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Low Rate Personal Loan Unsecured (Excellent Credit)
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No extra repayment or early exit fees. Funding approved in 24 hours. Up to $75,000 loan amount
RateCity Says: Pay no ongoing fees, and avoid being penalised for paying off your personal loan early.
Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2021
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Explore
5.45
% p.a
Fixed up to 7.05%
6.07
% p.a
Fixed up to 7.4%
$250
$2k to $75k
based on $20,000 loan amount for 3 years at 5.45%
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5.45
% p.a
Fixed up to 7.05%
6.07
% p.a
Fixed up to 7.4%
$250
$2k to $75k
based on $20,000 loan amount for 3 years at 5.45%
Calculate your repayments for this loan
Your estimated repayment
$603
based on $20,000 loan amount for 3 years at 5.45%
Quick personal loan review
For Low Rate Personal Loan Unsecured (Excellent Credit)
These are the benefits of this personal loan.
- Interest rates ranked in the best 20%
- No ongoing fees
- No early exit penalty
- Flexible repayment options
- No security required
- Can apply online
- Use the loan for any worthwhile purpose
- Fast time to funding
- Features on 2021 RateCity Awards
These are the drawbacks of this personal loan.
- Higher than average application fee
- Cannot apply in branch
Personal loan overview
For Low Rate Personal Loan Unsecured (Excellent Credit)
- Details
- Features
- Fees
- Permitted Loan Purposes
- Application method
Details
Total repayments $21,725 | Interest rate type Fixed |
Borrowing range $2k - $75k | Security type Unsecured |
Loan term 1 year to 7 years | Secured by |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding 24 hours |
Fees
Upfront Fee $250 | Ongoing Fee $0 |
Missed Payment Penalty $25 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Debt Consolidation | Renovation |
Holidays | Medical Bill |
Shares | Student Loan |
Wedding |
Application method
Online | Phone |
Broker | In branch |
- Other No extra repayment or early exit fees. Funding approved in 24 hours. Up to $75,000 loan amount
Target Market Determination
Visit OurMoneyMarket to view Target Market Determination.
Other Benefits
Dealership or Private Sale Acceptable. Age of Vehicle: Happy to accept all ages, though if greater than 7 years the interest rate will be greater than standard pricing. Income Assessment: 100% Illion Bank Statement.
Other Restrictions
Available loan amounts range from $2,001 to $75,000, for loan terms from 1 to 7 years. Comparison rate is based on a $30,000 fixed rate loan over a 5-year term to a borrower with excellent credit. WARNING: 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. Establishment fee applies for most borrowers. Credit is subject to OurMoneyMarket's standard terms and conditions and lending criteria. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence No. 488228.