Unsecured personal loan
No specific asset is pledged. Pricing may be higher because the lender takes more risk.
Personal borrowing, made clearer
A personal loan should fit your life—not fight your budget.
Understand the rate, fees, term and flexibility before you commit. LoanMirror helps you compare the parts that shape your real repayment.
Understand
Compare
Decide
Compare
Decide
Rate and APR
Use the APR or comparison rate as a starting point, then confirm which fees it includes.
Term length
A longer term can lower each payment but usually increases the total interest.
Flexibility
Check rules for extra payments, early settlement and changing your payment date.
Know the structure
Common personal loan structures
Product names vary between providers and markets. Focus on how the finance behaves.
Model a repaymentSecured personal loan
An eligible asset supports the loan. Rates can be lower, but the asset may be at risk after default.
Fixed-rate loan
The rate and scheduled payment are generally predictable for the agreed fixed period.
Variable-rate loan
The rate can change over time, so the repayment and total cost may also move.
Before you compare
Write down what “affordable” means for you.
Use a payment that still works after essential expenses and leaves a buffer. Then compare offers against the same amount and term.
Income after tax
Essential spending
Comfortable loan payment
Your comparison checklist
Look at the whole commitment.
- 1A repayment that leaves room for unexpected costs
- 2The total amount repayable, not only the monthly figure
- 3All establishment, account and late-payment fees
- 4Whether a quote uses a soft or hard credit check
- 5Early-repayment conditions and any exit charge
Run the numbers
Open calculator