Personal loan rates cut for the festive season

If you’ve been toying with the idea of an end of year getaway or your New Year’s resolution is to finally tackle that home reno, you'll be excited to hear that there has been a wave of personal loan rate cuts in the lead up to the festive season.

Mozo Experts have revealed that a whopping twenty lenders have slashed their unsecured personal loan rates in recent months, with rates now available from under 7.00% for good credit borrowers. 

“With so many low rates on offer, personal loans are an affordable way to access extra funds over the festive season. Depending on the loan term and amount, these new rates could make a significant difference to a borrower’s bottom line,” said Mozo Data Manager Peter Marshall.

So, whether you’re wanting to take a last minute holiday or need to cover Christmas expenses, read on for the Mozo Editors' round up of some of the top low rate personal loans on the market right now.

TOP LOW RATE PERSONAL LOANS

Rates updated daily. Advertiser disclosure.

• Promoted

  NOW Finance

  NOW Finance

  Unsecured Personal Loan (Fixed, $5,000 - $40,000)

  interest rate

  6.95% p.a.to 17.95% p.a.

  comparison rate

  6.95% p.a.to 17.95% p.a.based on $30,000
  over 5 years

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• Promoted

  OurMoneyMarket

  OurMoneyMarket

  Low Rate Personal Loan (Excellent Credit) (Fixed, Unsecured)

  interest rate

  6.75% p.a.to 8.48% p.a.

  comparison rate

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

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• Promoted

  Symple Loans

  Symple Loans

  Personal Loan (Variable, Unsecured)

  interest rate

  5.75% p.a.to 21.99% p.a.

  comparison rate

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

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• Promoted

  Alex

  Alex

  Personal Loan (Unsecured, Fixed)

  interest rate

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

  comparison rate

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

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• Promoted

  SocietyOne

  SocietyOne

  Unsecured Personal Loan (Excellent Credit, Fixed)

  interest rate

  6.99% p.a.to 9.49% p.a.

  comparison rate

  6.99% p.a.to 12.2% p.a.based on $10,000
  over 3 years

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• Promoted

  Wisr

  Wisr

  Unsecured Personal Loan (Fixed)

  interest rate

  7.95% p.a.to 19.45% p.a.

  comparison rate

  8.22% p.a.to 19.76% p.a.based on $30,000
  over 5 years

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• Promoted

  Liberty

  Liberty

  Personal Loan (Fixed, Unsecured)

  interest rate

  6.45% p.a.to 26.99% p.a.

  comparison rate

  6.45% p.a.to 26.99% p.a.based on $30,000
  over 5 years

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• Promoted

  CUA

  CUA

  Unsecured Personal Loan (Fixed)

  interest rate

  9.39% p.a.

  comparison rate

  9.64% p.a.based on $30,000
  over 5 years

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• Promoted

  MoneyPlace

  MoneyPlace

  Unsecured Personal Loan (Fixed)

  interest rate

  6.45% p.a.to 26.99% p.a.

  comparison rate

  6.45% p.a.to 28.6% p.a.based on $30,000
  over 5 years

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• Promoted

  P&N Bank

  P&N Bank

  Secured Personal Loan (Variable)

  interest rate

  6.81% p.a.

  comparison rate

  7.80% p.a.based on $30,000
  over 5 years

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