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PERSONAL LOANS

If you're looking to borrow money for a holiday, home reno or a new car, Mozo can help compare personal loan interest rates and options. Secured or unsecured, we've got the whole loan market covered so you can find the one that's right for you.

  • We compare 132 personal loans from 43 banks

  • You could save more than $3400 by switching loans**

  • Over 300,000 people use our site each month

Personal loan comparisons on Mozo

    • RACV
      Car Loan (Fixed)
      • No ongoing fees
      • Loan approval within 24 hours
      • Choose to repay over 1 to 7 years
    • interest rate

      7.45%

    • comparison rate

      7.85%based on $30,000
      over 5 years

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    • CUA
      New Car (up to 2 years old, under 30k) (Fixed)
      • Minimum loan amount $1,000
      • No monthly fees
      • 1 to 7 year loan terms available
    • interest rate

      8.49%

    • comparison rate

      9.94%based on $10,000
      over 3 years

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    Click for more info
    • bankmecu
      goGreen Car Loan 7 years old or less (Variable)
      • No ongoing fees
      • No exit fees
      • Choose from 1 to 5 year terms
    • interest rate

      8.64%

    • comparison rate

      8.85%based on $30,000
      over 5 years

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    Click for more info
    • RACV
      Personal Loan (Fixed, Secured)
      • No ongoing fees
      • Loan approval within 24 hours
      • Choose to repay over 1 to 7 years
    • interest rate

      10.75%

    • comparison rate

      11.17%based on $30,000
      over 5 years

    • Go to site
    Click for more info
    • Bank of Queensland
      Car Loan (variable)
      • Make unlimited additional repayments any time and pay off your loan sooner
      • Minimum loan $5,000
      • Loan terms from 1 to 7 years available
    • interest rate

      11.95%

    • comparison rate

      12.73%based on $30,000
      over 5 years

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    Click for more info
    • CUA
      Personal Loan (Unsecured) (Fixed)
      • Minimum loan amount $1,000
      • No monthly fees
      • 1 to 7 year loan terms available
    • interest rate

      11.99%

    • comparison rate

      12.83%based on $10,000
      over 3 years

    • Go to site
    Click for more info
    • bankmecu
      Personal Loan (Variable, Unsecured)
      • No ongoing fees
      • No exit fees
      • Choose from 1 to 5 year terms
    • interest rate

      12.64%

    • comparison rate

      13.70%based on $10,000
      over 3 years

    • Go to site
    Click for more info
  • *The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

    ** Saving based on the average difference in fees and charges over the life of the loan between the most competitive product Mozo can refer a consumer to and the average personal loan product input by 493 consumers (average balance of $19,708, interest rate of 14.9%, monthly fee of $7.80 and loan term of 4.8 years) who used the Mozo Personal Loan Health Check tool between 1 January 2012 to July 2012.

  • Personal loan reviews

      • Queenslanders Credit Union personal loan review

        A loan that listens to your needs

          1. Overall customer rating
          2. (Reviewed about 14 hours ago)

        Queenslanders Credit Union has changed with the times, I have been with them for over 30 years. Their ultimate home loan package is brilliant, good rate, easy application and the switch from another lender was very simple. The offset function and...       Full review 

        Queenslanders Credit Union has changed with the times, I have been with them for over 30 years. Their ultimate home loan package is brilliant, good rate, easy application and the switch from another lender was very simple. The offset function and interest only option was the icing on the cake. It was tailor made for me and I really appreciate a loan that listens to me!


          1. Price
          1. Features
          1. Service
          1. Convenience
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        Queenslanders Credit Union personal loan review by John from Queensland

        Was this review helpful?

        Yes
      • Commonwealth Bank personal loan review

        Yes rates are good and customer service excellent

          1. Overall customer rating
          2. (Reviewed 5 days ago)

        I have banked with Commonwealth Bank all my life and have always been happy with services provided, the added benefits of banking with Commonwealth, the overseas money transfer processes are easy and quiet exceptional, online banking is easy to us...       Full review 

        I have banked with Commonwealth Bank all my life and have always been happy with services provided, the added benefits of banking with Commonwealth, the overseas money transfer processes are easy and quiet exceptional, online banking is easy to use and well formatted and the customer service has always been exceptional.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
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        Commonwealth Bank personal loan review by Jennifer from Tasmania

        Was this review helpful?

        Yes
      • Queenslanders Credit Union personal loan review

        Just great people!

          1. Overall customer rating
          2. (Reviewed 5 days ago)

        I have a major soft spot for Queenslanders Credit Union. They are a wonderful, personable bank that has the hall marks of quality, country style service and attention. The service and people more than make up for the comparative lack of branches. ...       Full review 

        I have a major soft spot for Queenslanders Credit Union. They are a wonderful, personable bank that has the hall marks of quality, country style service and attention. The service and people more than make up for the comparative lack of branches. But I recommend them and will continue to as long as they continue to excel at service.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Queenslanders Credit Union personal loan review by Dave from Queensland

        Was this review helpful?

        Yes
    • Make a personal loan comparison with Mozo

      Whether you're after a loan to finance a major purchase, take a holiday, fund a renovation or simply consolidate debt, Mozo can guide you through the Australian personal loans maze.

      Our nifty personal loans comparison tools help you find the right loan for your needs. You can also get the inside story on everything from customer service to hidden fees with reviews by the Mozo community.

    • Comparing loan rates and providers

      Personal loans come in all shapes and sizes, so it pays to do your homework to find the best one for your needs. Our loans database lets you compare personal loans rates and fees with ease, and covers all the major providers in Australia.

      You can quickly filter the available loans according to the features you want, such as variable rate loans, fixed rate loans, the ability to make extra repayments, and so on.

      Once you have shortlisted the best personal loan rates for your needs, you can compare your chosen loans side-by-side to pick a winner.

      If you already have a loan and are looking at saving money by switching banks, try our health check tool. It's free and will show you the best loans for your personal situation.

    • Choosing between a secured and unsecured personal loans

      Before you compare personal loans, it helps to work out what sort of loan you want. If you have nothing material to guarantee the loan against, such as a house or car, you may need to look at an unsecured personal loan. An unsecured personal loan will have slightly higher fees and interest rates to offset the lenders risk for taking on your debt. You can find a range of unsecured personal loan providers on our website.

      This page only covers personal loans. Unsecured business loans are available in our business banking section. Personal Loan Calculator

    • Personal Loan Calculator

      Before you commit to a personal loan, it's important to crunch the numbers and work out a realistic budget and repayment plan. Plug the numbers into Mozo's repayment calculator to make sure that you can afford the repayments.

  • Personal loan calculators

    Crunch numbers with our handy calculators.
  • Personal loan guides

    Stay on top of your personal loan with our handy guides, helping you to manage your borrowings and bag the best deal.
  • Community

    Keep up to date with the latest news or get your personal loan questions answered by the money mavens on Mozo Answers.