Cheapest Personal Loans 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

What's the cheapest Personal Loan?

Reducing the amount of interest you pay is one of the easiest ways to get a cheaper personal loan, and there are a few other ways to reduce the total cost of your loan and your total amount of debt.

Here are 3 simple things you can do to make it happen

  • Choose a shorter term The shorter your loan term is, the less interest you’ll pay. Choosing the shortest term possible which you can afford to meet repayments on will help reduce the total number of payments, and the total amount of interest charges.
  • Make extra repayments as soon as possible Your regular loan repayments cover both the principal amount and the interest charges. At the start of your loan, your payments will mostly cover interest charges, while at the end of your loan, you’ll mostly be reducing your principal amount. Extra repayments only reduce the principal balance. The sooner you can make extra repayments on your loan, the more you can save on interest charges - just make sure you can make extra repayments without incurring additional fees!
  • Secure a low-fee or no-fee loan Paying fewer - or lower - personal loan fees can free up cash to make extra repayments. Look closely at all personal loan fees such as late-payment fees, extra payment fees, or early break fees.

Choosing a personal loan is easy. Choosing the right loan for your unique circumstances can be more complicated. Getting a personal loan that isn’t right will mean paying more money over time than you need to.

For example, if you wish to purchase a car, you might want to see if you qualify for a secured car loan, not a personal loan that you will use to buy a car. While they may sound like very much the same product, they are not:

  • A secured car loan uses the entire loan amount to finance the vehicle and uses the vehicle as security on the loan amount.
  • A personal loan provides funds for you to use for any purpose - such as buying a vehicle or consolidating debt -i t does not require collateral.

You can still buy a car using either, but a personal loan may cost you much more if you are only buying a car.

Choosing a personal loan is easy

Choosing the right loan for your unique circumstances can be more complicated. Getting a personal loan that isn’t right will mean paying more money over time than you need to.

For example, if you wish to purchase a car, you might want to see if you qualify for a secured car loan, not a personal loan that you will use to buy a car. While they may sound like very much the same product, they are not:

  • A secured car loan uses the entire loan amount to finance the vehicle and uses the vehicle as security on the loan amount.
  • A personal loan provides funds for you to use for any purpose - such as buying a vehicle or consolidating debt -i t does not require collateral.

You can still buy a car using either, but a personal loan may cost you much more if you are only buying a car.

Find the best deal on personal loans

FIND YOUR LOAN

The best way to find the right loan for your goals is to shop around and compare loans. This can be hard and time consuming, and time is money. We recommend using our Money Matchmaker ™ engine which will check against 10 lenders in 3 minutes.

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

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

1
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.

2
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

3
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

4
Money Matchmaker puts you in control of your loan choices
You're in Control

No obligations, just the facts, make an informed choice

5
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

FIND YOUR 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

FIND YOUR CAR LOAN

Address

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

Company

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

© Copyright 2021 Money Ltd.



Disclaimer

Money Pty Ltd (trading as Money.com.au) provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. Money.com.au 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 Money.com.au 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.