You’ll need a couple of bits on information in order to apply for a personal loan, including your ID, address, and proof of income and savings. It’s a good idea to have these on hand before you start comparing, as the application process can be quick!
Not sure which personal loan is the right option for you? Our handy comparison tables not only show the interest rate you’ll pay, but also the comparison rate and the monthly repayments you’ll need to make. Just plug in your loan amount and the number of years you’re looking to pay it back over into the fields below and hit ‘calculate payments’.
Whether you live in South Perth or Greenwood, you’ll be able to compare a range of personal loans from your own computer. Better still, if you’ve found a great personal loan on our tables applying is easy - just hit the blue ‘go to site’ button and you’ll be directed to the providers online application page.
Fixed
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $34,757.21 including fees.
Pay ZERO fees on loans up to $50,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your guaranteed, tailored interest rate in two minutes with no impact on your credit score! Winner of Mozo's Experts Choice Unsecured Personal Loan 2021 award.
Pay ZERO fees on loans up to $50,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your guaranteed, tailored interest rate in two minutes with no impact on your credit score! Winner of Mozo's Experts Choice Unsecured Personal Loan 2021 award.
Read our Mozo Review to learn more about the NOW Finance No Fee Unsecured Personal Loan
Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.25% would cost $36,103.67 including fees.
Enjoy flexibility with the ability to make additional repayments. Borrowers with excellent credit rating can receive interest rates as low as 6.25% fixed rate (7.64% comparison rate*). Loan terms between 1 to 5 years.
Enjoy flexibility with the ability to make additional repayments. Borrowers with excellent credit rating can receive interest rates as low as 6.25% fixed rate (7.64% comparison rate*). Loan terms between 1 to 5 years.
Read our Mozo Review to learn more about the MoneyMe Personal Loan
Excellent Credit, Fixed
Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 6.99% would cost $11,114.11 including fees.
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.
Read our Mozo Review to learn more about the SocietyOne Unsecured Personal Loan
Variable, Unsecured
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.
Get a personalised rate quote in just 2 minutes, apply in just 7 minutes. Money transferred to your account the next business day. No exit or early repayment fees. Borrow up to $50,000.
Get a personalised rate quote in just 2 minutes, apply in just 7 minutes. Money transferred to your account the next business day. No exit or early repayment fees. Borrow up to $50,000.
Read our Mozo Review to learn more about the Symple Loans Personal Loan
Fixed
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,405.64 including fees.
Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $63,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!
Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $63,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!
Read our Mozo Review to learn more about the Wisr Unsecured Personal Loan
Fixed
Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,208.67 including fees.
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'll likely qualify.
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'll likely qualify.
Read our Mozo Review to learn more about the Harmoney Unsecured Personal Loan
Fixed, Unsecured
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.69% would cost $41,270.45 including fees.
Get same day approval on flexible personal loans from $5,000 to $55,000 on 1-7 year loan terms with NAB. Enjoy no fees for extra early repayments and get funds in your account fast. To be eligible you must be over 18 and be an Australian resident.
Get same day approval on flexible personal loans from $5,000 to $55,000 on 1-7 year loan terms with NAB. Enjoy no fees for extra early repayments and get funds in your account fast. To be eligible you must be over 18 and be an Australian resident.
Read our Mozo Review to learn more about the NAB Personal Loan
Fixed
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.39% would cost $37,881.66 including fees.
No account keeping fees. Apply online and get a fast decision, normally within 24 hours. Winner of Mozo's Experts Choice Award for Australia's Best Large Credit Union 2020.
No account keeping fees. Apply online and get a fast decision, normally within 24 hours. Winner of Mozo's Experts Choice Award for Australia's Best Large Credit Union 2020.
Read our Mozo Review to learn more about the CUA Unsecured Personal Loan
Excellent Credit
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.29% would cost $35,192.28 including fees.
OurMoneyMarket offer competitive low rates on loans up to $50,000, plus free extra repayments and fee-free redraw facility. Winner of Mozo's Experts Choice Unsecured Personal Loan 2021 award.
OurMoneyMarket offer competitive low rates on loans up to $50,000, plus free extra repayments and fee-free redraw facility. Winner of Mozo's Experts Choice Unsecured Personal Loan 2021 award.
Read our Mozo Review to learn more about the OurMoneyMarket Low Rate Personal Loan
Fixed over 5 years
5 year term only. Representative example: a 5 year $30,000 loan at 6.99% would cost $35,633.67 including fees.
