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  • Your online
    personal loan broker

    We search 100's of personal loan options to help you find a lender.

    • 100% online
    • Easy application
    • Fast Outcomes

    Loan Amount

    - $1,500 +

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    Low Interest Personal Loans

    A low interest personal loan?

    We all want to pay less for things in life. Finding the right loan is no different and locating the best available low interest personal loans is no easy feat. You can trawl the internet for hours at a time looking over various lender websites, which is frankly not the best use of one’s time. The key thing to identify as a consumer in search of a low interest personal loan, is how much will it cost you overall? Shopping around for the right loan doesn’t need to be an arduous task, as you can always compare the cost of the loan upfront using our calculator.

    Another thing to remember – lenders are always competing for business, so therefore the cheapest and more popular loans are normally the ones with the best rates. Other aspects come into consideration such as how flexible the lender might be, for example – can you settle your balance early? How long will the application take and how quickly can you receive your money?

    How to find the best loan rates

    With our comparison service, you can identify which lenders offer the lowest interest personal loan rates available to you. Some of our lenders offer both fixed and variable interest rates, with loan amounts from $2001 up to $50,000, with the option to pay back over 61 days, to up to 7 years. To decide on which lender meets your criteria, you need to know:

    • How much do you want to borrow?
    • How long do you want to borrow for?

    Which personal lender is right for you?

    Firstly, you need to check if you meet their criteria, which will depend on your financial situation. You can see each lender’s minimum criteria by looking at their profile page. For example, if a provider only issues loans to customers with a minimum basic annual salary of $40,000 and you earn less than that, it’s likely you won’t be considered for a personal loan. Therefore, you should contemplate applying with another lender that is within your means. Friendly Finance highlights each lender’s basic criteria to help you make a more informed decision.

    A loan is a big commitment, so when you are looking for the best loan deals, as well as the associated fees, there are several other things to reflect on:

    • Can you afford the monthly repayments?
    • Are your circumstances likely to change soon that could affect your ability to make repayments?
    • Will the lender allow you to pay back your loan early if you want to?
    • Is there an initiation fee?
    • Can you take a payment break or defer your loan payments if you need to?

    Why we can assist

    Friendly Finance helps guide Australians find the right financial solution. Our online comparison table is an efficient way to compare low interest personal loan products from different alternative providers. We are here to save you time and money. We are your financial helping hand and we strive to make sure your experience as easy and convenient as possible.

    • SMALL LOANS
    • MEDIUM LOANS
    • LARGE LOANS

    Loan amount

    $300 - $2,000

    Terms

    12 months

    Costs

    20% upfront establishment fee

    + 4% monthly fee

    Example

    Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

    Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

    Loan amount

    $2,001 - $4,600

    Terms

    13 months

    24 months

    Costs

    48% annual percantage rate

    67.41% comparison rate p.a.

    Example

    Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

    This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

    Loan amount

    $5,000 - $15,000

    Terms

    13 months

    24 months

    Costs

    21.24% annual percantage rate

    48% comparison rate p.a.

    Example

    Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

    This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

    Let's find a loan for you.

    We research hundreds of consumer finance options to help you make the right decision. Apply today and get a loan especially just for you.

    HOW IT WORKS

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    FURTHER INFORMATION

    • Terms and Conditions
    • Privacy Policy
    Marketplace Finance Pty Ltd with ACN 608 607 227 and ACL 487316 is trading as Friendly Finance. Friendly Finance does not make finance or credit decisions and is not a provider. Friendly Finance helps customers find financial partners that meet their requirements.Financial partners may wish to obtain credit reports as part of the decision process. The line of credit available will vary depending on the financial provider. In order to help the government fight identity theft, the funding of terrorism and money laundering activities, providers may verify and record customer information. This website does not directly endorse a particular product and service.Any information on this website should be taken as opinion only.
    WARNING: Do you really need a loan today?*

    It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.


    Check your options before you borrow:

    • For information about other options for managing bills and debts, call 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
    • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
    • If you are on government benefits, ask if you can receive an advance from Centrelink: www.humanservices.gov.au/advancepayments.

    The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

    *This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.