Fixed personal loans with extra repayments from 90+ lenders

Find personal loans from a wide range of Australian lenders that best suit your needs. Compare interest rates, repayments, fees and more.

Now showing 1 - 15 of 15 fixed rate personal loans extra repayments
Advertisement

fixed rate personal loans extra repayments

Promoted
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
Promoted
Fixed Low Rate (Excellent Credit Rating)
Advertised Rate
10.99%
fixed
Comparison Rate
12.21%
Monthly Repayment
$652
Upfront Fee
$250
Compare
Unsecured Loan (Excellent Credit)
Advertised Rate
From
7.65%
fixed
Comparison Rate
7.65%
Monthly Repayment
$603
Upfront Fee
$0
Compare
Discounted Personal Loan
Advertised Rate
7.99%
fixed
Comparison Rate
8.35%
Monthly Repayment
$608
Upfront Fee
$250
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
Personal Loan Fixed Rate
Advertised Rate
From
9.50%
fixed
Comparison Rate
10.06%
Monthly Repayment
$630
Upfront Fee
$150
Compare
Unsecured Loan (Good Credit)
Advertised Rate
From
10.99%
fixed
Comparison Rate
12.09%
Monthly Repayment
$652
Upfront Fee
3%
of loan amount
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
Secured Personal Loan
Advertised Rate
From
12.99%
fixed
Comparison Rate
14.20%
Monthly Repayment
$682
Upfront Fee
$250
Compare
Unsecured Personal Loan
Advertised Rate
13.99%
fixed
Comparison Rate
14.37%
Monthly Repayment
$698
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
Unsecured Loan (Average Credit)
Advertised Rate
From
14.00%
fixed
Comparison Rate
16.09%
Monthly Repayment
$698
Upfront Fee
4.5%
of loan amount
Compare
Advertisement

Fixed rate personal loans extra repayments

What are fixed rate personal loans extra repayments?

Before taking out a personal loan you should conduct some thorough research into what is available in the market; the classic "look before you leap" strategy. The personal loan market can be quite baffling for would-be borrowers, especially if you are entering it for the first time, so not only should you make plenty of comparisons between what's on offer, but also it's a good idea to take some professional advice about what suits your circumstances. Fixed rate personal loans extra repayments are one way to repay that could give you a number of advantages. With this type of loan your interest rate for repayments would be fixed for an agreed period of time but you would also be able to make additional repayments to the loan when you have some extra money available. 

Why do people use fixed rate personal loans extra repayments?

During your research you'll find there are two ways of paying interest on your personal loan, fixed rate and variable rate. With a variable rate your interest could go up or down depending on the movement of the money markets, so repayments could increase or decrease.

A fixed rate personal loan means you and your lender agree on a specific interest rate that is fixed, usually over a number of years but sometimes dependant on the amount of the loan. It means that you know exactly what you will be paying back each month and are protected from the vagaries of the markets, though if interest rates go down your repayments will remain the same.

Having a fixed rate personal loan where you make extra repayments is useful for people who either come into some money through inheritance or by way of an annual bonus and want to be able to pay down some more of the loan. By reducing the loan size you will also reduce the amount of interest paid over the full term of the loan.

What are the main features of fixed rate personal loan extra repayments?

This type of loan gives you added flexibility in terms of paying off your loan. When your loan is fixed it gives you more control over your monthly budget because you know exactly what you will be paying. If you agree to a set rate for a number of years it will help you with your overall financial planning. The ability to make extra repayments when you are in a position to do so will also assist your finances by reducing the amount of the principal sum borrowed so that by the end of the agreement term you will have paid less interest.

What are the pros and cons of fixed rate personal loans extra repayments?

Budgetary control and easier financial planning together with saving money are benefits of this sort of loan. You should make sure your lender doesn't have any hidden charges or high additional fees that apply to fixed rate personal loans extra repayments.

You also need to ensure that if you have a person standing as your guarantor they understand the potential risks involved should you default on your debt and that, if the worst came to the worst, they would be able to continue paying it off. On the positive side, by having a fixed rate personal loans extra repayments personal loan you may be offered a more attractive overall interest rate.

Advertisement

^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.

Compare your product with the big 4 banks, or add more products to compare
As seen on