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Personal Loans Perth
Living in Perth? Find the best personal loans available to you by comparing offers right here with Savvy.
Last updated on April 20th, 2022 at 12:52 pm by Thomas Perrotta
Compare low rate personal loans in Perth
Whether you’re living in central Perth, Bunbury or all the way up in Broome, you can access affordable personal loans to suit your needs by comparing your options with Savvy. We’re partnered with a diverse panel of lenders to give you the highest-quality selection of personal loans to choose from.
I want to borrow:
Over how long?
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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 |
- 3, 5 and 7 year loan terms
- Borrow from $5,000 to $64,000
- $595 establishment fee
- Great low rates for excellent credit
- No early repayment or ongoing fees
- Get a rate estimate in 2 minutes
- Minimum income of $25,000 p.a.
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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 |
- Low rates from 7.39% (comparison rate 7.39% p.a.*)
- Get a rate estimate in 1 minute that won’t affect your credit score
- No early repayment or exit fees
- Lender approval subject to applicant’s good to excellent credit history
- Settlement within 24 hours
- A 5-star experience from end to end from Australia’s #1 rated consumer lender
- Join over 95,000 Australians bringing their big ideas to life with Plenti.
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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 |
- No extra repayment or early exit fees
- Up to $75,000 in loan amounts
- Funding approved within 24 hours
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Borrow up to $70,000 with personalised rates and repay over 3,5 or 7 years loan terms.More details |
- All loans are unsecured
- Rates from 5.35% (comparison rate 6.14%)
- Your rate is fixed for the life of the loan
- Establishment fee of $275 for loans under $5,000
- Establishment fee of $575 for loans $5,000 and over
- No monthly account keeping or early repayment fees
- You can repay weekly, fortnightly or monthly
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 personal loans for Perth borrowers
Competitive rates from 5.35% p.a. (6.14% p.a. comparison)
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.
Why Perth borrowers choose Savvy to compare personal loans
100% online and accessible
You can complete the entire comparison and application process from your home via your computer or even your smartphone.
Maximise savings by comparing
You give yourself the best chance of saving on your personal loan by comparing a wider number of options from the outset.
Australia-wide panel
We offer borrowers not just in Perth, but around Australia the chance to compare personal loans from flexible lenders.
Top tips for comparing personal loans in Perth
Consider the interest rate
Interest will play a large role in determining how much your personal loan costs. You should always have this factor front of mind when comparing loans, looking to take advantage of low rates wherever possible. Even small discrepancies of 1% p.a. can help you secure a cheap loan overall in Perth.
Think about fees
It’s not just interest rates, though. Personal loan fees can also set you back hundreds of dollars in some cases, whether that be through establishment (up to $600) or monthly fees (up to $10 per month). Like interest rates, opting for a loan with low or no fees can help you save a significant amount overall.
Prioritise repayment flexibility
One area that you should always think about when comparing personal loans is your ability to make additional payments on top of the minimum. Opting for a lender who doesn’t charge anything for extra repayments or early settlements gives you the freedom to pay it off more quickly when you’re able to, saving money in the process.
Compare your preferred loan terms
You should also be aware of the fact that not all lenders will offer identical minimum and maximum loan terms, meaning that you should keep an eye out for lenders offering terms that you can manage on your loan. Choosing the right term is important, so you should prioritise a length that allows you to comfortably repay your loan.
Ensure that you’re eligible
Above all else, though, you should make sure that you meet your lender’s qualification criteria. Different lenders will have different specifics, such as some working with bad credit and Centrelink income while others don’t. You should also guarantee that you meet the minimum income requirement, which can range from around $20,000 to $26,000 annually.
Frequently asked personal loan questions
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.
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.
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.
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.
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.
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.