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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

NAB Unsecured Personal Loan

NAB

Today's sponsored deal

  • Rates from 12.99%pa (13.86% 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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    • bankmecu Home Improvements Personal Loan (Variable, Sustainable Purpose)
      • Free redraw facility
      • Additional payments accepted
      • Borrow from $5,000
    • interest rate from

      8.14%

    • comparison rate from*

      9.17% based on $10,000
      over 3 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

      8.30%

    • comparison rate from*

      9.68% based on $10,000
      over 3 years

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    • BCU Secured Personal Loan (Variable)
      • Express approval in as little as 30 minutes
      • Pay your loan off early with no penalty
      • Free redraw functionality
    • interest rate from

      8.59%

    • comparison rate from*

      8.88% based on $30,000
      over 5 years

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    • Citibank Ready Credit (Fixed Payment Option, Unsecured)
      • Fixed monthly repayments for 4 years from 8.99% p.a.
      • Borrow up to $60,000 for any purpose.
      • No monthly or annual fees.
    • interest rate from

      8.99%

    • comparison rate from*

      n/a

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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

      9.64%

    • comparison rate from*

      10.68% based on $10,000
      over 3 years

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    • 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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    • 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

      12.99%

    • comparison rate from*

      13.86% based on $30,000
      over 5 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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    • ANZ Unsecured Personal Loan (Variable)
      • Loan terms from 1 to 7 years
      • Make extra repayments
      • Borrow from $5K up to $100K
    • interest rate from

      13.69%

    • comparison rate from*

      15.55% based on $30,000
      over 5 years

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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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    • Westpac Personal Loan (Fixed, Unsecured)
      • Borrow from $4K to $50K
      • Conditional approval in minutes when you apply online
      • Choose to repay over 1 to 7 years
    • interest rate from

      14.39%

    • comparison rate from*

      15.41% based on $30,000
      over 5 years

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    • Citibank Personal Credit (Variable, Unsecured)
      • Credit limit up to $60,000 for any purpose
      • A flexible redraw facility allows you to withdraw again and again without re-applying
      • No fixed repayment terms
    • interest rate from

      14.50%

    • comparison rate from*

      n/a

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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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    • 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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*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

        Friendly local branch

        1. Overall customer rating
        2. (Reviewed 13 days ago)

        It's not so much the bank, rather the fees. Every month I get slugged a loan service fee and as I used to work for this bank, I know this fee is not justifiable.  Full review 

        It's not so much the bank, rather the fees. Every month I get slugged a loan service fee and as I used to work for this bank, I know this fee is not justifiable.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
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        Commonwealth Bank Unsecured Personal Loan personal loan review by Debra from South Australia

        1 person found this review helpful – do you? Yes flag

      • Defence Bank

        Defence Bank personal loan review

        Waste of time

        1. Overall customer rating
        2. (Reviewed 15 days ago)

        Wouldn't waste your time submitting order, they're very slow and very picky. I earn 50,000 a year and they were not able to offer their services.  Full review 

        Wouldn't waste your time submitting order, they're very slow and very picky. I earn 50,000 a year and they were not able to offer their services.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Defence Bank Personal Loan personal loan review by Ben from Victoria

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      • Westpac

        Westpac personal loan review

        High rates but great customer service

        1. Overall customer rating
        2. (Reviewed 15 days ago)

        I love Westpac, my local branch are fantastic, great customer service, helpful and friendly. I do find if I need to go to the bank I need to have a few hours because things do seem to take a while but the staff are generally lovely. The online ban...  Full review 

        I love Westpac, my local branch are fantastic, great customer service, helpful and friendly. I do find if I need to go to the bank I need to have a few hours because things do seem to take a while but the staff are generally lovely. The online banking feature is amazing, it makes life so much easier. The interest rate on my personal loan is high and I do feel I should have shopped around a bit more, if I could go back and not do it I would go elsewhere for a better interest rate.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Westpac Personal Loan personal loan review by Colina from New South Wales

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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.

    Recently asked questions about personal loans