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.

Read more

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.

Page last updated August 24, 2019

Personal loan comparisons on Mozo - rates updated daily Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Want more? Compare all 210 personal loans in the Mozo comparison engine.

Search now

*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 Awards for Personal Loans

Switch & Save Calculator

How much could you save by switching your personal loan? Compare savings from over 500 personal loans. Find out in a few clicks.

Get started

Advertisement
NEW Mozo Rate Matcher

We can match you to rates that fit.

Personal Loan Resources

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

Personal Loan Reviews

NAB
NAB Personal Loan (Variable, Unsecured) review
Overall
9/10
So far exceptional

My bankers at NAB Capalaba go above and beyond, never going anywhere else.

My bankers at NAB Capalaba go above and beyond, never going anywhere else.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
8/10
Trust
10/10

Taryn | Queensland

reviewed 10 days ago

Westpac
Westpac Personal Loan review
Overall
10/10
An exceptional bank too deal with

I have had two personal loans with Westpac and am extremely satisfied with the product and...

I have had two personal loans with Westpac and am extremely satisfied with the product and service given. On the odd occasion that I have needed a short extension on the due payment date this bank has been very understanding and happy too oblige to my request within a reasonable timeframe. I would strongly recommend this bank to anyone who is in a financial position to obtain a loan. The staff are courteous and professional, a pleasure to deal with.

Price
7/10
Features
-1/10
Customer service
10/10
Convenience
10/10
Trust
10/10

Richard | Victoria

reviewed 5 months ago

Westpac
Westpac Personal Loan review
Overall
2/10
Horrible products but staff are friendly

They sold me a dud insurance and also put me on an extremely high interest rate loan.

They sold me a dud insurance and also put me on an extremely high interest rate loan.

Price
2/10
Features
1/10
Customer service
7/10
Convenience
2/10
Trust
1/10

Dan | Queensland

reviewed 7 months ago

Personal loan guides

Calculators