Compare personal loans from $2,000 to $75,000
Compare rates, fees and features from Australia's top lenders. Find the right loan in under a minute - no credit check required to compare.
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19 loans match your filters
Editor's picks
Hand-selected loans for common borrowing needs.
Lowest interest rate
Both lenders advertise the lowest headline rate on this list at 5.95% p.a. for eligible borrowers.
Best for same-day cash
Apply in minutes, decision in under an hour, funds typically the same business day.
Best for no fees
No establishment, monthly or early repayment fees -- what you see on the rate is what you pay.
Best for varied credit history
Considers borrowers with imperfect credit and offers loans from $2,000 with quick assessment.
Best for debt consolidation
Long terms and competitive fixed rates make Plenti suited to consolidating multiple debts into one.
Best Big 4 bank loan
No establishment, monthly or early repayment fees -- the rare tier 1 loan with zero ongoing fees.
What will my repayments be?
See monthly repayments across different rate and term combinations.
| Rate (p.a.) | 12 mo | 24 mo | 36 mo | 48 mo | 60 mo |
|---|---|---|---|---|---|
| 6% | $430 +$164 int. | $222 +$318 int. | $152 +$476 int. | $117 +$636 int. | $97 +$800 int. |
| 8% | $435 +$219 int. | $226 +$427 int. | $157 +$641 int. | $122 +$859 int. | $101 +$1,083 int. |
| 10% | $440 +$275 int. | $231 +$537 int. | $161 +$808 int. | $127 +$1,087 int. | $106 +$1,374 int. |
| 12% | $444 +$331 int. | $235 +$649 int. | $166 +$979 int. | $132 +$1,320 int. | $111 +$1,673 int. |
| 15% | $451 +$415 int. | $242 +$818 int. | $173 +$1,240 int. | $139 +$1,679 int. | $119 +$2,137 int. |
Cheapest combination: 6% over 12 months = $164 total interest
Rule of thumb: a shorter loan term costs less overall, but higher monthly repayments. A longer term means lower monthly payments but more interest paid in total.
Alternatives to a small personal loan
Personal loans are not always the best option. Here is how they compare with other borrowing methods.
Personal loan
Generally the cheapest way to borrow $2,000-$75,000 with a clear repayment schedule.
Credit card cash advance
Convenient but expensive. Costs add up fast if not paid in full quickly.
Buy now, pay later
Free if you pay on time, but not designed for cash needs or larger amounts.
Payday / short-term
Avoid where possible. Consider a small personal loan or NILS first.
How it works
From comparison to cash in your account.
Compare your options
Use the filters above to narrow down loans by amount, term and features. Watch the comparison rate -- it bakes in most fees so you're comparing apples to apples.
Get a personalised rate
Most lenders offer a soft credit check that gives you an indicative rate without affecting your credit score. Worth doing on two or three lenders before applying formally.
Submit your application
Provide ID, two recent payslips and 90 days of bank statements (most lenders pull these automatically with your consent). All online -- no branch visits required.
Receive your funds
Once approved, signed loan documents are returned electronically. Digital lenders typically transfer same business day; banks usually within 1-3 business days.
What to know about small personal loans
Small personal loans bridge the gap between credit cards and larger personal loans. They typically range from $2,000 to $10,000 and are repaid in fixed monthly instalments over one to five years. Because they are unsecured, there is no need to put up your car or home as collateral.
Interest rates vary widely depending on your credit score, income and the lender. The comparison rate is the best at-a-glance figure because it includes most fees and charges. Always compare the comparison rate, not just the headline rate, when evaluating different loans.
Fast approvals
Many digital lenders assess your application in minutes and can transfer funds on the same business day you are approved.
No collateral
Small personal loans are typically unsecured, meaning you do not need to provide assets like a car or property as security.
Flexible terms
Choose a repayment period that suits your budget. Shorter terms mean less interest; longer terms mean lower monthly payments.
Glossary
Our editorial team independently reviews every lender on this page. Product data is checked daily against lender websites. Rankings are based on rate, fees and features - not commercial relationships. We may earn a commission when you click through to a lender.