Personal Loans

Get a loan that’s affordable and personal

Personal loans that are tailored for one person – you. compare, save, and get unsurpassed service

Get what you want sooner

Many of us want that holiday, new renovations or entertainment centre. Saving up is definitely an option, though it’ll take us longer than expected.

The average Australian family’s summer holiday costs $1,400 for a domestic trip away. For many of us, that’s at least month’s pay, after you take care of the mortgage and bills. Over the course of a year, how far will your family need to sacrifice to save? No Christmas lunch? No birthday presents for the kids? Scrimping and saving for a holiday or renovations means some of us have to miss out. But it doesn’t have to be that way. That’s why a Savvy personal loan can help.

Our consultants help you find a competitive personal loan that’s affordable, flexible and convenient with low rates that suit your budget and your financial situation.

Your personal loan should fit you

Personal loans should have the person right at the centre. Our consultants help you find a loan that’s right for your budget and has a competitive interest rate.

Savvy has access to over 25 of Australia’s most trusted personal loan lenders so you can compare and secure a rate that’s affordable and tailored to one person – you.

In fact, you get one-on-one, personalised service with your dedicated personal finance consultant. Your consultant is your first contact – we never handball you across to anyone else.

A personal loan is for you, and we don’t rest until you get the best service. Your consultant will talk you through your goals, obligations and answer all the questions you have about personal loans. That’s how we give you the personal Savvy touch.

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Low rate personal loans

Thinking of a dream holiday or renovation or something else? Savvy has access to over 25 personal loan lenders to suit your needs and deliver a competitive rate personal loan. Calculate your personal loan repayments and compare lenders.

Loan Amount

Loan Term

Lender	Product Name	Advertised Rate	Comparison Rate	Monthly Repayment
Savvy	Secured Personal Loan	7.99% fixed	8.93%	$608.15
HSBC	Secured Personal Loan Fixed	8.49% fixed	11.80%	$615.35
Bank of Melbourne	Variable Rate Personal Loan	8.49% fixed	11/9-%	$615.35
BSA	Secured Personal Loan Fixed	8.49% fixed	11.80%	$615.35
St. George	Secured Personal Loan Fixed	8.49% fixed	11.80%	$615.35
MoneyPlace	Unsecured Loan	8.90% fixed	8.90%	$621.30
Rate%Setter	Unsecured Personal Loan (3 Year Term)	8.90% fixed	9.41%	$621.30

* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 7.99% p.a. and comparison rate of 8.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.

Why Choose Savvy?

We are accredited with the most reputable lenders in Australia giving you a fair choice to compare.

Low interest rates

Savvy is linked with over 25 of Australia’s premier lenders & banks to help you get a competitive rate for your personal loan.

Dedicated consultants

Our dedicated consultants are always here to help you through the quote and application so you’re always up to speed.

Flexible repayments

We offer flexible repayment options so you can choose a term between 1-7 years and choose weekly, fortnightly, or monthly repayments.

A trusted finance brand

Savvy is one of BRW’s fastest growing companies (2014-15.) We’re a national brand that hundreds of Australians know and trust.

Debt consolidation

Need a personal loan to consolidate debts? We can help. We find competitive rates for customers with bad credit.

Borrowing power

You have a freedom to borrow from as little as $5,000, or as much as $50,000 with added advantage of fixed interest rates.

Pros	Cons
Easily accessible - The major banks have multiple branches across Australia, so it’s easy to talk to someone face-to-face.	Cookie-cutter approach - Banks have set procedures in place, and so they are fairly rigid in their approach to approving loans. If you don’t fit their set criteria, you may have your application rejected.
Advanced online platforms - To make the application process convenient, most banks give you the option of using online forms. They also provide calculators that can help you estimate your repayments and costs before you apply, and their apps make it easy to monitor your loan once you’re approved.	Lacking personal service - As you would expect, in a large bank, customer service is much less personal.

