Your selected personal loans
Excellent Credit, $5,000 - $75,000
Competitive low rates for borrowers with excellent credit on 1-7 year loans from $5,000 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Read reviews and learn more about OurMoneyMarket personal loans
Your selected personal loans
Fixed
Borrow up to $50,000 unsecured. Perfect if you earn more than $22,100 p.a. and have good to excellent credit. Multi-year winner of Mozo’s Experts Choice Unsecured Personal Loan Award, 2021, 2022, 2023 & 2024^'
Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 6.75% would cost $35,430.23 including fees.
Read reviews and learn more about NOW Finance personal loans
Your selected personal loans
Secured
Access fast finance on loans from $3,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 25-36 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.
Repayment terms from 2 years to 3 years. Representative example: a 3 year $10,000 loan at 16.95% would cost $14,952.03 including fees.
Read reviews and learn more about Jacaranda Finance personal loans
Your selected personal loans
Fixed
Fast, easy and 100% online, this is a low cost loan with no ongoing fees or extra repayment penalties. It's perfect for savvy borrowers with great credit. If you’re over 18 and earn above $30,000, you could qualify (other eligibility criteria may apply).
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.76% would cost $35,173.52 including fees.
Read reviews and learn more about Harmoney personal loans
Your selected personal loans
Roll multiple debts into one loan to streamline your finances with one set of repayments and one interest rate. Competitive fixed interest rates with no monthly or early repayment fees and flexible repayment options. Easy online application and funding in as little as 24 hours (subject to approval).
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.76% would cost $35,173.52 including fees.
Your selected personal loans
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Looking for a suitable personal loan with a fuss-free application process? Get started below to let LoanOptions.ai help you on your journey today.
Most tasks online are fast and more convenient than in person, which is why many borrowers prefer online personal loans, too.
Online loans can have easy applications and in some cases, instant approvals. It’s also worth noting that some online personal loans have competitive interest rates too, because the lender can cut down on typical overhead costs.
Let’s take a closer look.
You can typically apply for a personal loan online, though whether the product is limited to customers on the internet will differ between lenders. Ultimately your decision to get any sort of loan should come down to whether it suits you or not.
There are personal loans available online for all types of needs, including car loans and debt consolidation loans. Personal loans can also help cover weddings, travel, home renovations and medical costs. And generally, you’ll get a choice between an unsecured loan or a secured loan, the latter requiring a personal asset against it as collateral.
Whether you want the bells and whistles loan or you just want the bare basics, here are some of the features to consider when doing an online loan comparison.
Repayments frequency: Typically your choices are weekly, fortnightly or monthly repayments. More regular repayments can help you reduce the interest you pay over the long term.
Extra repayments: The ability to make extra repayments is worth it to reduce your overall loan timeframe and therefore costs. Just be aware that some fixed loans have a cap on the amount of extra repayments you can make.
Redraw facility: Access extra repayments with a redraw facility, should you need to. Some lenders will charge a fee for this and others might have a minimum redraw amount.
Secured vs unsecured
The rate of interest you pay on a personal loan is often determined by whether the loan is secured or unsecured. As we touched on, an unsecured loan means you don’t have to provide any security for your loan. The interest on these loans can typically be higher. By contrast, a secured personal loan is a loan guaranteed by an asset such as a car. This security usually means the lender can offer a lower rate on the loan.
An online personal loan is really about convenience and that’s why most lenders today allow customers to apply online through their website or app. This type of application process can be faster than a traditional one, and in many cases can see the loan approved in a shorter timeframe.
Some lenders specialise in online services and products, allowing them to cut down on the physical costs associated with branches or ATMs, which can sometimes translate to lower rates of fees. At the end of the day, a personal loan should fit your needs and budget, whether it’s offered online or not.
Here at Mozo, we give you the most up-to-date product information and personal loan information in our database. You can broaden your comparison by visiting our Personal Loans hub page.
Our expert guides will give you the knowledge you need to manage your personal loan from application to repayment. See all
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Stay up to date with the latest personal loan trends, changes in interest rates, and lending insights with expert tips and advice from Mozo’s trusted writers. See all
This depends on you and your financial situation. With a fixed interest rate you’ll know exactly what your repayments will be for the full term of the loan. The risk with a variable rate loan is that the interest rate could change over the loan period, usually when the official cash rate moves. This is a double-edged sword: if rates go down, so can your repayments, but if the opposite happens your repayments can go up.
