Rates & pricing
Personal loan interest rates, October 2026.
The lowest advertised personal loan rate across our lender panel is 5.95% p.a. with a 5.95% p.a. comparison rate, from Plenti, checked 30 September 2026. Lenders that publish a headline rate advertise from 5.95% to 8.99% p.a.
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Today’s personal loan rates by lender
Sorted from lowest advertised rate. “From” is the best rate the lender offers to its strongest applicants; the comparison rate adds the lender’s standard fees. Lenders marked “on application” price each deal individually, usually through a broker or dealer.
| Lender | Loan | Advertised rate | Comparison rate | Source |
|---|---|---|---|---|
 PlentiLowest advertisedLowest rate applies to an exceptional credit history. Lender states rates current as at 9 September 2026. | Unsecured personal loan | from 5.95% p.a. | from 5.95% p.a. | plenti.com.au |
 NOW FinanceRange 5.95% to 26.95% p.a. unsecured, 5.95% to 21.65% p.a. secured. No ongoing fees. | Unsecured personal loan | from 5.95% p.a. | from 5.95% p.a. | nowfinance.com.au |
 OurMoneyMarketRange 5.95% to 18.99% p.a. Representative rate 9.99% p.a. (11.91% p.a. comparison): at least half of approved customers receive that rate or lower. | Unsecured personal loan | from 5.95% p.a. | from 5.95% p.a. | ourmoneymarket.com |
 MONEYMEMaximum 26.10% p.a. (27.49% p.a. comparison). Lowest rate applies to excellent credit. Lender page last updated 4 August 2026. | Personal loan (variable) | from 6.24% p.a. | from 6.95% p.a. | moneyme.com.au |
 WisrRange 7.59% to 25.09% p.a. Establishment fee $650. Lowest rate applies to excellent credit. | Unsecured personal loan | from 7.59% p.a. | from 8.50% p.a. | wisr.com.au |
 LatitudeRange 8.99% to 29.39% p.a. (10.67% to 30.97% p.a. comparison). Terms 2 to 7 years. | Fixed personal loan | from 8.99% p.a. | from 10.67% p.a. | latitudefinancial.com.au |
 Money3Money3 publishes a maximum rate rather than a minimum. Its comparison rate example is $5,000 over 2 years, which inflates the figure against the $30,000 standard. Suits credit-impaired borrowers. | Unsecured personal loan | up to 15.95% p.a. | up to 35.86% p.a. | money3.com.au |
 Rapid LoansRepresentative example for a mid-tier ("Silver") risk profile on a secured $30,000 loan over 5 years. Rapid Loans lends to borrowers most banks decline. | Personal loan | Rep. 18.75% p.a. | Rep. 27.55% p.a. | rapidloans.com.au |
 MoneyPlaceRisk-based pricing quoted after a rate check. Headline rates are shown in the MoneyPlace application, not on its public pages. | Personal loan | On application | On application | moneyplace.com.au |
 UME LoansLends to borrowers outside bank criteria at higher rates. Rates are quoted on application. | Personal loan | On application | On application | umeloans.com.au |
Comparison rates are based on an unsecured loan of $30,000 over 5 years unless the lender's note says otherwise. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates were taken from each lender’s website on 30 September 2026. Lenders change rates without notice, so confirm the current rate with your broker before relying on it. Lyft Money is a credit assistance provider, not a lender.
What is a comparison rate?
A comparison rate rolls the interest rate and most fees into a single percentage so two loans can be compared on total cost rather than on the headline rate. Australian consumer credit law requires it beside every advertised rate, always on the same example: an unsecured loan of $30,000 over 5 years. When a lender’s comparison rate matches its interest rate, it charges no fees that count toward the calculation. When the gap is wide, look for an establishment fee or a monthly account fee.
The example is fixed by law, which is why the comparison rate on a $15,000 loan over 3 years will be higher than the one advertised. Your broker gives you the comparison rate for your actual amount and term in the written credit quote.
Why “from” rates are the best case
Every lender in the table prices on risk. The advertised “from” rate goes to applicants with a clean credit file, steady income and, for car loans, a newer vehicle with a sensible loan-to-value ratio. Move away from that profile and the rate moves up the lender’s range, which for several lenders runs past 20% p.a. Two people borrowing the same amount from the same lender can be quoted rates ten points apart.
That is also why the lowest rate on the page is not automatically the cheapest loan for you. A lender with a slightly higher headline rate and no fees can cost less over the term than one with a low rate and a $600 establishment fee, and a specialist lender that approves you at 12% beats a prime lender that declines you.
How to get your actual rate
- Tell us about the loan. The amount, the term, what the money is for and whether you can offer security, and a picture of your income and commitments.
- We match you across the panel. A Lyft Money broker checks which lenders fit your profile and comes back with real options, comparison rates and total repayable, side by side.
- You get it in writing. A written credit quote sets out the rate, the fees and how we are paid before anything is submitted. Nothing goes to a lender without your go-ahead.
What would repayments look like?
- Number of repayments
- 60
- Total interest (est.)
- $6,068
- Total repaid (est.)
- $36,068
This calculator is a guide only. It uses simplified assumptions, excludes fees and charges unless stated, and is not an offer or quote. Actual repayments are confirmed by the lender in its loan contract.
Personal loan rate questions
What is the lowest personal loan rate in Australia right now?
Across the Lyft Money panel the lowest advertised unsecured personal loan rate is 5.95% p.a. with a 5.95% p.a. comparison rate, advertised by Plenti, NOW Finance and OurMoneyMarket, checked 30 September 2026. That rate is reserved for excellent credit. A typical approved borrower is quoted higher, and lender ranges run past 25% p.a.
Secured or unsecured personal loan: which has the lower rate?
Secured. Putting up a car or other asset lowers the lender's risk and usually the rate. NOW Finance, for example, caps secured loans at 21.65% p.a. against 26.95% p.a. unsecured. Unsecured loans are quicker and put no asset at risk, which is why most personal loans are unsecured.
What is a comparison rate?
A comparison rate is the interest rate plus most of the fees a lender charges, rolled into one percentage so you can compare loans on total cost. Australian law requires it beside any advertised consumer rate. It is calculated on a standard example, so your own comparison rate can differ.
Why is the comparison rate higher than the interest rate?
Because it includes establishment fees and monthly account fees on top of interest. When the two rates are the same, the lender charges no fees that count toward the comparison rate. A big gap between the two usually means a large upfront fee.
Will I get the lowest advertised rate?
Only if you match the lender's best profile: a strong credit history, stable income and, for car loans, a newer vehicle. Most lenders on this page price on risk, so the rate you are offered can sit anywhere in the lender's range. Your broker tells you where you are likely to land before you apply.
How does Lyft Money get these rates?
We take each lender's advertised rate and comparison rate from the lender's own website on the date shown and link the source. We update the table by review, not automatically, so always confirm the rate on your written credit quote.
Can I get a personal loan with bad credit?
Yes. Money3, Rapid Loans and UME Loans lend to borrowers with defaults or a short credit history. Expect rates well above the headline figures on this page, and a comparison rate that can exceed 25% p.a. once fees are included. Your broker will show you the total repayable before you decide.
How much can I borrow on a personal loan?
Lyft Money arranges personal loans from $2,000 to $70,000 unsecured, or up to $100,000 secured against a vehicle you own. Each lender sets its own limits, and your income, expenses and existing commitments decide what is affordable under responsible lending rules.