Pros	Cons
Lower rates and fees - As not-for-profits, credit unions generally offer better interest rates and fees than the banks. This is because they don’t have to pay shareholders and can focus solely on keeping members’ costs low.	Fewer locations - Because they are smaller institutions, they are likely to have fewer branches. Some may only operate in a localised area.
Personal service - Most credit unions begin as community institutes with a strong focus on personalised customer service. Though many have grown beyond their original limited membership, they still retain these excellent service standards.	Fewer products - Credit unions usually offer fewer options than the major banks because they cater to a more limited customer base.
Flexible - They don’t use the same cookie-cutter approach that the banks use and may be able to offer flexibility to customers who would otherwise be rejected by traditional banks.	Less advanced technology - Because their technology budget is smaller than the major banks, their online systems may not be as comprehensive or easy-to-use.
Simplicity - Their products tend to be much simpler than the banks and much easier for their customers to understand and manage.

Pros	Cons
Faster approvals - Online lenders are known for their efficiency in processing loan applications. Some even automate the approval process.	Online only - If you prefer face-to-face customer service, then online lenders may not be the right option for you.
Variety of products - There are many online lenders, and many of them deliberately do things differently to the banks. So, if traditional bank products aren’t the right fit for you, you may want to consider an online lender instead.
Cheaper - Because they’re not a brick-and-mortar business, they have fewer overheads and are able to offer lower interest rates and fees.

Pros	Cons
Budgeting is simple - The lender will tell you, when you first take out the loan, exactly what your repayments are going to be, and how often you need to make them, making planning easy.	Limited redrawing options - If you want to access some of the repayments you’ve made, there may be restrictions involved. For example, the lender may limit how many times you can redraw or how much. Some may only allow you to redraw if you are ahead on your repayments, while others may not let you redraw at all. You may need to get approval or pay redraw fees.
Direct debit - Many lenders will allow you to set up a direct debit so that the repayment is made automatically every month and hassle-free. Some may also allow you to change your payment dates to coincide with your income so that you’re never caught short.	Costs of paying early - Usually paying a loan off early is a good thing, and it can save you a lot of interest. However, when it comes to fixed personal loans, the lender may charge you fees for ending the contract early.

Pros	Cons
Redraw options - Most variable loans have redraw options. There may be some limitations, but usually, they are far more flexible than fixed loans.	Risk of interest rate rises - If interests rates rise, your variable rate will reflect this, and you could end up paying a lot more than you originally expected.
Early repayments without fees - Variable loans rarely have early repayment costs, which means that if you can pay your loan off early, you could save a lot of money.	Changing repayments - The repayments will change from month to month, and so they are harder to budget for.
Take advantage of interest rates decreases - The interest on variable loans adjusts to reflect the market so that if rates decrease, you could save a lot of money.	Higher interest rates - Because variable loans allow you a lot more flexibility, banks tend to charge higher interest rates for them, than they do for fixed-rate loans

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Personal Loans

Get a loan that’s affordable and personal

Get what you want sooner

Your personal loan should fit you

Low rate personal loans

Why Choose Savvy?

We are accredited with the most reputable lenders in Australia giving you a fair choice to compare.

Top tips to help you apply for a personal loan

Considering a personal loan? We’ve compiled everything you need to know in one place to make choosing a loan easy.

What is a personal loan?

Where can I get a personal loan?

How do personal loans work?

What is the comparison rate?

What are the fees on a personal loan?

How much can I apply for?

What should my personal loan term be?

What documents do I need?

Do I need a co-borrower or a guarantor?

How do I improve my credit score?

I’m self-employed. Can I apply for a personal loan?

What our customers say about their finance experience

Comparing lenders can help you get great rates and save thousands!

Brands you can trust

We're accredited and partnered with Australia's leading and reputable lenders and insurers so you can make a fair comparison.

Loan Amount	Estimated Interest Cost Over 5 Years
$15,000	$6,072
$16,000	$6,404
$17,000	$6,736
$18,000	$7,074
$19,000	$7,406
$20,000	$7,738

Loan Term (Years)	Repayments (Weekly)	Estimated Interest Cost
1	$342	$1,402
2	$182	$2,515
3	$130	$3,662
4	$103	$4,848
5	$88	$6,072