Simple personal loans

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.


Could you save thousands on your personal loan?

We offer some of the most competitive unsecured personal loan rates around. You could save thousands with RateSetter.


Start here

Takes 1 minute and won't affect your credit score

Simply a better way to borrow

  • Better rates

    We reward good borrowers
    with low rate personal loans                      

  • Fast online application

    No obligation 1 minute RateEstimate. Online application completed in minutes

  • Flexible loan options

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

  • Simply smarter

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

Helping Australians do better, together


Value of loans funded

10,000+ delighted borrowers

Looking for flexible business finance?

Learn about our business loans

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

Like it? Love it.

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


"I had no idea how much I could save. By moving over my 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

RateSetter personal loan repayment terms range from 6 months to 5 years. Interest rates range from 3.7% (comparison rate 10.01%) to 9.6% (comparison rate 11.45%), subject to change depending on the rates offered by lenders in our Lending Markets.

* Representative example: For a 36 month, $10,000 loan for a borrower with a good credit history at a comparison rate of 10.2% p.a., the estimated total amount payable including fees is $11,650 (interest payable is $1,412).

Rates stated as at 9:00 AM, 18 January 2017 and are subject to change. RateSetter credit criteria and terms and conditions apply.

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