Compare Personal Loans QLD 2026 - Best Rates from Top Lenders

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

The best personal loan rates for Queensland borrowers in 2026 start from 6.99% p.a. for secured loans (Plenti) and 7.49% p.a. for unsecured loans (SocietyOne). RACQ Bank offers competitive rates from 7.89% with member benefits. Your actual rate depends on credit score, income, loan amount and security. Queenslanders with credit scores above 800 typically access the best advertised rates.

Q: How much can I borrow with a personal loan in Queensland?

Most lenders offer Queensland borrowers personal loans from $2,000 to $75,000. The median household income in Queensland is approximately $98,000. Brisbane residents generally have lower living expenses than Sydney or Melbourne, which can increase borrowing capacity. A household earning $98,000 with minimal debts could typically borrow $20,000-$40,000 depending on commitments.

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

Yes, online lenders like Plenti and SocietyOne offer same-day approval and funding for Queensland borrowers who apply with complete documentation before midday. RACQ Bank and Suncorp, both Queensland-based, offer competitive processing times. Major bank branches in Brisbane CBD can sometimes expedite applications in person.

Q: Are RACQ personal loans good value?

RACQ Bank offers personal loan rates from 7.89% p.a. with the benefit of being a trusted Queensland institution. They offer redraw facilities and no early exit fees on some products. RACQ members may access additional discounts. While not the cheapest available, they combine competitive rates with strong local customer service and branch access across Queensland.

Q: What are the most common reasons Queenslanders take out personal loans?

In Queensland, the most common personal loan purposes are vehicle purchases (particularly important in spread-out cities like Brisbane, Gold Coast and Townsville where cars are essential), home renovations and improvements (especially cyclone preparation in North Queensland), debt consolidation, boat and caravan purchases for Queensland's outdoor lifestyle, and medical or dental expenses.

Q: Can I get a personal loan for a boat or caravan in Queensland?

Yes, many lenders offer secured personal loans for boats, caravans, camper trailers and jet skis. Secured boat and caravan loans typically offer rates from 6.99%-10.99% as the asset acts as security. Queensland's coastal lifestyle and access to the Great Barrier Reef make recreational vehicle loans particularly popular. Loan terms of up to 7 years are common for recreational assets.

Q: How does the cost of living in Brisbane affect personal loan borrowing?

Brisbane's lower cost of living compared to Sydney and Melbourne can work in your favour when applying for a personal loan. Lenders assess your expenses using the Household Expenditure Measure (HEM) or declared expenses. Lower housing costs in Brisbane mean more disposable income, potentially increasing your borrowing capacity. The Gold Coast and Sunshine Coast have similar benefits.

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

Most mainstream lenders require a credit score above 600 (Equifax scale). Above 700 qualifies for competitive rates from RACQ and Suncorp. Above 800 accesses the best rates from 6.99%. If your score is 500-600, specialist lenders like Pepper Money may approve at higher rates (11.99%+). Check your score free before applying to avoid unnecessary hard inquiries.

Q: Should I choose a Queensland lender or a national lender?

Both options have merits. Queensland-based lenders like RACQ Bank and Suncorp offer local branch access and community focus. National online lenders like Plenti and SocietyOne often offer lower rates and faster processing. Compare both using the table above. For the lowest rate, online lenders typically win. For in-person service, Queensland-based institutions excel.

Q: Can I use a personal loan for cyclone-proofing my home?

Yes, personal loans can fund cyclone preparation works including roof tie-downs, window shutters, garage door reinforcement and structural upgrades. For North Queensland homeowners, the Queensland Government's Household Resilience Program may also provide grants up to $11,250 for eligible cyclone resilience improvements, which could reduce the loan amount needed.

Compare personal loan rates available to Queensland residents. Find secured, unsecured, fixed and variable loans from RACQ, Suncorp, 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.

