A personal loan that works for you
Whether it's a holiday, renovation, or life event, get the funds you need with competitive rates and flexible terms.
Need funds for a holiday, renovation, or unexpected expense? Our personal loans offer flexible terms and fast approval.
Term
3 years
Rate
7.49% p.a.
Monthly
$776/mo
What's Included
We work with a panel of 30+ lenders to find a loan that's tailored to you, not the banks
3 Steps to Your Loan
Our streamlined process makes it easy to get approved quickly
Get a Quick Estimate
See how much your repayments could be
$15,000
Estimated rate: 8.9% p.a.
Your estimated repayment
$311
per month
Why choose LendBuddy for your personal loan?
Simple, transparent personal finance. No hidden surprises.
Use it your way
Holidays, renovations, weddings, medical expenses. No restrictions on how you use your funds.
Fixed repayments
Know exactly what you owe each month with fixed-rate personal loans.
Quick access to funds
Get approved fast and receive funds in as little as 24 hours.
Personal Loan Options
Every situation is different. Explore the finance types we offer to find the right fit for you.
Holiday & Travel Finance
Life is too short to put off that dream trip. Whether it is a European river cruise, a family holiday to Bali, or a month road tripping around New Zealand, we can help you finance it with a rate that actually makes sense.
Repayments are fixed so you know exactly what you owe each fortnight. No nasty surprises when you get home, just great memories and a loan that fits your budget.
Am I eligible?
Check off each requirement to see if you qualify
40+ Lenders
Access a wide panel of trusted Australian lenders
No Credit Impact
Soft credit check so your score stays safe
Fast Approval
Get pre-approved in as little as 60 minutes
Expert Support
Dedicated finance specialist from start to finish
What Our Customers Say
Real feedback from real Australians who've used LendBuddy.
Daniel R.
Used LendBuddy to consolidate three credit cards into one personal loan. My repayments dropped by almost $300 a month. Should have done it years ago.
Michelle T.
Needed a personal loan for our bathroom renovation. Applied online, got a call the same afternoon, and was approved by the next morning. So easy.
Chris P.
Great experience getting a personal loan for some unexpected medical bills. The team were empathetic and found me a rate I was comfortable with.
40+
Lender panel
24hr
Average approval
500+
Aussies helped
$0
Broker fee
Personal Loan Guide
Everything you need to know before applying for a personal loan in Australia.
A personal loan gives you a lump sum that you repay in fixed instalments over an agreed term, usually one to seven years. They can be secured against an asset like a car or property, or unsecured where no collateral is required.
Unsecured personal loans are more common because they are simpler to set up. The trade-off is a slightly higher interest rate since the lender carries more risk. Secured personal loans offer lower rates but require you to pledge an asset.
Your credit score is the biggest factor. Lenders also look at your income stability, existing debts, the loan amount, and whether the loan is secured or unsecured.
Rates on our panel currently range from about 6.49 percent for strong applicants to around 15 percent for those with fair credit. We always aim to find the lowest rate you qualify for.
A secured personal loan uses an asset as collateral. If you default, the lender can seize that asset. Because of this reduced risk, secured loans come with lower interest rates.
An unsecured loan requires no collateral. You get the funds based on your creditworthiness alone. The convenience comes at a slightly higher rate, but you keep full ownership of all your assets throughout the loan.
Interest rate is important, but it is not the only thing to compare. Look at the comparison rate, which bundles in most fees to give you a more accurate picture of the true cost. Some lenders advertise low headline rates but load on establishment fees or monthly account-keeping charges.
Also check whether the loan allows extra repayments without penalty, and whether there is a redraw facility. These features give you flexibility and can save you money over the life of the loan.
A personal loan can be used for almost anything, but that does not mean every use is a smart one. Consolidating high-interest debt, funding a home renovation that adds value, or covering a necessary medical expense are all sound reasons to borrow.
Avoid using personal loans for everyday spending or things that lose value quickly. If you are borrowing for a one-off purchase, make sure you have a plan to repay it comfortably without stretching your budget.
Some personal loans let you pay off the balance early without penalty, while others charge a break cost or early termination fee. Fixed rate loans are more likely to have these fees because the lender has locked in a return over the full term.
If you think you might come into extra money or want the flexibility to pay off the loan sooner, look for a product with no early repayment fees. Your broker can flag which lenders offer this.
If you have multiple debts like credit cards, buy-now-pay-later accounts, and an older personal loan, consolidating them into a single personal loan can simplify your finances and potentially save you money.
The key is making sure the new loan’s interest rate is lower than the weighted average of your existing debts. Your broker can run the numbers and tell you exactly how much you would save.
Check your credit report before you apply. Errors on your file can drag your score down and are surprisingly common. You can request a free copy from Equifax or Illion.
Reduce your credit card limits even if you do not use them. Lenders count the full limit as a potential debt. Closing unused cards or lowering limits can significantly boost your borrowing power.
We compare personal loan options from over 30 lenders to find the right fit for your situation. Whether you need funds for a renovation, holiday, medical costs, or to consolidate debt, we handle the legwork.
Our service is free. The lender pays our commission, not you. If you are not happy with the options, there is no obligation to proceed.
Personal loan FAQs
How much can I borrow?
Personal loan amounts typically range from $2,000 to $75,000 depending on the lender, your income, and your credit history. Your broker will assess your borrowing power and match you with lenders whose limits work for what you need. We always aim to find an amount that fits comfortably within your budget so repayments don't become a stretch.
Secured vs unsecured: what's the difference?
A secured personal loan is backed by an asset like a car or term deposit, which usually means you get a lower interest rate. An unsecured loan doesn't require any collateral, so it's quicker to set up, but the rate is typically a bit higher to offset the lender's risk. Your broker can walk you through both options and help you decide which one makes more sense for your situation.
Can I pay off my loan early?
Most personal loans allow early repayment, but some lenders charge an early exit fee or break cost while others let you pay it off whenever you like with no penalty. If having that flexibility matters to you, we can prioritise lenders on our panel that offer fee-free early repayment so you're not locked in.
What can I use a personal loan for?
Pretty much anything. Holidays, home renovations, weddings, medical bills, debt consolidation, or even a big purchase you'd rather spread over time. Unlike some other loan types, most personal loans from our panel have no restrictions on how you use the funds. Just let your broker know what it's for and we'll match you with the right product.
How long does approval take?
Most personal loan applications are assessed within 24 to 48 hours. Once approved, funds are typically in your account the same day or next business day. The exact timing depends on the lender and how quickly you provide your supporting documents, but we keep things moving as fast as possible.
What interest rate will I get?
Your rate depends on factors like your credit score, income, loan amount, and whether you go secured or unsecured. Rates on our panel currently start from around 6.49% p.a. for strong applicants with secured loans. We compare across multiple lenders to make sure you get the most competitive rate you qualify for.
Can I get a personal loan with bad credit?
Yes. We work with specialist lenders who consider applicants with defaults, poor credit history, or limited borrowing history. The rate will be higher than a standard loan, but it's often still better than what you'd find going direct. Our job is to match you with a lender that fits your circumstances, not turn you away.
What fees should I expect?
Common personal loan fees include an establishment fee (sometimes called an application fee), monthly or annual account-keeping fees, and early repayment fees if you pay the loan off ahead of schedule. Not every lender charges all of these, and some run fee-free promotions. We break down the full cost upfront so you know exactly what you're paying before you commit.
Want to Know How We Can Help You?
Contact us for a Free Consultation
Talk to one of our friendly finance specialists to find the right loan for your needs, or simply get a free, no-obligation quote.