Compare 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

How to compare Personal Loans

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

How to compare Personal Loans with Money Matchmaker

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

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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.

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.

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.