Australia's Money Matchmaker® - Loan Matchmaking
Compare personal loans in 60 seconds
Using technology Money Matchmaker® matches you to the lowest rates you qualify for from a pool of top lenders. So you can find the one.
Money Matchmaker® promises
1
Real rates, not click bait
Compare only loan rates that you qualify for with your answers matched to lender rules.
2
You're in control
See all your options. Get the facts. Choose the loan that works best for you.
3
Save time
All the research, analysis and shopping around with lenders is compiled for you.
4
100% free
No broker fees, ads, sponsored rates. Lenders get charged for the service if you take a loan.
5
No risk
Matching doesn't impact your credit score, at all. And there are no phone calls.
6
Facts checked
Using industry leading credit score and bank statement services to accurately match you.
How Money Matchmaker® works
Give Money Matchmaker® a try
GET MATCHEDMoney Matchmaker®'s different
Money Matchmaker® works with you and for you.
- Rate comparison sites only show you low risk rates hardly anyone qualifies for. Money Matchmaker® only shows you pre-qualified rates that match your answers.
- A broker can add up to $1000 to your loan for their service. Money Matchmaker® charges the lender only.
- Applying for rates with each lender can affect your credit score. Money Matchmaker®'s credit check leaves your score intact.
Meet your potential personal loan matches
- No Early Repayment Fees
- No Monthly Fees
- Get Funds 24 Hours From Approval
- No extra repayment or early exit fees
- Funding approved in 24 hours
- Up to $75,000 loan amount
- No ongoing fees
- No monthly fees
- No Deposit Required
- Get a guaranteed, personalised rate in 2 minutes
- Apply online in under 10 minutes
- Weekly and fortnightly repayments
- Build your credit score by making timely repayments
- Once approved, loans are funded in minutes
- Flexible repayments; weekly, fortnightly, monthly options
- Same day decisioning
- No admin, early repayment or "risk" fees
- Support from real people
- Pay your loan out early with no fees
- Change payment dates and frequency at any time
- Make extra repayments at any time
- Apply in under 8 minutes
- Once approved, cash transferred in 60 seconds
- No early termination fees
Get matched in 60 seconds
GET MATCHEDHow to compare personal loans
Written by
Shaun McGowanBefore you apply, compare personal loans. Comparing personal loans can literally save you thousands of dollars in interest and fees.
Details vary between lenders - so make sure you’re comparing loans of equal amount and term.
Fees aren’t included in the advertised rate for a loan, which is designed to make the loan offer more appealing than it is. The true cost of a loan is found by looking at the comparison rate, this shows all charges (interest plus fees) as the final rate you’ll pay
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 and early repayment fees.
Find the best deal on personal loans
FIND YOUR LOANComparing fees
These are the four types of fees you should be look for of when comparing lenders:
- Upfront costs - establishment fees and application fees
- Ongoing fees - annual fees and monthly fees
- Late payment fees- charged if you miss a payment
- Extra repayment fees - charged if you make early repayments to reduce the amount of interest payable on the principal amount.
Choosing a personal loan without any fees or penalties for early repayments may mean you can repay your loan earlier and save on interest. You can do this by lowering your monthly repayments or keeping your payments at the same amount while reducing the term of your loan.
What do I need to look for when comparing personal loans?
There are lots of things you’ll need to look out for:
- The interest rate on your loan
- What type of interest it is (fixed or variable)
- How long you take out the loan for
- The establishment fee for your loan
- Any ongoing fees
- Early repayment penalties
- Brokerage fees - if applying through a broker or dealer
Seems like a lot? Let’s break it all down.
The interest rate on your loan
Interest is charged by your lender for borrowing the money. It’s essentially how much extra you’ll need to pay back on top of the amount you borrow.
It’s very standard that your repayments will have a fixed interest rate. Variable rates don’t really exist anymore.
How long you take out the loan for
This is also called the ‘term’ of your loan.
The shorter the term, the less overall interest you will pay.
The establishment fee for your loan
This is a one-time fee you’ll pay when applying. You may be able to negotiate this or simply choose a lender who doesn't have one!
Any ongoing fees
The worst type of fees. Try and avoid these where you can - they only add to the amount you have to repay. They’ll be disguised as monthly account keeping fees.
Early repayment penalties
If you plan to repay your loan in full before the end of your term, check to see how much (if anything) you’ll be charged.
Lenders will use these fees to make up for the interest charges they’ll miss out if you repay early.
Brokerage fees - if applying through a broker
A broker is someone who can help you find, compare, and apply for a loan. This can be super helpful if you have no idea where to start and you’re making a major financial decision.
Like all professionals, brokers usually charge a fee. This is either open and upfront or may be concealed by secretly increasing the interest rate with the lender.
Comparing the best ways to get a personal loan
| Money Matchmaker™ | Direct with Lender | Broker | |
|---|---|---|---|
Fees | $0 | $0 | up to $990 |
Commission | No | No | Yes |
Impact Credit Score | No | Yes | No |
Multiple Lenders | Yes | No | Yes |
Number of Quotes | Up to 11 | 1 | 1-3 |
Time to Quote | 60 seconds | 1-5 minutes | 1-2 days |
Phone call follow ups | No | Yes | Yes |
Cost to apply | No | Yes | Yes |
The right personal loan can save you $1,000s
FIND YOUR CAR LOANWant to know more about Personal Loans?
About the Author
Shaun
McGowan
Shaun McGowan
Shaun is the founder of Money.com.au and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.
*Information about comparison rates Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rate is based on an unsecured fixed rate personal loan of $10,000 over 3 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
