Unsecured Personal Loan (3 Year Term)

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

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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
$220
Ongoing Fee
Ongoing Fee
$5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$25
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
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
Redraw Facility
Redraw Facility
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
$220
Ongoing Fee
Ongoing Fee
$5 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$25
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
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
Redraw Facility
Redraw Facility
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.

RateSetter is an Australian online peer-to-peer (P2P) lender. RateSetter is owned by the UK-based RateSetter group, which opened the Australian branch in November 2014. It is managed and majority-owned locally, and was the first ASIC licenced provider of P2P lending to retail investors and SMSFs.

RateSetter is different to traditional lenders in that it is a P2P online marketplace for personal loans. P2P lending is when individuals or businesses apply, and sometimes bid, for a business loan or personal loan that is provided by investors and facilitated by a third party.

RateSetter does not have any physical branches as it is an online lending platform, but you can contact them through their call centre or via email.

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