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Personal loan rates in Australia, September 2026

As of 17 September 2026, the lowest unsecured personal loan comparison rate tracked by BankMate was 5.55% from Unity Bank (Green Upgrades Loan (with mortgage)). The average across 212 unsecured loans was 17.13% (median 9.17%). The lowest secured rate was 5.64% from Credit Union SA, with secured loans averaging 8.46%. Fixed-rate loans averaged 22.06% against 10.18% for variable; 65 of 260 loans charged no application, monthly or annual fee. These are the lowest rates in each lender's published range, offered to the strongest applicants. No rate or fee changes were recorded during September 2026.

Lowest unsecured rates

212 loans · as of 17 September 2026
  1. 🏘️
    1
    5.55%comparison · 5.55% advertised
    Unity BankGreen Upgrades Loan (with mortgage)Unsecured · Variable · No fees
    Go to site
  2. 🏦
    2
    5.55%comparison · 5.55% advertised
    G&C Mutual BankGreen Upgrades Loan (with mortgage)Unsecured · Variable · No fees
    Go to site
  3. 🏦
    3
    5.57%comparison · 5.54% advertised
    bankWAWGreen Car LoanUnsecured · Variable · Car
    Go to site
  1. 4
    🚀
    MOVE Bank Move Car LoanUnsecured · Fixed · Car · No fees5.99%
  2. 5
    🏦
    G&C Mutual Bank Green Upgrades LoanUnsecured · Variable · No fees6.05%
  3. 6
    🏘️
    Unity Bank Green Upgrades LoanUnsecured · Variable · No fees6.05%
  4. 7
    🏦
    First Option Bank BEGREEN LOANUnsecured · Variable6.23%
  5. 8
    🏦
    Bank Australia Fixed Car LoanUnsecured · Fixed · Car6.29%
  6. 9
    🏦
    People's Choice and Heritage Green Car LoanUnsecured · Fixed · Car6.34%
  7. 10
    🏦
    Firefighters Mutual Bank Fixed Rate Car LoanUnsecured · Fixed · Car6.40%
Compare all 260

Ranked by comparison rate, which folds fees into the rate on a $30,000 loan over five years (the ASIC standard); the advertised rate is shown beside it. Lenders publish the lowest rate in their range; the rate offered depends on credit assessment. Fixed averaged 22.06% against 10.18% variable.

Secured and car loans

48 loans · average 8.46%
  1. 1
    🏦
    Credit Union SA Green Loan SecuredSecured · Fixed5.64%
  2. 2
    🏦
    Bank of us RESIDENTIALLY SECURED PERSONAL LOANSecured · Variable6.57%
  3. 3
    🌳
    Bendigo Bendigo Secured Green Personal Loan Secured · Fixed6.61%
  4. 4
    🏦
    Queensland Country Bank Personal Loan-Secured New CarSecured · Variable · Car6.63%
  5. 5
    🏦
    Greater Bank Limited New Car LoanSecured · Fixed · Car6.63%

Loans secured against an asset, usually the car being bought, which is why they price below unsecured loans.

The Big 4

Lowest unsecured comparison rate at each
  • 🏦
    8.30%
    Commonwealth BankUnsecured Fixed Rate Personal Loan
  • 🏢
    7.16%
    WestpacCar Loan
  • 🏛️
    8.18%
    ANZANZ Fixed Rate Personal Loan
  • 🏪
    7.55%
    NABNAB Car Loan

Changes in September

Rate cuts

None recorded this month.

Rate rises

None recorded this month.

Fees

No fee changes were recorded this month.

How this report is produced

Data
Each lender's Consumer Data Right (open banking) product feed, re-read nightly. A change is recorded when a loan's published comparison rate, advertised rate or fees differ from the last value stored.
Figures
This is the current month, so the tables show live rates. Changes compare the last value before the month with the last value within it. 261 history entries fall in this month. Tracking began in September 2026.
Scope
Personal loans open to Australian residents, as listed on BankMate, across 66 lenders. Not financial advice. Methodology · Today's full ranking