Compare Personal Loans NSW 2026 - Best Rates from Top Lenders

Q: What is the best personal loan rate in NSW in 2026?

The best personal loan rates available to NSW borrowers in 2026 start from 6.99% p.a. for secured loans (Plenti) and 7.49% p.a. for unsecured fixed loans (SocietyOne). Major banks like CommBank and ANZ typically price personal loans a couple of percentage points above the lowest online lenders on our panel. Your actual rate depends on your credit score, income, loan amount and whether you offer security. Borrowers with credit scores above 800 typically access the lowest advertised rates.

Q: How much can I borrow with a personal loan in New South Wales?

Most lenders available to NSW borrowers offer personal loans from $2,000 to $75,000. Your borrowing capacity depends on your income, existing debts, living expenses and credit history. The median household income in NSW is approximately $110,000, which typically supports borrowing of $20,000-$50,000 depending on other commitments. Sydney residents may face higher living expense assessments due to the higher cost of living.

Q: Can I get a same-day personal loan in Sydney?

Yes, several online lenders offer same-day approval and funding for NSW borrowers. Plenti, SocietyOne and Wisr can approve and fund loans within hours if you apply early in the business day with complete documentation. Major banks typically take 1-3 business days. Same-day loans are usually unsecured and may have slightly higher rates than secured alternatives.

Q: What credit score do I need for a personal loan in NSW?

Most mainstream lenders require a credit score above 600 (Equifax scale) for personal loans. Scores above 700 qualify for competitive rates, and above 800 accesses the best rates from 5.54%. If your score is 500-600, specialist lenders like Pepper Money may approve you at higher rates (11.99%+). Below 500 limits options significantly. You can check your credit score for free through Equifax or Illion before applying.

Q: Should I get a secured or unsecured personal loan?

Secured loans offer rates 1-3% lower than unsecured loans because the lender holds an asset as security. A secured car loan might be 6.99% versus 9.99% unsecured. Choose secured if you are purchasing a car or have an asset to offer as security. Choose unsecured if you need flexibility, are consolidating debts, or do not want to risk an asset. In NSW, secured loans are popular for vehicle purchases given Sydney's reliance on cars.

Q: What fees do personal loans charge in Australia?

Common fees include establishment fees ($0-$400), monthly account fees ($0-$15), early repayment fees ($0-$500 for fixed loans), and late payment fees ($15-$35). Many online lenders now offer fee-free personal loans. Always check the comparison rate which factors in most fees. For a $25,000 loan over 5 years, fees can add $500-$2,000 to the total cost depending on the lender.

Q: Can I use a personal loan for home renovations in NSW?

Yes, personal loans are commonly used for home renovations in NSW. For renovations under $50,000, a personal loan can be faster and simpler than a construction loan or mortgage top-up. You do not need to provide quotes or invoices to most lenders for unsecured loans. However, if renovating above $50,000, consider a home equity loan or mortgage top-up for a lower rate.

Q: How do I compare personal loans effectively?

Focus on the comparison rate rather than the headline rate, as it includes most fees. Compare like-for-like: same loan amount, term, and type (secured vs unsecured). Check for early repayment fees if you plan to pay off early. Read the fine print for ongoing fees. Use our comparison table above to sort by rate, type and features. Consider the total cost of the loan over the full term, not just the monthly repayment.

Q: Is it harder to get a personal loan in Sydney due to cost of living?

Lenders assess your expenses using the Household Expenditure Measure (HEM) or your actual declared expenses, whichever is higher. Sydney's higher cost of living (rent, transport, childcare) can reduce your borrowing capacity compared to regional NSW. However, Sydney's higher average incomes ($120,000+ median household) often offset this. Ensuring you have minimal existing debts and a clean credit history improves your chances regardless of location.

Q: Can I refinance an existing personal loan to a lower rate?

Yes, refinancing a personal loan to a lower rate can save significant money. If you took out a loan when rates were higher or your credit score has improved, you may qualify for a better rate. Check for early exit fees on your current loan first. For example, refinancing a $20,000 loan from 12% to 8% saves approximately $1,600 over 3 years. Apply for the new loan before closing the old one to ensure approval.

Compare personal loan rates available to New South Wales residents. Find secured, unsecured, fixed and variable loans from major banks and online lenders. Rates from 5.54% p.a. on a $25,000 loan over 5 years.

Rates updated 5 September 2026

Loan purpose

Loan term

Loan amount

100% free. No impact on your credit score.

