How August’s top personal loans could help you plan for the future

With much of the population in lockdown under public health orders, many Aussies are battling an ongoing feeling of uncertainty.

But while we might be restricted in what we can do today, or even this month, there’s no reason why we can’t look to the future by locking in some plans.

Perhaps you’re newly engaged and want to take the opportunity to start planning your dream wedding. Or you’re eager to put in a new back deck to enjoy in the warmer months ahead. Maybe you’re simply ready to research and book in a long-awaited and well-deserved summer holiday – even if it is likely to be domestic at this point.

Plans to look forward to can look different for everyone. But believe it or not, personal loans can be used to fund all of these objectives and more – including:

• buying a car;
• cosmetic surgery;
• veterinary bills;
• rooftop solar panels;
• student fees, and;
• much more.

If you’re in the market for a personal loan but don’t quite know where to start your comparison, RateCity has put together the top-rated personal loans for August 2021.

RateCity’s personal loan leaderboard ranks the top five personal loans using Real Time RatingsTM, a rating system that gives loan products a score out of five, based on cost and flexibility.

It’s important to keep in mind, however, that a personal loan is a financial commitment that can often take a number of years to pay off. Consider using RateCity’s personal loan calculator for a repayment estimate to make sure they’ll fit comfortably within your budget.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

Top rated excellent credit personal loans

Provider

Real Time Rating™Interest rate p.a.Comparison rate* p.a.Monthly repayment

6.57%

up to 8.48%

7.19%

up to 13.58%

$614

More details

Australian Credit Licence 488228

Fees & charges apply

Australian Credit Licence 488228

Fees & charges apply

Low Rate Personal Loan Unsecured (Excellent Credit) - $5,000-$75,000

• Promoted
• 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%

$606

More details

Australian Credit Licence 474726

Fees & charges apply

Australian Credit Licence 474726

Fees & charges apply

Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

• Promoted
• 2024 Award Winner
• 3 to 5 years
• Unsecured
• Fixed Rate
• No ongoing fees

10.74%

up to 20.74%

10.74%

up to 20.74%

$652

Australian Credit Licence 510805

Fees & charges apply

Australian Credit Licence 510805

Fees & charges apply

Personal Loan

• 0 to 5 years
• Unsecured
• Fixed Rate
• Instant approval

Top rated green personal loans

Provider

Real Time Rating™Interest rate p.a.Comparison rate* p.a.Monthly repayment

6.24%

6.24%

$611

Australian Credit Licence 238991

Fees & charges apply

Australian Credit Licence 238991

Fees & charges apply

Solar Eco Loan

• 0 to 7 years
• Unsecured
• Variable Rate
• No ongoing fees

7.49%

7.62%

$622

Australian Credit Licence 240018

Fees & charges apply

Australian Credit Licence 240018

Fees & charges apply

Green Loan

• 1 to 7 years
• Unsecured
• Fixed Rate
• No ongoing fees

7.15%

8.06%

$619

Australian Credit Licence 237988

Fees & charges apply

Australian Credit Licence 237988

Fees & charges apply

Green Loan

• 1 to 7 years
• Unsecured
• Variable Rate
• Instant approval

6.54%

7.59%

up to 7.59%

$613

Australian Credit Licence 231204

Fees & charges apply

Australian Credit Licence 231204

Fees & charges apply

Green Loan

• 2024 Award Winner
• 1 to 10 years
• Unsecured
• Variable Rate

Compare personal loans