Navigating Personal Loans: Top Picks for 2026

Liberty Financial offers the lowest starting APR at 5.67% p.a. This non-bank lender is ideal for borrowers with non-traditional credit profiles seeking flexible terms. However, the lack of a branch network may not suit those preferring in-person services.

Harmoney's unsecured loans start at 5.76% p.a., making them a strong choice for those who want a low rate and a fully online process. However, higher-risk borrowers may face rates up to 24.03%, so a strong credit profile is crucial.

With a starting APR of 6.19% p.a., ING offers competitive rates with no early repayment fees. The fully digital experience is a bonus, though the cap of $60,000 might be limiting for some borrowers.

Commonwealth Bank offers both fixed and variable rates starting at 7.25% p.a. This option is well-suited for existing customers who can manage loans via the app, though the establishment fee and monthly service fees are drawbacks.

OurMoneyMarket allows borrowing up to $75,000 with an attractive starting rate of 5.95% p.a. The lack of ongoing fees makes it an attractive option, though the maximum term of 5 years is shorter than some banks offer.

ANZ offers loans up to $75,000 with both fixed and variable rates, starting at 7.49% p.a. This big-four bank is ideal for those who value in-person support, although fees may apply for early repayment on fixed loans.

Plenti offers up to $75,000 with quick funding, no monthly fees, and a starting rate of 6.17% p.a. While the online process is efficient, rates vary based on credit score, impacting those with less-than-perfect credit.

Westpac provides a range of personal loans up to $50,000 with rates starting at 7.00% p.a. The discounted electric car loans offer an eco-friendly option, although the establishment and monthly fees are considerations.