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PromotedOurMoneyMarket
From
From
From
  • 0.15% p.a. rate discount for Canstar customers with A++ credit, as determined by OMM’s scorecard. Apply by 30 June for $5k-$100k. No early exit fees. T&Cs apply.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
PromotedRevolut
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From
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  • Check out our recently reduced rates, with comparison rates starting from 6.99% p.a., and no ongoing, early repayment or exit fees. Get a personalised price quote.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 5 years
Fees & charges apply, Australian Credit Licence 517589
PromotedHarmoney
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From
  • Get Your Fast Personal Loan Quote Now. 100% online
  • Fast quote. No account required.
  • Won't affect your credit score. GET YOUR RATE NOW.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 474726
PromotedNOW Finance
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From
From
  • No specials here. We can't waive fees because we have none. NOW Finance personal loans have no fees, no tricks and no surprises.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 18 months to 7 years
Fees & charges apply, Australian Credit Licence 425142
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Harmoney
From
From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 474726
NOW Finance
From
From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 18 months to 7 years
Fees & charges apply, Australian Credit Licence 425142
OurMoneyMarket
From
From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
Revolut
From
From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 5 years
Fees & charges apply, Australian Credit Licence 517589
OurMoneyMarket
From
From
From
  • Application fee: $750 up to $3000
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
MONEYME
From
From
From
  • Application fee: $0
  • Annualised fee: $120
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 442218
OurMoneyMarket
From
From
From
  • Application fee: $750 up to $3000
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
ING
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From
From
  • Application fee: $199
  • Annualised fee: $96
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 229823
Latitude
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From
From
  • Application fee: $395
  • Annualised fee: $198
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 392145
Latitude
From
From
From
  • Application fee: $395
  • Annualised fee: $198
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 392145

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Unsure of a term in the above table?

The initial results in the table above are sorted by Comparison rate* p.a. (Low-High), Interest Rate p.a. (Low-High), then Provider Name (Alphabetical). Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

Personal Loan Repayments

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. 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.

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OurMoneyMarket

  • Interest rate p.a.
  • Comparison rate^ p.a.
  • Canstar Exclusive: 0.15% p.a. rate discount for Canstar customers with A++ credit, as determined by OMM’s scorecard.
  • Apply by 30 June for $5k-$100k.
  • No early exit fees. T&Cs apply.
  • Interest rates displayed are 'from' price, rates can vary according to personal circumstances

Australian Credit Licence 488228 | See Terms & Conditions | ^ Comparison Rate Warning

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We do not compare all brands in the market, or all products from our participating brands. At times certain brands or products may not be available or offered to you. Learn more.

Why compare $50,000 personal loans with Canstar?

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Get more accurate results

Take the guesswork out of your search. By checking your eligibility upfront, we filter out the noise to show you loans you’re more likely to qualify for.

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No credit score impact

Most lenders base their interest rates on your credit history. We help you see where you stand and provide results based on your current credit score, giving you greater insights without penalty.

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Compare loans from multiple lenders

We bring together loans from +10 lenders to show you more precise rates, so you can make an informed choice before you apply.

How to compare $50,000 personal loans

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Personal loan tips from our experts

The ‘real’ cost is in the comparison rate

When comparing personal loans, don't just look at the interest rate. The comparison rate factors in interest costs and most fees, painting a picture of what you might actually pay each year.

Look for features, not just a low rate

The right loan should fit your life, not just your budget. Understand if you’d use features like fee-free extra repayments or a redraw facility–these could help you pay off debt faster and save on interest.

Protect your score while you shop

Every personal loan application can leave a 'hard' mark on your credit report. To protect your score, only apply for loans you’re confident you want and qualify for.

Guide to $50,000 personal loans

What does a $50,000 personal loan cost? 

There’s no way to say exactly how much a $50,000 personal loan will cost overall without knowing the details of a particular loan. The total amount will vary depending on factors like the interest rate, the length of your loan term, and whether you choose to make your repayments on a weekly, fortnightly, or monthly basis.  

You can use Canstar’s personal loan calculator to get a clearer picture of what a loan might cost. Simply enter the amount you want to borrow,the term, and interest rate to see how your repayments could look. 


How important is the interest rate on your loan?

The interest rate can make a huge difference to a loan’s overall cost. For a loan of $50,000, the difference in repayments at a higher rate versus a lower one could be thousands of dollars–all out of your pocket. 

As an example, we considered what it might cost to borrow $50,000 over a three-year term with an interest rate of 5% p.a., 10% p.a., or 15% p.a.:

  • 5% p.a. interest rate: Your monthly repayment would be around $1,499, and you’d pay approximately $3,948 in interest.
  • 10% p.a. interest rate: Your monthly repayment would be around $1,613, and you’d pay approximately $8,081 in interest. 
  • 15% p.a. interest rate: Your monthly repayment would be around $1,733, and you’d pay approximately $12,398 in interest. 

