Best Personal Loans 2018

Got excellent credit? Some lenders vary the interest rate on a loan depending on the applicant’s credit score and application. This category identified the lowest cost unsecured personal loans for consumers with an 'excellent' credit score based on a $10,000 loan over 3 years.

An unsecured personal loan will be your borrowing choice if you don’t have security to put up against a loan. Here are this year’s winners for unsecured fixed and variable rate loans, based on rates that may be available to customers with a range of different credit histories.

This category identified the lowest cost secured personal loans for consumers with an excellent credit score.

If you are in the market for a general purpose secured personal loan, the Mozo Experts Choice Award winners below are a great starting point.

Thinking of installing a rainwater tank, solar panels or other environmentally friendly home improvements? We identified and compared all loans that can only be used for eco friendly home improvements to find the best green loan.

We identified then compared all personal loans in the Mozo database that operate as lines of credit to find our Mozo Experts Choice Award Winner. We calculated the cost of interest only payments and fees for a $10,000 outstanding balance over 3 years.

To find the cheapest car loan for buying a new car, Mozo’s money experts combed through 196 different personal loans and calculated the cost of a $30,000 new car loan including principal, interest, fees and charges repaid over 5 years.

Here’s the list of Mozo Experts Choice Award winners in our used car category for 2018. We compared all loans in our database to find the best value loans for used car borrowers. Calculations were based on a $15,000 loan including principal, interest, fees and charges repaid over 5 years.

If you’re in the market for a low emission car and want a low rate car loan to match, check out the Mozo Experts Choice Award pick for best green car loan. Our experts assumed a $30,000 loan over 5 years when comparing costs.

From all of the personal loan products launched in the past 12 months, the Mozo experts assessed the benefit to potential customers and any novel features or facilities in order to find the best new product. They chose the Clean Green Car Loan from loans.com.au, based on its interest rate discount - off an already low rate - for low CO2 emissions vehicles, funded in partnership with the Clean Energy Finance Corporation. Interest rates may vary depending on credit score, which is why this loan wasn’t able to be assessed for the Green Car Loan category as well.