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RateSetter Unsecured Personal Loan

RateSetter offers fast and flexible peer-to-peer personal loans from $2,001 up to $45,000 with terms from 6 months to 5 years. RateSetter rewards borrowers with a good credit history with some of the lowest personal loan rates in Australia.

  • Comparison rate of 10.97% p.a. - Based on a personal loan of $10,000 over 3 years
  • Fast online application - Receive your funds within 48 hours
  • RateEstimate - Unique to RateSetter this service allows you to find out what interest rate you will offered on your loan within 1 minute and without obligation.
  • Rates personalised to you - comparison rates tailored to reward your good credit history
  • Competitive fees - No exit fees, no early repayment penalties, and easy online loan management
  • Variable Rates - Available on loan terms of 6 months to 2 years
  • Fixed rates - Available on loan terms of 3 to 5 years
  • Wide range of loan purposes accepted - including New and used cars, motorcycles, debt consolidation, share purchases, renovations and holidays.
  • Self Employed Applicants welcomed - You will need to have been self-employed for at least 12 months and supply a copy of your latest tax return
  • Establishment fee - Loans for term of 3 years incur a $75 establishment fee

All RateSetter Personal loans attract a risk assurance charge starting from $76, and some loans include an ongoing monthly fee between $5 and $15, depending on your loan amount and loan term. The Application fee varies depending on the loan amount and term as listed below:

  • 6 month: $300
  • 1 year: $300
  • 2 year: $250
  • 3 years $300
  • 4 year: $300
  • 5 year: $300
Standard Rates
Min. Current Rate 4.08% p.a.
Comparison Rate 10.97% p.a.
Loan Details
Provider RateSetter
Product Details Borrow from $2,001 to $45,000 for up to 2 years, competitive rates and fees plus enjoy the flexibility of fee free extra repayments and no exit fee
Min. Loan Term 0.5 years
Max. Loan Term 2 years
Min. Loan Amount $2,001
Max. Loan Amount $45,000
Available as a Car Loan Yes
Car Type New or Used
Fees and Terms
Application Fee $300
Monthly Service Fee $15
Early Repayment Penalty $0
Missed Repayment Penalty $30
Document Release Fee $0
Repayment Options Monthly
Extra Payments Allowed Yes
Redraw Allowed No
Security -

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.