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 February 25, 2020

interest rate
comparison rate*
monthly repayment**

I want to borrow

years

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    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.

    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
  • 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
  • mozo-experts-choice-2019

    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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 8.49% p.a.

    9.60% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 8.49% would cost $37,836.08 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
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 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.

      Compare
    Details
  • 9.89% p.a.

    10.14% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.89% would cost $38,322.33 including fees.

      Compare
    Details

Want more personal loan options?

Browse all 223 personal loans in Mozo's comparison database

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*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

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Personal loan resources

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

Personal Loan Reviews

People's Choice Credit Union Unsecured Personal Loan review
Overall 9/10
Highly recommended.

People's Choice have always been very helpful and approachable. I can not fault their service.

Read full review

People's Choice have always been very helpful and approachable. I can not fault their service.

Price
8/10
Features
7/10
Customer service
9/10
Convenience
10/10
Trust
9/10
Less
Stuart, South Australia reviewed 6 days ago
ANZ Personal Loan review
Overall 7/10
Easy to deal with.

I am a long time customer. They listen to what I want, answers my questions and consider my circumstances.

Read full review

I am a long time customer. They listen to what I want, answers my questions and consider my circumstances.

Price
6/10
Features
6/10
Customer service
8/10
Convenience
7/10
Trust
8/10
Less
Fran, Queensland reviewed 6 days ago
Commonwealth Bank Unsecured Personal Loan review
Overall 9/10
Excellent.

Professional, fast, friendly service.

Read full review

Professional, fast, friendly service.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
10/10
Trust
9/10
Less
Robert, Tasmania reviewed 8 days ago

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