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Updated 30 September 2026 · 20 lenders

Compare personal loans

Banks and non-bank lenders side by side

To compare personal loans, get a personalised rate from each lender for the same amount and term, then compare the comparison rates, fees and early repayment terms. Most lenders publish a range and set your rate after checking your credit history, so the best personal loan lender is the one that prices your application lowest, bank or non-bank. The table below lists the personal loan lenders we cover with a link to each one's current rates, and a broker can compare the lenders on their panel for you.

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Written by Lisa NguyenReviewed by James Mitchell, Editor-in-ChiefLast reviewed Published

Personal loan lenders compared

Every personal loan lender in our directory, bank and non-bank, and the personal loan products it offers, with a link to its current rates.

Personal loan lenders compared: each lender's type, the products it offers and its current rate
Commonwealth Bank of AustraliaMajor bankProducts:
  • Unsecured
Current rate:
7.25%p.a.
8.30% p.a. comparison rate*
Personal Loan Unsecured · Fixed Rate Personal Loan, unsecured: from rate for excellent credit (rates up to 22.25% p.a.); comparison on a $30,000 loan over 5 years.
Westpac Banking CorporationMajor bankProducts:
  • Unsecured
Current rate:
7.29%p.a.
8.69% p.a. comparison rate*
Unsecured Personal Loan · Unsecured Personal Loan, fixed rate: from rate; the rate offered depends on your credit assessment.
ING AustraliaTier-2 bankProducts:
  • Unsecured
Current rate:
6.19%p.a.
7.03% p.a. comparison rate*
ING Personal Loan · ING Personal Loan, fixed rate, unsecured: from rate for the strongest credit profile (rates up to 19.99% p.a.); comparison on an unsecured $30,000 loan over 5 years.
HarmoneySpecialistProducts:
  • Unsecured
Current rate:
5.94%p.a.
5.94% p.a. comparison rate*
Harmoney Personal Loan (Tier 1) · Unsecured personal loan, fixed rate: from rate for exceptional credit (rates up to 24.03% p.a.); comparison on $30,000 over 5 years.
MoneyMeSpecialistProducts:
  • Unsecured
Current rate:
6.24%p.a.
6.95% p.a. comparison rate*
MoneyMe Personal Loan · Unsecured personal loan, variable rate: from rate for excellent credit history (maximum 26.10% p.a.).
Now FinanceSpecialistProducts:
  • Unsecured
Current rate:
5.95%p.a.
5.95% p.a. comparison rate*
NF Personal Loan (Tier 1) · Unsecured Personal Loan, fixed rate: from rate for excellent credit (rates up to 26.95% p.a.); no establishment, monthly or early repayment fees.
OurMoneyMarketSpecialistProducts:
  • Unsecured
Current rate:
5.95%p.a.
5.95% p.a. comparison rate*
OMM Personal Loan (Tier 1) · Personal loan, fixed rate: from rate for exceptional credit (rates up to 18.99% p.a.); comparison on an unsecured $30,000 loan over 5 years.
PlentiSpecialistProducts:
  • Unsecured
  • Green
Current rate:
5.95%p.a.
5.95% p.a. comparison rate*
Plenti Personal Loan (Tier 1) · Unsecured personal loan: from rate for exceptional credit (rates up to 24.09% p.a.); comparison on $30,000 over 60 months.
Australia and New Zealand Banking GroupMajor bankProducts:
  • Unsecured
Current rate: ANZ rate card (opens in a new tab)
National Australia BankMajor bankProducts:
  • Unsecured
Current rate: NAB rate card (opens in a new tab)
Show all 20 lenders
Personal loan lenders compared, continued
BankSAMajor-bank brandProducts:
  • Unsecured
Current rate: BankSA rate card (opens in a new tab)
IMB BankCustomer-ownedProducts:
  • Unsecured
  • Secured
Current rate: IMB rate card (opens in a new tab)
Newcastle Permanent (Newcastle Greater Mutual Group)Customer-ownedProducts:
  • Secured
  • Unsecured
Current rate: Newcastle Permanent rate card (opens in a new tab)
Teachers Mutual BankCustomer-ownedProducts:
  • Unsecured
  • Debt consolidation
Current rate: Teachers Mutual rate card (opens in a new tab)
Liberty FinancialNon-bankProducts:
  • Secured
  • Unsecured
Current rate: Liberty rate card (opens in a new tab)
Pepper MoneyNon-bankProducts:
  • Unsecured
Current rate: Pepper Money rate card (opens in a new tab)
Latitude Financial ServicesSpecialistProducts:
  • Unsecured
Current rate: Latitude rate card (opens in a new tab)
MoneyPlaceSpecialistProducts:
  • Unsecured
Current rate: Ask a broker
SocietyOneSpecialistProducts:
  • Unsecured
Current rate: Ask a broker
WisrSpecialistProducts:
  • Unsecured
Current rate: Ask a broker

Inclusion is editorial reference, not a recommendation. Rates change often, so we only show a rate we captured from the lender's own page in the last 60 days, with a link to that page; otherwise we link to the lender's rate card where it publishes one. The broker you are matched with compares the lenders on their own panel.

* WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Personal loan comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as the lender states.

Comparison rate warning: personal loan comparison rates are usually calculated on a $30,000 loan over five years. A comparison rate is true only for the example given and may not include all fees and charges; different terms, fees or loan amounts give a different comparison rate.

How to compare personal loans

  1. Get a personalised rate, not the advertised floor

    Personal loan rates are set borrower by borrower. When we checked in September 2026 the major banks published ranges from about 7% to about 22% p.a., and where you land depends on your credit history, income and the loan's purpose. Some lenders, Plenti among them, publish that they can quote a rate without affecting your credit score.

  2. Compare the comparison rate, then the fees it does not settle

    Personal loan comparison rates are usually based on $30,000 over five years and include the interest rate and most fees. Fees still differ between lenders: some charge an establishment fee or a monthly fee and some charge neither, so check the early repayment and late payment fees separately. How comparison rates work.

  3. Fixed or variable

    A fixed rate keeps the repayment the same for the whole term; a variable rate can change. Ask each lender what it costs to repay early under each, because that decides whether extra repayments save you money.

  4. Secured or unsecured

    A secured personal loan uses an asset, usually a car, as security and is usually priced lower; an unsecured loan needs no security. Pepper Money publishes secured personal loans up to $100,000. Secured personal loans.

  5. Loan size and term

    The major banks lend up to about $50,000 to $75,000 unsecured over one to seven years. Borrow what the purpose needs and keep the term short: a longer term lowers the repayment and raises the total interest.

  6. Bank or non-bank lender

    Non-bank lenders apply online and price by credit profile, and some banks price their existing customers differently: NAB, for example, publishes a narrower range for its home loan customers. Compare both kinds of lender on the same amount and term.

How much would a personal loan cost a month?

Monthly principal and interest repayments over 5 years, by loan amount and interest rate
Loan amountMonthly repayment at
8%p.a.12%p.a.16%p.a.20%p.a.
$10,000$203$222$243$265
$20,000$406$445$486$530
$30,000$608$667$730$795
$50,000$1,014$1,112$1,216$1,325

Scroll the table sideways for more rates

Illustrative monthly principal and interest repayments over 5 years, before fees and charges. Rates are examples, not offers; your rate depends on the lender and your circumstances. Your rate depends on your credit history; lenders publish ranges and quote inside them. Run your own numbers.

Personal loan lenders by product type

Which lenders in our directory offer each kind of personal loan. Each lender's page covers its products, eligibility and alternatives.

Green (1)

Debt consolidation (1)

Comparing personal loans: FAQs

Which bank has the lowest interest rate on a personal loan?
None consistently. The major banks’ published personal loan ranges overlapped almost completely when we checked in September 2026, from about 7% to about 22% p.a., and each bank sets your rate inside its range from your credit history. The lowest rate goes to the strongest application, so get personalised quotes for the same amount and term and compare comparison rates.
How much would a $30,000 personal loan cost a month?
Over five years, about $608 a month at 8% p.a., $667 at 12% and $730 at 16%, before fees. At 12% that adds up to about $10,040 of interest over the five years; over three years the repayment rises to about $996 a month and the interest falls.
How much is a $20,000 loan for 5 years?
About $406 a month at 8% p.a., $445 at 12% and $486 at 16%, before fees. The total interest at 12% is about $6,693.
Who are the best personal loan lenders?
The best lender for you is the one that offers the lowest comparison rate for your amount and term, with fees and early repayment terms that suit how you will repay. Banks and non-bank lenders both publish ranges and quote inside them, so the answer depends on your credit history rather than the lender’s name. Get two or three personalised quotes, ideally ones that do not affect your credit score, before you apply.
Can I get a personal loan from a non-bank lender?
Yes. Non-bank lenders offering personal loans include Plenti, Harmoney, Wisr, MoneyMe, SocietyOne, NOW Finance and Latitude, and Pepper Money offers personal loans provided by NOW Finance. A personal loan to an individual is regulated under the National Credit Code whether or not the lender is a bank. The lender directory lists them with their products.
Does comparing personal loans affect my credit score?
Getting a quote does not have to: some lenders publish that their quote does not affect your credit score. A full application usually adds a credit enquiry to your credit file, which is why it pays to compare quotes before you apply rather than applying to several lenders.

Related guides

Personal loans
Rates, types and how to apply
Personal loan calculator
Repayments and total interest
Unsecured personal loans
No security needed
Secured personal loans
Lower rates with security
Debt consolidation loans
When consolidating saves money
Bad credit personal loans
Lenders that consider a credit history

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