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Personal Loan Options for Every Borrower Type
Explore personal loans with APRs starting at 5.66% and unique features tailored for different financial profiles. Find the right loan for you.
Quick Picks
Best overall: Liberty Financial Personal Loan.
Best for low APR: Harmoney Personal Loan.
Best big-bank option: ANZ Personal Loan.
Flexible Lending for Non-Traditional Borrowers
For those who don't fit the typical bank profile, these loans offer flexibility and competitive rates.
Liberty Financial Personal Loan
Liberty Financial stands out with its flexible lending criteria, making it accessible for non-traditional borrowers. Offering both secured and unsecured loans with rates starting at 5.67% p.a., it's ideal if you need up to $80,000. However, note the lack of a branch network may be a drawback for those who prefer in-person service.
Harmoney Personal Loan
Harmoney offers one of the lowest unsecured rates in the market at 5.76% p.a. The 100% online application process and no credit score impact for rate checks make it attractive, especially if you want a seamless digital experience. Yet, the maximum loan amount is $70,000, which is less than some competitors.
OurMoneyMarket Personal Loan
OurMoneyMarket offers competitive rates starting at 5.95% p.a. with no ongoing fees, making it a cost-effective choice for those with good credit. The Rate Beat guarantee is a notable perk, but the absence of a secured loan option may limit your choices.
Plenti Personal Loan
Plenti shines with its fast funding within 24 hours and no early repayment fees. Starting rates at 6.17% p.a. are competitive, but the establishment fee can range from 0-6%, which could increase your initial costs.
ING Personal Loan
ING offers a reliable digital banking experience with fixed rates starting from 6.19% p.a. Its lack of early repayment fees is appealing, though the maximum loan amount of $60,000 is lower than some competitors.
While these options are great for cost-conscious borrowers, those who value strong in-person support from established institutions might want to consider the following big-bank options.
Big-Bank Stability with Flexible Terms
The following loans offer the security of well-established banks with a range of terms and support options.
ANZ Personal Loan
ANZ provides both fixed and variable rate options, with borrowing amounts up to $75,000. While the rates start at 7.49% p.a., which is higher than fintech competitors, the strong branch network offers reliable in-person support.
NAB Personal Loan
NAB's notable rate cap of 12.99% p.a. ensures even higher-risk borrowers are protected from excessive rates. The waiver of the $250 application fee until July 2026 is a welcome bonus, but the $15 monthly account fee could add up over time.
Westpac Personal Loan
Westpac offers personal loans with starting rates from 7.00% p.a. and unique options like discounted electric car loans. However, the $250 establishment fee and $15 monthly account fee might deter cost-sensitive borrowers.
If you're still undecided, consider this final option which bridges the gap between fintech flexibility and big-bank security.
Hybrid Option with Digital Ease and Bank Reliability
This pick combines the benefits of a digital-first approach with the stability of a trusted bank brand.
Commonwealth Bank Personal Loan
Commonwealth Bank offers both fixed and variable rate loans with the convenience of managing repayments through their app. Starting rates at 7.25% p.a. are competitive, but fees on unsecured loans may apply.
Choosing the right personal loan depends on your financial goals and preferences. Whether you prioritize low rates, digital convenience, or in-person support, there's an option to suit your needs. Always review the terms carefully before deciding.