Compare & Save on...
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
7.45%
7.85%based on $30,000
over 5 years
8.49%
9.94%based on $10,000
over 3 years
8.64%
8.85%based on $30,000
over 5 years
10.75%
11.17%based on $30,000
over 5 years
11.95%
12.73%based on $30,000
over 5 years
11.99%
12.83%based on $10,000
over 3 years
12.64%
13.70%based on $10,000
over 3 years
*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.
A loan that listens to your needs
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!
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YesYes rates are good and customer service excellent
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.
Was this review helpful?
YesJust great people!
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.
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YesWhether 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.
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.
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
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.
