Don’t let high personal loan rates annoy you
Many Australian personal lenders have cut rates over the past 12 months, with many hitting all-time lows. But the truth is that some prices remain stubbornly high, which means you could miss out on a better deal if you don’t shop.
According to the Mozo database, the lowest floating interest rate for unsecured personal loans for customers with low risk is 4.15% pa (5.09% pa comparison rate *), while the highest interest rate is 16.00% pa (16.31% pa Comparison rate *) explodes. That’s a huge difference of 11.85%!
You may be wondering, is it still possible to get your hands on one of these low-interest personal loans with the COVID-19 Curveball? If you have a solid credit history and stable income, the answer is yes!
So if you need a hand to begin your killer personal loan search to avoid paying high interest rates, we are here to help. Scroll down to see some of the best low interest personal loan options right now.
^ See Mozo Experts Choice Personal Loan Awards information
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