Compare Personal Loans

Compare personal loans for pensioners - Data last updated on 21 Jul 2018

Now showing 1 - 26 of 26 personal loans for pensioners
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personal loans for pensioners

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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
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
Secured Freedom Loan
Advertised Rate
7.83%
variable
Comparison Rate
8.74%
Monthly Repayment
$606
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 Loan (Good Credit)
Advertised Rate
From
10.99%
fixed
Comparison Rate
12.09%
Monthly Repayment
$652
Upfront Fee
3%
of loan amount
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
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
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 for pensioners

What are personal loans for pensioners? 

If you are in receipt of a pension you may think you're not able to take out a loan. Whether it's an age pension, a carer's pension or a disability support pension, there are routes open for personal loans for pensioners. Options are generally more limited for pensioners because lenders apply stricter criteria if you have a pension. But there are options out there and if you are looking for a personal loan or other type of financing there is no reason not to explore the possibilities and make comparisons between what lenders may offer. You may want a loan or finance for a variety of things and lenders will apply certain conditions when you make an application.

Why do people use personal loans for pensioners?

You might think that when you reach pension age you will have enough money to maintain a comfortable lifestyle after many years of work, but it's not always the case. In many instances, day-to-day living can be managed, but what happens if you need a major item such as a new car or a washing machine or fridge/freezer and you haven't got the cash? This is where personal loans for pensioners can make a real difference between getting what you need to make your life easier and just making do. 

There are several ways as a pensioner that you can access loans, and if you own a home that has a lot of equity in it the potential for making a successful application for a loan may be increased.

What are the main features of personal loans for pensioners?

In the end, it depends on what your financial circumstances are and what type of pension you are getting. Whatever type of loan you can access the lender will want to verify your income as well as find out what, if any, assets you hold. Your existing bank may well offer you loan options, especially if you have held an account with them for a long time and have a good credit history with them. It will, as with any loan, depend on how much you want to borrow and over what time period. 

Short-term loans can be flexible, especially if you don't want to borrow a large amount, but again interest rates may be quite high.

What are the pros and cons of personal loans for pensioners? 

As with any loan you need to be comfortable about paying back what you borrow. Personal loans for pensioners can be very helpful in buying larger items, but you should always compare a range of options to ensure you are a getting a loan that is suitable for your financial 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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