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.
Read our Mozo Review to learn more about the SocietyOne Unsecured Personal Loan - Excellent Credit
Unsecured, Fixed, Excellent Credit
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 6.39% would cost $35,126.40 including fees.
With low rates for borrowers with excellent credit, a quick 1 minute rate estimate and simple online application, there’s a lot to love about this loan! You’ll not only benefit from no exit fees, there are also no early repayment fees. To qualify, simply earn above $25,000 and you’ll be on the way to start spending.
With low rates for borrowers with excellent credit, a quick 1 minute rate estimate and simple online application, there’s a lot to love about this loan! You’ll not only benefit from no exit fees, there are also no early repayment fees. To qualify, simply earn above $25,000 and you’ll be on the way to start spending.
Read our Mozo Review to learn more about the Plenti Personal Loan
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 4.45% would cost $33,516.53 including fees.
Pay zero fees on loans up to $100,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your personalised interest rate in two minutes with no impact on your credit score!
Pay zero fees on loans up to $100,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your personalised interest rate in two minutes with no impact on your credit score!
Read our Mozo Review to learn more about the NOW Finance No Fee Secured Personal Loan
^See information about the Mozo Experts Choice Personal loans Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
How much could you save by switching your personal loan? Compare savings from over 200 personal loans. Find out in a few clicks.
Sometimes you just need that little bit of extra help to finally finish that long-planned kitchen renovation or actually take that much needed trip away, which is why a personal loan can be the ideal funding solution to bridge the gap.
Not all personal loans are alike though. With a heap of different loans on offer, not to mention varying rates, fees and features, it makes sense for anyone wanting a personal loan in Perth to weigh up their options before diving into an application.
That’s where Mozo comes in. Our handy comparison tables, calculators and guides are here to help you grab the right loan deal for your own situation and save you money along the way! But if you’re after some more information, read on below for answers to some of the most frequently asked Perth personal loan questions.
Depending on the project you’re wanting to fund, a big or small personal loan could provide a cash injection of anywhere from thousands to tens of thousands of dollars. Typically, borrowers in Perth and Western Australia use personal loans to help fund things like overseas holidays, home renovations, weddings, car purchases and even cosmetic surgery procedures!
Like any type of loan, there are a number of factors that will go into the amount you’ll be able to borrow though. These include:
But just because you have the means to take out a personal loan doesn't mean you should jump at the first option you see. It’s important to seriously weigh up the benefits and drawbacks of a personal loan before you make an application, including your capacity to pay it back and whether or not there are alternative borrowing options for your own situation.
There sure are! Personal loans generally fall into three categories: secured, unsecured and debt consolidation.
Secured Loan: Secured personal loans tend to come with lower interest rates and fees than unsecured loans, but the trade off is that you’ll need to provide some sort of asset in order to secure the loan. This could be something like your car or your house.
Unsecured Loan: On the other hand, unsecured personal loans are more likely to come with higher interest rates but without the need for any security - making them a more attractive option for borrowers without assets.
Debt Consolidation Loan: A bit different from the other two types of personal loan which you’d typically use to fund holidays or some renovations, a debt consolidation loan does just that - it allows you to merge debt from any other personal loans or credit cards you may have into the one loan, with a better rate to boot!
While each of the above will appeal to different types of personal loan borrowers in Perth, one thing that’s always worth comparing, no matter which type of loan you need, is the interest rate.
Here’s an example using the Mozo personal loan comparison calculator which demonstrates just how much money you could save by comparing personal loans with different rates:
Pete and Laura have been saving up for a major kitchen renovation on their home in Fremantle, but have decided that they need a bit of extra help in terms of funding. Because the couple are able to secure their home against the loan, they’re looking at taking out a secured personal loan for their home renovation to the tune of $20,000.
If the couple decided to opt for a personal loan with a typical interest rate of 8.50% over a four year term, they would need to make monthly of $493 and would end up paying $3,662 in total interest over that period.
However, if they opted for a personal loan with a lower rate of 6.00% instead, they would need to make monthly payments of $470 and would end up paying $2,546 in total interest - a considerable $1,116 less!
Whether you’re looking for a personal loan deal in Perth, Sydney or even Melbourne, aside from the interest rate itself, there are a number of other features that are worth comparing before you lock down a loan deal.
While there are fee-free offerings on the market, it’s not uncommon for a personal loan to come with a number of fees attached. Like the interest rate, comparing loans and looking for low fee options is always a good idea to help cut down the amount you pay.