Compare personal loan rates New South Wales

Where NSW personal loan rates sit today

Rates easing

4.35%

RBA Cash Rate

Held at 4.35% - 11 Aug 2026

$25K

Median Loan Size

Largest average in Australia

From 5.64%

Lowest Secured Rate

5.64% comparison rate

Sydney borrowers typically take out larger personal loans (~$25K median) due to higher living costs. The RBA has held the cash rate at 4.35%, after lifting it from 4.10% in March 2026 and secured rates from 5.64%, NSW borrowers can access competitive pricing from both major banks and online lenders.

Rates from 5.54% p.a. Loans $2,000-$75,000 Same-day approval available Free comparison

Best Personal Loan Rates in New South Wales

New South Wales residents can access personal loans from major banks, credit unions and online lenders. Monthly repayments shown below are based on a $25,000 loan over 5 years. Rates current as of 20 May 2026.

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($25k/5yr)	Type	Features
BankWAW	Green Car Loan	5.54%	5.57%	$478	Variable
Credit Union SA	Green Loan Secured	5.64%	5.64%	$479	Fixed	Redraw
Liberty Financial	Secured personal loan	5.67%	6.10%	$479	Fixed
Westpac	Car Loan	5.74%	7.16%	$480	Fixed	Digital banking
NAB	NAB Car Loan	5.99%	7.55%	$483	Fixed
ING	ING Personal Loan	6.19%	7.03%	$486	Fixed	Digital banking
WOOLWORTHS TEAM BANK	Electric Vehicle Loan	6.19%	6.63%	$486	Variable
IMB Bank	New Car Loan	6.24%	6.59%	$486	Fixed	Digital banking
Bendigo Bank	Bendigo Secured Green Personal Loan	6.24%	6.61%	$486	Fixed	Redraw
Bank of us	RESIDENTIALLY SECURED PERSONAL LOAN	6.29%	6.57%	$487	Variable	NPP, Redraw, Digital banking
Bank Australia	Fixed Car Loan	6.29%	6.29%	$487	Fixed	Digital banking, Redraw
Liberty Financial	Unsecured personal loan	6.30%	6.30%	$487	Fixed
Defence Bank Limited	New Car Loan	6.39%	7.17%	$488	Variable	Redraw, Digital banking
Defence Bank Limited	Used Car Loan	6.39%	7.17%	$488	Variable	Redraw, Digital banking
A-Auswide Bank	CAR LOAN	6.48%	7.19%	$489	Fixed	Redraw
Bank of us	Personal Loan	6.49%	6.77%	$489	Variable	Redraw, Digital banking, NPP
St. George Bank	Secured Fixed Personal Loan	6.49%	7.90%	$489	Fixed	Digital banking
Bank of Melbourne	Secured Fixed Personal Loan	6.49%	7.90%	$489	Fixed	Digital banking
BankSA	Secured Fixed Personal Loan	6.49%	7.90%	$489	Fixed	Digital banking
Westpac	Car Loan	6.49%	7.90%	$489	Fixed	Digital banking
Westpac	Car Loan	6.49%	7.90%	$489	Fixed	Digital banking
WOOLWORTHS TEAM BANK	New Car Loan	6.49%	6.93%	$489	Variable
NORTHERN INLAND CREDIT UNION LTD.	Green Loan	6.49%	6.49%	$489	Fixed	Redraw, Digital banking
Credit Union SA	Education Community online-only Special Fixed Rate Personal Loan	6.69%	6.69%	$491	Fixed	Redraw
NAB	NAB Car Loan	6.74%	8.29%	$492	Fixed
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$493	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$493	Fixed	Digital banking
Bank of us	Personal Loan	6.99%	7.27%	$495	Variable	Redraw, Digital banking, NPP
Credit Union SA	Green Loan Secured	6.99%	7.34%	$495	Fixed	Redraw
Credit Union SA	Education Community Special Fixed Rate Personal Loan	6.99%	6.99%	$495	Fixed	Redraw
St. George Bank	Unsecured Fixed Personal Loan	7.00%	8.41%	$495	Fixed	Digital banking
St. George Bank	Unsecured Variable Personal Loan	7.00%	8.41%	$495	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Variable Personal Loan	7.00%	8.41%	$495	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Fixed Personal Loan	7.00%	8.41%	$495	Fixed	Digital banking
BankSA	Unsecured Variable Personal Loan	7.00%	8.41%	$495	Variable	Digital banking, Redraw
BankSA	Unsecured Fixed Personal Loan	7.00%	8.41%	$495	Fixed	Digital banking
IMB Bank	Secured Personal Loan	7.24%	7.59%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$498	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$498	Fixed	Digital banking
