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📉

Lowest Variable Rate

Variable-rate personal loans ranked by the lowest comparison rate.

#1
🏘️
Green Upgrades Loan (with mortgage)
Unity Bank
5.55%
+

Rate Details

Advertised rate5.55%
Comparison rate5.55%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#2
🏦
Green Upgrades Loan (with mortgage)
G&C Mutual Bank
5.55%
+

Rate Details

Advertised rate5.55%
Comparison rate5.55%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#3
🏦
Green Car Loan
bankWAW
5.57%5.54% adv
+

Rate Details

Advertised rate5.54%
Comparison rate5.57%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application fee$150
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
—Redraw facility
—Flexible repayment frequency
#4
🏦
Green Upgrades Loan
G&C Mutual Bank
6.05%
+

Rate Details

Advertised rate6.05%
Comparison rate6.05%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#5
🏘️
Green Upgrades Loan
Unity Bank
6.05%
+

Rate Details

Advertised rate6.05%
Comparison rate6.05%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#6
🏦
BEGREEN LOAN
First Option Bank
6.23%6.74% adv
+

Rate Details

Advertised rate6.74%
Comparison rate6.23%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application fee$175
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#7
🏦
RESIDENTIALLY SECURED PERSONAL LOAN
Bank of us
6.57%6.29% adv
+

Rate Details

Advertised rate6.29%
Comparison rate6.57%
Loan typeSecured · Variable
Term—
Amount$3,000 – $100,000

Fees

Application fee$200
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#8
🏦
Personal Loan-Secured New Car
Queensland Country Bank
6.63%5.99% adv
+

Rate Details

Advertised rate5.99%
Comparison rate6.63%
Loan typeSecured · Variable
Term—
Amount—

Fees

Application fee$150
Monthly fee$5/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#9
🏦
Electric Vehicle Loan
Woolworths Team Bank
6.63%6.19% adv
+

Rate Details

Advertised rate6.19%
Comparison rate6.63%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
—Redraw facility
—Flexible repayment frequency
#10
🏘️
Community Support Loan
Unity Bank
6.65%5.60% adv
+

Rate Details

Advertised rate5.60%
Comparison rate6.65%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly fee$2/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#11
🏦
Community Support Loan
G&C Mutual Bank
6.65%5.60% adv
+

Rate Details

Advertised rate5.60%
Comparison rate6.65%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly fee$2/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#12
🏦
Personal Loan-Green Reno
Queensland Country Bank
6.74%
+

Rate Details

Advertised rate6.74%
Comparison rate6.74%
Loan typeUnsecured · Variable
Term—
Amount$3,000 – $60,000

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#13
🏦
Personal Saving Freeze
Horizon Bank
6.75%6.54% adv
+

Rate Details

Advertised rate6.54%
Comparison rate6.75%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#14
🏦
Personal Loan
Bank of us
6.77%6.49% adv
+

Rate Details

Advertised rate6.49%
Comparison rate6.77%
Loan typeUnsecured · Variable
Term—
Amount$3,000 – $80,000

Fees

Application fee$200
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#15
🏦
L35 Chief Car Loan
Fire Service Credit Union
6.83%6.49% adv
+

Rate Details

Advertised rate6.49%
Comparison rate6.83%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application fee$250
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#16
🏦
Staff Personal Loan
Coastline Bank
6.90%
+

Rate Details

Advertised rate6.90%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application fee$300
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#17
🏦
New Car Loan
Woolworths Team Bank
6.93%6.49% adv
+

Rate Details

Advertised rate6.49%
Comparison rate6.93%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
—Redraw facility
—Flexible repayment frequency
#18
🏦
Solar Eco Loan - Variable
Police Credit Union Ltd
6.98%
+

Rate Details

Advertised rate6.98%
Comparison rate6.98%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#19
🏦
Accelerator Car Loan
Regional Australia Bank
7.05%6.74% adv
+

Rate Details

Advertised rate6.74%
Comparison rate7.05%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#20
🏦
New Car Loan
BCU Bank
7.05%6.74% adv
+

Rate Details

Advertised rate6.74%
Comparison rate7.05%
Loan typeUnsecured · Variable
Term—
Amount$4,000 – $150,000

Fees

Application fee$200
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#21
🏦
Personal Loan
QBANK
7.12%6.49% adv
+

Rate Details

Advertised rate6.49%
Comparison rate7.12%
Loan typeUnsecured · Variable
Term—
Amount$1,000 – $150,000

Fees

Application feeFree
Monthly fee$5/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
—Redraw facility
—Flexible repayment frequency
#22
🏦
Used Car Loan
Defence Bank
7.17%6.39% adv
+

Rate Details

Advertised rate6.39%
Comparison rate7.17%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly fee$10/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#23
🏦
New Car Loan
Defence Bank
7.17%6.39% adv
+

Rate Details

Advertised rate6.39%
Comparison rate7.17%
Loan typeUnsecured · Variable
Term—
Amount—

Fees

Application feeFree
Monthly fee$10/mo
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
✅Flexible repayment frequency
#24
🏦
Car Loan
Gateway Bank
7.25%7.04% adv
+

Rate Details

Advertised rate7.04%
Comparison rate7.25%
Loan typeUnsecured · Variable
Term—
Amount$3,000 – $75,000

Fees

Application fee$149
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency
#25
🏦
New Car Loan
ORANGE CREDIT UNION LTD
7.26%6.89% adv
+

Rate Details

Advertised rate6.89%
Comparison rate7.26%
Loan typeUnsecured · Variable
Term—
Amount$5,000 – $120,000

Fees

Application fee$265
Monthly feeNone
Annual feeFree
Early repayment feeFree

Features

✅Extra repayments
✅Early payout allowed
✅Redraw facility
—Flexible repayment frequency

These rankings rate every personal loans on one figure. Answer a few questions to see the ones that fit you →

As of 16 September 2026, the lowest variable-rate personal loan comparison rate tracked by BankMate is 5.55% from Unity Bank (Green Upgrades Loan (with mortgage)). How we rank →