Unsecured Personal Loan (2 Year Term)

Compare
*Comparison rate is calculated based on a loan of $10,000 over 3 years.

Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No early exit penalty
  • Can apply online
Cons:
  • Monthly fee charged
  • Application fee charged
  • Cannot apply in branch
  • Has ongoing fees

Details & Fees

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$400
Ongoing Fee
Ongoing Fee
$5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$30
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$400
Ongoing Fee
Ongoing Fee
$5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$30
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Benefits
Some approvals happen within minutes, but it can take up to one business day to make a decision after receiving everything needed. Funds will be transferred to your bank account on the business day after. Same day transfer may be available in some cases.

Unlike a traditional bank, Ratesetter is an ASIC-regulated peer-to-peer or marketplace lender. Originally established in England in 2009, Ratesetter set up shop in Australia in 2012 with the aim of creating a more efficient, customer-focused financial system.

As a peer-to-peer lender, Ratesetter doesn’t directly provide the funds for a loan; instead, it provides a platform which connects borrowers with individual investors.

Ratesetter is an online-only operation, which means it doesn’t have branches. You can apply for loans online, while they also have a customer service line if you need to speak to someone.

Compare your product with the big 4 banks, or add more products to compare
As seen on