Compare personal loans

Whether you’re looking for a helping hand with renovating your home, consolidating your debt, or planning your next getaway, Savvy is the best place to compare your personal loan options.

You can find the lowest and most competitive interest rates from our panel of lenders, as well as contrasting offers in a variety of areas including fees, loan terms and other flexible additional features to ensure you take out your loan your way. 

We’re here to help you find the most affordable options, so there’s no better way to compare personal loans and rates than right here, all in one place.

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site-logos Harmoney Unsecured Personal Loan
  Advertised
rate from
Comparison
rate from
Monthly
Repayments
 
site-logos 5.35%
fixed
6.14% 
fixed
$570.96
over 60 months
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More details

Borrow up to $50,000 with personalised rates and repay over 3 or 5 years loan terms.

site-logos Symple Loans Personal Loan
  Advertised
rate from
Comparison
rate from
Monthly
Repayments
 
site-logos 5.75%
variable
6.47% 
fixed
$576.50
over 60 months
Go to site
More details

Earn up to 50,000 Qantas Points with a more rewarding personal loan from Symple

site-logos SocietyOne Unsecured Personal Loan
  Advertised
rate from
Comparison
rate from
Monthly
Repayments
 
site-logos 5.95%
fixed up to 19.99% p.a.
5.95% 
fixed up to 20.93% p.a. based on $30,000 over 5 years
$579.29
over 60 months
Go to site
More details

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

The interest and comparison rates displayed above are based on $30,000, five-year unsecured personal loans, which assume applicants have an excellent credit history.

Harmoney customers applying for loans of this amount and length can receive an interest rate between 5.35% p.a. and 19.09% p.a. (6.14% p.a. and 19.99% p.a. comparison rates). Loan terms are offered for lengths of three or five years. A $30,000 personal loan repaid over five years at the minimum 6.14% p.a. comparison rate will cost an estimated $34,916.34, inclusive of all interest and most fees, with monthly repayments of $581.94.

Symple customers applying for loans of this amount and length can receive an interest rate between 5.75% p.a. and 25.99% p.a. (6.47% p.a. and 29.20% p.a. comparison rates). Loan terms are offered for lengths of one to seven years. A $30,000 personal loan repaid over five years at the minimum 6.47% p.a. comparison rate will cost an estimated $35,193.78, inclusive of all interest and most fees, with monthly repayments of $586.56.

SocietyOne customers applying for loans of this amount and length can receive an interest rate between 5.95% p.a. and 19.99% p.a. (5.95% p.a. and 21.70% p.a. comparison rates). Loan terms are offered for lengths of two, three or five years. A $30,000 personal loan repaid over five years at the minimum 5.95% p.a. comparison rate will cost an estimated $34,757.21, inclusive of all interest and most fees, with monthly repayments of $579.29.

Comparison rates are only representative of a loan’s primary fees, such as establishment and ongoing fees, and do not include other costs which can apply depending on the lender and applicant. Different comparison rates can apply to loans of different lengths and those which carry additional or differing fees and features.

Features to compare when choosing your personal loan

Competitive interest rates

See how our lenders stack up against one another when it comes to finance rates, with affordable deals starting from 5.35% p.a. (6.14% p.a. comparison).

How much you can borrow

Our lenders allow you to borrow up to $50,000 for your personal loan, with amounts available from as little as $2,000 to service a variety of needs.

Minimum and maximum loan terms

You can choose the term over which you repay your personal loan, from as short as 12 months all the way up to seven years, to shape the cost of your repayments.

Flexible repayment schedules

Additionally, our lenders offer you the freedom to choose between monthly, fortnightly and weekly repayments to suit your own income schedule.

Free early repayments

We can match you with lenders who enable you to make fee-free extra contributions to your loan and pay it off before your initial end date without incurring any additional charges.

Compare different lenders

You can compare the various fees and charges offered between lenders. You may prefer those who don’t charge ongoing service fees or an initial establishment fee to help you save further on your personal loan.

Security requirements

We compare unsecured personal loans from our lenders, which means you can sidestep the need to put up a valuable asset as collateral for your financing.

Get funded within 24 hours

Get a personalised interest rate and complete our quick quote in a few minutes, receive an instant outcome in 60 seconds and receive your funds within 24 hours.

Why you should compare personal loans with Savvy

Here's why so many Australians choose Savvy when it comes to the personal loan comparison process.

How you should compare personal loans before applying

Take a took at some of the key areas of comparison when it comes to personal loans.

More common questions about comparing personal loans

Find the answers to some of the most frequently asked personal loan comparison questions here

Why is comparing personal loans thoroughly so important?

Comparing different personal loans could be the difference between you spending hundreds of dollars more or saving that money.

It’s also important to be able to weigh up your options in areas aside from simply rates and fees. For example, you may find a loan with a slightly greater interest rate than another but cheaper or no costs associated with repaying it early.

It’s up to you to then determine which of these aspects are more important to you in a loan. Savvy is with you throughout this process to help make your comparison the most accurate it can be.

Can I compare what I’m able to use my personal loan for?

All personal loans can essentially be used for whatever purpose you like. Because they’re designed for private, personal use, there are almost no restrictions on how they can be used. They’re often seen as a great way to consolidate existing debts into one singular loan, making them more manageable each month and ensuring they all come under the one interest rate. Alternatively, many people use them to pay for home improvements, short or longer holidays or simply to pay for their car.

How do I know if I’m eligible for personal financing?

All of our lenders cover essentially the same eligibility criteria when it comes to personal loans.

  • All applicants must be over the age of 18 and a citizen or permanent resident of Australia.
  • They must also hold full-time or permanent part-time employment, earning a minimum of $26,000 annually (which can also come from other streams such as Centrelink payments and investments).
  • You must have a clean credit report when it comes to any previous defaults or bankruptcies.
How do I maximise my personal loan savings in addition to comparing added costs?

Beyond comparing interest and fees, there are a few ways you can look to cut down on the total cost of your personal loan. Choosing a shorter repayment term will mean that you’re paying more per instalment, but it’ll help you reduce the total interest and fees that you pay.

Selecting fortnightly repayments instead of monthly will give you the equivalent of 13 months’ worth of contributions each year, meaning this can also marginally reduce your total bill. Lowering your existing credit limits and paying off existing finance are two ways to increase your credit score, which in turn will decrease your offered rate.

How do I compare my personal loan repayments before applying?

Our rate table at the top of the page provides real-time calculations based on your lender’s advertised rate and your chosen loan amount and term. This gives you a rough idea of the amount you’ll be paying each month, but it’s not 100% accurate.

What are my options for comparing loans if I’m self-employed?

Self-employed workers can still qualify for standard personal loans if you’re able to supply the right documentation. Because payslips aren’t usually possible, lenders will accept the two most recent years’ worth of tax returns. If you don’t have these, though, your options are likely limited to low doc personal loans. These utilise alternative documents, such as profit and loss statements, BAS documents and an income declaration.