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
Company | Product Low Rate Personal Loan Unsecured (Excellent Credit) Real Time Rating™ Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 | Interest Rate  6.25 % p.a Fixed up to 8.99% | Comparison Rate* 6.88 % p.a Fixed up to 9.63% | Monthly repayment $916 36 months | Real Time Rating™ | Go to site |  Total repayments for a 3-year, $30,000 loan at 6.88% would be $32,978*. Terms from - years | special No extra repayment or early exit fees. Funding approved in 24 hours. Up to $75,000 loan amountWinner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 |
Company | Product Low Rate Personal Loan Real Time Rating™ Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 | Interest Rate 5.79 % p.a Variable | Comparison Rate* 5.92 % p.a Variable | Monthly repayment $910 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 5.92% would be $32,753*. Terms from - years | Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 |
Company | Product Low Rate Personal Loan Real Time Rating™ Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 | Interest Rate 5.79 % p.a Variable | Comparison Rate* 5.92 % p.a Variable | Monthly repayment $910 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 5.92% would be $32,753*. Terms from - years | Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 |
Company | Product Unsecured Personal Loan (Excellent Credit) (Amount > $5000) Real Time Rating™ Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 | Interest Rate 5.35 % p.a Fixed up to 24.79% | Comparison Rate* 6.14 % p.a Fixed up to 25.74% | Monthly repayment $904 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 6.14% would be $32,539*. Terms from - years | Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 |
Company | Product Personal Loan - Outstanding Credit Real Time Rating™ Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 | Interest Rate 6.95 % p.a Fixed | Comparison Rate* 6.95 % p.a Fixed | Monthly repayment $926 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 6.95% would be $33,323*. Terms from - years | Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022 |
Top rated green personal loans
Company | Product Solar Eco Loan Real Time Rating™ Winner of Best Green Personal Loans, RateCity Gold Awards 2022 | Interest Rate 4.69 % p.a Variable | Comparison Rate* 4.69 % p.a Variable | Monthly repayment $895 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 4.69% would be $32,218*. Terms from - years | Winner of Best Green Personal Loans, RateCity Gold Awards 2022 |
Company | Product Green Loan Real Time Rating™ | Interest Rate 6.99 % p.a Fixed | Comparison Rate* 7.12 % p.a Fixed | Monthly repayment $926 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 7.12% would be $33,342*. Terms from - years | |
Company | Product Green Loan Real Time Rating™ Winner of Best Green Personal Loans, RateCity Gold Awards 2022 | Interest Rate 3.99 % p.a Variable | Comparison Rate* 4.76 % p.a Variable | Monthly repayment $886 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 4.76% would be $31,881*. Terms from - years | Winner of Best Green Personal Loans, RateCity Gold Awards 2022 |
Company | Product Green Eco Loan Real Time Rating™ | Interest Rate 3.99 % p.a Variable | Comparison Rate* 5.15 % p.a Variable | Monthly repayment $886 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 5.15% would be $31,881*. Terms from - years | |
Company | Product Green Loan Real Time Rating™ | Interest Rate 5.15 % p.a Variable | Comparison Rate* 6.08 % p.a Variable | Monthly repayment $901 36 months | Real Time Rating™ | Go to site | Total repayments for a 3-year, $30,000 loan at 6.08% would be $32,441*. Terms from - years |