This goes to show it pays to shop around and find a provider willing to offer you a low rate.  


What are the fees on a $50,000 loan?

When calculating the cost of a personal loan, you’ll need to take more than the interest rate into account. You’ll also be charged fees, which can include: 

  • Establishment or application fees: Some lenders charge these for the cost of setting up a personal loan. 
  • Ongoing fees: Some lenders also charge a fee for maintaining your loan. Over a longer term, these can really start to bite.
  • Late payment fees: If you miss a repayment, many lenders will hit you with a late fee.
  • Early repayment fees: Some lenders charge a fee if you repay your loan early, often to make up for lost interest. 

When weighing up your personal loan options, it’s important to check the comparison rate. This figure combines the cost of interest with standard fees and charges, to give you an idea of the true annual cost of a loan, and lenders are legally required to display it alongside their interest rates. 

The comparison rate only includes certain predictable costs, like application and ongoing fees. It does not take into account the cost of any nonstandard fees, such as late fees. 

Because of this, it’s always worth looking closely at a personal loan’s terms and conditions before you apply. A low rate personal loan might not be as cheap as you think once you factor fees and charges in.


How can I use a $50,000 personal loan? 

A $50,000 personal loan could be used for various purposes, including: 

When you apply for a personal loan, lenders will typically ask you to specify your purpose. This could affect your application’s chance of approval, as some lenders may be more willing to lend money for certain purposes than others.


Am I eligible for a $50,000 personal loan?

When applying for a personal loan, you’ll need to show the lender you’re trustworthy as a borrower, and you have the ability to make your repayments. 

You’ll also typically need to:

  • Be aged over 18
  • Be an Australian citizen or permanent resident
  • Have a job 
  • Have an acceptable credit score

Generally speaking, the higher your credit score, the more attractive you will be as a customer. Lenders often offer their lowest interest rates to customers with the highest credit scores.

If you have other sources of debt, such as car or home loan or another personal loan, this may make you riskier in the eyes of a lender and could make it harder for you to get loan approval.


What’s the difference between a secured and unsecured personal loan?

Unsecured personal loans don’t require you to put up a valuable asset as collateral. Because this is riskier for lenders, unsecured personal loans tend to have higher interest rates than secured ones. 

A secured loan is one where you use an asset that you own, like a car or equity in your home, as collateral. Offering up an asset reduces risk for a lender, and as a result, they may offer you a lower rate. 


How do I compare $50,000 personal loans?

You can compare a wide range of personal loans from our Online Partners by using the comparison tool at the top of this page. Alternatively, you can answer some quick questions and let us help you find some options that you might be eligible for. 

When comparing personal loans, some key factors to look at include:

  • The interest rate and the comparison rate
  • Whether the rate is fixed or variable 
  • The fees and charges 
  • The loan term 
  • Whether the loan can be used for your desired purpose 
  • Whether the loan allows you to make additional repayments, for free or for a fee 

FAQs about $50,000 personal loans

About our personal loan experts

Alasdair Duncan is Canstar's Deputy Finance Editor, specialising in home loans, property and lifestyle topics. He has written more than 500 articles for Canstar and his work is widely referenced by other publishers and media outlets, including Yahoo Finance, The New Daily, The Motley Fool and Sky News. He has featured as a guest author for property website homely.com.au. In his more than 15 years working in the media, Alasdair has written for a broad range of publications.

Before joining Canstar, he was a News Editor at Pedestrian.TV, part of Australia’s leading youth media group. His work has also appeared on ABC News, Junkee, Rolling Stone, Kotaku, the Sydney Star Observer and The Brag. He has a Bachelor of Laws (Honours) and a Bachelor of Arts with a major in Journalism from the University of Queensland, and has completed a RG146 compliance training course. When he is not writing about finance for Canstar, Alasdair can probably be found at the beach with his two dogs or listening to podcasts about pop music. You can follow Alasdair on LinkedIn.

Brooke Cooper is Canstar’s Finance Editor, leading the team’s coverage of home loans, consumer finance, and economics. With years of specialist experience, she dedicates herself to helping Australian households feel empowered about managing their money. Her work and expertise have appeared across a variety of comparison industry sites and media outlets including Yahoo Finance, ABC Radio, and The Motley Fool. Brooke holds a Bachelor of Communication, specialising in journalism and international studies, from Charles Sturt University. When she’s not keeping a close eye on the RBA cash rate or property trends, she loves getting out into nature, picnicking in the park with her dog, and window shopping in antique stores. You can follow Brooke on LinkedIn.

Important Information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.