RateCity.com.au
powering smart financial decisions
RateCity.com.au

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

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

Company
Product

Low Rate Personal Loan Unsecured (Excellent Credit)

Real Time Rating™

4.15

/ 5

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™

4.15

/ 5
Go to site
Total Repayments icon

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 amount

Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2022

Company
Product

Low Rate Personal Loan

Real Time Rating™

4.44

/ 5

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™

4.44

/ 5
Go to site
Total Repayments icon

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™

4.44

/ 5

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™

4.44

/ 5
Go to site
Total Repayments icon

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™

4.21

/ 5

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™

4.21

/ 5
Go to site
Total Repayments icon

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™

4.20

/ 5

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™

4.20

/ 5
Go to site
Total Repayments icon

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™

4.60

/ 5

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™

4.60

/ 5
Go to site
Total Repayments icon

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™

4.17

/ 5
Interest Rate

6.99

% p.a

Fixed

Comparison Rate*

7.12

% p.a

Fixed

Monthly repayment

$926

36 months

Real Time Rating™

4.17

/ 5
Go to site
Total Repayments icon

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™

4.87

/ 5

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™

4.87

/ 5
Go to site
Total Repayments icon

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™

4.62

/ 5
Interest Rate

3.99

% p.a

Variable

Comparison Rate*

5.15

% p.a

Variable

Monthly repayment

$886

36 months

Real Time Rating™

4.62

/ 5
Go to site
Total Repayments icon

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™

4.40

/ 5
Interest Rate

5.15

% p.a

Variable

Comparison Rate*

6.08

% p.a

Variable

Monthly repayment

$901

36 months

Real Time Rating™

4.40

/ 5
Go to site
Total Repayments icon

Total repayments for a 3-year, $30,000 loan at 6.08% would be $32,441*. Terms from - years

Did you find this helpful? Why not share this news?

This article was reviewed by Personal Finance Editor Alex Ritchie before it was published as part of RateCity's Fact Check process.

Advertisement

RateCity

Related news