Best Personal Loans

Need some help?
Check out our Personal Loans Guide

Best Personal Loans

When it comes to finding some of the best personal loans a little research goes a long way. And that’s where we come in. RateCity has done the research for you so that you can search, compare and apply for some of the best Aussie personal loans right here, right now. But first, here’s what you need to know;

What can I use a personal loan for?

Sometimes life can’t wait for us to save the cash we need to make significant purchases. Perhaps you didn’t account for an extra expense (baby) or you are fed up with work (holiday). Either way, a personal loan could save your mustard or just help you achieve your dreams sooner.

You have the freedom to use your loan for almost anything, within reason. So whether your pickle is, home renovations, the latest sports car, debt consolidation or an African safari, a home loan can help you achieve these goals upfront, while you pay it off over time.

How do they work?

Personal loans work in a similar fashion to a credit card, whereby they allow you to borrow money on credit, to be paid back with interest.

However, the benefits of a personal loan is that your loan amount is set so you generally can’t add to your debt, your repayments are structured throughout your loan term and the interest charges will usually be lower than most credit cards.

Types of personal loans

Secured – A secured personal loan is tied to an asset, such as your car, as security for your financial institution in case you can’t make the loan repayments. The added security is usually rewarded with lower interest rates but be careful, failure to pay could mean losing your car.

Unsecured – Reverse the above advantages and disadvantages and you have an unsecured personal loan. Without offering an asset as security collateral you will likely incur higher interest rates.

Start shopping for your personal loan now so you can shop for the important purchases with confidence. Get started, compare some of Australia’s best personal loans below.

Updating your preferences
We've found 19 products that match your search

Show: 10 All 19 Results

Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Go To Site
Select up to 3 products to compare
bankmecu Home Improvements PL - Eco 8.14% Variable 9.17% $150 $314.01 Go to Site
SocietyOne Unsecured Personal Loan 9.8% Fixed 9.8% $0 $321.74 Go to Site
bankmecu Personal Loan - Property Owners 9.64% Variable 10.68% $150 $320.99 Go to Site
Gateway Credit Union Personal Loan 10.49% Variable 11.53% $149 $324.98 Go to Site
NRMA Car Loans Secured Personal Loan - Used Car 9.45% Fixed 11.56% $301.44 $320.10 Go to Site
RACV Secured Personal Loan 9.45% Fixed 11.56% $301.44 $320.10 Go to Site
CUA Fixed Personal Loan 11.99% Fixed 12.83% $120 $332.10 Go to Site
ME Bank Personal Loan Fxd 12.99% Fixed 12.99% $0 $336.90 Go to Site
St.George Bank Secured Fixed Personal Loan 9.99% Fixed 13.27% $195 $331.63 Go to Site
CUA Personal Loan Unsecured 12.99% Variable 13.84% $120 $336.90 Go to Site
Suncorp Bank Personal Loan-Unsecured 12.99% Fixed 15.27% $175 $341.90 Go to Site
RACV Unsecured Personal Loan 13.95% Fixed 16.12% $301.44 $341.54 Go to Site
RACQ Personal Loan (Unsecured) 13.95% Fixed 16.2% $294 $341.54 Go to Site
Aussie Personal Loan 12.99% Fixed 16.48% $199 $346.90 Go to Site
St.George Bank Unsecured Fixed Personal Loan 14.35% Fixed 17.59% $195 $352.48 Go to Site
360 Finance 360 All-in-One Loan 13.5% Fixed 17.64% $399 $345.36 Go to Site
Westpac Personal Loan Unsecured 14.39% Fixed 18.24% $250 $353.68 Go to Site
Suncorp Bank Personal Overdraft 16.75% Variable 19.81% $150 $355.29 Go to Site
Westpac Flexi Loan 10.99% Variable N/A $150 $355.14 Go to Site

Showing all 19 results

Show: 10 All 19 Results

Data last updated April 24th, 2014

Expand your search to include all products without Go to Site links

Monthly repayments are indicative and based on advertised rate, loan amount and selected payment frequency over nominated loan term. Rates shown are minimum available and may vary depending on your individual circumstances and loan amount.

The comparison rate is based on secured credit of $10,000 and a term of 3 years. WARNING: The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.