- Home
- Personal Loans
- Articles
- Find out what a personal loan can now cover
Find out what a personal loan can now cover | RateCity
Disclaimer
This article is over two years old, last updated on May 27, 2021. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent personal loans articles.
Depending on the lender, a personal loan can cover almost anything. Big-ticket items like weddings, watercraft, debt consolidation, student fees and home renovations. Small-ticket items can cover dental work, vet bills, new appliances, holidays or even cosmetic surgery.
Have you decided to take out a personal loan? To get started you’ll need to consider the type of loan. Secured or unsecured? Variable or fixed interest rate?
If you don’t have assets to secure your loan, an unsecured loan may be right for you. A secured personal loan uses your assets as collateral. This may sound like a greater risk, but secured loans may offer lower rates.
Deciding on a fixed or variable interest rate. Like the name suggests, a fixed rate stays the same, providing certainty. While a variable interest rate may rise or fall, therefore increasing or decreasing loan costs.
Whether you need money for a holiday or home renovations, RateCity makes comparing personal loans easy. Compare loan types, interest rates, repayments, fees and more at a glance. Scroll down and discover some of Australia’s most competitive personal loans.
Compare personal loans
6.57%
up to 8.48%
7.19%
up to 13.58%
$920
Australian Credit Licence 488228
Fees & charges apply
- 2024 Award Winner
- 1 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
5.76%
up to 24.03%
6.55%
up to 24.99%
$909
Australian Credit Licence 474726
Fees & charges apply
- 2024 Award Winner
- 3 to 5 years
- Unsecured
- Fixed Rate
- No ongoing fees
7.24%
up to 9.39%
7.24%
up to 10.31%
$930
Australian Credit Licence 286596
Fees & charges apply
- 3 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
6.75%
up to 26.95%
6.75%
up to 26.95%
$923
Australian Credit Licence 411227
Fees & charges apply
- 2024 Award Winner
- Special
- 1 to 7 years
- Unsecured
- Fixed Rate
7.49%
up to 13.95%
8.33%
up to 17.58%
$933
Australian Credit Licence 393845
Fees & charges apply
- Via broker
- 1 to 7 years
- Secured
- Fixed Rate
8.99%
up to 10.99%
10.99%
up to 13%
$954
Australian Credit Licence 517589
Fees & charges apply
- 1 to 3 years
- Unsecured
- Fixed Rate
- No ongoing fees
6.57%
up to 8.48%
7.19%
up to 13.58%
$920
Australian Credit Licence 488228
Fees & charges apply
- 1 to 7 years
- Secured
- Fixed Rate
- No ongoing fees
6.99%
6.99%
$926
Australian Credit Licence 517589
Fees & charges apply
- 2024 Award Winner
- 1 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
Product database updated 20 Apr, 2024
Fact Checked