VIC • 6613000 • 16 Cities
Australia's cultural and sporting capital, Victoria boasts sophisticated lending markets with Melbourne as a global fintech hub attracting innovative credit providers alongside traditional banking institutions.
Whether you're in Melbourne or regional Victoria, residents can access competitive personal loan rates from ASIC-regulated lenders. Compare options across 16 cities and find a loan that matches your financial situation and borrowing needs.
Most Victoria lenders offer personal loans within this range, subject to income and credit assessment
Many VIC applicants receive approval decisions within 24 hours for straightforward applications
Best rates available for Victoria borrowers with credit scores above 650
Victoria residents can access various loan products including unsecured personal loans, car loans, debt consolidation loans, and home improvement loans from ASIC-licensed lenders. Loan amounts typically range from $2,000 to $75,000 with terms from 1 to 7 years, subject to responsible lending assessments under the NCCP Act.
Interest rates in Victoria vary based on credit history, income stability, and loan amount. Competitive rates start around 5.99% p.a. for borrowers with excellent credit, while rates for those with impaired credit may range from 12% to 20% p.a. All rates must comply with Australian Consumer Law and responsible lending obligations.
Yes, all legitimate lenders operating in Victoria must hold an Australian Credit Licence (ACL) issued by ASIC and comply with the National Consumer Credit Protection Act 2009. This includes online lenders, banks, and credit unions. Always verify a lender's ACL number on the ASIC website before applying.
Victoria lenders typically require recent payslips (last 2-3 months), bank statements showing regular income deposits, and proof of employment. Self-employed applicants may need tax returns and business financial statements. Requirements vary by lender and loan amount under responsible lending guidelines.
Loan-Platform.com is not a lender. We compare licensed credit providers regulated by the Australian Securities and Investments Commission (ASIC) under the National Consumer Credit Protection Act 2009 (NCCP Act). All lenders displayed hold valid Australian Credit Licences (ACL) and comply with responsible lending obligations, including affordability assessments and suitability requirements.
Loan amount: $10,000 | Interest rate: 8.95% p.a. | Loan term: 3 years (36 months) | Monthly repayment: $318.00 | Total repayment: $11,448.00 | Total interest: $1,448.00.
Rates vary based on credit profile, loan amount, term, security, and lender. Always review loan contract before signing.
We may receive commissions when you click links to lender partners and complete applications. Commission does not influence your interest rate or loan terms. Lenders are ranked based on interest rates, fees, approval speed, customer reviews, and product features. We only display ASIC-licensed lenders who meet our quality standards.
Consumer Protection: Under the NCCP Act, you have the right to receive clear information before entering credit contracts, protection against unsuitable lending, and access to external dispute resolution through the Australian Financial Complaints Authority (AFCA). Always borrow responsibly and only take credit you can afford to repay. For free financial counselling, visit MoneySmart.gov.au.