Westpac	Unsecured Personal Loan	7.29%	8.69%	$498	Fixed	Digital banking
Qudos Bank	Car Loan	7.29%	7.50%	$498	Variable
Bank Australia	Fixed Car Loan	7.29%	7.50%	$498	Fixed	Digital banking, Redraw
Credit Union SA	Green Loan Unsecured	7.29%	7.29%	$498	Fixed	Redraw
BankWAW	Small Green Loan	7.34%	7.37%	$499	Variable
BankWAW	Personal Loan Secured	7.34%	7.37%	$499	Variable
Bank of us	Personal Loan	7.49%	7.77%	$501	Variable	Redraw, Digital banking, NPP
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$501	Fixed
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$501	Fixed
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$501	Fixed
Bank Australia	Lifestyle Personal Loan	7.49%	8.52%	$501	Variable	Digital banking, Redraw
NAB	NAB Personal Loan	7.50%	8.41%	$501	Fixed	Redraw, Digital banking
NAB	NAB Personal Loan	7.50%	8.41%	$501	Variable	Redraw, Digital banking
Credit Union SA	Online-only Special Fixed Rate Personal Loan	7.69%	8.18%	$503	Fixed	Redraw
NORTHERN INLAND CREDIT UNION LTD.	Brand New Vehicle Loan	7.74%	8.30%	$504	Fixed	Redraw, Digital banking
CommBank	Unsecured Variable Rate Personal Loan	7.75%	8.79%	$504	Variable	Digital banking, Redraw
Unknown lender	Personal Loan - Secured	7.79%	8.04%	$504	Fixed	Redraw
A-Auswide Bank	UNSECURED PERSONAL LOANS	7.79%	8.49%	$504	Fixed	Redraw, NPP, PayID
WOOLWORTHS TEAM BANK	Used Car Loan	7.94%	8.39%	$506	Variable
Credit Union SA	Special Fixed Rate Personal Loan	7.99%	8.48%	$507	Fixed	Redraw
BankWAW	Personal Loan Secured Other	8.24%	8.27%	$510	Variable
Bendigo Bank	Bendigo Green Unsecured Personal Loan	8.24%	9.27%	$510	Fixed	Redraw
Liberty Financial	Low doc car loan	8.29%	8.29%	$510	Variable
Credit Union SA	Green Loan Unsecured	8.29%	8.64%	$510	Fixed	Redraw
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$513	Fixed
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$513	Fixed
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$513	Fixed
WOOLWORTHS TEAM BANK	PERSONAL	8.49%	10.71%	$513	Variable
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$516	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$516	Fixed	Digital banking
A-Auswide Bank	UNSECURED PERSONAL LOANS	8.98%	9.68%	$519	Fixed	Redraw, NPP, PayID
Bank of us	Personal Loan	8.99%	9.28%	$519	Variable	Redraw, Digital banking, NPP
Liberty Financial	Flexible car loan	8.99%	10.65%	$519	Variable
BankVic	Car Loan Fixed 1-5 Years	8.99%	9.12%	$519	Fixed	NPP, PayID
Credit Union SA	Education Community Fixed Rate Personal Loan	8.99%	8.99%	$519	Fixed	Redraw
Defence Bank Limited	Personal Loan	9.09%	10.06%	$520	Variable	Redraw, Digital banking
IMB Bank	Unsecured Personal loan	9.24%	9.60%	$522	Fixed	Digital banking
Qudos Bank	Personal Loan	9.49%	10.53%	$525	Variable
NORTHERN INLAND CREDIT UNION LTD.	Used Vehicle Loan	9.49%	10.32%	$525	Fixed	Redraw, Digital banking
Bank Australia	Lifestyle Personal Loan	9.49%	10.53%	$525	Variable	Digital banking, Redraw
Bendigo Bank	Bendigo Secured Student Personal Loan	9.54%	9.70%	$526	Fixed	Redraw
Bendigo Bank	Bendigo Secured Personal Loan	9.54%	10.26%	$526	Fixed	Redraw
Credit Union SA	Fixed Rate Personal Loan	9.99%	10.49%	$531	Fixed	Redraw
Westpac	Car Loan	10.29%	11.66%	$535	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$541	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$541	Fixed	Digital banking
Bank of us	Personal Loan	10.99%	11.28%	$543	Variable	Redraw, Digital banking, NPP
Bank of us	Personal Loan	10.99%	11.28%	$543	Variable	Redraw, Digital banking, NPP
WOOLWORTHS TEAM BANK	PERSONAL	11.64%	13.90%	$552	Variable
Bendigo Bank	Bendigo Unsecured Student Personal Loan	11.74%	11.74%	$553	Fixed	Redraw
BankVic	Personal Loan Variable	11.95%	12.08%	$555	Variable	NPP, PayID
BankWAW	Personal Loan Unsecured	12.04%	12.08%	$557	Variable
Liberty Financial	Fresh start car loan	12.49%	15.06%	$562	Variable
