🇦🇺 Australia / Loans Rates

Australia Loans Rates & Limits 2026

Official rates sourced from Reserve Bank of Australia, Canstar personal loan averages 2026.

Last updated: 2026-06-27

Current Rates

Parameter	Value
Rba Cash Rate	3.85
Personal Loan Secured Average	8.2
Personal Loan Unsecured Average	11.2
Personal Loan Min	5.9
Auto Loan Dealership Average	9.5
Auto Loan Bank Average	8.2
Hecs Help Indexation Rate 2024	4.7
Student Loan Hecs Interest	0

Parameter	Value
Personal Loan Min Amount	2,000
Personal Loan Max Amount	100,000
Personal Loan Max Term Years	7
Payday Loan Cap Establishment Percent	20
Payday Loan Cap Monthly Fee Percent	4
Comparison Rate Disclosure Required	Yes
Hecs Repayment Threshold	54,435
Hecs Repayment Rate Min Percent	1

›Australian law requires lenders to show a 'comparison rate' alongside the advertised rate. The comparison rate includes most fees and charges and is calculated on a standard $30,000, 5-year loan. Always compare comparison rates, not just headline rates.
›HECS-HELP student debts are not conventional loans; they carry no interest but are indexed annually to CPI. Repayment is income-contingent via the tax system once income exceeds the threshold ($54,435 for 2024-25). They are written off on death.
›ASIC's responsible lending obligations require lenders to make a reasonable assessment of whether a loan is unsuitable for the borrower. Key documents: bank statements, payslips, and evidence of recurring expenses.
›State and federal governments offer subsidised green personal loans for solar panels, batteries, and EVs. Rates can be 0–5% for eligible purchases through Clean Energy Finance Corporation schemes.