$15,000 Personal Loans

Compare a range of low-rate personal loan offers from a diverse panel of lenders right here with Savvy.

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, updated on October 4th, 2023       

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The features of $15,000 personal loans

Access competitive interest rates

You can compare a wide range of competitive low-interest loans tailored to your specific borrowing profile.

1 - 7 year flexible long terms

Shape the cost of your repayments by deciding on the term over which you’ll repay your loan, from as little as one year all the way up to seven.

Pay monthly, fortnightly or weekly

On top of this, you’ll get to choose the frequency of the contributions you make, which can be done to fit around your own pay cycle to make your loan more comfortable.

Consolidate debts

Personal loans can be used for just about anything you like but taking one out to cover your outstanding debts and repay them at your pace can help you save money.

No security required

Personal loans are unsecured, meaning that you won’t have to put up any valuable assets to serve as collateral for the loan.

Your credit score is safe

Getting a quote from our lenders won't affect your credit score. 

Types of personal loan

Why compare personal loans through Savvy?

How to save on your $15,000 personal loan

Frequently asked questions about $15,000 personal loans

How quickly can I be approved for my personal loan?

From the point that you submit your initial application, you can receive an instant outcome in just 60 seconds confirming whether you were successful or not.

After this, the rest of your application will take place with your lender and you can receive your $15,000 directly into your bank account in just 24 hours. The entire process is a very fast one, so you can be sure to have whatever expenses you need to pay for covered in no time.

Will my employment affect my application?

Yes – your employment status will have an impact on the amount you’re approved for, your loan term and your interest rate. This is because lenders look for stability of employment as a large part of the personal loan assessment process, as applicants who have this are considered the safest in terms of being able to comfortably repay the loan without any issues. Casual employees, for instance, don’t have the same job security as full-time workers, which will be reflected in the terms that they’re offered.

Am I able to choose between fixed and variable interest?

Yes – our panel of lenders offer a range of different products, including those with both fixed and variable interest rates. Fixed rates are the most commonly occurring when it comes to personal loans and are popular thanks to the stability that they bring and the fact that they’re offered at lower base rates. Variable interest, on the other hand, can be useful if you’re looking to take advantage of an interest rate in decline, potentially saving you a meaningful sum overall.

Am I better off going to my bank for a personal loan?

Probably not – the institution that you bank with is unlikely to be able to offer you the lowest rate on your personal loan, as these are generally reserved for more competitive online lenders like the ones counted amongst our panel. However, even if it did offer you the best loan, you should always compare as many as you can before submitting your application. By blindly trusting the first offer you see, you could be missing out on other great deals.

Should I apply for multiple loans at once to save time?

No – this is a big “do not” when it comes to applying for personal loans. Each time you apply for a personal loan, successful or not, it goes against your credit file. Because each lender will assess your credit file in the financing application process, they’ll be able to see where you’ve applied multiple times in quick succession and may be put off by this. If you’re racking up plenty of rejected applications in a short space of time, it can start to damage your credit rating after a while, so you should be careful with this.

Can I borrow $15,000 if I’m a single parent?

If you’re earning enough to support the payments, yes – single mothers and fathers are still able to access personal loans in the event that they need a helping hand financially. However, the amount you’re ultimately approved for will depend on your disposable income and its stability. If you also have bad credit, you won’t be approved for a $15,000 loan.

Helpful personal loan guides

Still looking for the right personal loan?

Read more about the ways you can use personal loans, as well as how they might work for you, with us.