Personal loans: compare rates and lenders
A personal loan is a lump sum you repay in fixed instalments over one to seven years, either unsecured or secured against an asset such as a car. Lenders price it on your credit history and publish one national range, so NSW borrowers see the same rates as the rest of Australia: on 30 September 2026 the major banks' unsecured rates started between 6.99% and 7.50% p.a. and topped out at about 22% p.a. On a $30,000 loan over five years that is about $598 a month at 7.25% and $833 a month at 22.25%, before fees.
Personal loan rates by lender
Banks and specialist lenders that publish personal loans in Australia. Each prices nationally, so the same rates apply in NSW as in every other state.
| Lender | Products | Current rate |
|---|---|---|
| Commonwealth Bank of AustraliaMajor bank | Products:
| 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. As at 30 Sept 2026 · Source: CommBank rates page (opens in a new tab) |
| Westpac Banking CorporationMajor bank | Products:
| 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. As at 30 Sept 2026 · Source: Westpac rates page (opens in a new tab) |
| ING AustraliaTier-2 bank | Products:
| 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. As at 30 Sept 2026 · Source: ING rates page (opens in a new tab) |
| HarmoneySpecialist | Products:
| 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. As at 30 Sept 2026 · Source: Harmoney rates page (opens in a new tab) |
| MoneyMeSpecialist | Products:
| 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.). As at 30 Sept 2026 · Source: MoneyMe rates page (opens in a new tab) |
| Now FinanceSpecialist | Products:
| 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. As at 30 Sept 2026 · Source: Now Finance rates page (opens in a new tab) |
| OurMoneyMarketSpecialist | Products:
| 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. As at 30 Sept 2026 · Source: OurMoneyMarket rates page (opens in a new tab) |
| PlentiSpecialist | Products:
| 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. As at 30 Sept 2026 · Source: Plenti rates page (opens in a new tab) |
| Australia and New Zealand Banking GroupMajor bank | Products:
| Current rate: ANZ rate card (opens in a new tab) |
| National Australia BankMajor bank | Products:
| Current rate: NAB rate card (opens in a new tab) |
Show all 14 lendersShow fewer lenders
| Lender | Products | Current rate |
|---|---|---|
| BankSAMajor-bank brand | Products:
| Current rate: BankSA rate card (opens in a new tab) |
| IMB BankCustomer-owned | Products:
| Current rate: IMB rate card (opens in a new tab) |
| Newcastle Permanent (Newcastle Greater Mutual Group)Customer-owned | Products:
| Current rate: Newcastle Permanent rate card (opens in a new tab) |
| Teachers Mutual BankCustomer-owned | Products:
| Current rate: Teachers Mutual rate card (opens in a new tab) |
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.
See all 20 personal loan lenders* 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.
Personal loan interest rates at CommBank, Westpac and NAB
The ranges each bank publishes for its unsecured personal loan, with the amounts it lends. Secured car loans are priced lower: CommBank's runs 6.79% to 11.29% p.a. and NAB's 6.74% to 13.54% p.a.
| Lender | Product | Interest rate | Comparison rate | Published terms |
|---|---|---|---|---|
| CommBank | Unsecured fixed | 7.25% to 22.25% p.a. | 8.30% to 23.12% p.a.* | $4,000 to $50,000 over 1 to 7 years; representative rate 16.25% p.a. (17.18% comparison). Source |
| CommBank | Unsecured variable | 6.99% to 21.99% p.a. | 8.04% to 22.87% p.a.* | $4,000 to $50,000 over 1 to 7 years; representative rate 15.99% p.a. (16.93% comparison). Source |
| Westpac | Unsecured fixed | 7.29% to 22.19% p.a. | 8.69% to 23.48% p.a.* | $4,000 to $70,000; median rate 16.99% p.a. (18.31% comparison), which around half of Westpac customers get or beat. Source |
| NAB | Unsecured | 7.50% to 22.00% p.a. | 8.90% to 23.29% p.a.* | $5,000 to $55,000; $15 monthly fee; NAB home loan customers 7.50% to 12.99% p.a. (8.90% to 14.34% comparison). Source |
As published on each lender's own page on 30 September 2026. Rates are personalised on your credit history, so the bottom of each range goes to applicants with excellent credit. *Each lender bases its comparison rate on $30,000 over five years. WARNING: a 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.
