How we compare personal loans

Our approach

Credizen uses a data-driven methodology to compare and rank personal loan lenders in Australia. Our goal is to present accurate, up-to-date information so you can make informed borrowing decisions.

Step 1: Data collection

We collect product data directly from lender websites and official Product Disclosure Statements (PDS). This includes advertised rates, comparison rates, establishment fees, ongoing fees, loan amount ranges, term options, and eligibility criteria.

Step 2: Rate verification

All comparison rates and fee structures are verified quarterly. We cross-reference lender disclosures with ASIC requirements to ensure accuracy. Comparison rates are calculated on the standard basis of a A$30,000 unsecured loan over 5 years, as required by Australian regulations.

Step 3: Scoring algorithm

Each lender is scored across multiple criteria:

• Comparison rate competitiveness — Lower comparison rates score higher
• Fee transparency — Clear, low-fee structures score higher
• Approval speed — Faster approval and disbursement times score higher
• Loan flexibility — Wider amount ranges and term options score higher
• Accessibility — Lenders accepting diverse income types and credit histories score higher
• Customer feedback — Verified review scores from independent platforms

Step 4: Personalised matching

When you use our comparison tool, our algorithm considers your loan amount, purpose, income, employment status, and credit history to match you with lenders most likely to approve your application at competitive rates.

Step 5: Transparency review

Rankings are reviewed to ensure fairness. No lender receives preferential placement based on the commission they pay Credizen. Our revenue model is disclosed on every page — lenders pay us when you successfully apply through our service.

Step 6: Regular updates

Product data is refreshed regularly and after significant market events, such as RBA cash rate decisions or changes to ASIC fee cap regulations. Each lender page displays a "Last updated" date.

What we compare

Regulatory compliance

All lenders featured on Credizen hold an Australian Credit Licence (ACL) and are regulated by ASIC. We reference official sources including ASIC MoneySmart and the Australian Financial Complaints Authority (AFCA).

View our full lender directory to see all compared providers.