Personal loans, clearly explained
Secured, unsecured, debt consolidation, weddings, travel, medical, and home renovation. The right product depends on the purpose, the term, and how aggressively you can amortise.
Quick repayment estimate
Move the sliders to see how rate, term, and amount move the monthly figure. Hypothetical: this is not a quote.
Rates last updated: 21 February 2026. Not all products from all lenders are available.
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. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.
Personal loans, by what the money is for
A debt consolidation loan needs an aggressive amortisation schedule. A renovation loan can sit longer with the equity working in your favour. A wedding loan should be paid off before the next big purchase. Match the term to the purpose, not to the marketing.
Debt Consolidation
Roll multiple debts into one repayment, where the maths supports it. We walk through when consolidation pays and when it just changes the form of the debt.
- Combine multiple debts
- Lower interest rates
- One simple repayment
Wedding Loans
Finance your dream wedding without draining your savings. Flexible terms and competitive rates for every style of celebration.
- $5K to $75K available
- Fixed rate options
- No early repayment fees
Holiday Loans
Turn your travel bucket list into reality with affordable finance. From weekend getaways to once-in-a-lifetime overseas adventures.
- Quick approval
- Flexible terms
- Competitive rates
Medical Loans
Access the healthcare you need now, without waiting. Finance dental work, elective surgery, IVF, and other medical procedures.
- Dental & orthodontics
- Elective surgery
- IVF financing
Renovation Loans
Transform your home and add value to your property. Fund kitchen upgrades, bathroom renovations, extensions, and more.
- Home improvements
- Add property value
- Flexible amounts
Bad Credit Loans
Past credit issues don't have to hold you back. Broker partners work with specialist lenders who consider your full story, not just your credit score.
- Second chance finance
- Specialist lenders
- Rebuild your credit
Secured Personal Loans
Use an asset as security to access lower interest rates. Cars, boats, term deposits, and other assets accepted.
- Lower rates
- Higher borrowing limits
- Flexible security options
Unsecured Personal Loans
Borrow without putting up an asset as security. Faster approvals and no risk to your personal property.
- No security needed
- Fast approval
- Flexible use of funds
Personal loans, with the comparison rate read properly
The personal loan market trades on headline rates that look competitive next to a 6-year benchmark and disappoint at your actual term. The comparison rate is the only honest read on the price; once fees are amortised across your specific structure it can move materially. A broker prices your application against a panel of more than 50 Australian personal-loan lenders, with secured and unsecured options, and an initial assessment that does not put a credit-bureau enquiry on your file. Lender pays commission on settlement; full disclosure in the Credit Guide.
Same-Day Approval
Many of our personal loan applications are approved within hours, not days. Get your funds fast when you need them most.
50+ Lender Panel
Brokers in the partner network compare personal loans from over 50 banks, credit unions, and specialist lenders to find you the most competitive deal.
Transparent Rates
No hidden fees or surprises. We explain the full cost of your loan upfront, including comparison rates and all charges.
Expert Brokers
Our experienced personal loan specialists guide you through every option and handle the paperwork from start to finish.
Find a Broker
- 50+ Australian personal-loan lenders on the panel
- $2,000 to $75,000 across most structures
- Same-business-day conditional decision typical
- Initial assessment is rate-card driven; no credit-bureau enquiry until you apply
- No fee to the borrower; lender pays commission on settlement
What readers say about the personal loan guides
A small sample of feedback from readers who have worked through the personal loan content. Edited for length.
Consolidated $45,000 in credit card debt into one personal loan at half the interest rate. Saving over $600 a month now. Absolute lifesaver.
Got approved for a wedding loan in under 24 hours. The whole process was seamless and the rate was better than what my bank offered. Highly recommend.
Had a bad credit history from years ago but The broker match found me a lender who looked at my current situation. Finally got the fresh start I needed.
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. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.
Personal Loan FAQs
What is a personal loan and how does it work?
How much can I borrow with a personal loan?
What interest rate will I get on a personal loan?
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Will applying for a personal loan affect my credit score?
Can I repay my personal loan early?
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