FIXED RATE PERSONAL LOANS Low interest borrowing news and tips

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 found 20 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% Comparison Rate $150 Application Fees $314.01 Monthly Repayment Go to Site
IMB Personal Loan Secured 7.99% Fixed 9.19% Comparison Rate $175 Application Fees $313.32 Monthly Repayment Go to Site
SocietyOne Unsecured Personal Loan 11.05% Fixed 11.05% Comparison Rate $0 Application Fees $327.63 Monthly Repayment Go to Site
Gateway Credit Union Personal Loan 10.49% Variable 11.53% Comparison Rate $149 Application Fees $324.98 Monthly Repayment Go to Site
NRMA Car Loans Secured Personal Loan - Used Car 9.45% Fixed 11.97% Comparison Rate $357.90 Application Fees $320.10 Monthly Repayment Go to Site
RACV Secured Personal Loan 9.45% Fixed 11.97% Comparison Rate $357.90 Application Fees $320.10 Monthly Repayment Go to Site
CUA Fixed Personal Loan 11.99% Fixed 12.83% Comparison Rate $120 Application Fees $332.10 Monthly Repayment Go to Site
St.George Bank Secured Fixed Personal Loan 9.99% Fixed 13.27% Comparison Rate $195 Application Fees $331.63 Monthly Repayment Go to Site
CUA Personal Loan Unsecured 12.99% Variable 13.84% Comparison Rate $120 Application Fees $336.90 Monthly Repayment Go to Site
ME Bank Personal Loan Fxd 12.99% Fixed 14.05% Comparison Rate $150 Application Fees $336.90 Monthly Repayment Go to Site
NAB Personal Ln Unsec Var 12.99% Variable 16.12% Comparison Rate $150 Application Fees $346.90 Monthly Repayment Go to Site
NAB Personal Ln Unsec Fixed 12.99% Fixed 16.12% Comparison Rate $150 Application Fees $346.90 Monthly Repayment Go to Site
Aussie Unsecured Loan 12.99% Fixed 16.48% Comparison Rate $199 Application Fees $346.90 Monthly Repayment Go to Site
RACQ Personal Loan (Unsecured) 13.95% Fixed 16.53% Comparison Rate $357.90 Application Fees $341.54 Monthly Repayment Go to Site
RACV Unsecured Personal Loan 13.95% Fixed 16.53% Comparison Rate $357.90 Application Fees $341.54 Monthly Repayment Go to Site
ANZ Fixed Rate Personal Loan-Unsecured 13.95% Fixed 17.04% Comparison Rate $150 Application Fees $341.54 Monthly Repayment Go to Site
St.George Bank Unsecured Fixed Personal Loan 14.35% Fixed 17.59% Comparison Rate $195 Application Fees $352.48 Monthly Repayment Go to Site
360 Finance All-in-One Loan 13.50% Fixed 17.64% Comparison Rate $399 Application Fees $345.36 Monthly Repayment Go to Site
ANZ Variable Rate Personal Loan-Unsec 14.69% Variable 17.78% Comparison Rate $150 Application Fees $345.14 Monthly Repayment Go to Site
Westpac Personal Loan Unsecured 14.39% Fixed 18.24% Comparison Rate $250 Application Fees $353.68 Monthly Repayment Go to Site
Data last updated August 21st, 2014

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