Many Aussie personal loan lenders have slashed rates over the last 12 months, with many hitting all-time lows. But the truth is, some rates remain stubbornly high, which means that you could be missing out on a better deal by not shopping around.
According to the Mozo database, the lowest unsecured personal loan variable rate for low-risk customers sits at 3.15% (4.10% comparison rate*) while the highest rate skyrockets to 15.99% (16.29% comparison rate*). That’s a massive 12.84% difference!
You may be asking yourself, with the curveball of COVID-19 is it still possible to get your hands on one of these low interest personal loans? If you have a solid credit history and a steady income, then the answer is yes!
So if you need a hand to start your search for a killer personal loan to avoid paying too much in interest, we are here to help. Scroll down for some of the top low interest personal loan options right now.