Switch and save with personal loans from 3.65%
Compare your options with RateCity's personal loan switch and save calculator. Calculate repayments and potential savings when switching to a different personal loan product.
Calculate your personal loans repayments and savings when switching your personal loans from the Big 4 banks
Borrowers who have switched to smaller, more competitive lenders are saving hundreds of dollars every month. With rates well under 10% now, there’s no better time to switch. Compare your car loan rate against the latest deals:
Advertised Rate 5.75% Variable up to 7.99% | Comparison Rate* 6.47% | Company  | Save by switching $3,848 total savings | Repayment $140 based on $20,000 loan amount for 3 years at 6.47% | Upfront Fee 0% of loan amount up to 5% | Go to site | Enjoy the flexibility of a variable-rate personal loan on a competitive interest rate. More details | Highlighted | |
Advertised Rate 6.39% Fixed up to 8.69% | Comparison Rate* 6.39% | Company  | Save by switching $3,639 total savings | Repayment $141 based on $20,000 loan amount for 3 years at 6.39% | Upfront Fee $0 up to $849 | Go to site | Enjoy lower rates and no early repayment fees with an unsecured loan. More details | ||
Advertised Rate 6.95% Fixed up to 8.99% | Comparison Rate* 6.95% | Company  | Save by switching $3,455 total savings | Repayment $142 based on $20,000 loan amount for 3 years at 6.95% | Upfront Fee $0 | Go to site | An unsecured personal loan with a competitive interest rate and no ongoing or extra repayments fees, giving you the flexibility to pay it off faster. | Winner of Excellent credit personal loans, RateCity Gold Awards 2021 More details | |
Advertised Rate 6.75% Fixed up to 7.05% | Comparison Rate* 7.10% | Company  | Save by switching $3,521 total savings | Repayment $142 based on $20,000 loan amount for 3 years at 7.10% | Upfront Fee $250 | Go to site | Pay no ongoing fees, and avoid being penalised for paying off your personal loan early. More details | ||
Advertised Rate 6.99% Fixed up to 9.49% | Comparison Rate* 6.99% | Company  | Save by switching $3,442 total savings | Repayment $142 based on $20,000 loan amount for 3 years at 6.99% | Upfront Fee $395 of loan amountup to $995 Establishment fee from 0% | Go to site | More details | ||
Advertised Rate 6.49% Fixed up to 8.5% | Comparison Rate* 7.14% | Company  | Save by switching $3,606 total savings | Repayment $141 based on $20,000 loan amount for 3 years at 7.14% | Upfront Fee $0 | Go to site | More details | ||
Advertised Rate 5.95% Fixed up to 17.95% | Comparison Rate* 5.95% | Company  | Save by switching $3,783 total savings | Repayment $140 based on $20,000 loan amount for 3 years at 5.95% | Upfront Fee $0 | Go to site | More details | ||
Product | Advertised Rate 5.99% Fixed up to 21.99% | Comparison Rate* 7.26% | Company  | Save by switching $3,769 total savings | Repayment $140 based on $20,000 loan amount for 3 years at 7.26% | Upfront Fee $140 up to $250 . $140 for loans < $5000. $250 for loans > $5000 | Go to site | More details | |
Advertised Rate 9.39% Fixed | Comparison Rate* 9.64% | Company  | Save by switching $2,643 total savings | Repayment $147 based on $20,000 loan amount for 3 years at 9.64% | Upfront Fee $175 | Go to site | More details | ||
Advertised Rate 12.69% Variable | Comparison Rate* 13.56% | Company  | Save by switching $1,518 total savings | Repayment $154 based on $20,000 loan amount for 3 years at 13.56% | Upfront Fee $0 | Go to site | More details |
*How we came up with our estimates?
- Estimated savings are calculated by averaging the personal loan interest rates from Australia’s big four banks; averaging the four lowest interest rates for personal loans available through RateCity; and comparing the cost difference when these average interest rates are applied to a $20,000 loan with a three-year term and monthly repayments.
- These estimated savings calculations were made on 8 March 2018.
- Estimated savings are not a guarantee or projection of future savings.
Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.