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.

Personal loan comparisons on Mozo  - page last updated November 17, 2019

interest rate
comparison rate*
monthly repayment**

I want to borrow

years

  • Sponsored Deal

    5.75% p.a.to 19.99% p.a.

    6.89% p.a.to 23.07% p.a.based on $30,000
    over 5 years

    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-2018

    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
  • 6.89% p.a.

    8.89% p.a.based on $10,000
    over 3 years

    Terms from 1 to 5 years. Representative example: a 3 year $10,000 loan at 6.89% would cost $11,396.66 including fees.

      Compare
    Details
  • Hot DealCalculate Your Loan Repayments & Apply and See How Much You Could Save

    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
  • mozo-experts-choice-2018

    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
  • 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
  • 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 $41,500.53 including fees.

      Compare
    Details
  • 8.95% p.a.to 16.95% p.a.

    10.56% 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 8.95% would cost $38,596.37 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
  • 9.54% p.a.

    9.83% p.a.based on $30,000
    over 5 years

    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 9.54% would cost $38,038.55 including fees.

      Compare
    Details
  • 12.74% p.a.

    13.81% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.74% would cost $41,631.36 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
  • 5.75% p.a.to 19.99% p.a.

    6.89% p.a.to 23.07% 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 $35,490.18 including fees.

      Compare
    Details
  • 12.99% p.a.to 18.90% p.a.

    14.06% p.a.to 19.93% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.99% would cost $41,861.32 including fees.

      Compare
    Details

Want more personal loan options?

Browse all 217 personal loans in Mozo's comparison database

Your selected home loans

*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 200 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

Westpac
Westpac Personal Loan review
Overall
7/10
Fast.

Fast and easy application process and because I am an existing customer the money was in my...

Fast and easy application process and because I am an existing customer the money was in my account within 2 hours of my online application.

Price
7/10
Features
2/10
Customer service
4/10
Convenience
10/10
Trust
10/10

Elizabeth | Queensland

reviewed 3 days ago

Commonwealth Bank
Commonwealth Bank Personal Loan review
Overall
8/10
Easy managing through the app and has redraw.

I would recommend if there is a promotion as you can get extra benefits like lower interest or...

I would recommend if there is a promotion as you can get extra benefits like lower interest or cashback. Best feature is the redraw facility - you can pay off sooner but leave a little owing so you sort of have a line of credit until the loan finishes. Application was very easy just through the app.

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

Maria | Western Australia

reviewed 3 days ago

Adelaide Bank
Adelaide Bank Personal Loan review
Overall
8/10
Pretty good.

All good.

All good.

Price
8/10
Features
7/10
Customer service
9/10
Convenience
8/10
Trust
8/10

Mark | Queensland

reviewed 4 days ago

Personal loan guides

Calculators