MoneyPlace Unsecured personal loan

UnsecuredFixed rate

Unsecured personal loans

6.89%

interest rate a year, from

6.89%

comparison rate, from

What it would cost

At the lowest published rate of 6.89%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

BorrowOver

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

6.89%

From 6.89%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$3,699

Interest and fees at its starting rate. Typical is $5,455.

Most you can borrow

$80,000

Typically you can borrow up to $50,000.

A lower starting rate. Its comparison rate starts at 6.89%, below the typical 10.56%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
One rate for everyone. Everyone approved gets 6.89%, so the rate you see is the rate you get.
Room to borrow more. Up to $80,000, more than the typical $50,000, which can cover bigger costs in one loan.
A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
Redraw. You can take back extra repayments later if you need the money.
A soft check on your rate. You can see the rate you'd get without it showing on your credit report.

An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
A $25 late payment fee. Setting up automatic repayments avoids it.

Unsecured loans from other lenders that start at a similar comparison rate.