Unsecured Personal Loan (Good Credit Rating) (Fixed)
specialRate Promise: Found a cheaper personal loan? RateSetter will match it & pay $200 towards your loan. T&Cs apply.
- Last updated on 14 Jul 2020
Fixed up to 12.79%
$2k to $45k
based on $20,000 loan amount for 3 years
- No early repayment fees
- Can apply online
- Application fee charged
- Cannot apply in branch
Early Exit Penalty Fee
Missed Payment Penalty
Redraw Activation Fee
Available to 457 Visa Holders
Line Of Credit
$2k - $45k
- Other Rate Promise: Found a cheaper personal loan? RateSetter will match it & pay $200 towards your loan. T&Cs apply.T&Cs: https://s3-ap-southeast-2.amazonaws.com/campaigns.ratesetter.com.au/rate-promise/index.html
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.
Upfront fee from $399
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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.