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.

Best Match Guarantee
Best Match Guarantee
Australia's Money Matchmaker matching you with your best loans across multiple lenders
Money Matchmaker® is full of data, lender rules and a constantly improving algorithm, to help you find the lender and money that you're looking for.

Money Matchmaker® promises

1
Personal loan rates from 11 lenders in 60 seconds with Money Matchmaker
Real rates, not click bait

Compare only loan rates that you qualify for with your answers matched to lender rules.

2
Money Matchmaker puts you in control of your loan choices
You're in control

See all your options. Get the facts. Choose the loan that works best for you.

3
Money Matchmaker saves you time looking for your loan
Save time

All the research, analysis and shopping around with lenders is compiled for you.

4
Money Matchmaker is 100% free to use
100% free

No broker fees, ads, sponsored rates. Lenders get charged for the service if you take a loan.

5
Money Matchmaker shows you personal loan rates unique to you
No risk

Matching doesn't impact your credit score, at all. And there are no phone calls.

6
Money Matchmaker stops you overpaying on your loans
Facts checked

Using industry leading credit score and bank statement services to accurately match you.

Australia's Money Matchmaker matching you with your best loans across multiple lenders
Money Matchmaker® is so sure they can find your best match, they offer a $200 money back guarantee.

How Money Matchmaker® works

Give Money Matchmaker® a try

GET MATCHED

Money 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.
Money Matchmaker

Meet your potential personal loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet OurMoneyMarket
  • No extra repayment or early exit fees
  • Funding approved in 24 hours
  • Up to $75,000 loan amount
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
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 Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Finance One
  • Pay your loan out early with no fees
  • Change payment dates and frequency at any time
  • Make extra repayments at any time
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees

Get matched in 60 seconds

GET MATCHED

How to compare personal loans

Written by

Shaun McGowan

Before 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.

Understand what a comparison rate is showing you

Find the best deal on personal loans

FIND YOUR LOAN

Comparing 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.

Fees on loans to be aware of

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.

Fixed rate personal loans with Money Matchmaker

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 best loan terms with Money Matchmaker

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!

The types of defaults lenders are interested in

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.

Comparing loan 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.

Consolidate your debt into one loan with Money Matchmaker

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.

Learn more about all the loan features available.

Pros of using a loan broker

Comparing the best ways to get a personal loan

Money Matchmaker™Direct with LenderBroker

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 LOAN

About the Author

Shaun McGowan from money.com.au

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.

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Moorabbin, VIC, 3189 Australia

Company

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ABN: 42 626 094 773
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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.