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.
Search promoted personal loans below or do a full Mozo database search. Advertiser disclosure.
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 up to $50,000, plus free extra repayments and fee-free redraw facility.
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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.
Unsecured, Fixed
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.
Enjoy no-fuss personal loans of up to $30,000 with Alex. No hidden early repayment penalties. Terms from 6 months to 5 years. Convenient and fast 100% online approval. Must be over 18 to be eligible.
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.
Fixed, Unsecured
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.
Enjoy competitive fixed rates from as low as 7.65% for borrowers with good credit. No ongoing, exit or early repayment fees, plus the flexibility to make extra repayments. Borrow from $5,000 to $50,000. Apply online and get a fast response.
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.
Excellent Credit, Fixed
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.
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.
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.
Variable, Unsecured
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.
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.
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.
Fixed
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.
Personalised rates, no hidden fees and the option to redraw any extra repayments. Hassle free loans from $5-$50k on a 3 to 7 year term. Submit an application in 10 minutes and you're on your way. 2019 Mozo Experts Choice Award winner for Unsecured Personal Loans.^
Featured Product
6.95% p.a.to 17.95% p.a.
8.57% p.a.to 19.53% p.a.based on $30,000
over 5 years
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $36,874.71 including fees.
Fixed, $15,000 - $40,000
6.95% p.a.to 17.95% p.a.
8.57% p.a.to 19.53% p.a.based on $30,000
over 5 years
Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $36,874.71 including fees.
Borrow between $15,000-$40,000 unsecured with NOW FINANCE. Single and joint applicant loans available. Get your tailored interest rate in two minutes with no impact on your credit score.
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, 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 $50,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!
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.
Fixed
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.
This big bank loan allows you to borrow up to $50,000 and lock in your rate to help budget for your monthly repayments. And if you ever want a closer look at your repayment details, ANZ Internet Banking helps you manage your loan all in the one place. To be eligible you must earn a minimum of $15,000, be over 18 and be an Australian resident.
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.
Very Good Credit
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.
A simple, low rate online personal loan for any worthwhile purpose. No monthly account fees, no early payout fees, so you can pay it off at any time, at no extra cost. To qualify, simply earn more than $25,000 and have no prior defaults.
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.
Variable, Unsecured
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.
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%.
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.
Fixed
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.
This big bank loan allows you to borrow up to $50,000 and lock in your rate to help budget for your monthly repayments. And if you ever want a closer look at your repayment details, ANZ Internet Banking helps you manage your loan all in the one place. To be eligible you must earn a minimum of $15,000, be over 18 and be an Australian resident.
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.
Fixed
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.
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.
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.
Fixed, Excellent Credit
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.
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^.
Featured Product
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $10,000
over 3 years
Terms from 2 to 7 years. Representative example: a 3 year $10,000 loan at 6.95% would cost $11,107.53 including fees.
Fixed, $5,000 - $15,000
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $10,000
over 3 years
Terms from 2 to 7 years. Representative example: a 3 year $10,000 loan at 6.95% would cost $11,107.53 including fees.
Pay $0 in fees when you borrow between $5,000-$15,000 with NOW FINANCE. No establishment fee, no ongoing fees, and no early payout fee! Get your tailored interest rate in two minutes with no impact on your credit score.
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.
Fixed, Excellent Credit
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.
Enjoy competitively low fixed rates from 7.59% for borrowers with great credit. There are no monthly service or exit fees, plus have the flexibility to make extra repayments. Borrow up to $30,000 with terms from 1-5 years. Apply now for fast online approval.
^See information about the Mozo Experts Choice Personal loans Awards
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Reviews, news, tips and guides to help find the best personal loan for you.
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 reviewWhen 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!
I like this bank. Easy to make payments, great customer service when it comes to handling with complaints or disputes. Been a customer for 9 years. Only bad thing is high interest however my choice to take out a loan was right for me at that time.
Read full reviewI like this bank. Easy to make payments, great customer service when it comes to handling with complaints or disputes. Been a customer for 9 years. Only bad thing is high interest however my choice to take out a loan was right for me at that time.
Pros: Convenient and easy to apply online if you already hold an account. If you miss a payment they send you a text so you don't fall too far behind. Cons: Re-Payment times vary and the re-payments coming out keep very slowly creeping back until it's no longer after pay day but before it. You can message via online means but it's pointless as they will want you to call or pop into a branch.
Read full reviewPros: Convenient and easy to apply online if you already hold an account. If you miss a payment they send you a text so you don't fall too far behind. Cons: Re-Payment times vary and the re-payments coming out keep very slowly creeping back until it's no longer after pay day but before it. You can message via online means but it's pointless as they will want you to call or pop into a branch.
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