Compare flexible personal loans
Personal loans are amongst the most flexible types of financing available to borrowers in Australia. Few loans give you the ability to borrow up to $50,000 to spend how you like over a term which suits your needs. Consider a range of affordable finance deals all in one place when you compare with Savvy.
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Over how long?
|Wisr Unsecured Personal Loan|
Borrow between $5,000 and $64,000 with great low rates for excellent credit. Get a personalised rate estimate in 2 minutes that won't impact your credit score.More details
|Plenti Unsecured Personal Loan (Excellent Credit)|
Apply for an unsecured personal loan and enjoy low rates for excellent credit. With no early repayment or exit fees, there’s a lot to love about this loan.More details
|OurMoneyMarket Unsecured Personal Loan|
Apply for an unsecured personal loan between $2001 to $75,000 for a variety of loan purposes. Get a personalised rate estimate in minutes without impact your credit score.More details
|Harmoney Unsecured Personal Loan|
Borrow up to $70,000 with personalised rates and repay over 3,5 or 7 years loan terms.More details
Disclaimer: A comparison rate indicates the true cost of a loan. The comparison rate displayed for this advertiser is calculated based on a loan amount of $30,000 over 5 years and represents the effective rate on the loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
The features and benefits of a flexible personal loan
Loan amounts are wide-ranging, with sums starting at just $2,000 and stretching all the way up to $75,000, which makes them versatile for many purposes.
You also get to choose whether to save on repayments by stretching it out up to seven years or cut down on overall interest and fees by opting for as few as one.
With fixed fees and no interest rates, borrowers carry a degree of certainty regarding their repayments and can budget effectively around them
On top of your ability to choose the bulk of your loan’s terms, you can do so at affordable rates starting from just 5.35% p.a. (6.14% p.a. comparison)
Most lenders will also enable you to have a say in the frequency at which you contribute to your personal loan: either weekly, fortnightly or monthly payments.
You have the freedom to not stick to a rigid pay schedule, though, and can (in most cases) pay your loan in full before its end date and not incur any fees for doing so.
Some personal loans also come with redraw facilities that enable you to withdraw extra payments made towards your loan, bringing even more flexibility to the loan.
Why Australians compare flexible personal loans with Savvy
What you could use your personal loan for
Consolidating existing debts
One of the most common reasons for taking out a personal loan is to consolidate existing debts under one roof and pay them off in a more manageable manner. This is especially useful when your debts are on different cycles and some (or all) are at particularly high rates, such as credit card debts. Taking out a personal loan to consolidate these can save you a considerable amount overall, so it could be worthwhile for you to do so.