Upfront fees: An upfront fee is the fee charged (you guessed it) when you apply for the loan. These generally range between $0 and $500 depending on the loan.
Ongoing fees: An ongoing fee is essentially a service fee, usually charged on a monthly basis, and typically ranging from $0 to $10. While this may seem a small amount compared to a monthly fee, they can add up quickly over the life of a loan.
Late payment fees: These are charged in the event that you don’t make a repayment by the due date, and are generally a flat fee of around $30.
Early repayment fee: Also known as a break cost fee, this is a cost you may be charged if you choose to pay off your loan early - although not all personal loan lenders will charge a fee in this case.
Another consideration to make when choosing a loan is the type of interest rate.
Fixed rate: The interest rate on a fixed personal loan will stay the same for the life of the loan, making it a good option for any borrowers looking for stability and certainty with their regular repayments.
Variable rate: On the flip side, variable rate personal loans can move up or down at any time. This can be great if you end up paying a lower rate than you started with, but if rates move up you should be prepared for a greater hit on your wallet.
Interested in a bit of flexibility when it comes to paying off your personal loan? Well one of the following repayment features may be worth looking at:
Extra repayments: While a low interest rate and lower fees are useful features to help cut down your overall costs, another way to reduce the amount you pay is by making use of free extra repayments. Many loans will come with the option of making extra repayments, but just watch out for any fees associated with them!
Repayment frequency: Do you get paid on a monthly basis? Then a loan with flexible repayment frequency which can help you line up your repayments with your salary may be your best bet. Typically you’ll be able to choose between weekly, fortnightly or monthly repayment options.
Redraw facility: Say that you do end up making extra repayments on your personal loan, you’ll be able to dip into those extra repayments if your loan comes with a redraw facility.
Generally the period of time you’ll be able to take out a personal loan over stretches between one and seven years. And while it may seem tempting to opt for a loan with a longer term to avoid having to make higher monthly repayments, just bear in mind that the interest you’ll pay is likely to add up over those extra years.
You’re probably already familiar with names like Bankwest and major banks like NAB or ANZ, but when it comes to taking out a personal loan in Perth there are also a heap of others lenders at your disposal. Some of the different types of lenders you’ll be able to choose between include:
Major banks: Like doing your banking with a familiar face? Well good news, because there are plenty of competitive personal loan rates on offer from the major banks including the likes of ANZ, Westpac, NAB and the Commonwealth Bank.
Peer to peer lenders: Because they are run online and source their funding from everyday investors, peer to peer lenders are often able to offer some of the most competitive rates for their personal loans. They also reward borrowers with great credit history, meaning you might be able to snag an even better deal.
Online lenders: If you’d rather find and apply for a personal loan from the comfort of your home, an online personal loan provider may be the match for you. Plus with lower overheads, they are often able to offer great rates for borrowers.
You sure can! Refinancing your personal loan to a deal to a lower rate could be a great way to reduce your monthly repayments and the amount of interest you pay, especially if you still have a few years to run on the loan.
Interested in knowing how much you could be saving? A great place to start is by plugging your current loan amount, monthly repayments, provider, state and type of loan into the Mozo Personal Loan Switch and Save Calculator which will then be able to show you just how much you could save by making the switch to a better value deal.
While personal loans can be one of the best funding options for anything from your dream wedding in Perth to purchasing a new or used car, they’re not always going to be the best value option or most convenient way to pay.
For example, if you’re making extensive renovations to a property in Perth it may be worth considering redrawing any extra payments you’ve made on your home loan or even using your home’s equity to finance the renovations, rather than taking out an entirely new loan. The same goes for smaller purchases, where cash (ideally) or even a credit card may be a more convenient way to pay.
Whether this is the first time you’re applying for a personal loan or the fiftieth (well, probably not that many), there are always steps you can take to improve your chances of approval:
So very helpful and helped me a lot
Read full reviewSo very helpful and helped me a lot
Very easy application process with real, genuine personalised service. Highly recommended,
Read full reviewVery easy application process with real, genuine personalised service. Highly recommended,
I was treated very poorly for a customer of 40 years. Terrible customer relations. Had to stand to speak to a consultant with other customers within a few feet listening to all my private banking details.
Read full reviewI was treated very poorly for a customer of 40 years. Terrible customer relations. Had to stand to speak to a consultant with other customers within a few feet listening to all my private banking details.
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