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 our Mozo Review to learn more about the NOW Finance Unsecured Personal Loan
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 our Mozo Review to learn more about the Harmoney Unsecured Personal Loan
Your selected personal loans
Secured
Access fast finance on loans from $5,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 24-48 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.
Repayment terms from 2 years to 4 years. Representative example: a 3 year $10,000 loan at 14.95% would cost $14,324.71 including fees.
Read our Mozo Review to learn more about the Jacaranda Finance Express Personal Loan
Your selected personal loans
Excellent Credit
Competitive low rates for borrowers with excellent credit on 1-7 year loans from $2,001 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 our Mozo Review to learn more about the OurMoneyMarket Low Rate Personal Loan
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
^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.
Save with deals from the following well-known brands and many more...
See more personal loan providersIf you’re looking to borrow money for something personal like purchasing a new car, a home renovation project or a once-in-a-lifetime holiday – then a personal loan might be an option worth considering for you.
If you’re based in Sydney, we’re here to help you through the ins and outs of personal loans.
A personal loan lets you borrow a lump sum of money and then pay it back (plus interest) over a set period of typically 1-7 years. Personal loan repayments are typically paid monthly. However, this will depend on your specific loan and loan amount.
Personal loans are generally for amounts smaller than a home loan and can be useful for lump sums between $2,000 and $100,000, which are too big to put on a credit card.
Most personal loans are available Australia-wide, including in Sydney and across NSW. However, to find Sydney loans, you can search Mozo’s personal loan database and limit your location to NSW.
There’s no shortage of things you can do with a personal loan in Sydney. Some of the most common uses are:.
Debt consolidation: With Sydney being one of the most expensive cities in the country, it’s unsurprising for many Sydney-based Aussies to carry debt. A debt consolidation loan can be used to merge various debts (from credit cards, stores, existing loans and more) into one manageable loan.
Holiday loans: Australians love to travel, and a holiday loan can be used to take you from Sydney to your dream holiday destination.
Home renovation loans: Property in Sydney is a hot market, so it’s no surprise that people love to add value to their homes with the help of a home renovation loan – whether for their enjoyment or to give them an edge in the market.
Medical loans: While we do have public healthcare in Australia, specialist care can be quite expensive - even more so in major cities like Sydney. Medical loans are quite commonly used to pay for these services, as well as cosmetic surgery loans for specialist care.
Car loans: Sydney’s sprawled-out nature, hilly terrain and unpredictable public transport make personal vehicles very popular. Car loans are extremely common in Sydney, along with motorcycle loans.
Special occasions: A Sydney wedding can be a major affair, racking up a major price tag! Personal loans are often used on all sorts of special occasions, from weddings to funerals to extravagant engagements.
As the largest city in Australia in terms of population, you can get loans in Sydney from almost all lenders. That means whether you’re looking to borrow a large or small amount in Sydney, most lenders should be able to get you sorted with the right loan for you.
This means you’ll be able to access lenders from major banks along with peer-to-peer lenders and specialist financiers. Peer-to-peer lending tends to be quicker for approval than going via a bank if you’re looking for quick loans in Sydney, but this all depends on your personal circumstances and how much you are looking to borrow.
Work out how much you can afford to borrow with our personal loans repayment calculator, and then check our personal loans database for all the loans that might be appropriate.
There are generally three main parts to consider in a personal loan: the interest rate, the fees and the loan features. We’ll go into each one in a little more detail here:
TOP COMPARISON TIP: When comparing personal loans, if you want to check how much a personal loan charges in fees, be sure to check the loan’s ‘comparison rate’. The comparison rate takes the interest rate plus any fees – giving you the true cost of the loan.
One of the big decisions to make when taking out a personal loan is whether you want a fixed or variable interest rate. Fixed rates are generally higher than variable rates because the lender is affording you the certainty of knowing exactly how much interest you’ll pay over the life of the loan.
While you can usually snag a lower variable interest rate, there is the chance that it could increase - if funding costs go up, for example - at some point during your loan term, meaning your personal loan ends up costing you more than first anticipated. There are pros and cons to both options – it all depends on which option if best for your individual financial situation.
That’s the million-dollar question because your repayments will depend on your interest rate, loan term and repayment frequency.
