The lowest personal loan rates at the big four banks.
- First7.90%comparison rateCar LoanWestpacSecured · Fixed rate · 6.49% advertised · $250 to apply · $15 a month · $10k–$130k · Up to 7 yearsGo to site
- Second8.18%comparison rateANZ Variable Rate Personal LoanANZUnsecured · Variable rate · 7.49% advertised · $150 to apply · $10 a month · $5k–$75kGo to site
- Third8.18%comparison rateANZ Fixed Rate Personal LoanANZUnsecured · Fixed rate · 7.49% advertised · $150 to apply · $10 a month · $5k–$75k · Up to 7 yearsGo to site
Ranked by comparison rate, lowest first (the advertised rate where a lender publishes no comparison rate). Leaves out every lender other than Commonwealth Bank, Westpac, ANZ and NAB. Compares 4 lenders, not the whole market.
Comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as each loan is. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The other 6 personal loans
Ranked by comparison rate, lowest first (the advertised rate where a lender publishes no comparison rate). All 6: $15 a month · Up to 7 years.
| # | Personal loan | Security | Rate | Advertised | To apply | Borrow | Big four banks | Links |
|---|---|---|---|---|---|---|---|---|
| 4 |  | Secured | Fixed | 6.79% | $250 | $4k–$120k | 8.20%comparison rate0.30 above first ranked | Go to site |
| 5 |  | Secured | Fixed | 6.74% | $350 | $10k–$100k | 8.29%comparison rate0.39 above first ranked | Go to site |
| 6 | | Unsecured | Variable | 6.99% | $250 | $4k–$50k | 8.40%comparison rate0.50 above first ranked | Go to site |
| 7 | | Unsecured | Fixed | 7.50% | $0 | $5k–$55k | 8.41%comparison rate0.51 above first ranked | Go to site |
| 8 | | Unsecured | Fixed | 7.25% | $250 | $4k–$50k | 8.65%comparison rate0.75 above first ranked | Go to site |
| 9 |  | Unsecured | Fixed | 7.29% | $250 | $4k–$70k | 8.69%comparison rate0.79 above first ranked | Go to site |
- 4Secured Fixed Rate Car LoanCommonwealth Bank8.20%comparison rate0.30 above first rankedSecured · Fixed rate · 6.79% advertised · $250 to apply · $4k–$120k
- 5NAB Car Loan8.29%comparison rate0.39 above first rankedSecured · Fixed rate · 6.74% advertised · $350 to apply · $10k–$100k
- 6Unsecured Variable Rate Personal LoanCommonwealth Bank8.40%comparison rate0.50 above first rankedUnsecured · Variable rate · 6.99% advertised · $250 to apply · $4k–$50k
- 7NAB Personal Loan8.41%comparison rate0.51 above first rankedUnsecured · Fixed rate · 7.50% advertised · $5k–$55k
- 8Unsecured Fixed Rate Personal LoanCommonwealth Bank8.65%comparison rate0.75 above first rankedUnsecured · Fixed rate · 7.25% advertised · $250 to apply · $4k–$50k
- 9Unsecured Personal LoanWestpac8.69%comparison rate0.79 above first rankedUnsecured · Fixed rate · 7.29% advertised · $250 to apply · $4k–$70k
Comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as each loan is. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Ranked here on the advertised rate. The questions price each loan on your amount, term and what it’s for.
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As of 1 November 2026, the lowest Big 4 personal loan comparison rate tracked by BankMate is 7.90% from Westpac (Car Loan). How we rank