Where Queensland personal loan rates sit today

Rates easing

4.35%

RBA Cash Rate

Held at 4.35% - 11 Aug 2026

$20K

Median Loan Size

Strong vehicle & consolidation demand

From 5.64%

Lowest Secured Rate

5.64% comparison rate

Queensland’s $20K median personal loan reflects strong demand for vehicle finance and debt consolidation. With RBA rate cuts easing personal loan pricing and secured rates from 5.64%, QLD borrowers are well placed to compare lenders.

Rates from 5.54% p.a. Loans $2,000-$75,000 RACQ & Suncorp included Free comparison

Best Personal Loan Rates in Queensland

Queensland residents can access personal loans from Queensland-based lenders plus national banks and online providers. Monthly repayments shown 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%	$382	Variable
Credit Union SA	Green Loan Secured	5.64%	5.64%	$383	Fixed	Redraw
Liberty Financial	Secured personal loan	5.67%	6.10%	$384	Fixed
Westpac	Car Loan	5.74%	7.16%	$384	Fixed	Digital banking
NAB	NAB Car Loan	5.99%	7.55%	$387	Fixed
ING	ING Personal Loan	6.19%	7.03%	$388	Fixed	Digital banking
WOOLWORTHS TEAM BANK	Electric Vehicle Loan	6.19%	6.63%	$388	Variable
IMB Bank	New Car Loan	6.24%	6.59%	$389	Fixed	Digital banking
Bendigo Bank	Bendigo Secured Green Personal Loan	6.24%	6.61%	$389	Fixed	Redraw
Bank of us	RESIDENTIALLY SECURED PERSONAL LOAN	6.29%	6.57%	$389	Variable	NPP, Redraw, Digital banking
Bank Australia	Fixed Car Loan	6.29%	6.29%	$389	Fixed	Digital banking, Redraw
Liberty Financial	Unsecured personal loan	6.30%	6.30%	$389	Fixed
Defence Bank Limited	New Car Loan	6.39%	7.17%	$390	Variable	Redraw, Digital banking
Defence Bank Limited	Used Car Loan	6.39%	7.17%	$390	Variable	Redraw, Digital banking
A-Auswide Bank	CAR LOAN	6.48%	7.19%	$391	Fixed	Redraw
Bank of us	Personal Loan	6.49%	6.77%	$391	Variable	Redraw, Digital banking, NPP
St. George Bank	Secured Fixed Personal Loan	6.49%	7.90%	$391	Fixed	Digital banking
Bank of Melbourne	Secured Fixed Personal Loan	6.49%	7.90%	$391	Fixed	Digital banking
BankSA	Secured Fixed Personal Loan	6.49%	7.90%	$391	Fixed	Digital banking
Westpac	Car Loan	6.49%	7.90%	$391	Fixed	Digital banking
Westpac	Car Loan	6.49%	7.90%	$391	Fixed	Digital banking
WOOLWORTHS TEAM BANK	New Car Loan	6.49%	6.93%	$391	Variable
NORTHERN INLAND CREDIT UNION LTD.	Green Loan	6.49%	6.49%	$391	Fixed	Redraw, Digital banking
Credit Union SA	Education Community online-only Special Fixed Rate Personal Loan	6.69%	6.69%	$393	Fixed	Redraw
NAB	NAB Car Loan	6.74%	8.29%	$394	Fixed
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$394	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$394	Fixed	Digital banking
Bank of us	Personal Loan	6.99%	7.27%	$396	Variable	Redraw, Digital banking, NPP
Credit Union SA	Green Loan Secured	6.99%	7.34%	$396	Fixed	Redraw
Credit Union SA	Education Community Special Fixed Rate Personal Loan	6.99%	6.99%	$396	Fixed	Redraw
St. George Bank	Unsecured Fixed Personal Loan	7.00%	8.41%	$396	Fixed	Digital banking
St. George Bank	Unsecured Variable Personal Loan	7.00%	8.41%	$396	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Variable Personal Loan	7.00%	8.41%	$396	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Fixed Personal Loan	7.00%	8.41%	$396	Fixed	Digital banking
BankSA	Unsecured Variable Personal Loan	7.00%	8.41%	$396	Variable	Digital banking, Redraw
BankSA	Unsecured Fixed Personal Loan	7.00%	8.41%	$396	Fixed	Digital banking
IMB Bank	Secured Personal Loan	7.24%	7.59%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	8.30%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$398	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	7.25%	10.48%	$398	Fixed	Digital banking
Westpac	Unsecured Personal Loan	7.29%	8.69%	$399	Fixed	Digital banking
Qudos Bank	Car Loan	7.29%	7.50%	$399	Variable
Bank Australia	Fixed Car Loan	7.29%	7.50%	$399	Fixed	Digital banking, Redraw
Credit Union SA	Green Loan Unsecured	7.29%	7.29%	$399	Fixed	Redraw
