Best Personal Loan Rates Australia 2020

Best Personal Loan Rates Australia 2020 – There are many lenders who offer personal loans with different rates and terms in Australia. Who need financing can consider applying for personal loans issued by reputable Australian lenders.

Applying  personal loans to cover upcoming expenses including education, medicine, wedding, holiday, home improvements, purchasing a car, etc.

How To Choose The Best Personal Loan?

Borrowers should consider several factors and make some decisions before choosing a loan:

  • Variable or fixed interest rate
  • Secured or unsecured loan
  • Length of the loan
  • Credit score
  • Extra repayment fees
  • Redraw facility

Best Personal Loan Rates for 2020 in Australia

  • Latitude Fixed Low Rate: Customers can borrow starting from $20,000 up to $70,000 after being charged $250 upfront fee and a fixed interest rate starting from 9.99% due to their credit profile and other factors. It also contains $300 early exit penalty fee and $13 (monthly) ongoing fee.
  • RateSetter Unsecured Personal Loan: Customers can borrow starting from $2,000 up to $45,000 after being charged $299 upfront fee and a variable interest rate starting from 6.89% due to their credit profile and other factors. It also contains $25 missed payment penalty, no ongoing fee and no early exit penalty fee.
  • OurMoney Market Secured Personal Loan: Customers can borrow starting from $2,000 up to $75,000 after being charged $250 upfront fee and a fixed interest rate starting from 8.00% due to their credit profile and other factors. It also contains $25 missed payment penalty and no ongoing fee.
  • SocietyOne Unsecured Personal Loan: Customers can borrow starting from $5,000 up to $50,000 after being charged an upfront fee (3% of the loan amount) and a fixed interest rate starting from 7.50% due to their credit profile and other factors. It also contains $35 missed payment penalty, no ongoing fee and no early exit penalty fee.
  • ING Unsecured Personal Loan: Customers can borrow starting from $5,000 up to $30,000 after being charged $110 upfront fee and a fixed interest rate starting from 8.99% due to their credit profile and other factors. It also contains $20 missed payment penalty, no ongoing fee and no early exit penalty fee.
  • ANZ Unsecured Personal Loan: Customers can borrow starting from $5,000 up to $50,000 after being charged $150 upfront fee and a fixed interest rate starting from 12.45% due to their credit profile and other factors. It also contains $20 missed payment penalty, $30 (quarterly) ongoing fee and $300 early exit penalty fee.