Personal loans made simple

RateSetters don't need to beg to borrow. We offer fast, flexible secured or unsecured personal loans with terms from 6 months to 5 years.


Get a Quote

Get your personalised rate in 1 minute
without impacting your credit score.

A personal loan that's made for you.

  • Better rates

    We reward good borrowers
    with low rate personal loans                      

  • Simply smarter

    No exit fees or early repayment penalties. Easy online loan management

  • Flexible loan options

    Secured and unsecured personal loans from $2,001 to $45,000, from 6 months to 5 years

  • Fast online application

    1 minute RateEstimate. 5 minute application

Helping Australians do better, together


Value of personal loans funded

30,000+ delighted borrowers

How we compare to the big 4 banks

Provided you have an excellent credit history you can enjoy comparison rates up to 6%* lower than the big 4 banks, which could help you save every month with lower repayments.Comparison Table


*See below for details on how the comparison rates are calculated and the comparison rate warning.

Fast, no-nonsense personal loans

  1. 1

    Check your rate

    Check your personalised rate with our 1 minute RateEstimate (it won't affect your credit score)

    1 minute
  2. 2

    Apply online

    Apply online in minutes

    5 minutes
  3. 3

    Get a decision

    Some approvals happen within minutes, but it can take up to one business day to make a decision after we've received everything we need

    From 10 minutes
  4. 4

    Receive your funds

    Funds will be transferred to your bank account on the business day after your loan is funded. Same day transfer may be available in some cases

    Next business day
Save time before applying by making sure:
  • You are aged 21 or over
  • You are an Australian citizen or permanent resident, or a New Zealand citizen
  • You have a regular source of income
  • You have a good credit history

Australia's most loved personal loan.

RateSetter is rated 4.8 / 5 by our borrowers on independent review website and 5 / 5 by rating agency Canstar. RateSetter offers the highest rated personal loan in Australia.


"I had no idea how much I could save. By moving over my personal loan from the bank to RateSetter, I'll be saving myself thousands in interest thanks to their very competitive rates"

Sam Gold Coast

"I applied on the weekend, attached a bank statement and my personal loan was approved within 4 business hours. I was constantly informed by email and SMS at what stage my loan was at."

Gordana Central Coast

"Fast and efficient and the staff were helpful, attentive and a pleasure to deal with. I would highly recommend RateSetter to others looking to access a personal loan with great rates"

Nicola Melbourne
Sydney Morning Herald - Borrowers

"Watch out big banks, here comes RateSetter"

News - Borrowers

"RateSetter may be about to revolutionise the unsecured credit sector in the same way Aussie and Wizard rocked the mortgage market in the 1990s"


Frequently asked questions

Ready to become a RateSetter?

Get your personalised rate

*Comparison based on interest rates and fees available from RateSetter for a $10,000, 3 year unsecured personal loan for a customer with an excellent credit history compared with the interest rates for a $10,000, 3 year fixed, unsecured personal loan product from ANZ, Westpac, Commonwealth Bank and National Australia Bank (as published on the respective bank website and excluding any temporary or special promotional offers) as at 12.00 pm, 20 March 2019. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. RateSetter credit criteria and terms and conditions apply. The actual rates and fees you may be charged will depend on your loan amount, term, financial circumstances and credit history. Rates offered by RateSetter or any other lender may change at any time without notice.

Comodo Secure Website