What gets you to the bottom of a range is covered in best personal loan rates, and how security changes the price in secured personal loans.
How much would a $30,000 personal loan cost per month?
| Loan amount | Monthly repayment at | |||
|---|---|---|---|---|
| 7.5%p.a. | 12%p.a. | 17%p.a. | 22%p.a. | |
| $5,000 | $100 | $111 | $124 | $138 |
| $10,000 | $200 | $222 | $249 | $276 |
| $20,000 | $401 | $445 | $497 | $552 |
| $30,000 | $601 | $667 | $746 | $829 |
| $50,000 | $1,002 | $1,112 | $1,243 | $1,381 |
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. The four rates span the major banks' published unsecured ranges. Run your own numbers.
A $30,000 loan over five years is about $598 a month at 7.25% p.a. and $833 at 22.25% p.a. CommBank's own example, which includes fees, puts the total repaid at $36,755 to $50,870 across its fixed range. A shorter term costs more each month and less overall: $20,000 over three years is $620 to $766 a month across the same range, against $398 to $555 over five.
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 calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.
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
- One repayment, one rate
- Checks the total cost first
Wedding Loans
What a personal loan for a wedding costs, how joint applications work, and how to borrow only the gap between savings and the budget.
- Joint applications
- Fixed rate options
- Repayments by amount
Holiday and Travel Loans
What a travel loan costs over two or three years, and when saving first is the cheaper answer.
- Short terms
- Fixed repayments
- Cost against a credit card
Medical Loans
Finance dental work, elective surgery, IVF and other treatment, and the cheaper options to check first.
- Dental & orthodontics
- Elective surgery
- IVF financing
Renovation Loans
The limits, terms and fees lenders publish for renovation personal loans, and when using home equity costs less.
- Lender limits compared
- No valuation needed
- Cost against a top-up
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.
- Specialist lenders
- Published rates and security
- Cheaper options first
Secured Personal Loans
Use a car or other asset as security to bring the top of the rate range down and borrow more.
- Lower rate ceilings
- Higher borrowing limits
- Keep using the asset
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 Loan Broker
What a personal loan broker does, when one helps, how brokers are paid and how to check their licence.
- Several lenders, one application
- How brokers are paid
- Licence check on ASIC
Personal loans, with the comparison rate read properly
The personal loan market trades on headline rates, but the rate you are offered is personalised, and the comparison rate, which folds most fees into one figure, is the better read on price. Westpac publishes that around half its customers get its 16.99% p.a. median rate or lower, a long way above its 7.29% p.a. floor.
A personal loan broker gets personalised pricing from several lenders from one set of documents, so you compare real offers instead of applying to lender after lender.
Your Finance Guide is free to use. Licensed brokers who meet our criteria pay Your Finance Guide a partnership fee to receive enquiries from this site. The fee is paid by the broker, not by you, and is not added to your loan. Brokers are usually also paid a commission by the lender when a loan settles. Full details are in our Credit Guide. Read the Credit Guide.
Fast decisions
Many lenders give a conditional answer quickly. CommBank, for example, responds within 60 seconds of an online application.
Several lenders compared
A broker compares banks, customer-owned lenders and specialist lenders on their panel against your file, not just the headline rates.
Comparison rates, not headlines
The guides show each lender's published range and comparison rate, so you can check the full cost before you apply.
Paperwork handled
A licensed broker lodges the application with the lender you choose and deals with the lender until the money is paid.
Get matched with a broker
- A licensed personal loan broker matched to what the loan is for
- Unsecured loans up to $50,000 to $75,000 depending on the lender; more when secured
- Initial assessment is rate-card driven; no credit-bureau enquiry until you apply
- Free to use, with no obligation to proceed
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?
How quickly can I get approved?
Will applying for a personal loan affect my credit score?
Can I repay my personal loan early?
How much would a $30,000 personal loan cost per month?
How much is a $20,000 loan over 5 years?
Which bank gives a personal loan very easily?
Can I borrow $5,000 from Centrelink?
What is the highest loan you can get from Centrelink?
Get matched with a personal loan broker
Tell us what the loan is for and a licensed broker compares personal loans across the lenders on their panel. Free to use, no obligation.