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Compare personal loans in Australia

Answer a few quick questions and we'll match you with loan offers from trusted Australian lenders — free, fast, and no obligation.

Last updated: 24 May 2026

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🛡️ ASIC-regulated lenders 🔒 256-bit encryption ✅ No credit score impact ⏱️ Takes about 2 minutes

30+

Australian Lenders

120+

City Guides

6.99%

Comparison Rate From

60 min

Fastest Approval

How Credizen works

1

Tell us what you need

Enter your loan amount, purpose, and basic details.

2

We compare offers

Our system checks rates from 30+ Australian lenders.

3

See your matches

Review personalised loan options ranked by suitability.

Featured lenders

Compare offers from ASIC-regulated Australian lenders

MoneyMe

Fintech

Amount: A$2,100–A$50,000

Comparison rate: from 7.65% p.a.

Approval: 60 min

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Plenti

Fintech

Amount: A$5,000–A$50,000

Comparison rate: from 6.99% p.a.

Approval: Same day

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Commonwealth Bank

Bank

Amount: A$4,000–A$50,000

Comparison rate: from 8.49% p.a.

Approval: 1–2 days

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Wisr

Fintech

Amount: A$5,000–A$62,000

Comparison rate: from 7.75% p.a.

Approval: Same day

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ANZ

Bank

Amount: A$5,000–A$50,000

Comparison rate: from 8.99% p.a.

Approval: 1–2 days

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Latitude Financial

Specialist

Amount: A$3,000–A$45,000

Comparison rate: from 13.99% p.a.

Approval: Same day

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Why compare with Credizen?

Free to use — we never charge you

No impact on your credit score

Compare comparison rates side by side

ASIC-regulated lender partners

Results in under 2 minutes

100% online — no branch visits

Frequently asked questions

How do I compare personal loans in Australia?
Use Credizen's free comparison tool. Enter your loan amount and purpose to see rates from 30+ lenders ranked by suitability.
What is a comparison rate?
A comparison rate combines the interest rate with most fees and charges, calculated on a A$30,000 unsecured loan over 5 years. It helps you see the true cost of a loan.
Will comparing loans affect my credit score?
No. Using Credizen's comparison tool does not trigger a credit check. A credit enquiry only occurs when you formally apply with a lender.
What is the cheapest personal loan in Australia?
Rates vary by lender and your circumstances. As of 2026, comparison rates start from around 6.99% p.a. for well-qualified borrowers.
Can I get a personal loan with bad credit?
Yes. Several Australian lenders specialise in loans for borrowers with impaired credit. Rates will be higher, and amounts may be limited.
How fast can I get a personal loan approved?
Some online lenders offer approval in as little as 60 minutes. Traditional banks may take 1–3 business days.
Are online lenders safe in Australia?
Yes, if they hold an Australian Credit Licence (ACL) regulated by ASIC. Always verify a lender's ACL on ASIC's professional register.
What documents do I need to apply for a personal loan?
Typically: a valid ID (driver licence, passport), proof of income (payslips or bank statements), and your bank account details.

Australian Personal Loan Key Facts

Metric Value
Country Australia
Currency Australian Dollar (AUD / A$)
Primary Regulator ASIC (Australian Securities & Investments Commission)
Consumer Protection NCCP Act 2009
Dispute Resolution AFCA (Australian Financial Complaints Authority)
Comparison Rate Base A$30,000 unsecured over 5 years
Personal Loan Range A$2,000 – A$50,000
SACC Cap (≤A$2,000) 20% establishment + 4%/month
MACC Cap (A$2,001–A$5,000) 48% APR max
Typical Comparison Rate From 6.99% p.a. (comparison rate)
Loan Terms 1–7 years
Approval Time 60 min – 2 business days
Requirements Valid ID + proof of income + Australian bank account
Minimum Borrower Age 18 years
Credit Reporting Equifax, Experian, illion

Source: ASIC (moneysmart.gov.au), AFCA (afca.org.au). Data verified as of May 2026.

Borrow Responsibly

All credit providers featured on this site hold an Australian Credit Licence (ACL) and are regulated by ASIC. For unresolved complaints, contact AFCA at afca.org.au. Interest rates and comparison rates are current as of the date published and are subject to change. Comparison rates are based on a A$30,000 unsecured loan over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates.

Last updated: 24 May 2026

Emergency Financial Help

If you're experiencing financial difficulties, contact your local financial counseling service.

  • South Africa: National Credit Regulator - 0860 627 627
  • Romania: ANPC - 0213142200
  • Colombia: Superintendencia Financiera - (571) 594 2222
  • Poland: KNF - 22 262 5000
  • Czech Republic: ČNB (Česká národní banka) - 224 411 111
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