Luckily for you, Mozo’s personal loan repayments calculator can give you a good idea of whether or not you’ll be able to meet your weekly, fortnightly or monthly repayments based on the loan amount, term and interest rate you’re able to secure. Here’s how it works.
SCENARIO:
Sally is looking to escape Sydney for a few months and is setting off to Southeast Asia for a few relaxing weeks away. The trip will cost her $2,500.
After some research into the market, Sally has found a personal loan with an advertised interest rate of 8.50% p.a. that she plans on paying for three years. Using our personal loan repayments calculator.
Sally finds out she’ll have to pay $79 a month in repayments, amounting to $341 in interest over the three years.
Yes, personal loans can be used for renovations or property upgrades like landscaping, painting, or even updating a 70s Sydney kitchen. If you’ve already got a home loan, however, you might want to consider refinancing as a finance option, especially if you are looking to borrow a large amount.
In fact, if that’s the reason you’re in the market for some finance, why not read up on all things home renovation loans using our fact-filled guide.
If you live in Sydney (or anywhere in Australia, for that matter), you’ll generally have a lot of choice in terms of personal loan options. Personal loan lenders typically fall into three main categories:
Unfortunately, there is no surefire way to be certain a personal loan provider will give your application the all-clear once you hit send. But in saying that, there are a few steps to take beforehand to help give you the best possible chance of securing your funds quickly.
Applying for personal loans nowadays can be fairly quick and easy. While you can choose to visit a local Sydney branch of your chosen bank, you’ve also got the option of doing your application online. If you’re opting for a peer-to-peer lender, you’ll generally only be able to submit your application online as they generally don’t have physical branches around Sydney like other banks.
When you apply for any loan, you’ll generally need to provide the following info:
Personal loan providers operate all over the country, so no matter where you live, you should have access to a personal loan lender to help fund any upcoming expenses (so long as you’re eligible).
Here at Mozo, we compare loans all around Australia, but if you want to do a city-based search, you can also check out our Melbourne and Perth loan pages.
Poor customer service. Not clear with fees. Increased fees. Not flexible with repayments.
Read full reviewPoor customer service. Not clear with fees. Increased fees. Not flexible with repayments.
I have been with defence bank for quite a few years and I really enjoy them
Read full reviewI have been with defence bank for quite a few years and I really enjoy them
Commbank has a great reputation, good customer service and app is excellent, very convenient experience.
Read full reviewCommbank has a great reputation, good customer service and app is excellent, very convenient experience.
If you’ve got multiple debts and are struggling to keep up, a debt consolidation loan can seem like a lifeline. Rolling all your debts into one can streamline your repayments and potentially reduce...
If you’re thinking about getting a personal loan, chances are that you’ve come across “secured” and “unsecured” loans, but maybe you weren’t exactly sure what the difference between the two loan ty...
With sustainability at the top of mind for many Australians, getting a green loan can be a way to make costly lifestyle changes without blowing the bank.
Wouldn’t it be nice if things were all just a little bit easier? When it comes to personal loans, we sure think so.
When we talk about loans, we spend a lot of time talking about what sets them apart or why you might want to go with one over another. What we don’t tend to talk about as much is why you might choo...
If you’re earning a lower income, a personal loan might not feel like a possibility. However, income is just one of many tools used to calculate whether or not you can get a loan. At Mozo, we’re he...
The freedom of working for yourself also comes with a lot of hard work, especially when it comes to sorting out your finances.
We get it. Personal loan eligibility criteria aren't always so clear cut. So, before you even consider applying for a personal loan, it's super important to shop around and compare your options unt...
Understanding credit and all of its terms can be confusing, especially when they all sound so similar. Terms like credit score, credit file and credit history are all as equally important to unders...
More personal loan guides
Got a short-term home reno project in the works? Whether you’re redoing the tiles in the bathroom or upgrading your kitchen benchtop, a personal loan can be useful for a quick and relatively simple...
Amid the soaring cost of living, a new survey commissioned by bill splitting app KttiPay shows that borrowing money among friends and family is rampant, with one-third of Aussies saying that someon...
It’s no secret that renovating your home has the potential to cost a lot of money. But it doesn’t have to. Contrary to popular belief, it is possible to spruce up your space without spending a fort...
More personal loan news
Your selected personal loans