Personal loans

Accessing your personal loan through Savvy can help you save hundreds throughout your term. We help you choose from a range of lenders across Australia who offer highly competitive interest rates, flexible repayment options and the freedom to choose your loan, your way. We do the leg work for you, saving you valuable time scouring the internet by presenting you with offers from top personal finance lenders. 

Find your ideal personal loan today by comparing your options with Savvy and get approved within 24 hours.


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site-logos Harmoney Unsecured Personal Loan
rate from
rate from
site-logos 5.35%
over 60 months
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Borrow up to $50,000 with personalised rates and repay over 3 or 5 years loan terms.

site-logos Symple Loans Personal Loan
rate from
rate from
site-logos 5.75%
over 60 months
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Earn up to 50,000 Qantas Points with a more rewarding personal loan from Symple

site-logos SocietyOne Unsecured Personal Loan
rate from
rate from
site-logos 5.95%
fixed up to 19.99% p.a.
fixed up to 20.93% p.a. based on $30,000 over 5 years
over 60 months
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More details

Borrow up to $50,000 with rates between 5.95% p.a. and 14.99% p.a. based on your credit rating.

Savvy provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading your lender’s PDS or offer documentation or seek independent advice. While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Savvy.

Personal loan product features and benefits

Competitive interest rates

With rates as low as 5.35% p.a. (6.14% p.a. comparison), you can save hundreds, if not thousands, on your personal loan over your term.

Borrow up to $50,000

You can borrow as little as $2,000 all the way up to $50,000, making your loan suitable for a wide range of purposes tailored to your needs

Flexible loan terms

You’ll also have the option to dictate the cost of your repayments by selecting a loan term anywhere between one and seven years.

Fast approvals within 24 hours

Once you submit your application, you can receive a response within just 60 seconds and have the money transferred to your account inside 24 hours.

Useful extra features

We can match you with lenders who offer features such as flexible repayment schedules and no early repayment fees to enhance your finance experience.

Fixed or variable rates

You can choose between fixed or variable interest rates on your personal loan, giving you greater freedom of choice over shaping your loan.

Personalised interest rate

Each applicant is given their own unique interest rate for their personal loan based on the loan they’re looking for and their profile as a borrower.

No security needed

Our lending partners offer unsecured personal loans, meaning you won’t have to put forward a valuable asset like your car as collateral for the loan.

Why so many Australians find their personal loan with Savvy

Here’s how you can track down and secure the best personal finance deal with Savvy.

Checklist before applying for your personal loan

Here’s what you’ll need to know about personal loans before you submit your application.

Further frequently asked personal loan questions

Find answers to common personal finance queries below

Should I choose fixed or variable rates for my personal loan?

Both fixed and variable rates come with benefits that might suit your financial needs. Fixed interest rates provide a level of financial certainty when it comes to what you’ll be paying each month for your loan, as this will remain consistent throughout your agreement. It also protects borrowers from potential increases in interest rate, which can occur through market fluctuation and individual lender rate hikes. Variable rates, whilst not offering protection from this, puts borrowers in prime position to benefit from rate decreases and potentially save over their loan term.

It’s best to compare your personal loan options before taking up one.

How do I get a cheap personal loan?

Looking for the lowest possible rates and fees is the best way to go about cutting down on the cost of your loan. In terms of how to achieve this, a good credit score, verifiable past borrowing history and a stable income with decent savings will all contribute to lowering your lender’s perceived risk, which will in turn lead to a lower rate. Aside from this, though, opting for a shorter loan term will raise the cost of your repayments but reduce the interest and fees you’ll pay over the life of the loan.

What’s the difference between secured and unsecured personal loans?

Secured personal loans are those which require you to put forward a valuable asset, such as your car or another vehicle, to act as collateral should you become unable to fulfil your loan obligations. Unsecured loans, on the other hand, sidestep this requirement, giving you more flexibility to use your loan funds (many personal loans are secured by the purchase they’re making). While security tends to lower interest rates, unsecured loans are faster to process due to the lack of requirement to assess the suitability of their security.

What else can I use a personal loan for?

You aren’t limited when it comes to how you can make use of your personal loan funds. In addition to some of the reasons above, you might take a personal loan out to alleviate the financial pressure brought on by unexpected or steep medical expenses. This can also extend to optional procedures such as laser eye surgery, cosmetic surgery or a hair transplant, or even those of your pet. Additionally, you can take out a personal loan if you need to cover expenses related to your studies, such as for textbooks or accommodation. Any of these, and any number of others, can be funded by a personal loan.

Am I able to apply for a personal loan with my partner?

Yes – applying for a personal loan with a co-borrower, otherwise known as a joint personal loan, is a great way to improve your chances of approval. Lenders gain more confidence from multiple income streams, as there are greater safety measures in place should one dry up. As a result, you can obtain a lower interest rate and open yourself up to a greater borrowing capacity if you apply with your partner.

What is a guarantor and how can it help me borrow more?

A guarantor is a third-party individual in a relatively strong financial position, usually a parent or close relation, who essentially agrees to pay off your loan if you become unable to do so. Because of the fact that another layer of security is added to your loan, this is another way of expanding your borrowing power. These are typically more useful for bad credit customers but can also be utilised for younger borrowers with limited or no previous repayment experience. Speak to your lender about a guarantor if you’re looking to add one to your loan.

Can I use a personal loan to pay off another personal loan?

No – while you can use this type of finance to consolidate debts under one loan, you can’t take out one personal loan for the sole purpose of directly paying off another.

What is the comparison rate on a personal loan?

The comparison rate is a figure representing a combination of both your interest rate and the cost of your primary loan fees (primarily application and monthly service fees). This gives you as a borrower a more accurate reading of the amount you’ll be paying for your loan both monthly and on the whole. You can easily substitute your comparison rate into repayment calculations to see what you’re likely to pay each month. However, this figure doesn’t include more conditional fees such as early or late repayment fees.