Find and compare popular personal loans

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Product
Advertised Rate
Comparison Rate*
Company
Monthly repayment
Loan term
Total repayments
Real Time Rating™
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5.60%

Variable

5.70%

Family First Credit Union

$1436

36 months

0 year to 10 years

4.37

/ 5
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6.99%

Fixed up to 25.69%

7.79%

Harmoney

$1466

36 months

3 years

3.70

/ 5
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11.99%

Variable

12.61%

Heritage Bank

$1577

36 months

1 year to 5 years

2.67

/ 5
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12.45%

Fixed

13.32%

ANZ

$1588

36 months

1 year to 7 years

2.44

/ 5
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12.69%

Variable

13.56%

NAB

$1593

36 months

1 year to 7 years

2.56

/ 5
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15.99%

Variable

16.84%

ANZ

$1670

36 months

1 year to 7 years

1.96

/ 5
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4.45%

Variable

4.65%

Endeavour Mutual Bank

$1412

36 months

0 year to 7 years

4.84

/ 5
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4.61%

Variable

11.42%

Coastline Credit Union

$1415

36 months

1 year to 7 years

4.77

/ 5
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4.61%

Variable

5.96%

Coastline Credit Union

$1415

36 months

1 year to 7 years

4.77

/ 5
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4.64%

Variable

4.91%

Community First Credit Union

$1416

36 months

0 year to 10 years

4.60

/ 5
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4.95%

Fixed

4.95%

Hume Bank

$1423

36 months

1 year to 5 years

4.75

/ 5
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4.69%

Variable

4.69%

Police Credit Union

$1417

36 months

1 year to 7 years

4.60

/ 5
More details

5.49%

Variable up to 11.99%

5.87%

Nova Alliance Bank

$1434

36 months

1 year to 7 years

4.57

/ 5
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5.49%

Variable up to 11.99%

5.87%

Nova Alliance Bank

$1434

36 months

1 year to 7 years

4.57

/ 5
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5.31%

Variable

5.59%

Bank of us

$1430

36 months

0.5 year to 10 years

4.42

/ 5
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5.60%

Variable up to 5.74%

5.60%

Family First Credit Union

$1436

36 months

0 year to 10 years

4.38

/ 5
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5.04%

Variable

5.64%

Summerland Credit Union

$1424

36 months

0 year to 7 years

4.44

/ 5
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4.85%

Fixed up to 11.9%

5.71%

Australian Military Bank

$1420

36 months

1 year to 5 years

4.59

/ 5
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4.85%

Variable up to 11.9%

5.71%

Australian Military Bank

$1420

36 months

1 year to 7 years

4.62

/ 5
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5.59%

Fixed

5.86%

Credit Union SA

$1436

36 months

1 year to 7 years

4.41

/ 5
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5.25%

Variable

5.64%

Illawarra Credit Union

$1429

36 months

1 year to 5 years

4.34

/ 5
More details

5.79%

Variable

5.92%

Police Bank

$1441

36 months

1 year to 7 years

4.34

/ 5
More details

5.79%

Fixed

5.92%

Police Bank

$1441

36 months

1 year to 7 years

4.34

/ 5
More details

5.79%

Variable

5.92%

Bank of Heritage Isle

$1441

36 months

1 year to 7 years

4.32

/ 5
More details

5.79%

Variable

5.92%

Bank of Heritage Isle

$1441

36 months

1 year to 7 years

4.28

/ 5
More details

5.79%

Variable

5.92%

Police Bank

$1441

36 months

1 year to 7 years

4.34

/ 5
More details

5.99%

Variable

5.99%

Central West Credit Union

$1445

36 months

1 year to 7 years

4.14

/ 5
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5.89%

Variable

6.10%

Horizon Bank

$1443

36 months

0 year to 10 years

4.41

/ 5
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5.95%

Fixed

6.16%

Hume Bank

$1444

36 months

1 year to 5 years

4.29

/ 5
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5.99%

Fixed

6.62%

WAW Credit Union

$1445

36 months

1 year to 7 years

4.22

/ 5
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5.99%

Fixed

6.62%

WAW Credit Union

$1445

36 months

1 year to 7 years

4.22

/ 5
More details

5.99%

Variable

6.26%

Community First Credit Union

$1445

36 months

1 year to 10 years

4.25

/ 5
More details

5.99%

Variable

6.26%

Community First Credit Union

$1445

36 months

1 year to 10 years

4.25

/ 5
More details

5.99%

Variable up to 7.99%

6.26%

Community First Credit Union

$1445

36 months

1 year to 10 years

4.25

/ 5
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5.99%

Variable

7.71%

Horizon Bank

$1445

36 months

0 year to 10 years

4.33

/ 5
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6.25%

Variable

6.50%

GMCU

$1450

36 months

1 year to 7 years

4.05

/ 5
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6.44%

Variable

6.68%

First Option Bank Ltd

$1455

36 months

1 year to 7 years

4.09

/ 5
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6.09%

Variable

6.69%

Summerland Credit Union

$1447

36 months

0 year to 7 years

4.14

/ 5
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6.70%

Fixed

6.70%

AWA Alliance Bank

$1460

36 months

1 year to 7 years

3.95

/ 5
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6.75%

Variable

6.78%

Laboratories Credit Union

$1461

36 months

1 year to 7 years

4.08

/ 5
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6.45%

Fixed

6.80%

IMB Bank

$1455

36 months

1 year to 5 years

3.98

/ 5
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6.49%

Fixed

6.88%

Beyond Bank Australia

$1456

36 months

0 year to 7 years

4.03

/ 5
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6.49%

Fixed

6.88%

Greater Bank

$1456

36 months

1 year to 7 years

4.11

/ 5
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6.95%

Fixed up to 17.95%

8.57%

Pepper

$1466

36 months

1 year to 7 years

3.48

/ 5
More details

Frequently asked questions

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Are there emergency loans with no credit checks?

While many personal loans require a credit check as part of the application process, some personal loans and payday loans have no credit checks, which may appeal to some borrowers with a bad credit score.

Keep in mind that even if a loan is available with no credit check, the lender will likely want to confirm that you can afford the repayments on your current income.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, yo