Lenders & loan agencies · Melbourne

How much does Lenders & loan agencies cost in Melbourne? (2026 price guide)

Loan agency and personal lending costs vary by product: personal loan interest rates typically range from 6%-20% per annum depending on credit history and loan type, with establishment fees usually $0-$600. Short-term or specialist lending often carries higher fees, typically $200-$1,000, reflecting higher risk and faster approval turnaround.

What you pay is driven mainly by credit history, income stability, loan security (secured loans typically attract lower rates than unsecured), and loan term, alongside the lender's fee structure, which can include establishment, ongoing and early exit fees.

Compare the total cost over the loan term using comparison rates, and check for exit or early repayment fees before signing, since these can significantly affect the real cost if your circumstances change.

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