Cheap Personal Loan Rates of 2020

Cheap Personal Loan Rates - page last updated October 30, 2020

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  • 6.75% p.a.to 8.48% p.a.

    6.96% p.a.to 8.69% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.75% would cost $35,580.23 including fees.

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  • mozo-experts-choice-2019

    6.49% p.a.to 8.99% p.a.

    6.84% p.a.to 9.34% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,459.64 including fees.

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    Details
  • 6.95% p.a.to 17.95% p.a.

    6.95% p.a.to 17.95% p.a.based on $10,000
    over 3 years

    Terms from 2 to 7 years. Representative example: a 3 year $10,000 loan at 6.95% would cost $11,107.53 including fees.

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    Details
  • 7.65% p.a.to 26.99% p.a.

    7.65% p.a.to 26.99% p.a.based on $30,000
    over 5 years

    Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.

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    Details
  • 5.75% p.a.to 21.99% p.a.

    6.47% p.a.to 25.11% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.

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    Details
  • Hot DealNo establishment fee if you apply by November 30th 2020

    6.95% p.a.to 19.99% p.a.

    6.95% p.a.to 19.99% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $35,599.71 including fees.

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    Details
  • mozo-experts-choice-2019

    7.65% p.a.to 26.99% p.a.

    7.65% p.a.to 28.6% p.a.based on $30,000
    over 5 years

    Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.

      Compare
    Details
  • mozo-experts-choice-2020

    9.89% p.a.

    10.14% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.89% would cost $38,322.33 including fees.

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    Details
  • 7.95% p.a.to 19.45% p.a.

    8.78% p.a.to 20.4% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 7.95% would cost $37,049.45 including fees.

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    Details
  • 6.95% p.a.to 17.95% p.a.

    8.57% p.a.to 19.53% p.a.based on $30,000
    over 5 years

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $36,874.71 including fees.

      Compare
    Details
  • 8.49% p.a.to 11.19% p.a.

    8.81% p.a.to 11.52% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.49% would cost $37,146.08 including fees.

      Compare
    Details
  • 6.99% p.a.to 25.69% p.a.

    7.79% p.a.to 26.65% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,208.67 including fees.

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    Details
  • 10.50% p.a.

    11.38% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 10.50% would cost $39,439.02 including fees.

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    Details
  • 12.69% p.a.to 18.99% p.a.

    13.56% p.a.to 19.83% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.69% would cost $41,420.45 including fees.

      Compare
    Details

^See information about the Mozo Experts Choice Personal loans Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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Personal loan resources

Reviews, news, tips and guides to help find the best personal loan for you.

Personal Loan Reviews

Bank of Queensland Unsecured Personal Loan review
Overall 1/10
Disgraceful.

Disgraceful product. Had $90 left on my loan as I had been making extra payments. Instead of them taking the final payment - decided to leave it and only charge their $7.50 monthly account keeping fee. This was their plan for the term of the loan. What great value! I received no correspondence, ended up contacting them myself. I was told their system doesn't support courtesy emails in these situations. I work as an accountant - as if BOQ has nothing to do with the implementation of their own financial system. Corresponding with clients is a pretty basic function guys, but I'm assuming it would make your scam less lucrative. I will never use these guys again, they don't care about their customers. Not interested in helping anyone at all in the current financial climate.

Read full review

Disgraceful product. Had $90 left on my loan as I had been making extra payments. Instead of them taking the final payment - decided to leave it and only charge their $7.50 monthly account keeping fee. This was their plan for the term of the loan. What great value! I received no correspondence, ended up contacting them myself. I was told their system doesn't support courtesy emails in these situations. I work as an accountant - as if BOQ has nothing to do with the implementation of their own financial system. Corresponding with clients is a pretty basic function guys, but I'm assuming it would make your scam less lucrative. I will never use these guys again, they don't care about their customers. Not interested in helping anyone at all in the current financial climate.

Price
1/10
Features
1/10
Customer service
5/10
Convenience
5/10
Trust
1/10
Less
Samantha, Western Australia reviewed about 18 hours ago
Commonwealth Bank Unsecured Personal Loan review
Overall 6/10
Fair value, good for a basic loan provider.

Pretty basic personal loan options, but are usually willing to adjust interest rates for returning customers. Were willing to negotiate repayments when covid started.

Read full review

Pretty basic personal loan options, but are usually willing to adjust interest rates for returning customers. Were willing to negotiate repayments when covid started.

Price
7/10
Features
3/10
Customer service
5/10
Convenience
7/10
Trust
7/10
Less
Geoff, New South Wales reviewed about 19 hours ago
ANZ Unsecured Personal Loan review
Overall 10/10
Awesome bank to get your loans.

Awesome customer service when I applied for my loan. Really responsive and upfront about everything and always answering questions thoroughly and comprehensive with knowledge.

Read full review

Awesome customer service when I applied for my loan. Really responsive and upfront about everything and always answering questions thoroughly and comprehensive with knowledge.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jayden, Queensland reviewed 3 days ago

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