Unsecured Personal Loans with Money Matchmaker™

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Find the right unsecured 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

Unsecured Personal Loans

If you’re wanting to take a loan out to buy anything other than a new car, you’re going to be getting an unsecured personal loan.

Essentially, it’s just a personal loan. It’s referred to as unsecured because it’s not attached to anything that a lender could repossess (like a car for example).

Let’s take a look at unsecured personal loans in more detail.

The detail

Typically, an unsecured personal loan is going to be more expensive than a secured personal loan (the type you use when buying a car).

You can literally use this type of loan for any purpose (well, not gambling or anything like that). But say a holiday, or dental work, all of these options are available.

Or perhaps you want to put some money toward a holiday, do some renovations, pay off your phone bills, pay off your credit card?

It’s all possible.

Why are unsecured loans more expensive than Secured Loans?

Pretty much all lending is based on risk - basically, what chance (if any) there is of you not being able to make repayments on the loan.

Secured loans remove a lot of this risk by just offering up something valuable to the lender in case things go wrong.

Secured personal loans (also known as a car loan) generally offer a way to finance a vehicle at a lower rate. If you’re planning on buying a car, check this page out.

Although you can generally find plenty of great unsecured loan deals, you may need to

Find the best deal on unsecured personal loans


How to qualify and apply

So who can get an unsecured loan? Well, qualifying is pretty easy if you’re:

  • Over the age of 18; and
  • An Australian citizen or permanent resident; and
  • Employed or have a regular source of income over $25,000 per year

To get a loan you will need to:

  • Submit a loan application to a lender
  • Meet the lender’s approval criteria for the loan
  • Sign a loan contract and agree to the terms of the loan

If you take our quiz the Money Matchmaker™ will match you to all the available lenders.

After speaking with your chosen lender, you may also need to provide;

  • Proof of identity — e.g. passport or driver licence
  • Proof of income — e.g. payslips, bank statements
  • Details of any current debts or other loans

Why bank statements?

When you give a lender read-only access to your bank statements, they can use financial technology to quickly assess your application.

There are hundreds of tiny factors and indicators within your bank statements, from how often you get paid, to whether you have any dishonours or direct debit fails and any other commitments you may have.

Each lender looks at bank statements differently, but with one common goal:

To ensure you can meet the repayments.

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

Money Tip: Depending on the personal loan lender you choose to apply with, approving your application can take anywhere from a few minutes to a couple of days.

Here are the most popular questions people are asking about Unsecured Personal Loans


How much can I borrow with an unsecured personal loan?


Usually, lenders have loan minimums of $2,000 and maximum amounts between $50,000 and $75,000.


Can I buy a car with an unsecured personal loan?


Yes, you can. Cars over 7 years old are generally only able to be financed this way.


Can I get an unsecured personal loan if I have bad credit?


Yes, but there are more things you need to be aware of. Read this page.


Do banks offer unsecured personal loans?


Yes, most banks offer unsecured personal loans, including the big four — Commbank, Westpac, NAB and ANZ. However, you should definitely shop around, it can literally save you thousands of dollars.

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 unsecured 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



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© Copyright 2021 Money Ltd.


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.