Personal Loans Perth

Living in Perth? Find the best personal loans available to you by comparing offers right here with Savvy.

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, updated on October 4th, 2023       

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The features and benefits of personal loans for Perth borrowers

Compare rates and save

With our lenders offering some of the best personal loan rates in Perth from the outset, you can secure a good deal and potentially save across your loan.

Borrow up to $75,000

Personal loans can be useful for financial commitments of any shape or size, with potential amounts ranging from $2,000 all the way up to $75,000.

Repay over one to seven years

You’re also afforded the freedom to choose the period over which you’ll repay your loan, with the ability to tailor it to your own income requirements.

Choose your schedule

Not only are you able to select whether to contribute instalments monthly, fortnightly or weekly, but you can pay above and beyond the minimum free of charge with many lenders.

No-fee options

We can connect you to lenders who offer low- or no-fee personal loans, which will help you save a considerable amount on your finance deal overall.

No upfront payment

There’s no requirement for you to make a deposit or pay any significant fees upfront on your personal loan; all of these are built into your regular repayments, with no deposit necessary.

Types of personal loan

Why compare personal loans through Savvy?

Top tips for comparing personal loans in Perth

Frequently asked personal loan questions

Can I choose a lender outside of Perth?

Yes – all of our partnered lenders are accessible online, meaning you can find a loan for whatever you need in Albany, Geraldton, Mandurah or even further out in Coolgardie or Laverton. As long as you have access to the internet, you can be sure that you’ll be able to find a personal loan to suit your profile, no matter where you live.

Do I have to purchase items with personal loans in Western Australia?

No – once you’re approved for a personal loan, you’re free to make use of the money however you like; you’re not limited to making purchases within WA. The beauty of personal loans is that you aren’t restricted in the way that you can utilise your approved funds: consolidate debts, pay for home improvements, fund your next holiday or just about anything else. Because your loan is unsecured, you won’t need to dedicate the funds towards the purchase of the secured asset.

Am I eligible for a personal loan if I’m self-employed?

Yes – self-employed workers are eligible to take out a personal loan in the same way that any other PAYG worker would be. As they can’t provide payslips, you’ll be required to submit the last two years’ worth of tax returns in their place. If you can do this, you’ll be able to proceed with your application as normal and take out a personal loan from a competitive rate. If not, you may need to turn to a low doc personal loan.

How much will I be approved for?

The amount you’re ultimately approved for will be dependant on a variety of different factors specific to your profile as a borrower. Your credit score, employment and income stability and any past record repaying personal loans will be considered when lenders determine your interest rate and borrowing power. Above all else, your lender wants to see in your application that you’re comfortably able to service the loan on top of your other expenses.

Will my personal loan have a fixed interest rate?

In most cases, yes – fixed rates are the most common type of interest available when it comes to personal loans, which lock your rate in at the beginning and hold it in place throughout your loan term. One of the key advantages to this is the more accurate budgeting that can take place around your repayments.

However, we also compare lenders who offer variable rates, which leave your interest open to fluctuation across your loan. These rates start from higher base rates initially and can leave you vulnerable to rate rises, but borrowers are well-placed to take advantages of drops in equal measure.

Can I apply for a personal loan with my partner?

Yes – submitting a joint personal loan application is a great way to maximise your borrowing power and lower your interest rate if you’re looking to take on shared financial responsibility together. This can also be beneficial if one or both of you have had less experience borrowing in the past but are still capable of comfortably taking on and repaying a loan, as this generally draws a steeper rate.

Helpful personal loan guides

Still looking for the right personal loan?

Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.