Over March, a bunch of lenders slashed personal loan rates across secured, unsecured and car loans. And it looks like April is also off to a cracker start.
Today Australian Military Bank cut one of its personal loans by a massive 1.55%, making it the lowest personal loan rate in our database.
The Unsecured Green Loan offered by Australian Military Bank dropped to a hot 3.15% (4.10% comparison rate*) and can be used for the domestic installation of environmentally-friendly items such as solar energy systems, water capture or energy efficient heating and cooling.
But Australian Military Bank isn't alone in dropping ‘green rates’.
Last month Bank First cut its personal loan rate by 25 basis points for its Green Personal Loan with rates starting from 8.75% (9.78% comparison rate*), plus loans.com.au chopped its Clean Green Car Loan down to an impressive 3.97% (4.51% comparison rate*).
But that’s not all… Who else cut personal loan rates recently?
‘Green rates’ aren’t the only personal loans to be pruned back lately, here’s who else made rate cuts last month:
- Qudos Bank made changes to three of its personal loan offerings: its Car Loan was slashed by 0.25% and now sits at 6.19% (6.40% comparison rate*), its Unsecured Loan also dropped by 0.25% and now offers 10.74% (11.79% comparison rate*), plus it slashed its Qantas Points Car Loan rate by 0.10%, leaving it at 7.59% (7.80% comparison rate*).
- Loans.com.au, along with its Green Car Loan, also cut its New Car Loan by 22 basis points, now sitting at a pretty 4.67% (5.22% comparison rate*).
- Goldfields Money stripped its rates down by 25 basis points for both its New Car Loan, now at 5.59% (6.22% comparison rate*), and its Unsecured Personal Loan, now at 12.59% (12.81% comparison rate*).
- CommBank dropped its Unsecured Personal Loan variable rate to 11.50% (12.38% comparison rate*).
RELATED ARTICLE: 5 sure-fire ways to dumb debt fast
Want to find out how these rates compare to others on the market? Take a look at the table below or head over to our personal loan comparison tool for even more options!
Personal Loans 2020 - last updated November 28, 2020
- NOW FinanceNOW Finance
Unsecured Personal Loan
Low Rate Personal Loan (Fixed, Unsecured)
- Symple LoansSymple Loans
Unsecured Personal Loan
^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.