Looking to refinance your personal loan to save money? Compare refinance loans from Australian banks and other lenders with Mozo and see what your new monthly repayments could be if you refinance to a cheaper loan.
Read moreAbsolutely! Essentially, refinancing a personal loan means that you pay off the old loan with funds from a new one - and if you do it right, the new one will suit your lifestyle better by saving you money on interest and fees, allowing you to make lower monthly repayments or giving you a chance to borrow extra funds.
But just how do you refinance your personal loan? The good news is, it’s not as hard as you might think. The first step is knowing what you owe on your current loan and what you’re looking for in your new one - lower repayments? To pay less interest overall? With that done, you can start looking for a new personal loan that suits your needs. And to make it super easy, why not take our personal loan refinance calculator for a whirl.
The features you should search for will depend a lot on what you’re aiming for by refinancing, but generally speaking, you’ll probably be looking for a low interest rate, low or no fees, and some handy features like the option to make free extra repayments. Whatever you're after, get started comparing features for your refinance personal loan like interest rate, fees and repayment options in our table below.
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.
Excellent Credit
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.
OurMoneyMarket offer competitive low rates on loans over $2,000 and up to $50,000, plus free extra repayments and fee-free redraw facility.
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.
Fixed
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.
Low personalised rates, which is great for borrowers with excellent credit. Easy online application, receive a response in minutes!
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% 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 $36,133.67 including fees.
Fixed
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% 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 $36,133.67 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.
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
Terms from 2 to 5 years. Representative example: a 5 year $30,000 loan at 8.99% would cost $37,456.30 including fees.
Fixed
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
Terms from 2 to 5 years. Representative example: a 5 year $30,000 loan at 8.99% would cost $37,456.30 including fees.
If you're after a low cost loan, this could be the one. There's no surprises, just flexible repayment options, a one-off upfront fee and no exit or ongoing fees. You can also have your upfront fee waived just by having an active Everyday Orange account.
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
Terms from 1 to 5 years. Representative example: a 3 year $10,000 loan at 6.79% would cost $11,380.22 including fees.
Variable
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
Terms from 1 to 5 years. Representative example: a 3 year $10,000 loan at 6.79% would cost $11,380.22 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. Winner of a Mozo Experts Choice Award 2019 in the Unsecured Personal Loan category^.
4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
Terms from 1 to 10 years. Representative example: a 3 year $10,000 loan at 4.69% would cost $11,119.49 including fees.
Variable
4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
Terms from 1 to 10 years. Representative example: a 3 year $10,000 loan at 4.69% would cost $11,119.49 including fees.
Low rate of interest on your loan while still earning interest on your term deposit. Ability to redraw additional repayment & Borrow from $5,000 up to $100,000. To be eligible you must be over 18, receiving a regular income and an Australian resident.
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
Terms from 1 to 10 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,738.90 including fees.
over 10k, Fixed, Secured
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
Terms from 1 to 10 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,738.90 including fees.
Discounted Personal Loan with no monthly account fees and no penalties for early repayments. People’s Choice Credit Union lives up to its name time and time again, this year picking up a win in the Mozo People’s Choice Awards for Excellent Customer Service.
7.95% p.a.to 16.95% p.a.
9.56% 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 7.95% would cost $37,729.45 including fees.
Fixed
7.95% p.a.to 16.95% p.a.
9.56% 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 7.95% would cost $37,729.45 including fees.
Use the “Get My Rate” feature on the NOW FINANCE website to lock in an upfront personalised interest rate that won’t affect your credit score. Perfect for loans over $10k and people aged 25 years or older.
7.50% p.a.to 14.99% p.a.
9.51% p.a.to 18.48% p.a.based on $10,000
over 3 years
Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 7.50% would cost $11,534.19 including fees.
Fixed
7.50% p.a.to 14.99% p.a.
9.51% p.a.to 18.48% p.a.based on $10,000
over 3 years
Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 7.50% would cost $11,534.19 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. The monthly repayment amount above does not include the establishment fee and is based only on the advertised interest rate.
11.49% p.a.to 17.40% p.a.
12.57% p.a.to 18.44% p.a.based on $30,000
over 5 years
Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 11.49% would cost $40,492.66 including fees.
Fixed
11.49% p.a.to 17.40% p.a.
12.57% p.a.to 18.44% p.a.based on $30,000
over 5 years
Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 11.49% would cost $40,492.66 including fees.
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% 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.
Fixed
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% 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.
Personalised rates, no hidden fees and the option to redraw any extra repayments, this is a hassle free, high value option. Submit an application in 10 minutes and you're on your way.
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
Terms from 1 to 7 years. Representative example: a 3 year $10,000 loan at 9.99% would cost $11,864.50 including fees.
Fixed
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
Terms from 1 to 7 years. Representative example: a 3 year $10,000 loan at 9.99% would cost $11,864.50 including fees.
An unsecured flexible loan with no ongoing fees, which is available for almost any purpose. Flexible repayment frequency - pay weekly, fortnightly or monthly.
12.69% p.a.to 18.69% p.a.
13.56% p.a.to 19.53% 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.
Variable, Unsecured
12.69% p.a.to 18.69% p.a.
13.56% p.a.to 19.53% 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.
Borrow up to $55,000 for that dream kitchen renovation or holiday of a lifetime and pay no exit fees if you decide to pay out your loan early or make extra repayments. Majority of NAB borrowers will receive the headline rate of 12.69%.
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People's Choice have always been very helpful and approachable. I can not fault their service.
Read full reviewPeople's Choice have always been very helpful and approachable. I can not fault their service.
I am a long time customer. They listen to what I want, answers my questions and consider my circumstances.
Read full reviewI am a long time customer. They listen to what I want, answers my questions and consider my circumstances.
Professional, fast, friendly service.
Read full reviewProfessional, fast, friendly service.
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