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Symple Loans Personal Loan

Advertiser disclosure
Interest rate from
5.75% 25.99% p.a.
Comparison rate from
6.47% 29.2% p.a.based on $30,000
over 5 years
Upfront fee
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Mozo editorial review Symple Loans Personal Loan - last updated: 19 July 2021

5 / 5
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What's hot
  • Interest rates from 5.75% p.a. (6.47% p.a. comparison rate)
  • Borrow up to $50,000
  • No early repayment fee
  • Earn Qantas points on your loan amount
What's not
  • Loan application fee ranges between 0% and 5% of the loan amount.
Mozo snapshot

Have a debt you need to pay off? A holiday you want to book? Or do you need to cover an outstanding medical bill? Then with Symple Loans personalised variable rate loans, the ball is in your court. You can borrow up to $50,000 with this loan, with a term of up to 7 years. Plus, you can have the money in your account the next business day and you can earn Qantas points when the loan is drawn.

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Key features

Simple really is the word with the Symple Loans unsecured personal loan, with interest rates from 5.75% p.a. (6.47% p.a. comparison rate*) up to 25.99% (29.20% comparison rate*)on loans between $5,000 and $50,000 for 1 to 7 year loan terms.

And if awesome features are what you’re looking for in a personal loan, then you’ve come to the right place. Symple Loans' personal loan has an online application process, funds that can be transferred in up to 24 hours and extra repayment options with no fees attached, so you can pay your loan off in no time! However, remember once you’ve made those extra repayments, that’s it, as there is no redraw facility with this loan.

Symple customers can now also earn 1 Qantas point for every $1 they borrow once the loan is approved and drawn. This is capped at 50,000 Qantas points in line with the $50,000 loan limit.

Make sure you keep on top of your repayments, otherwise, you’ll be hit with a nasty $35 late payment fee. Other fees to keep an eye on with a Symple Loans personal loan include the $10 monthly service fee.

While all customers with the lowest rate of 5.75% p.a. (6.47% p.a. comparison rate*) won't be charged any loan application fees, you will need to factor in an upfront fee ranging from 0% to 5% of the loan amount if the rate you've received is higher. For example, for 1% of a $30,000 loan, you may pay a $300 application fee. This could get steep if you're borrowing a larger amount. 

Who is it good for

Anyone looking for an affordable personal loan with personalised interest rates and loan terms of up to 7 years.

To qualify for a Symple loan you must:

• Be at least 18 yrs old

• Be employed and earning over $25,000 per year

• Be an Australian citizen, or permanent resident

• Have no record of prior bankruptcy

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Any catches

This loan may come with an application fee if you receive a higher rate than 5.75% p.a. (6.47% p.a. comparison rate*), plus a monthly fee to consider, so make sure you plan for that in your budget.

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Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 26 January 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


5.75% p.a.variable

6.47% 29.2% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

7 Years






Loan application fee ranges between 0% and 5% for loans with interest rates above 5.75% p.a.

Earn 1 Qantas point per $1 after the loan is drawn up to $50,000

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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