Top ways to get a cheap personal loan

28 Jan 2019

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Whether it’s time to consolidate high interest debt, tick off that bucket list holiday, pay for your wedding or give your home the facelift it needs, a personal loan is a great option for those looking to borrow a lump sum of money.

Cheaper than most forms of credit and featuring convenient monthly installments, a personal loan is not only a fast and efficient way to get those big ticket items you just can’t afford, but most are unsecured, which means you won’t have to put any collateral against the loan you’re taking.

With a myriad of lenders in the market offering some great deals, now’s the right to compare and see if a personal loan is the right option for you

10 Top Personal Loans - rates updated daily

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OurMoneyMarket

OurMoneyMarket

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

interest rate

8.00% p.a.

comparison rate*

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

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MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

interest rate

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

comparison rate*

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

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ANZ

ANZ

Unsecured Personal Loan (Fixed)

interest rate

12.45% p.a.

comparison rate*

13.32% p.a.based on $30,000
over 5 years

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Wisr

Wisr

Unsecured Personal Loan (Fixed)

interest rate

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

comparison rate*

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

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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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SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

interest rate

7.50% p.a.to 14.99% p.a.

comparison rate*

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

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CUA

CUA

Unsecured Personal Loan (Fixed)

interest rate

9.89% p.a.

comparison rate*

10.14% p.a.based on $30,000
over 5 years

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Heritage Bank

Heritage Bank

Standard Personal Loan (Fixed, Unsecured)

interest rate

8.99% p.a.

comparison rate*

9.62% p.a.based on $30,000
over 5 years

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NOW FINANCE

NOW FINANCE

Unsecured Personal Loan (Fixed)

interest rate

7.45% p.a.to 16.95% p.a.

comparison rate*

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

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OurMoneyMarket

OurMoneyMarket

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

interest rate

9.35% p.a.

comparison rate*

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

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^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

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