Best Personal Loan Rates with Money Matchmaker™

Find, compare, apply.

Find the right personal loan. Compare real offers from 11 lenders in 60 seconds. Apply with confidence.

“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela

How do you get the best personal loan interest rates?

The rates you’ll see advertised are typically available to people with the best profile (generally those with high-paying jobs, have had credit before and an excellent credit score), not the majority of those applying.

For everyone else, the rate offered by lenders will vary based on your risk profile.

Lowest personal loan interest rates in Australia

LenderInterest Rates
PlentiRates from 6.39% p.a Comparison Rates from 6.39% p.a
WisrRates from 6.49% to 20.95% p.a Comparison Rates from 7.31% to 20.89% p.a
Society OneRates from 5.95% - 19.99% p.a Comparison Rates from 5.95% - 21.70% p.a
FairGo Finance Rates from 15.92% to 29.90% p.a Comparison Rates from 21.65% to 73.06% p.a
JacarandaRates from 8.69% to 21.24% p.a Comparison Rates from 12.05% to 32.52% p.a
Money3Rates from 19.95% to 28.00% p.a Comparison Rates from 35.97% to 47.66% p.a
Now Finance Rates from 5.95% - 17.95% p.a Comparison Rates from 5.95% - 17.95% p.a

How is your risk profile determined?

Each lender has their own matrix for risk profiles, but they all look at:

  • Loan amount
  • Reason for loan
  • Credit Score
  • Income
  • Surplus
  • Age
  • Residency Status
  • Relationship status
  • Dependants
  • Employment information
  • Living arrangements
  • Any recent negative financial habits
  • Vehicle information

Do all lenders assess risk differently?

If a lender finds you a high-risk borrower, the best-case scenario is that they may offer you a higher interest rate.

But risk appetite varies between lenders; while one lender may be comfortable accepting your application, another may decline you.

A secured loan, where you put your car or house as security, is low-risk lending. If you default on your loan, the lender can take that security and sell it to recoup their losses. Low-risk lending will have lower fees and lower interest rates (which means you’ll pay less overall).

If the loan is secured by an asset of lower value or not secured at all, the risk is much higher. High-risk lending will have higher fees and higher interest rates (which means you’ll pay more than you might need to).

Applying at each lender is risky too as it actually negatively affects your credit score with each application. So we recommend using our Money Matchmaker ™ which will show results for 10 lenders without affecting your credit score.

Find the best deal on personal loans

Personal Loans with Money Matchmaker

Meet your Potential Personal Loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Fair Go
  • Build your credit score by making timely repayments
  • Once approved, loans are funded in minutes
  • Flexible repayments; weekly, fortnightly, monthly options
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees
Meet Money3
  • Pay your loan out early with no fees
  • Increase regular payments to suit your situation
  • Make extra repayments at any time
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
Meet Alex
  • $0 establishment fee: offer expires 3NOV21
  • $0 ongoing fees, early repayment fees, exit fees
  • Multi Award winning and 100% digital

How do you really know you’re getting the best deal?

A few things will let you know:

  • Understanding what a comparison rate is telling you (see section below)
  • Compare loans, details vary from lender to lender so make sure you understand what you’re looking for. Read more about comparing personal loans here.
  • Read those terms and conditions so you understand any fees or penalties look for: Late payment fees Break fees or early termination fees Stamp duty and on-road costs Referral fees or brokerage fees

Comparison Rates

When comparing personal loan offers, use the comparison rate so you are accounting for all fees and potential charges. If you use our Money Matchmaker™ to compare, the comparison rate will be listed clearly on the results screen.

Not included in the comparison rate are Variable fees - such as late-payment or dishonour fees.

Compare Personal Loans with Money Matchmaker

Fixed interest rate personal loans


  • Same interest rate for their entire term, or a set portion of the term.
  • You know that your repayments will stay the same which makes budgeting easier
  • You’re also protected against interest rate increases.
  • Often lower interest rates


  • You may be charged fees if you make extra repayments,
  • You may be charged a break fee if you pay your loan off earlier
  • If market interest rates decrease, yours will stay the same and you may miss out on savings
  • Fixed interest rates tend to have shorter loan terms.

Variable interest rate personal loans


  • Variable interest rates increase or decrease in relation to the market
  • Make extra repayments or repaying the loan early without incurring fees


  • Variable interest rates increase or decrease in relation to the market,
  • Your repayments could change at any time and, if market interest rates increase, you could end up paying more interest.

The benefits of using Money Matchmaker™ to find your Personal Loan

Money Matchmaker saves you time looking for your loan
Save Time

Get matched with real loan offers from up to 11 lenders, all at once.

Money Matchmaker stops you overpaying on your loans
Don't Overpay

We show you the best interest rates and repayments from each lender you match with

Money Matchmaker shows you personal loan rates unique to you
It's Personal

The rates are based on who you are and where you are at in life

Money Matchmaker puts you in control of your loan choices
You're in Control

No obligations, just the facts, make an informed choice

Money Matchmaker is 100% free to use
100% free

There are no middlemen, marked up pricing or broker fees. (We get paid by the lender)

Get matched with your perfect personal loan


How Money Matchmaker™ works

Just like when you use a dating app or go to a broker, we use your answers to show you real lenders, real rates and actual repayments across all our lenders that you’re eligible for; without any broker fees or marked up interest rates.

  • You tell us about you and we scan your profile through our Money Matchmaker ™ engine.
  • We give you all the results that you match with, without any advertising or promoted offers, these are the real rates and fees, just like you’d receive when applying directly with a lender.
  • You can then choose the lender you wish to match with.

The right personal loan can save you $1,000s



Money Pty Ltd,
Suite 3, Level 2,
1 Taylor Street,
Moorabbin, VIC, 3189 Australia


Money Pty Ltd trading as Money
ABN: 42 626 094 773
ACL: 528698
AFCA: 83955

© Copyright 2021 Money Ltd.


Money Pty Ltd (trading as provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. does not compare every Lender in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via the website, you are not applying with us, you are applying directly with a Lender Partner. Before entering into any credit product from one of our Lender Partners, you should confirm the rates and product information with the Lender. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice.