Compare Australian Personal Loans

If you’re looking to borrow money for a holiday, home renovation or new car, Mozo’s expert personal loan comparisons help you find the right options and the cheapest rates. Compare 186 loans from 43 lenders to find the right personal loan for your needs.

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Where do I find the best personal loan rates?

While the big banks are still popular options for personal loans, Aussie borrowers are increasingly turning to online lenders for their low rates and fast turnaround times. Many lenders now offer tailored personal loan rates based on your credit history, so borrowers with excellent credit records can generally access the best personal loan rates on the market.

How do I apply for a personal loan?

Applying for a personal loan online is a relatively quick and easy process, with some lenders even guaranteeing a response within 60 seconds. You'll need to supply identification, address details and income and employment, so make sure you have all of this information to hand when applying.

How long will it take for my loan to be approved?

Once your application has been approved, the funds will generally be available to you in as little as one to two days. Some lenders are even willing to go a step further and deliver the funds to your account in just hours, assuming you meet their criteria.

Personal loan comparisons on Mozo - page last updated September 29, 2020

Search promoted personal loans below or do a full Mozo database search. Advertiser disclosure.

I want to borrow

years

  • 8.00% p.a.

    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.

      Compare
    Details
  • 5.75% p.a.to 21.99% p.a.

    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.

      Compare
    Details
  • Hot DealZERO Upfront fee until 30th September 2020^

    6.95% p.a.to 19.99% p.a.

    6.95% p.a.to 19.99% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $35,599.71 including fees.

      Compare
    Details
  • 7.59% p.a.to 8.89% p.a.

    12.24% p.a.to 13.91% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 7.59% would cost $36,844.34 including fees.

      Compare
    Details
  • 7.65% p.a.to 26.99% p.a.

    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.

      Compare
    Details
  • 7.95% p.a.to 19.45% p.a.

    8.78% p.a.to 20.4% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 7.95% would cost $37,049.45 including fees.

      Compare
    Details
  • 6.99% p.a.to 9.49% p.a.

    6.99% p.a.to 12.2% p.a.based on $10,000
    over 3 years

    Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 6.99% would cost $11,114.11 including fees.

      Compare
    Details
  • mozo-experts-choice-2019

    7.65% p.a.to 26.99% p.a.

    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.

      Compare
    Details
  • mozo-experts-choice-2019

    6.49% p.a.to 8.79% p.a.

    7.84% p.a.to 9.36% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,459.64 including fees.

      Compare
    Details
  • 6.99% p.a.to 25.69% p.a.

    7.79% p.a.to 26.65% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,208.67 including fees.

      Compare
    Details
  • 12.69% p.a.to 18.99% p.a.

    13.56% p.a.to 19.83% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.69% would cost $41,420.45 including fees.

      Compare
    Details
  • 12.45% p.a.

    13.32% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.45% would cost $41,200.53 including fees.

      Compare
    Details
  • 9.35% p.a.

    9.67% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.35% would cost $37,896.54 including fees.

      Compare
    Details

*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. WARNING: 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.

**Representative example figures and monthly repayment figures are estimates only, based on the advertised rate, mandatory fees, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^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.

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Personal loan resources

Reviews, news, tips and guides to help find the best personal loan for you.

Personal Loan Reviews

Commonwealth Bank Personal Loan review
Overall 3/10
Bad customer service

I have been a customer for over 30 years. Recently I wanted my pay out figure for my personal loan. I spent 6 hours on hold in total over 2 days as I gave up and hang up day 1 in frustration. I know we are in covid times but seriously 6 hours! While on hold I signed up to a different bank. Wasn't happy at all.

Read full review

I have been a customer for over 30 years. Recently I wanted my pay out figure for my personal loan. I spent 6 hours on hold in total over 2 days as I gave up and hang up day 1 in frustration. I know we are in covid times but seriously 6 hours! While on hold I signed up to a different bank. Wasn't happy at all.

Price
5/10
Features
5/10
Customer service
1/10
Convenience
2/10
Trust
1/10
Less
Lisa, Victoria reviewed about 9 hours ago
ANZ Unsecured Personal Loan review
Overall 1/10
Useless.

900 credit score and ~20k in savings. I applied for my first loan with this company. It's been 2 weeks and I have yet to receive a response from the assessment team yet. When my friend applied with CNA it was done in 2 days. Don’t bother here.

Read full review

900 credit score and ~20k in savings. I applied for my first loan with this company. It's been 2 weeks and I have yet to receive a response from the assessment team yet. When my friend applied with CNA it was done in 2 days. Don’t bother here.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Alex, New South Wales reviewed about 9 hours ago
Commonwealth Bank Personal Loan review
Overall 1/10
Banks don't want to know you when you are a senior

When our home loan of 25 years was finished, we still had $50,000 in home equity saved. We had our car loan on there which still had a balance of $11,000 to go. Unfortunately the bank wanted the balance paid in full and then we had no equity to use, when home loan was finalised. We couldn't even get any other loan to use as equity for any repairs on our home in the future. As seniors/pensioners, the bank didn't want to know us and they admitted that they do not loan to pensioners anymore. We have always had a great credit rating but that doesn't even mean anything to the banks these days!

Read full review

When our home loan of 25 years was finished, we still had $50,000 in home equity saved. We had our car loan on there which still had a balance of $11,000 to go. Unfortunately the bank wanted the balance paid in full and then we had no equity to use, when home loan was finalised. We couldn't even get any other loan to use as equity for any repairs on our home in the future. As seniors/pensioners, the bank didn't want to know us and they admitted that they do not loan to pensioners anymore. We have always had a great credit rating but that doesn't even mean anything to the banks these days!

Trust
1/10
Less
Lorraine, New South Wales reviewed 3 days ago

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