BankWAW	Small Green Loan	7.34%	7.37%	$399	Variable
BankWAW	Personal Loan Secured	7.34%	7.37%	$399	Variable
Bank of us	Personal Loan	7.49%	7.77%	$401	Variable	Redraw, Digital banking, NPP
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$401	Fixed
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$401	Fixed
Alex.Bank	Secured Fixed Rate Personal Loan	7.49%	7.90%	$401	Fixed
Bank Australia	Lifestyle Personal Loan	7.49%	8.52%	$401	Variable	Digital banking, Redraw
NAB	NAB Personal Loan	7.50%	8.41%	$401	Fixed	Redraw, Digital banking
NAB	NAB Personal Loan	7.50%	8.41%	$401	Variable	Redraw, Digital banking
Credit Union SA	Online-only Special Fixed Rate Personal Loan	7.69%	8.18%	$403	Fixed	Redraw
NORTHERN INLAND CREDIT UNION LTD.	Brand New Vehicle Loan	7.74%	8.30%	$403	Fixed	Redraw, Digital banking
CommBank	Unsecured Variable Rate Personal Loan	7.75%	8.79%	$403	Variable	Digital banking, Redraw
Unknown lender	Personal Loan - Secured	7.79%	8.04%	$404	Fixed	Redraw
A-Auswide Bank	UNSECURED PERSONAL LOANS	7.79%	8.49%	$404	Fixed	Redraw, NPP, PayID
WOOLWORTHS TEAM BANK	Used Car Loan	7.94%	8.39%	$405	Variable
Credit Union SA	Special Fixed Rate Personal Loan	7.99%	8.48%	$405	Fixed	Redraw
BankWAW	Personal Loan Secured Other	8.24%	8.27%	$408	Variable
Bendigo Bank	Bendigo Green Unsecured Personal Loan	8.24%	9.27%	$408	Fixed	Redraw
Liberty Financial	Low doc car loan	8.29%	8.29%	$408	Variable
Credit Union SA	Green Loan Unsecured	8.29%	8.64%	$408	Fixed	Redraw
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$410	Fixed
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$410	Fixed
Alex.Bank	Unsecured Fixed Rate Personal Loan	8.49%	8.49%	$410	Fixed
WOOLWORTHS TEAM BANK	PERSONAL	8.49%	10.71%	$410	Variable
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$413	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$413	Fixed	Digital banking
A-Auswide Bank	UNSECURED PERSONAL LOANS	8.98%	9.68%	$415	Fixed	Redraw, NPP, PayID
Bank of us	Personal Loan	8.99%	9.28%	$415	Variable	Redraw, Digital banking, NPP
Liberty Financial	Flexible car loan	8.99%	10.65%	$415	Variable
BankVic	Car Loan Fixed 1-5 Years	8.99%	9.12%	$415	Fixed	NPP, PayID
Credit Union SA	Education Community Fixed Rate Personal Loan	8.99%	8.99%	$415	Fixed	Redraw
Defence Bank Limited	Personal Loan	9.09%	10.06%	$416	Variable	Redraw, Digital banking
IMB Bank	Unsecured Personal loan	9.24%	9.60%	$418	Fixed	Digital banking
Qudos Bank	Personal Loan	9.49%	10.53%	$420	Variable
NORTHERN INLAND CREDIT UNION LTD.	Used Vehicle Loan	9.49%	10.32%	$420	Fixed	Redraw, Digital banking
Bank Australia	Lifestyle Personal Loan	9.49%	10.53%	$420	Variable	Digital banking, Redraw
Bendigo Bank	Bendigo Secured Student Personal Loan	9.54%	9.70%	$420	Fixed	Redraw
Bendigo Bank	Bendigo Secured Personal Loan	9.54%	10.26%	$420	Fixed	Redraw
Credit Union SA	Fixed Rate Personal Loan	9.99%	10.49%	$425	Fixed	Redraw
Westpac	Car Loan	10.29%	11.66%	$428	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	12.16%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$433	Fixed	Digital banking
CommBank	Secured Fixed Rate Car Loan	10.79%	15.71%	$433	Fixed	Digital banking
Bank of us	Personal Loan	10.99%	11.28%	$435	Variable	Redraw, Digital banking, NPP
Bank of us	Personal Loan	10.99%	11.28%	$435	Variable	Redraw, Digital banking, NPP
WOOLWORTHS TEAM BANK	PERSONAL	11.64%	13.90%	$441	Variable
Bendigo Bank	Bendigo Unsecured Student Personal Loan	11.74%	11.74%	$442	Fixed	Redraw
BankVic	Personal Loan Variable	11.95%	12.08%	$444	Variable	NPP, PayID
BankWAW	Personal Loan Unsecured	12.04%	12.08%	$445	Variable
Liberty Financial	Fresh start car loan	12.49%	15.06%	$450	Variable
NORTHERN INLAND CREDIT UNION LTD.	Personal Loan Unsecured	12.49%	15.58%	$450	Fixed	Redraw, Digital banking
Credit Union SA	Education Community Variable Rate Personal Loan	12.60%	12.60%	$451	Variable	Redraw
NAB	NAB Car Loan	12.79%	14.29%	$453	Fixed
