Recent personal loan reviews
Latitude Car Loan (Under 3 years old, Fixed, Secured) review
Excellent for car/personal loans.
Competitive interest rate if you have excellent credit rating.
Sydney Mutual Bank Personal Loan review
Rates are ok but speed and sense is below average.
Quite clearly cant see beyond the office chair. Applying for a personal loan half the amount of any other loan ever held with them (and clearly can afford it) but because of a few too many enquiries on credit history they take 4 whole days to deny the loan. Very slow and pathetic.
Westpac Personal Loan (Fixed, Unsecured) review
Do your research
When trying to find out information after signing the contract it was extremely hard to find someone to help me. It seemed everyone I spoke to told me they would call me back. It took probably five attempts to get someone to help me or provide the correct information. After I closed my account I found out it stayed open despite owing no money on it, now having put two missed payments on my credit score. I am extremely unimpressed. The bank would also not help extending payments when in hardship. I was told I had to wait until the payment was missed before being able to apply for an extension, therefore affecting my credit rating, rather than trying to help their customers.
ANZ Unsecured Personal Loan (Fixed) review
Simple, easy and functional.
Have had no issues with the loan, have been able to redraw when ever necessary. Being able to use either phone or online banking makes life that bit easier.
St.George Secured Personal Loan (Fixed) review
Good experience with a minimal inconvinience
It’s a bit inconvinient for me as the main branch of St George is only located at Perth City.
ME Personal Loan (Fixed, Unsecured) review
ME Bank is not all about ME
ME Bank for me was an ethical choice with the knowledge that I was getting a good interest rate. I like the idea that ME banks profits go back to help support our super funds. Lovely bank.
ING Personal Loan review
ING is a fantastic bank, simplified my banking!
ING is fantastic. They keep you updated and communicate clearly but don't flood you with emails. They never cold call which is a huge plus and a nice change. Their phone app is great and very easy to use, as is their website. It's safe and secure and I have a lot of different accounts with them that are easy to use and navigate. My online banking is so straight forward and 'tidy'- I love it! The personal loan was just so easy to apply for and manage and the interest rate has been really reasonable. The only downside is that they don't have physical branches which is annoying if you want to deposit money. However, you can deposit cash at an Australia Post into your ING account so it's a good work around. Overall, best bank I have ever been with and I have no intention to change.
ING Unsecured Personal Loan (Fixed) review
Never again with ING.
When I applied for a personal loan I was declined. I called to check and they said something about my credit reporting. I called Equifax and they said my credit reporting is great and nothing is wrong with it. Then I got a copy of my credit file and checked it myself - I never missed a payment in a while plus haven't made any applications in the last two years. I called the bank again and got no answer. Took my money out of this bank and closed my account.
Westpac Personal Loan (Fixed, Unsecured) review
It's just a bank to use for everyday living.
It is just a bank. The one thing I don't like about any bank is they don't look out for their own customers. They're big on getting new customers but once you're with them they don't advise you about any new products that may work better for your needs.
Australian Military Bank Personal Loan review
Perfect
Great deal! It was awesome an experience! I would proudly recommend my provider for everybody who needs some financial help!
ANZ Personal Loan review
Great... when things are going well.
They sent the case straight to a collection agency at the first sign of difficulty repaying. Avoid at all costs.
Commonwealth Bank Unsecured Personal Loan (Variable) review
Better customer service.
Customer service is poor and relationship with customer is not valued.
Westpac Personal Loan review
Broad product availability, less customer focused.
Westpac is the least objectionable of the big 4 banks in terms of ease of service, resolution of issues and accessibility and product availability. I would suggest that if you need to go with a big 4, that they provide the best suite of products and are willing to consider matters with some flexibility to the customer needs. Although there are limited product features and competitiveness in terms of rates, this is made up for with higher convenience and ease of access to a broad range of products.
loans.com.au New Car Loan (Including Demo, Fixed, Secured) review
Wasted my time.
I was told after wasting a fair amount of time completing an online application and liaising with a customer service representative that I was ineligible for a car loan because I’d qualified for JobKeeper. Even though my business had recovered strongly after an initial dip at the beginning of the pandemic. If lenders are going to apply blanket rules such as these, they need to be stated up front. As a self employed small business person, I don’t have this kind of time to waste.
Commonwealth Bank Unsecured Personal Loan (Variable) review
High interest rates, good customer service.
Customer service was great when I needed to contact them about an issue I had with payment. Interest rates being variable are a bit high, but that's the way the loan is. Could shop around for lower rates at another bank. It's Commonwealth, so being a big bank you can trust them.
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Personal loan comparisons on Mozo - rates updated daily
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PromotedLow Rate Personal Loan
- interest rate
- 8.00% p.a.
- comparison rate*
- 8.21% p.a.based on $30,000
over 5 years
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.
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PromotedUnsecured Personal Loan
- interest rate
- 7.65% p.a.to 26.99% p.a.
- comparison rate*
- 7.65% p.a.to 28.6% p.a.based on $30,000
over 5 years
Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.
- Promoted
Personal Loan
- 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
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $35,190.18 including fees.
- Promoted
Unsecured Personal Loan
- 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
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 7.45% would cost $37,300.55 including fees.
- Promoted
Personal Loan
- interest rate
- 7.65% p.a.to 26.99% p.a.
- comparison rate*
- 7.65% p.a.to 26.99% p.a.based on $30,000
over 5 years
Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 7.65% would cost $36,196.75 including fees.
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