No, the comparison rate of a loan is a rate that combines both the standard interest rate and fees of a loan so that you can better compare the true cost of that loan.
Each lender will have a minimum loan amount and most loans will also be capped at a maximum level. Personal loans generally range from $1,000 to over $75,000 and have loan terms between 1 - 10 years.
The types of fees you'll have to pay will vary between lenders and can include:
Upfront fees. This is usually something such as an application fee that you'll pay upfront once the loan is approved.
Ongoing or account keeping fees. Depending on the loan term, you might be required to pay a monthly fee or an annual fee.
Break cost fees. Sometimes if you pay out a fixed rate loan early you will need to pay a break or exit fee. The amount will be determined by the bank and based on the amount of time left on the loan and the interest rate.
Some lenders offer a range of different interest rates on personal loans depending on what kind of borrower you are. It’s important to show a lender that you’re good with money, pay your bills on time and have minimal debt.
Generally, the better your money management and credit history is, the better the interest rate you’ll typically get.
So what this means is that if you are thinking about getting a personal loan in the lead up to making an application you need to be much more prepared, making sure your bills are paid on time, you're showing that you are saving, and you are comfortably meeting other financial commitments like mortgage repayments or rent.
You need to supply the same information to the lender had you walked into a branch. The good news is that most online loan applications are very easy and walk you through a step by step process. Standard information you'll need for most loan applications includes:
ANZ’s personal loan product stands out for its flexibility, competitive rates, and ease of application. One of the key advantages is the choice between a fixed or variable interest rate, allowing borrowers to select an option that best suits their financial situation. The fixed-rate loan provides certainty in repayments, making budgeting easier, while the variable rate offers the potential for savings if interest rates decrease. The application process is straightforward, with online tools that allow for quick pre-approval and loan calculations. ANZ also provides the option for extra repayments on variable loans, helping reduce interest costs over time. The ability to redraw extra repayments (for variable loans) is another plus, offering financial flexibility if needed. Additionally, the loan terms range from 1 to 7 years, giving borrowers control over their repayment period. Customer service is also reliable, with support available through online banking, branches, and phone assistance. Overall, ANZ’s personal loan product is a great choice for those looking for competitive rates, repayment flexibility, and a seamless application experience.
Read full reviewANZ’s personal loan product stands out for its flexibility, competitive rates, and ease of application. One of the key advantages is the choice between a fixed or variable interest rate, allowing borrowers to select an option that best suits their financial situation. The fixed-rate loan provides certainty in repayments, making budgeting easier, while the variable rate offers the potential for savings if interest rates decrease. The application process is straightforward, with online tools that allow for quick pre-approval and loan calculations. ANZ also provides the option for extra repayments on variable loans, helping reduce interest costs over time. The ability to redraw extra repayments (for variable loans) is another plus, offering financial flexibility if needed. Additionally, the loan terms range from 1 to 7 years, giving borrowers control over their repayment period. Customer service is also reliable, with support available through online banking, branches, and phone assistance. Overall, ANZ’s personal loan product is a great choice for those looking for competitive rates, repayment flexibility, and a seamless application experience.
Likes: User-friendly app with great features like spending insights and instant transfers. Convenient branches and ATMs across Australia. Strong security measures for peace of mind. Dislikes: Fees can be high, especially for international transactions. Long wait times for customer service. Interest rates on savings accounts aren’t the most competitive.
Read full reviewLikes: User-friendly app with great features like spending insights and instant transfers. Convenient branches and ATMs across Australia. Strong security measures for peace of mind. Dislikes: Fees can be high, especially for international transactions. Long wait times for customer service. Interest rates on savings accounts aren’t the most competitive.
Anz is a very reliable and safe bank with a new feature called ANZ PLUS. Which is a more safer and secure bank account. Great interest rates for long term investment. Would recommend to anyone. Everytime I have dealt with this bank I’ve always had an immaculate and easy experience with customer service.
Read full reviewAnz is a very reliable and safe bank with a new feature called ANZ PLUS. Which is a more safer and secure bank account. Great interest rates for long term investment. Would recommend to anyone. Everytime I have dealt with this bank I’ve always had an immaculate and easy experience with customer service.
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