non bank lender personal loans from 60+ brands

Find personal loans from a wide range of Australian lenders that best suit your needs. Compare interest rates, repayments, fees and more. - Data last updated on 26 May 2018

Now showing 1 - 20 of 21 non bank lenders personal loans
Advertisement
Promoted
Unsecured Personal Loan (5 Year Term)
*Comparison rate is calculated based on a loan of $30,000 over 5 years.
Advertised Rate
9.78%fixed
Comparison Rate
11.18%*
Monthly Repayment
$634
Upfront Fee
$350
Compare
Promoted
Unsecured Personal Loan (Excellent Credit) (5 Year Term)
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
Secured Personal Loan (Car < 2 Years)
Advertised Rate
7.99%variable
Comparison Rate
8.97%
Monthly Repayment
$608
Upfront Fee
$200
Compare
Unsecured Personal Loan – Diamond (Excellent Credit)
Advertised Rate
8.50%fixed
Comparison Rate
9.36%
Monthly Repayment
$615
Upfront Fee
$595
Compare
Excellent Credit Personal Loan - Fixed Repayments (Unsecured)
Advertised Rate
From 8.35%fixed
Comparison Rate
9.61%
Monthly Repayment
$613
Upfront Fee
3%of loan amount
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
Discount Personal Loan
Advertised Rate
10.89%variable
Comparison Rate
10.89%
Monthly Repayment
$651
Upfront Fee
$0
Compare
Discount Personal Loan Fixed
Advertised Rate
10.99%fixed
Comparison Rate
10.99%
Monthly Repayment
$652
Upfront Fee
$0
Compare
Unsecured Personal Loan (NSW, ACT & QLD only)
Advertised Rate
11.45%fixed
Comparison Rate
11.85%
Monthly Repayment
$659
Upfront Fee
$275
Compare
Unsecured Personal Loan
Advertised Rate
11.89%variable
Comparison Rate
11.89%
Monthly Repayment
$666
Upfront Fee
$0
Compare
Unsecured Personal Loan Fixed
Advertised Rate
11.99%fixed
Comparison Rate
11.99%
Monthly Repayment
$667
Upfront Fee
$0
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
Advertised Rate
11.99%fixed
Comparison Rate
12.81%
Monthly Repayment
$667
Upfront Fee
$195
Compare
Unsecured Personal LoanSpecial$0 establishment fee when you apply for a new Unsecured Personal Loan before 14th June 2018. Single applicants only.
Advertised Rate
12.99%fixed
Comparison Rate
14.14%
Monthly Repayment
$682
Upfront Fee
$250
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
From 13.99%fixed
Comparison Rate
15.19%
Monthly Repayment
$698
Upfront Fee
$250
Compare
Unsecured Personal Loan
Advertised Rate
12.99%variable
Comparison Rate
16.42%
Monthly Repayment
$682
Upfront Fee
$200
Compare
Advertisement

Non-bank lenders’ personal loans

If you automatically think about personal loans being supplied by Australian banks you should know it’s possible, and sometimes better value, to also consider a non-bank lenders’ personal loan.

What are non-bank lenders’ personal loans?

Since the banking industry was deregulated in the 1980s competition increased and lower interest rates on personal loans offered by non-bank lending organisations forced many banks to lower their own interest rates. All this is good news for you, the customer, as you have increased choice when seeking a personal loan. Often non-bank lenders’ personal loans offer an excellent alternative to banking institutions. They are still required to conform to the same regulations and rules as banks.

Why do people use non-bank lenders’ personal loans?

There are a number of reasons why you might want to apply for a non-bank lenders’ personal loan:

  • You would like to be able to take out a personal loan without any associated credit card or transaction account;
  • You like the fact that non-bank lenders can be more flexible when it comes to charging fees and setting rates, which can work to your advantage;
  • Non-bank lenders work proactively to minimise overheads and keep costs down, for example some non-bank lenders do not have branches to service, and often these savings benefit you, the borrower;
  • Many people think a non-bank lender provides a better service to the customer than a traditional bank.

What are the main features?

Individual non-bank lenders offer different products, so it’s always best to make enquiries about features such as whether the institution makes charges if you pay your personal loan off early and whether they allow you to make flexible repayments. Check if you can make interest only payments if this is attractive to you and whether there are rules applying to the purpose of your personal loan. Some non-bank lenders offer redraw facilities however they may charge you for this.

What are the pros and cons of non-bank lenders’ personal loans?

Undoubtedly applying for a non-bank lender personal loan is useful for you as a customer, as you will generally have a better, more flexible and personalised customer service if you are with a smaller institution. Remember you are not taking a bigger risk by going to a non-bank lender because they are governed by the same regulations as traditional banks. 

You can compare a variety of personal loan offers from non-bank lenders just as you would compare standard bank loans. Always check that interest rates quoted are for the same amount and over the same period when making your choice. The same is true when it comes to checking fees for application and settlement, and look out for any additional charges such as an annual or monthly fee.

Non-bank lenders tend to focus on a smaller number of products than banks, so you are unlikely to get access to additional linked items such as a credit card or everyday account.

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