Compare Personal Loans

Both Canstar and Driva may receive referral fees. Fees may be payable if you decide to make an application directly with a provider or via Driva, or in some circumstances fees may only be payable if you take out a loan. Fees payable may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

References to Driva mean Driva Pty Ltd, ABN 37 636 659 160 and Australian Credit Licence No. 531492.

 

You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display.

 If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. Canstar provides information about credit products. We’re not suggesting or recommending a particular credit product for you. If you decide to apply for a loan, you will deal directly with the provider or the broker, not with Canstar. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. It’s important you check rates and product information directly with the provider. For more information, read our Detailed Disclosure. ^Read the Comparison Rate Warning.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

The results shown here are based on the information you have provided. Driva has filtered loan options according to these parameters. While the results we display match your inputs, and can help indicate which products you may be eligible for, they are not tailored to your individual circumstances. We are displaying generic information and advertised rates, whether or not you are eligible for a loan will depend on the provider’s assessment. It’s important you check rates and product information directly with the lender or broker.

We cannot and do not recommend or suggest that any particular product is the best one for you, or that you should apply for any particular product. Canstar doesn't assess whether a loan is suitable for your individual situation – that assessment will be part of the application process. If you decide to apply for a loan, you will deal directly with the provider or broker, not with Canstar. Canstar cannot assist with your loan application. 

Keep in mind that we don't compare every loan on the market. There may be other loans you should consider. The results here only include product information held in Driva's database. Both Canstar and Driva may receive referral fees. 

References to Driva mean Driva Pty Ltd, ABN 37 636 659 160 and Australian Credit Licence No. 531492.

Representative example total repayment amount: For a personal loan of $20,000 borrowed for 60 months with a minimum interest rate of 9.84% (comparison rate^ of 10.87%), the total amount you would need to repay would be $25,551. This is made up of a $20,000 principal amount, $5,402 interest amount, estimated upfront fees of $149 and total ongoing fees of $0. 

This example is hypothetical. It is not based on the results on this page. The total loan repayment amount for any individual personal loan will vary depending on several factors (including making on time repayments). You should confirm with the lender the total amount repayable for your particular circumstances.

The results here only include product information held in Driva's database. Through Driva’s lender network, personal loan terms typically include:

• Loan terms from 1 to 7 years 
• Interest rates range from 6.57% p.a. to 36.00% p.a. (Comparison rates* 6.57% to 36.00%)
• Establishment fees, ongoing fees and other chargers vary by lender. 

If you apply via a broker, a broker fee may also be applicable. 

References to Driva mean Driva Pty Ltd, ABN 37 636 659 160 and Australian Credit Licence No. 531492. 

*Warning: The comparison rate applies only to the example or examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.