Fixed3 - 7 Years $5,000 - $80,000	Interest Rate (p.a.) 6.55% to 19.99%	Comp. Rate (p.a.) 6.55% to 21.49%	Application Fee 0% - 5.50%	Monthly Fee $0	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
MONEYME Personal Loans Variable3 - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 5.99% to 24.49%	Comp. Rate (p.a.) 6.70% to 25.90%	Application Fee $0 - $495	Monthly Fee $10	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.93% to 31.38%	Application Fee $0	Monthly Fee $13	Monthly Repayment	Special offer: The $395 establishment fee is waived for approved personal loan applications. Latitude may withdraw the offer at any time. T&Cs apply.	Go to siteMore info Compare	loading Fetching your data...
Great Southern Bank Unsecured Fixed Rate Personal Loan Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 7.99% to 19.99%	Comp. Rate (p.a.) 7.99% to 19.99%	Application Fee $0	Monthly Fee $0	Monthly Repayment	Special Offer: Pay $0 establishment fee when you apply for a personal loan. The $225 establishment fee will be waived for personal loan applications. This offer is for new and existing customers who apply between 30 April 2025 and 30 June 2025.	Go to siteMore info Compare	loading Fetching your data...
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 7.49% to 20.49%	Comp. Rate (p.a.) 8.53% to 21.38%	Application Fee $0	Monthly Fee $15	Monthly Repayment	Special Offer: For a limited time NAB is waiving the $250 application fee when you apply for a NAB Unsecured Personal Loan. Offer valid from 6 March to 31 May 2025. Other fees and charges still apply.	Go to siteMore info Compare	loading Fetching your data...
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 7.49% to 20.49%	Comp. Rate (p.a.) 8.53% to 21.38%	Application Fee $0	Monthly Fee $15	Monthly Repayment	Special Offer: For a limited time NAB is waiving the $250 application fee when you apply for a NAB Unsecured Personal Loan. Offer valid from 6 March to 31 May 2025. Other fees and charges still apply.	Go to siteMore info Compare	loading Fetching your data...
OurMoneyMarket Home Improvement Loan Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
Jacaranda Finance Secured Personal Loan Fixed25 Months - 3 Years $3,000 - $25,000	Interest Rate (p.a.) 16.95% to 29.95%	Comp. Rate (p.a.) 32.99% to 45.50%	Application Fee $125 - $1,190	Monthly Fee $26	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
Jacaranda Finance Unsecured Personal Loan Fixed25 Months $3,000 - $10,000	Interest Rate (p.a.) 27.95% to 29.95%	Comp. Rate (p.a.) 44.50% to 46.50%	Application Fee $13.50 - $950	Monthly Fee $26	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
OurMoneyMarket Green Loan Fixed1 - 10 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
Credit24 Line of Credit VariableUP TO 3 Years $500 - $10,000	Interest Rate (p.a.) 24% to 48%		Application Fee $0	Monthly Fee $0	Monthly Repayment	Go to siteMore info Compare	loading Fetching your data...
Traditional CU Unsecured Consumer Loan Variable -	Interest Rate (p.a.) 14.95%	Comp. Rate (p.a.) 15.67%	Application Fee $100	Monthly Fee	Monthly Repayment	Compare	loading Fetching your data...

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Am I eligible for a laptop loan?

Whether or not you are eligible for a personal loan for a laptop will largely depend on the type of finance that you opt for. However, if you are planning on opting for a standard personal loan from a bank or non-bank lender, the below criteria usually applies:

• 18 years or over
• Australian resident or permanent citizen
• Have a regular income
• Have a good credit rating

Remember to compare your options thoroughly prior to submitting an application.

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)

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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.

Written by

Rebecca Pike

Senior Money Writer

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

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Rebecca has written 229 Finder guides across topics including:

• Home loans
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