Compare unsecured personal loans
Looking for the freedom to spend loan funds how you like without worrying about putting up an asset as security? Unsecured personal loans could be the best option for you.
Unsecured personal loans can be used to cover a variety of expenses. School fees, holidays, home renovations, weddings, and giant cutting-edge TVs are just a few reasons people apply for a loan. In fact, no matter what you want to spend your money on, chances are there is an unsecured personal loan that is right for you.
At Savvy, we help you compare from our range of diverse, flexible lenders so that you can find the best unsecured personal loan for your needs. With borrowing up to $50,000, flexible repayment options and money in your account in just 24 hours, you can start comparing now and save on your loan.
|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.
Savvy provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading your lender’s PDS or offer documentation or seek independent advice. While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Savvy.
The features of an unsecured personal loan
Compare from a variety of lenders in the personal finance space to find the most affordable low-rate option to suit your needs, as well as cheap fees.
Because your loan is unsecured, you don’t have to worry about putting up a valuable asset like your car or equity in your home as collateral.
You can apply for any amount from as little as $2,000 all the way up to $50,000, making it a suitable option for a wide range of needs.
The lack of security on your loan speeds up the already fast online process, with instant outcomes available in just 60 seconds prior to your formal application.
You can also decide how to pay your loan: select a term between one and seven years and either weekly, fortnightly or monthly payments.
Unlike some other types of loans, you have your pick of fixed and variable rate options for your unsecured personal loan, affording you more freedom of choice.
You can compare personal loans which come with free additional repayments and no fees associated with settling the amount early.
Why you should compare your personal loan options with Savvy
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Unsecured personal loans explained further
Secured vs unsecured: the difference
The main difference between unsecured and secured personal loans is that while unsecured finance doesn’t require collateral, secured does. This means that a valuable asset will be affixed to your loan throughout its duration to serve as added security in the unlikely event that you become unable to complete your loan repayments and further measures to recoup funds have been unsuccessful.
There are, however, a few advantages that security brings to your loan. Because of the additional safety blanket, interest rates and fees are usually lower than those of unsecured loans, while borrowing power can be expanded to upwards of $75,000. They take longer to process, though, and are often limited in terms of usage thanks to being secured by the purchase itself.