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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 125 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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DirectMoney

Direct Money Personal Loan (Fixed, Unsecured)

  • Borrow from $5k-$35k for any purpose
  • Same day funds available
  • 100% online application
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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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    More info
    • 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

      8.75%

    • comparison rate from*

      10.13% 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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    More info
    • 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

    • Go to site
    More info
    • DirectMoney Personal Loan (Fixed, Unsecured)
      • Borrow from $5k-$35k for any purpose
      • Same day funds available
      • 100% online application
    • interest rate from

      10.75%

    • comparison rate from*

      11.60% based on $30,000
      over 5 years

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    More info
    • NAB Personal Loan (Variable, Unsecured)
      • Borrow from $5K to $55K
      • 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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    More info
    • 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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    More info
    • 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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    • 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

      14.69%

    • comparison rate from*

      n/a

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    More info
    • 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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    More info
    • 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

      • Commonwealth Bank

        Commonwealth Bank personal loan review

        Terrible customer service until I met Renee

        1. Overall customer rating
        2. (Reviewed 21 minutes ago)

        I found the bank to be very different in their advice depending on who was serving you on the day. I have a personal loan with them that I spoke to at least 4 customer service assistances over a 9month period about receiving help with due being un...  Full review 

        I found the bank to be very different in their advice depending on who was serving you on the day. I have a personal loan with them that I spoke to at least 4 customer service assistances over a 9month period about receiving help with due being unwell and wanting assistance to claim my insurance. I was always told there was nothing they could do. Then I met Renee! She has been brilliant - assisting me in everyday - even helping fill out the forms. I was at a point where I was waiting to pay off the loan and then I would never do business with commonwealth bank again and Renee has totally changed all that. As long as she is working there, I will be there.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
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        Commonwealth Bank Car Loan (Fixed) personal loan review by Melanie from Victoria

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      • Commonwealth Bank

        Commonwealth Bank personal loan review

        Classy atmosphere and friendly staff.

        1. Overall customer rating
        2. (Reviewed 28 minutes ago)

        My bank definitely thinks of the customer (rare I know). Their customer service is great, no nonsense, easy to understand and even applying for different products is a breeze. The only con I can think of, is if the are making billions of dollars p...  Full review 

        My bank definitely thinks of the customer (rare I know). Their customer service is great, no nonsense, easy to understand and even applying for different products is a breeze. The only con I can think of, is if the are making billions of dollars profit, why is the interest and incentives on the "saver" accounts so bad?


          1. Price
          1. Features
          1. Customer service
          1. Convenience
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        Commonwealth Bank Unsecured Personal Loan personal loan review by Jason from Queensland

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      • Westpac

        Westpac personal loan review

        Do not take insurance on loans

        1. Overall customer rating
        2. (Reviewed 31 minutes ago)

        Do not take the insurance on their loans. I was made redundant from work. And was forced work 1-2 days a week/fortnightly for 6 different companies in 3 months, just so I could pay for basic everyday goods. Eg. Food. I was called up just before Ch...  Full review 

        Do not take the insurance on their loans. I was made redundant from work. And was forced work 1-2 days a week/fortnightly for 6 different companies in 3 months, just so I could pay for basic everyday goods. Eg. Food. I was called up just before Christmas to be reminded that I'm 2 months behind even though I was only out of full time work for 3 months. I was never called by westpac to say I'm not covered, they just took it into their own hands. Their support team is rubbish, I was actually told "too bad, on our records they state you have been working since you made the claim". So now, here I am. Spent over $5000 paying for insurance over the years just to be told "too bad" when all I needed was 3-4 months help to find full time work and to help me get on the right track. I feel cheated and now as broke as ever as I had to refinance the loan to avoid been blacklisted. It's a complete waste. Highly recommend just to put your money in a separate account for times of need.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Westpac personal loan review by Hobo

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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.