What is a good personal loan rate?

Cover image for guide.
  •  loan amount
  •  interest rate
  •  loan term
  •  fees and charges·      
  • Interest rate: check the comparison rates
  • Loan type: decide between a secured and unsecured loan type
  • Fees: upfront plus ongoing fees
  •  Loan term: personal loans are generally repaid over 1 – 7 years
  • Features: does the personal loan include a redraw facility and/or can you make extra repayments without penalty?
  • The Lender: choose a lender with excellent customer service
  •  Strong, steady employment background
  • Home ownership
  • Purpose of the loan

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