Loan options — Australia

Compare common loan types across Australia and learn practical steps to choose affordable borrowing: home loans, personal loans, car finance, and small business lending.

Compare loans Guides & calculators

Common loan types in Australia

Home loans (mortgages)

Variable, fixed, interest-only — compare rates, fees, and LVR requirements. Consider offset accounts and repayment strategies.

See comparison

Personal loans

Unsecured or secured for debt consolidation, renovations, or large purchases. Watch fees, comparison rates, and flexible repayments.

Learn more

Car finance & asset loans

Dealer finance, chattel mortgages, or novated leases — compare total cost, ownership, and tax implications for small businesses.

Read tips

Quick comparison

Loan type	Typical APR	Key features	Ideal for
Home loan	3.0%–6.5%	Long term, low rate (secured), offset options	Buying property
Personal loan	6%–20%+	Shorter terms, fixed repayments, possible fees	Consolidation, renovations
Car finance	5%–12%	Secured to vehicle, balloon options	Buying a car
SME / small business	6%–15%+	Overdrafts, equipment finance, invoice finance	Business cashflow

Ask FAQs Use calculators

Frequently asked — loans

Compare comparison rates, fees, loan features (offset, redraw), product exclusions, and customer service ratings. Run repayments through a calculator to see total cost.

Fixed gives repayment certainty for a set period; variable can fall or rise and often allows extra repayments and redraw. Consider medium-term plans and rate forecasts.

Stabilise income, reduce existing debts, check credit report, save for deposit, and keep documentation ready. A mortgage broker can present options across lenders.

Who writes our guides

Emily Tan — Editor

Financial writer focused on Australian consumer loans and budgeting guidance.

Our content is independent and educational. We summarise common loan features and how to compare market options in Australia. For personalised lending advice consult a licensed financial adviser or broker.