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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.

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  • We compare 140 personal loans from 43 banks

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

  • Over 300,000 people use our site each month

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NAB

NAB Personal Loan (Variable, Unsecured)

  • Rates from 13.39%p.a. (14.26%p.a. comparison rate)
  • No fees for extra or early repayments
  • Weekly, fortnightly, or monthly repayments
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    • People's Choice Credit Union Discounted Personal Loan over 30k (Fixed)
      • No monthly account fees
      • No penalties for early repayments
      • Flexible loan terms and repayment options
    • interest rate from

      6.64%

    • comparison rate from*

      6.99% based on $30,000
      over 5 years

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    • IMB Secured Personal Loan (Fixed)
      • Borrow up to $60,000
      • No penalty for early repayments
      • No ongoing fees
    • interest rate from

      7.94%

    • comparison rate from*

      8.19% based on $30,000
      over 5 years

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    • RateSetter Unsecured Personal Loan (Fixed)
      • Low rates for borrowers with good credit
      • 3 min rate estimate, simple online application
      • No monthly fees, no early repayment fees
    • interest rate from

      7.90%

    • comparison rate from*

      9.80% based on $10,000
      over 3 years

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    • bankmecu Home Improvements Personal Loan (Variable)
      • Free redraw facility
      • Additional payments accepted
      • Borrow from $5,000
    • interest rate from

      8.49%

    • comparison rate from*

      9.52% based on $10,000
      over 3 years

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    • RACV Personal Loan (Fixed, Secured)
      • No ongoing fees
      • Loan approval within 5 business hours
      • Choose to repay over 1 to 7 years
    • interest rate from

      9.45%

    • comparison rate from*

      9.97% based on $30,000
      over 5 years

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    • bankmecu Lifestyle Personal Loan (Variable, for property owners)
      • Additional payments accepted
      • Borrow from $1,000
      • No early exit fees
    • interest rate from

      9.49%

    • comparison rate from*

      10.53% based on $10,000
      over 3 years

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    • SocietyOne Unsecured Personal Loan (Fixed)
      • No upfront, monthly or early repayment fees
      • Low personalised rates if you have good credit
      • Borrow from $5,000 to $30,000
    • interest rate from

      9.95%

    • comparison rate from*

      9.95% based on $10,000
      over 3 years

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    • GE Money Personal Loan (Fixed, Unsecured)
      • Apply online in 15 minutes and we'll respond in one business day
      • Funds available in 2 business days from approval
      • One fixed regular payment with a clear end date
    • interest rate from

      11.99%

    • comparison rate from*

      13.20% based on $30,000
      over 5 years

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    • IMB Unsecured Personal Loan (Fixed)
      • No ongoing fees
      • Borrow up to $20,000
      • No security required
    • interest rate from

      12.49%

    • comparison rate from*

      13.73% based on $10,000
      over 3 years

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    • Aussie Personal Loan (Fixed, Unsecured)
      • Flexible loan term
      • Extra payments allowed
      • Simple step-by-step online application
    • interest rate from

      12.99%

    • comparison rate from*

      13.94% based on $30,000
      over 5 years

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    More info
    • NAB Personal Loan (Variable, Unsecured)
      • Borrow from $5,000 - $55,000
      • No fees for extra or early repayments
      • Loan terms from 1 to 7 years
    • interest rate from

      13.39%

    • comparison rate from*

      14.26% based on $30,000
      over 5 years

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    • Westpac Personal Flexi Loan (Variable, Unsecured)
      • No fees for additional withdrawals, early repayments or early exit
      • Same day funds for existing approved customers
      • Special interest rate only available to selected partner websites
    • interest rate from

      13.69%

    • comparison rate from*

      n/a

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    • ANZ Unsecured Personal Loan (Fixed)
      • Loan terms from 1 to 7 years
      • Make extra repayments
      • Borrow from $5K up to $100K
    • interest rate from

      13.95%

    • comparison rate from*

      14.81% based on $30,000
      over 5 years

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    • St.George Unsecured Personal Loan (Fixed)
      • Fast and simple online application
      • Borrow from $3K to $40K
      • Choose to repay your loan from 1 to 5 years
    • interest rate from

      14.35%

    • comparison rate from*

      17.59% based on $10,000
      over 3 years

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    • ANZ Unsecured Personal Loan (Variable)
      • Loan terms from 1 to 7 years
      • Make extra repayments
      • Borrow from $5K up to $100K
    • interest rate from

      14.69%

    • comparison rate from*

      15.55% based on $30,000
      over 5 years

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    • Bank of Melbourne Unsecured Personal Loan (Variable)
      • Borrow from $3K to $40K
      • Flexible repayment options
      • Extra repayments allowed
    • interest rate from

      14.74%

    • comparison rate from*

      17.98% based on $10,000
      over 3 years

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    • BankSA Unsecured Personal Loan (Variable)
      • No security required
      • Borrow between $3K and $40K
      • Fast and simple application required
    • interest rate from

      14.74%

    • comparison rate from*

      17.98% based on $10,000
      over 3 years

    • Go to site
    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

      • Citibank

        Citibank personal loan review

        Brilliant marketing!! Hard to break free from!!

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

        Citibank do have great customer service. It's not hard to get a hold of someone if you need, chances are you've just received a text message or email from someone at a call centre, somewhere. The constant offers of a further line of credit or incr...  Full review 

        Citibank do have great customer service. It's not hard to get a hold of someone if you need, chances are you've just received a text message or email from someone at a call centre, somewhere. The constant offers of a further line of credit or increases in my limits on top of the ever increasing financial trap of just trying to get my pay check back. It definitely did teach me a lesson in standing my ground and being firm. I'm a little wiser and stronger now. I would not recommend to anyone a little carefree about money. Definitely for the already money wise.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
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        Less
        Citibank Ready Credit personal loan review by Valerie from Queensland

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      • Westpac

        Westpac personal loan review

        Awesome product

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

        Westpac Flexiloans are awesome products that allow easy access to monitor, make payments and redraw online. Great interest rates and security of a big bank make this a great product.  Full review 

        Westpac Flexiloans are awesome products that allow easy access to monitor, make payments and redraw online. Great interest rates and security of a big bank make this a great product.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Westpac Personal Flexi Loan (Unsecured) personal loan review by Gordon from New South Wales

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      • Commonwealth Bank

        Commonwealth Bank personal loan review

        Great service

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

        I've been with Commonwealth Bank since High School and have never had any issues with this bank, whether within the branch, over the phone or online. I like the mobile app service as it is easy to use and simple. Also Commonwealth Bank are the onl...  Full review 

        I've been with Commonwealth Bank since High School and have never had any issues with this bank, whether within the branch, over the phone or online. I like the mobile app service as it is easy to use and simple. Also Commonwealth Bank are the only bank to offer Cardless Cash and this service is great and very convenient.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank personal loan review by Kirby from Victoria

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    • 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.
  • Community

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