Fixed Rate Personal Loans

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Fixed Rate Personal Loans

Deciding on a fixed rate personal loan instead of a variable interest rate is one of the first decisions you will make. But before you fix your decision, search and compare a range of Australian personal loans and read our list of advantages and disadvantages of a fixed loan, so you can make an informed one.

Advantages

Interest rates, repayments and budgets: The great thing about fixed rates is that it enables you to budget better because your repayments don’t change. This means you don’t have to concern yourself with interest rate rises as your rate will be locked in, as well as your repayments, for the agreed fixed period.

Disadvantages

Extra repayments and interest rate falls: The main disadvantage to locking in a fixed rate personal loan is if interest rates fall, as this means you will be locked into your agreed fixed rate even if the variable rate falls below it. The other thing to consider is extra repayments and early repayment penalties if you want to pay off your debt early. If you desire this particular option make sure you check for early repayment features when comparing fixed loans.

If a fixed rate personal loan is ticking all of the boxes then go ahead and start comparing some of the best right here.

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We've found 19 products that match your search

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Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Go To Site
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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

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Data last updated April 25th, 2014

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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.