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Personal Loans

Fast & Flexible Personal Loan Solutions

Get fast access to funds for any worthwhile purpose. Compare personal loans with competitive rates and flexible terms from our panel of trusted lenders.

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The Smarter Way to Get a Personal Loan

Discover the features and benefits of using Loan Phone.

Fast Approval & Funding

Quick application process with many lenders providing same-day approval. Funds can be in your account within 24-48 hours.

Competitive Interest Rates

Access competitive rates from banks, credit unions, and specialist lenders. We compare to find you the best deal for your situation.

Flexible Loan Amounts

Borrow from $5,000 to $100,000 depending on your needs and capacity. Choose the amount that's right for you.

No Security Required

Most personal loans are unsecured, meaning you don't need to put up assets like your home or car as collateral.

Fixed Repayments

Know exactly what you'll pay each month. Fixed rate loans provide certainty and make budgeting easier.

Flexible Terms

Choose loan terms from 1-7 years. Shorter terms mean less interest, longer terms mean lower monthly repayments.

How Our Personal Loan Comparison Works

1. Tell Us What You Need

Share your loan amount, purpose, and preferred repayment term. The more we know, the better we can match you with suitable lenders.

2. Compare Your Options

We’ll show you competitive personal loan offers from multiple lenders. Compare interest rates, fees, and features side-by-side.

3. Choose Your Preferred Loan

Select the loan that best fits your needs and budget. Your dedicated broker will explain the terms and answer any questions.

4. Fast Application & Approval

Complete your application with support from your broker. Many lenders provide same-day approval with funds available within 24-48 hours.

Personal Loan Uses

Debt Consolidation

Combine multiple debts into one manageable loan, potentially saving on interest and simplifying your finances.

Home Improvements & Renovations

Finance kitchen or bathroom upgrades, extensions, landscaping, or maintenance without touching your home equity.

Medical & Dental Expenses

Cover unexpected medical bills, dental procedures, or cosmetic surgery with flexible repayment options.

Weddings & Special Events

Finance your special day without draining savings. Spread the cost over manageable monthly payments.

Travel & Holidays

Fund your dream vacation or overseas adventure. Travel now and pay later with fixed monthly repayments.

Education & Training

Invest in yourself with courses, training, or education expenses not covered by other funding sources.

Secured vs Unsecured Personal Loans

Unsecured Personal Loans

  • No asset required as security
  • Faster approval process
  • Rates typically 7-15% p.a.
  • Ideal for smaller amounts or short terms

Secured Personal Loans

  • Use an asset (car, savings, property) as security
  • Lower interest rates
  • Potentially borrow larger amounts
  • Longer terms available

Personal Loan FAQs

How much can I borrow? Most lenders offer personal loans from $5,000 to $50,000, with some going up to $100,000 for secured loans or high-income earners.

What is the interest rate? Rates typically range from 6% to 20% p.a. depending on your credit score, income, and whether the loan is secured or unsecured.

How quickly can I get the money? After approval, funds are typically transferred within 24-48 hours. Some lenders offer same-day funding for urgent needs.

Do I need a good credit score? While good credit helps secure better rates, many lenders work with borrowers who have average or below-average credit scores.

What fees should I expect? Common fees include establishment fees ($0-$500), monthly account keeping fees ($5-$15), and early repayment fees (varies by lender).

Can I pay off my loan early? Many lenders allow early repayment, but some charge early exit fees. We’ll help you find lenders with flexible early repayment options.

What documents do I need? Typically: photo ID, proof of income (payslips or tax returns), recent bank statements, and proof of expenses.

Why Compare Personal Loans?

Save on Interest

Interest rates can vary significantly between lenders. A difference of just 2% p.a. can save you hundreds or thousands over the life of your loan.

Find Better Features

Some lenders offer redraw facilities, flexible repayments, or loyalty discounts. Comparing helps you find features that suit your needs.

Understand the True Cost

By comparing, you’ll see all fees and charges upfront, helping you understand the total cost of borrowing.

Improve Approval Chances

Different lenders have different credit policies. We’ll match you with lenders most likely to approve your application.

Ready to Compare Personal Loans?

Start your comparison today and discover how much you could save with a competitive personal loan. Our expert brokers are ready to help you find the perfect solution.