Personal Loan Matchmaker Guide

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Differing to the typical home loan, which is designed for the purchase of a property, personal loans are more than a one trick pony. 

In fact, there are a range of circumstances where different types of personal loans could come in handy, such as a holiday, funding a wedding, doing a home reno or even consolidating debt 

Personal loans generally come in two types; secured (where you put up an asset as security) or unsecured (where you don’t). Secured loans often come with lower interest rates than unsecured options and like other loans, you’ll need to make regular repayments over the loan term, which is usually one to ten years.   

So with that in mind, we’ve put together a personal loan matchmaker with some top options for each scenario.

TOP HOLIDAY LOANS

Harmoney Unsecured Personal Loan
  • Fixed rates from 5.35% p.a. (6.14% p.a. comparison rate*) for borrowers with great credit

If a flexible loan is what you need to help fund your next trip, Harmoney might tick all your boxes. This loan allows you to borrow between $2,000 and $50,000, Plus, there are also no monthly, early repayment or exit fees. $575 upfront fee ($375 if loan is less than $5,000).

NOW Finance No Fee Unsecured Personal Loan
  • Fixed rates from 5.95% p.a. (5.95% p.a. comparison rate*) for borrowers with excellent credit

The No Fee Unsecured Personal Loan from NOW Finance could be your ticket to a dream getaway. With this loan, borrowing amounts range from $5,000 to $50,000 so it could be a good option no matter how large or small your holiday is. No upfront, monthly, early repayment or exit fees to pay.

TOP RENOVATION LOANS

Alex Bank Personal Loan
  • Fixed rates from 4.99% p.a. (4.99% p.a. comparison rate*) for borrowers with excellent credit

This Unsecured Personal Loan from Alex Bank could be a great option for funding your next home renovation. Borrow up to $30,000 on loan terms ranging from 6 months to 5 years. No monthly, early repayment or exit fees. Upfront fee $250.

Handypay Home Improvement Loan
  • Variable rates from 5.75% p.a. (5.96% p.a. comparison rate*) for borrowers with excellent credit

If you’re in the market for a great home improvement loan to help cover the cost of a home renovation project, you may have struck the jackpot. Borrow between $2,000 and $75,000 and choose between 1-7 year loan terms. No monthly, early repayment or exit fees. $250 upfront fee.

TOP WEDDING LOANS

OurMoneyMarket
  • Fixed rates from 5.45% p.a. (6.07% p.a. comparison rate*) for borrowers with excellent credit

Make your dream wedding a reality with funding from the OurMoneyMarket Personal Loan. Borrow between $2,001 and $75,000. This loan offers a choice of either weekly, fortnightly or monthly loan repayments, with loan terms ranging from 1 to 7 years as well as a free redraw facility. No monthly, early repayment or exit fees. $250 upfront fee.

NOW Finance No Fee Unsecured Personal Loan
  • Fixed rates from 5.95% p.a. (5.95% p.a. comparison rate*) for borrowers with excellent credit

The No Fee Unsecured Personal Loan from NOW Finance could be just the ticket to turn your dream wedding into a reality. With this loan, borrowing amounts range from $5,000 to $50,000 so it could be a good option no matter how large or small your holiday is. No upfront, monthly, early repayment or exit fees to pay.

TOP DEBT CONSOLIDATION LOANS

Harmoney Unsecured Personal Loan
  • Fixed rates from 5.35% p.a. (6.14% p.a. comparison rate*) for borrowers with great credit

If consolidating your debts is one of your new year’s resolutions, then this could be a great personal loan for you. This loan allows you to borrow between $2,000 and $50,000 and there are also no ongoing service or early exit fees either. No monthly, early repayment or exit fees. $575 upfront fee.

Latitude Unsecured Personal Loan
  • Fixed rates from 7.99% (9.31% comparison rate*) for borrowers with excellent credit
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If ridding yourself of debt is your 2022 goal, Latitude’s personal loan might just tickle your fancy. Borrow from $3,000 and create a flexible repayment schedule. Plus according to Latitude, you can apply for your loan in 10 minutes, and get a response in 60 seconds! $299 upfront fee for loans over $5,000 and $13 monthly fee and early repayment fee of $300 if you pay the whole loan in the first half of the term and $0 for the second half of the term.

TOP CAR LOANS

Loans.com.au New Car Loan - Prime Special
  • Variable rates from 2.99% p.a. (3.53% p.a. comparison rate*) for qualifying homeowners

Get the keys to your new dream car sooner with the Loans.com.au New Car Loan. Loan amounts between $5,000 and $100,000. Qualifying homeowners can experience a speedy online application process, combined with a fast 24 hour approval according to loans.com.au. No monthly or exit fees. $400 upfront fee and early repayment fee $700.

Wisr Secured Car Loan
  • Fixed rates from just 4.49% p.a. (5.31% comparison rate*) for borrowers with excellent credit

After a low rate car loan to get behind the wheel of your dream car sooner? With Wisr’s competitive fixed loan rates for borrowers with good credit, you'll have the freedom to borrow between $5,000 and $64,000 to get you on the road faster than ever. No monthly, early repayment or exit fees. $605 upfront fee.

OurMoneyMarket Car Loan
  • Fixed rates from just 5.35% p.a. (5.65% comparison rate*) for borrowers with excellent credit

Whether it's a new or used car (up to 7 years) you’re after, the OMM car loan could be the ticket to a new set of wheels. This loan features a quick and easy, 100% online application and you’ll be eligible for borrowing up to $75,000. No monthly, early repayment or exit fees. $250 upfront fee.

Want to compare more personal loan options? Jump over to our personal loan hub for more providers as well as a bunch of handy guides and tips!

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* WARNING: 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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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