Compare Personal Loans

Compare personal loans in Canberra - Data last updated on 23 Jul 2018

Now showing 1 - 20 of 20 personal loans in Canberra
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personal loans in Canberra

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Unsecured Personal Loan (5 Year Term)
*Comparison rate is calculated based on a loan of $30,000 over 5 years.
Advertised Rate
9.57%
fixed
Comparison Rate
11.08%*
Monthly Repayment
$631
Upfront Fee
$350
Compare
Promoted
Unsecured Personal Loan (Excellent Credit)
Advertised Rate
From
6.99%
fixed
Comparison Rate
7.69%
Monthly Repayment
$594
Upfront Fee
$500
Compare
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Fixed Low Rate (Excellent Credit Rating)
Advertised Rate
10.99%
fixed
Comparison Rate
12.21%
Monthly Repayment
$652
Upfront Fee
$250
Compare
Secured Personal Loan (Car < 2 Years)
Advertised Rate
7.99%
variable
Comparison Rate
8.97%
Monthly Repayment
$608
Upfront Fee
$200
Compare
Excellent Credit Personal Loan - Fixed Repayments (Unsecured)
Advertised Rate
From
8.10%
fixed
Comparison Rate
9.36%
Monthly Repayment
$610
Upfront Fee
3%
of loan amount
Compare
Unsecured Personal Loan - Diamond (Excellent Credit)
Advertised Rate
8.50%
fixed
Comparison Rate
9.36%
Monthly Repayment
$615
Upfront Fee
$595
Compare
Unsecured Personal Loans (Excellent Credit)
Advertised Rate
From
7.95%
fixed
Comparison Rate
9.56%
Monthly Repayment
$608
Upfront Fee
$495
Compare
Personal Loan
Advertised Rate
From
9.99%
variable
Comparison Rate
9.99%
Monthly Repayment
$637
Upfront Fee
$0
Compare
Personal Loan Fixed Rate
Advertised Rate
From
9.50%
fixed
Comparison Rate
10.06%
Monthly Repayment
$630
Upfront Fee
$150
Compare
Secured Personal Loan (Car 2-7 Years)
Advertised Rate
9.49%
variable
Comparison Rate
10.46%
Monthly Repayment
$630
Upfront Fee
$200
Compare
Personal Loan Fixed
Advertised Rate
10.99%
fixed
Comparison Rate
11.21%
Monthly Repayment
$652
Upfront Fee
$150
Compare
Unsecured Personal Loan Fixed
Advertised Rate
Headline rate
13.49%
fixed
Comparison Rate
12.87%
Monthly Repayment
$690
Upfront Fee
$150
Compare
Grade A SocietyOne Loan Fixed
Advertised Rate
From
11.39%
fixed
Comparison Rate
13.23%
Monthly Repayment
$658
Upfront Fee
4%
of loan amount
Compare
Unsecured Personal Loans
Advertised Rate
From
13.95%
fixed
Comparison Rate
15.39%
Monthly Repayment
$697
Upfront Fee
$495
Compare
Secured Personal Loan
Advertised Rate
From
12.99%
fixed
Comparison Rate
14.20%
Monthly Repayment
$682
Upfront Fee
$250
Compare
Grade B SocietyOne Loan Fixed
Advertised Rate
From
13.19%
fixed
Comparison Rate
15.17%
Monthly Repayment
$686
Upfront Fee
4.5%
of loan amount
Compare
Unsecured Personal Loan
Advertised Rate
From
13.99%
fixed
Comparison Rate
15.19%
Monthly Repayment
$698
Upfront Fee
$250
Compare
Personal Loan
Advertised Rate
15.99%
variable
Comparison Rate
16.22%
Monthly Repayment
$729
Upfront Fee
$150
Compare
Unsecured Personal Loan
Advertised Rate
12.99%
variable
Comparison Rate
16.42%
Monthly Repayment
$682
Upfront Fee
$200
Compare
Unsecured Personal Loan
Advertised Rate
Headline rate
12.69%
variable
Comparison Rate
16.55%
Monthly Repayment
$678
Upfront Fee
$150
Compare
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Personal loans in Canberra

Canberra is the capital city of Australia and the headquarters of the government. It’s a prosperous city, with higher average incomes and lower unemployment rates than the national average. House prices and rental costs are relatively high, pushing up the cost of living. However, Canberrans have access to a thriving financial sector when they need assistance with purchasing property or wish to take out personal loans. 

How do personal loans in Canberra work? 

Financial institutions, including banks and non-bank lenders, offer a range of personal loans in Canberra, so there are plenty of options available. If you have a project you need to borrow money for, a personal loan may be the ideal solution, as they can be used for a variety of purposes.

Your first step should be to check the policies of various lenders to identify those that will make suitable loans available to you. Next, compare the various features that suitable loans have, as well as any restrictions on them and extra charges that may be made.

Why do people use personal loans in Canberra?

Canberrans apply for personal loans for specific purchases, such as buying a new car, motorbike or caravan, or to support students at university. Alternatively, they are sometimes used for large bills, unforeseen costs and large, one-off expenses, such as:

  • Consolidating debt;
  • Medical treatment;
  • Financial emergencies;
  • Vital home repairs.

What are the main features? 

A basic personal loan consists of borrowing an amount on which your lender charges interest and then repaying it at regular intervals over an agreed period. Additional features can include other financial products, overpayment and redraw facilities, and a line of credit. It’s still possible to get a personal loan from certain lenders if you’re deemed a higher risk applicant because you have a poor credit rating or you’re self-employed, for example.

Linked products can include transaction accounts and credit cards. Your lender may also offer a feature that enables you to make occasional extra payments and redraw funds if you later find that you need them. Overpayment is one way of paying off your loan early, thus saving yourself money on interest rates, while a line of credit allows you to borrow what you need initially, and then start to repay it, but with the option of borrowing again, up to an agreed limit, should you need to. 

What are the pros and cons of personal loans in Canberra?

A personal loan can help you to make major purchases and pay unforeseen costs by providing extra funds. Terms and conditions can be flexible, and can be negotiated with lenders to better suit your circumstances.

With a basic personal loan, there aren’t usually any extra fees involved, but some lenders charge for extra features and place restrictions on how much and how often you can overpay or redraw. Make sure your personal loan repayments are affordable and always compare the features and options available to identify the best choice for your circumstances.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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