Compare the advertised rate alongside fees, loan term, repayment frequency and the total amount repayable. The rate and terms offered to an applicant may depend on their circumstances and the lender's assessment.

Consider whether a secured or unsecured loan is appropriate for your circumstances, and understand the implications of providing an asset as security.

A secured personal loan uses an eligible asset as security. An unsecured loan does not require that type of security, but its rates, fees and eligibility criteria may differ.

Review the loan agreement to understand the security requirements and the consequences of failing to meet repayments.

Potential costs include establishment fees, ongoing account fees, late-payment fees and charges associated with early repayment. The applicable fees depend on the product.

Check the repayment schedule and whether the loan permits additional repayments without charge.

BudgetWise presents available personal loan information so you can review rates, fees, terms and features side-by-side. Product data and eligibility conditions can vary.

Confirm the current offer and application requirements with the lender. Sponsored placements may be identified, and commercial partnerships may influence listing order.