St. George Bank	Secured Fixed Personal Loan	12.99%	14.34%	$455	Fixed	Digital banking
Bank of Melbourne	Secured Fixed Personal Loan	12.99%	14.34%	$455	Fixed	Digital banking
BankSA	Secured Fixed Personal Loan	12.99%	14.34%	$455	Fixed	Digital banking
Westpac	Car Loan	12.99%	14.34%	$455	Fixed	Digital banking
NAB	NAB Car Loan	13.54%	15.03%	$461	Fixed
Credit Union SA	Variable Rate Personal Loan	13.60%	14.12%	$461	Variable	Redraw
Defence Bank Limited	Consolidation Loan	13.99%	14.93%	$465	Variable	Digital banking
WOOLWORTHS TEAM BANK	Personal Secured Loan	14.35%	16.65%	$469	Variable
Bendigo Bank	Bendigo Unsecured Personal Loan	14.54%	16.64%	$471	Fixed	Redraw
Unknown lender	Personal Loan - Unsecured	14.95%	15.18%	$475	Fixed	Redraw
Great Southern Bank	Green Car Loan	15.00%	7.58%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	9.08%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	12.59%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	6.23%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	10.58%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	11.59%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	6.63%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	8.33%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	9.83%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	13.34%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	11.34%	$476	Fixed	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	12.34%	$476	Fixed	Digital banking, Redraw
WOOLWORTHS TEAM BANK	Personal Unsecured Loan	15.35%	17.66%	$479	Variable
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	17.18%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$489	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	16.25%	19.25%	$489	Fixed	Digital banking
CommBank	Unsecured Variable Rate Personal Loan	16.75%	17.68%	$494	Variable	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	6.49%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	8.94%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	12.44%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	19.44%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	16.44%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Green Personal Loan	17.00%	17.94%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	9.69%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	13.19%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	20.19%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	7.49%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	17.19%	$497	Fixed	Digital banking, Redraw
Great Southern Bank	Unsecured Fixed Personal Loan	17.00%	18.69%	$497	Fixed	Digital banking, Redraw
Westpac	Flexi Loan	18.99%	18.99%	$519	Variable	Redraw, Digital banking
ING	ING Personal Loan	19.99%	20.78%	$530	Fixed	Digital banking
St. George Bank	Unsecured Fixed Personal Loan	21.99%	23.28%	$552	Fixed	Digital banking
St. George Bank	Unsecured Variable Personal Loan	21.99%	23.28%	$552	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Variable Personal Loan	21.99%	23.28%	$552	Variable	Digital banking, Redraw
Bank of Melbourne	Unsecured Fixed Personal Loan	21.99%	23.28%	$552	Fixed	Digital banking
BankSA	Unsecured Variable Personal Loan	21.99%	23.28%	$552	Variable	Digital banking, Redraw
BankSA	Unsecured Fixed Personal Loan	21.99%	23.28%	$552	Fixed	Digital banking
NAB	NAB Personal Loan	22.00%	22.29%	$552	Fixed	Redraw, Digital banking
NAB	NAB Personal Loan	22.00%	22.29%	$552	Variable	Redraw, Digital banking
Westpac	Unsecured Personal Loan	22.19%	23.48%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	23.12%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$555	Fixed	Digital banking
CommBank	Unsecured Fixed Rate Personal Loan	22.25%	25.11%	$555	Fixed	Digital banking
CommBank	Unsecured Variable Rate Personal Loan	22.75%	23.62%	$561	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.

