Personal loan report
Personal loan rates in Australia, month by month
Each report is a dated snapshot generated from the same open-banking data that powers the comparison: the lowest unsecured and secured comparison rates, fixed against variable, how many loans charge no fees, the Big 4, and every rate or fee change recorded in the month. Lenders publish the lowest rate in their range, so these are the rates a strong applicant is offered, not what everyone gets. Nothing is written by hand, so a figure quoted from a report can be traced to the lender's own published rate on that date.
As of 17 September 2026, the lowest unsecured personal loan comparison rate tracked by BankMate is 5.55% p.a. from Unity Bank (Green Upgrades Loan (with mortgage)), and the average across 212 unsecured loans is 17.13%.