Low interest personal loans
Finding a low interest personal loan is a great way to save money across your term, with a minute rate drop potentially saving you hundreds of dollars. However, low interest doesn’t always mean the cheapest, which is why Savvy is such a useful resource for you in the comparison process.
With our lending partners, you can compare and access loans at rates as low as 5.35% p.a. interest (6.14% p.a. comparison rate) for loans up to $50,000. They also offer various other features that can cut down on the cost of your loan like affordable fees and flexible loan terms and repayment options.
Start comparing your low interest options today with Savvy and save money on your personal loan.
Compare low interest personal loans
Get approved for your low interest personal loan and funded within 24 hours. Compare and Save with Savvy.
|Harmoney Unsecured Personal Loan|
Borrow up to $50,000 with personalised rates and repay over 3 or 5 years loan terms.
|Symple Loans Personal Loan|
Earn up to 50,000 Qantas Points with a more rewarding personal loan from Symple
|SocietyOne Unsecured Personal Loan|
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.
The features and benefits of low interest personal loans
Our suite of lenders gives you more options to choose from in the comparison process, with more competition leading to more competitive rates.
You can take out a loan for a variety of different purposes, from as little as $2,000 all the way up to $50,000 with a low interest rate.
As part of your personal loan, you also have a say over the size of your low-interest repayments by selecting a term of between one and seven years.
You’ll be able to choose between fixing your already low rate and leaving it variable to potentially experience even lower rates in time.
With free extra contributions to your loan, you can take advantage of your low rate and save yourself hundreds, if not $1,000 or more, in interest.
Tailor your repayments to your needs by selecting between weekly, fortnightly or monthly instalments for your low-rate personal loan.
Interest rates are different for every applicant, so your lender will set you a rate that reflects you as a borrower and your financial situation.
You’ll receive an instant response within 60 seconds after submitting your initial application, with funds sent to you in as little as one day.
Why Savvy can help you find the lowest personal loan interest rates
How to save on interest on your personal loan
Compare your options
First and foremost, it’s important that you give yourself the best chance of finding the loan with the cheapest interest rate by surveying the personal finance market as thoroughly as possible. We partner with a range of lenders who offer low-rate products to borrowers, but it’s not always as simple as choosing the first good one you see.
Taking the time to contrast the best offers and see how they stack up against one another in terms of the total interest cost is the best way to compare your options when looking for low interest loans.