Based on your details, you can compare the following personal loans

Product
Advertised Rate
Comparison Rate*
Company
Repayment
Upfront Fee
Ongoing Fee
Loan amount
Go to site

8.50%

Fixed

9.36%

Wisr

$631

based on $20,000 loan amount for 3 years

$595

$0

$5k to $50k

More details

9.99%

Fixed

11.22%

Latitude Financial Services

$645

based on $20,000 loan amount for 3 years

$250

$13 Monthly

$20k to $70k

More details

12.69%

Fixed

13.56%

NAB

$671

based on $20,000 loan amount for 3 years

$150

$10 Monthly

$5k to $55k

More details

12.45%

Fixed

13.32%

ANZ

$669

based on $20,000 loan amount for 3 years

$150

$30 Quarterly

$5k to $50k

More details

12.69%

Variable

13.56%

NAB

$671

based on $20,000 loan amount for 3 years

$150

$10 Monthly

$5k to $55k

More details

15.99%

Variable

16.84%

ANZ

$703

based on $20,000 loan amount for 3 years

$150

$30 Quarterly

$5k to $50k

More details

What do I need to know about getting a personal loan?

There’s a lot to consider before you apply for a personal loan, all of which can impact how much it will cost you.

What to consider About
Interest rate One of the biggest factors for the overall cost of the personal loan. Can be influenced by all of the below.
Fees Can include upfront costs, ongoing fees, late payment fees and extra repayment fees.
Repayments Choose from weekly, fortnightly or monthly repayments to suit your budget.
Type of loan Fixed or variable rate. Secured or unsecured.
Loan term Length of time you pay the loan off. Typically, 3-5 years.
Features Redraw facility, fee free extra repayments etc.
Credit score An excellent credit score means that banks may see you as a more reliable borrower. Lenders typically save their lowest interest rates for borrowers with excellent credit.

When researching personal loans, comparing the above can help you identify the best option for your specific financial needs.

How does a personal loan calculator work?

One of the easiest ways to compare personal loans is to use a personal loan calculator. Simply enter in a few details, and the calculator will show you how much repayments are estimated to cost. 

How to use RateCity’s personal loan calculator:

  1. Enter the amount you want to borrow
  2. Enter your preferred interest rate
  3. Choose the repayment frequency (week, fortnight or month)
  4. Choose the loan term (1-12 years)
  5. Compare personal loans

If you know how much you can afford in personal loan repayments, you can better judge which personal loans are the right choice for you. 

How can RateCity’s personal loan calculator help me?

Once you’ve used a comparison table to narrow down a shortlist of personal loan options, you can use the personal loan calculator to see if you could afford these options by how the repayments stack up against your budget. 

If you applied for a personal loan without calculating whether it could fit into your budget, you may be rejected. This would negatively impact your credit history. Using a personal loan calculator won’t affect your credit score, making it a great starting off point for your personal loan research. 

You can also use the personal loan calculator to play around with various interest rates and loan terms to see what repayments may be in different situations. For example, you could compare potential repayments for an unsecured personal loan with a secured personal loan. The latter typically has lower interest rates, as the borrower needs to put down an asset as a security.