NORTHERN INLAND CREDIT UNION LTD.	Personal Loan Unsecured	12.49%	15.58%	$562	Fixed	Redraw, Digital banking
Credit Union SA	Education Community Variable Rate Personal Loan	12.60%	12.60%	$564	Variable	Redraw
NAB	NAB Car Loan	12.79%	14.29%	$566	Fixed
St. George Bank	Secured Fixed Personal Loan	12.99%	14.34%	$569	Fixed	Digital banking
Bank of Melbourne	Secured Fixed Personal Loan	12.99%	14.34%	$569	Fixed	Digital banking
BankSA	Secured Fixed Personal Loan	12.99%	14.34%	$569	Fixed	Digital banking
Westpac	Car Loan	12.99%	14.34%	$569	Fixed	Digital banking
NAB	NAB Car Loan	13.54%	15.03%	$576	Fixed
Credit Union SA	Variable Rate Personal Loan	13.60%	14.12%	$577	Variable	Redraw
Defence Bank Limited	Consolidation Loan	13.99%	14.93%	$582	Variable	Digital banking
WOOLWORTHS TEAM BANK	Personal Secured Loan	14.35%	16.65%	$586	Variable
Bendigo Bank	Bendigo Unsecured Personal Loan	14.54%	16.64%	$589	Fixed	Redraw
Unknown lender	Personal Loan - Unsecured	14.95%	15.18%	$594	Fixed	Redraw
Great Southern Bank	Green Car Loan	15.00%	7.58%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	9.08%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	12.59%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	6.23%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	10.58%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	11.59%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	6.63%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	8.33%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	9.83%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	13.34%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	11.34%	$595	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	12.34%	$595	Fixed	Digital banking, Redraw
WOOLWORTHS TEAM BANK	Personal Unsecured Loan	15.35%	17.66%	$599	Variable
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$611	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$611	Fixed	Digital banking
CommBank	Unsecured Variable Rate Personal Loan	16.75%	17.68%	$618	Variable	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	6.49%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	8.94%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	12.44%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	19.44%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	16.44%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	17.94%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	9.69%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	13.19%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	20.19%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	7.49%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	17.19%	$621	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	18.69%	$621	Fixed	Digital banking, Redraw
Westpac	Flexi Loan	18.99%	18.99%	$648	Variable	Redraw, Digital banking
ING	ING Personal Loan	19.99%	20.78%	$662	Fixed	Digital banking
St. George Bank	Unsecured Fixed Personal Loan	21.99%	23.28%	$690	Fixed	Digital banking
St. George Bank	Unsecured Variable Personal Loan	21.99%	23.28%	$690	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Variable Personal Loan	21.99%	23.28%	$690	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Fixed Personal Loan	21.99%	23.28%	$690	Fixed	Digital banking
BankSA	Unsecured Variable Personal Loan	21.99%	23.28%	$690	Variable	Digital banking, Redraw
BankSA	Unsecured Fixed Personal Loan	21.99%	23.28%	$690	Fixed	Digital banking
NAB	NAB Personal Loan	22.00%	22.29%	$690	Fixed	Redraw, Digital banking
NAB	NAB Personal Loan	22.00%	22.29%	$690	Variable	Redraw, Digital banking
Westpac	Unsecured Personal Loan	22.19%	23.48%	$693	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$694	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$694	Fixed	Digital banking
CommBank	Unsecured Variable Rate Personal Loan	22.75%	23.62%	$701	Variable	Digital banking, Redraw