Savings example: On QLD’s typical ~$20,000 personal loan over 5 years, cutting your rate by 2.50% saves about $25/month - around $1,470 over the life of the loan. Queensland-based RACQ Bank offers rates from 7.89%.

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Live CDR rates

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 Queensland

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

QLD Personal Loan Repayment Calculator

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

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QLD Debt Consolidation Calculator

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

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We compare Australia's leading personal loan lenders

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The find.deals™ difference

Compare QLD personal loan rates side by side.

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

Personal Loans in Queensland

Queensland is Australia's third most populous state with a median household income of approximately $98,000. Lower living costs compared to Sydney and Melbourne mean Queenslanders often have stronger borrowing capacity relative to income. Popular loan purposes include vehicle purchases across the state's spread-out cities, boat and caravan finance for the outdoor lifestyle, and home renovations including cyclone-proofing in North Queensland.

QLD at a glance

Median household income: ~$98,000
Population: 5.4 million
Average personal loan: $18,000-$30,000
Top loan purposes: Cars, boats, renovations

QLD borrowing tips

Check RACQ member benefits for personal loan discounts
Lower QLD living costs can increase borrowing capacity
Consider secured loans for boats and caravans
Check QLD cyclone resilience grants before borrowing

Types of Personal Loans in QLD

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 Queensland: 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 Brisbane-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 $20,000 loan, moving to a secured loan ~2.5% lower saves roughly $2,880 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 Queensland.

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

How much can I borrow with a personal loan in Queensland?

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

Are RACQ personal loans good value?

What are the most common reasons Queenslanders take out personal loans?

Can I get a personal loan for a boat or caravan in Queensland?

How does the cost of living in Brisbane affect personal loan borrowing?

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

Should I choose a Queensland lender or a national lender?

Can I use a personal loan for cyclone-proofing my home?

Compare Personal Loans in Other States

New South Wales

NSW

Victoria

VIC

Western Australia

South Australia

Tasmania

TAS

ACT

Australian Capital Territory

Northern Territory

All Australia

National

Personal Loan Guide

Read the guide

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. This information is general in nature and does not constitute financial advice. "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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