Personal loan rates cut for the festive season

Calculate your loan repayments

We can show you the monthly repayment amount for a range of loans

I want to borrow
for years

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

  • Promoted

    OurMoneyMarket

    OurMoneyMarket

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

    8.00% p.a.

    8.21% p.a.based on $30,000
    over 5 years

    $150.00upfront and $0.00/month

  • Promoted

    People's Choice Credit Union

    People's Choice Credit Union

    Discounted Personal Loan (over 10k, Fixed, Secured)

    7.99% p.a.

    8.35% p.a.based on $30,000
    over 5 years

    $250.00upfront and $0.00/month

  • Promoted

    RateSetter

    RateSetter

    Unsecured Personal Loan (Variable)

    6.79% p.a.

    8.83% p.a.based on $10,000
    over 3 years

    $299.00upfront and $0.00/month

  • Promoted

    Harmoney

    Harmoney

    Unsecured Personal Loan (Fixed)

    6.99% p.a.to 28.69% p.a.

    7.69% p.a.to 29.55% p.a.based on $30,000
    over 5 years

    $500.00upfront and $0.00/month

  • Promoted

    NAB

    NAB

    Personal Loan (Variable, Unsecured)

    12.69% p.a.to 18.69% p.a.

    13.56% p.a.to 19.53% p.a.based on $30,000
    over 5 years

    $150.00upfront and $10.00/month

  • Promoted

    OurMoneyMarket

    OurMoneyMarket

    Low Rate Personal Loan (Very Good Credit) (Fixed, Unsecured)

    9.35% p.a.

    9.67% p.a.based on $30,000
    over 5 years

    $225.00upfront and $0.00/month

  • Promoted

    MoneyPlace

    MoneyPlace

    Unsecured Personal Loan (Fixed)

    7.65% p.a.to 26.99% p.a.

    7.65% p.a.to 23.5% p.a.based on $30,000
    over 5 years

    $0.00upfront and $0.00/month

  • Promoted

    ING

    ING

    Unsecured Personal Loan (Fixed)

    8.99% p.a.

    9.13% p.a.based on $30,000
    over 5 years

    $100.00upfront and $0.00/month

  • Promoted

    Heritage Bank

    Heritage Bank

    Low Rate Secured Personal Loan (Variable)

    4.69% p.a.

    7.16% p.a.based on $10,000
    over 3 years

    $200.00upfront and $5.00/month

  • Promoted

    NOW FINANCE

    NOW FINANCE

    Unsecured Personal Loan (Fixed)

    7.95% p.a.to 16.95% p.a.

    9.56% p.a.to 18.53% p.a.based on $30,000
    over 5 years

    $495.00upfront and $13.00/month

^ 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 for the amounts and terms below, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: 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. ^ Based on $10,000 over 3 years ^^ Based on $30,000 over 5 years

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.