Rates based on a $25,000 personal loan over 5 years. Comparison rates calculated on a $10,000 loan over 3 years per ASIC guidelines. Rates are indicative and subject to change.

Savings example: On NSW’s typical ~$25,000 personal loan over 5 years, cutting your rate by 2.50% saves about $30/month - around $1,800 over the life of the loan.

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Consolidate debt and save up to $1,327/year

Personal loans from 5.54% p.a. across 20+ Australian lenders - much cheaper than the typical 20% credit card APR.

Consolidate credit card debt to a single lower payment
Borrow $5,000 to $80,000 from 5.54% p.a.
We refer your enquiry to our accredited broker partner

*Illustrative only. Based on consolidating $15,000 of credit card debt at 20% p.a. (typical Australian credit card APR) into a personal loan at 5.54% p.a. over 5 years. Actual savings depend on your debt balance, interest rates, loan term and approved rate.

Personal Loan Calculators for New South Wales

Estimate repayments and potential debt consolidation savings on a typical NSW personal loan before you apply.

NSW Personal Loan Repayment Calculator

Calculate monthly, fortnightly or weekly repayments and total interest paid on a typical NSW personal loan.

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Interest rate (% p.a.)

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Frequency

NSW Debt Consolidation Calculator

See indicative figures on consolidating multiple debts into a single personal loan for NSW borrowers.

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Average current rate (%)

New consolidated rate (%)

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We compare Australia's leading personal loan lenders

(to save you the run-around)

+ many more

The find.deals™ difference

Compare NSW personal loan rates side by side.

Whether it's a renovation, wedding, debt consolidation or something else, the gap between NSW personal loan rates can mean thousands. Compare 20+ Australian lenders in minutes.

Personal Loans in New South Wales

New South Wales is Australia's most populous state with a median household income of approximately $110,000. Sydney's higher cost of living means NSW borrowers often seek personal loans for vehicle purchases, home renovations, debt consolidation and major expenses. With strong competition among lenders, NSW residents have access to some of the most competitive personal loan rates in the country.

NSW at a glance

Median household income: ~$110,000
Population: 8.2 million
Average personal loan: $20,000-$35,000
Top loan purposes: Cars, renovations, debt

NSW borrowing tips

Compare online lenders for faster approval and lower rates
Sydney cost of living may reduce borrowing capacity
Consider secured loans for vehicle purchases for best rates
Check your credit score free before applying

Types of Personal Loans in NSW

5.64%-15.00%

Secured

Backed by an asset (e.g. car). Lower rates from 5.54%.

5.54%-17.00%

Unsecured

No asset required. Assessed on income and credit.

5.64%-17.00%

Fixed

Rate locked for the full term. Predictable repayments.

5.54%-16.75%

Variable

Rate can change. Flexibility for extra repayments.

7.49%-13.99%

Debt Consolidation

Combine multiple debts into one manageable loan.

Debt consolidation lever for NSW: Rolling $20,000 of credit-card debt at ~22% p.a. into a 5.54% personal loan over 5 years cuts your interest bill by roughly $2,800/year - and replaces multiple Sydney-tempo minimum payments with a single fixed repayment.

Secured vs Unsecured Personal Loans: Which Should You Choose?

In 2026, secured personal loan rates start from 5.64% p.a. (5.64% comparison rate) while unsecured rates start from 5.54% p.a. (5.57% comparison rate) Secured loans use an asset (typically a car) as collateral, resulting in lower rates but risk of repossession. Unsecured loans offer flexibility with no asset at risk, but at higher rates.

Choose secured if…

You are buying a car or asset
You want the lowest possible rate
You are comfortable with collateral

Choose unsecured if…

You have no asset to offer as security
You want flexibility on how funds are used
You do not want to risk asset repossession

Choose line of credit if…

You need ongoing access to funds
You only want to pay interest on what you use
You have strong spending discipline

Secured loan tip: Backing your loan with an asset (typically a car or term deposit) can cut 2-3 percentage points off your rate. On a $25,000 loan, moving to a secured loan ~2.5% lower saves roughly $3,600 over 5 years - worth it if you have an eligible asset and are comfortable offering it as security.

Frequently Asked Questions

Everything you need to know about personal loans in New South Wales.

What is the best personal loan rate in NSW in 2026?

How much can I borrow with a personal loan in New South Wales?

Can I get a same-day personal loan in Sydney?

What credit score do I need for a personal loan in NSW?

Should I get a secured or unsecured personal loan?

What fees do personal loans charge in Australia?

Can I use a personal loan for home renovations in NSW?

How do I compare personal loans effectively?

Is it harder to get a personal loan in Sydney due to cost of living?

Can I refinance an existing personal loan to a lower rate?

Compare Personal Loans in Other States

Victoria

VIC

Queensland

QLD

Western Australia

South Australia

Tasmania

TAS

ACT

Australian Capital Territory

Northern Territory

All Australia

National

Personal Loan Guide

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Rates shown are indicative and sourced from lender websites. Actual rates depend on your credit profile, loan amount and term. Comparison rates are based on a $10,000 unsecured loan over 3 years as per ASIC guidelines. Monthly repayments calculated on a $25,000 loan over 5 years. This information is general in nature and does not constitute financial advice. Consider whether a product is appropriate for your circumstances before applying. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 5 September 2026. 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.

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