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8 Interesting Personal Loan Statistics Australia 2026

8 Interesting Personal Loan Statistics Australia 2026

16 Feb 2026

Australians took out more personal loans in 2025 than ever before. Thanks in part to lower interest rates than in the preceding 12-month period, Australian’s leveraged personal loans to spend, invest, and consolidate at a rate of more than 2 billion each month.

As we look into 2026, we have compiled a list of eight of the most interesting and telling insights into how borrowers in Australia are borrowing and spending personal loans.

1. 59% of all personal loans are for road vehicles

According to the latest data from the Australian Bureau of Statistics (ABS), 59% of all loans taken out in Australia are used to fund the whole or partial purchase of a road vehicle including cars, trucks, motorcycles, and scooters. Debt consolidation (23%) and home improvement loans came in second and third places respectively.

2. The average term for a personal loan in Australia is 35 months

According to the latest APRA ADI Performance Statistics, the average loan period for personal loans in Australia is just shy of 3 years at 35 months. For many, 3-years provides a good mix of managing repayments whilst also mitigating interest and is therefore also one of the most popular loan terms suggested by lenders.

3. The average monthly loan repayment for a personal loan is $771

Weighing up the average principal, interest rate, and loan term data that has been accumulated by the ABS, we can calculate that the average monthly loan repayment for a personal loan in Australia is $771 or around $178 per week.

4. The average interest rate for personal loans in Australia is 13.87%

As of Q1 2026, the average interest rate paid on personal loans in Australia is 13.87% across more than 9 billion of lending. The loan term, amount, and individual financial circumstances can all play a role in determining the average interest rate, so it’s important to remember that this average considers all personal loans in Australia.

5. The average age of personal loan borrowers in Australia is 36.8

The average age of personal loan borrowers in Australia is 36.8 years of age. According to the most recent data, the average age of borrowers is between 36-40 years of age with the medium falling at 36.8 years of age.

6. Australians borrowed around 9.3 billion last quarter

According to the most recent data from the Australian Bureau of Statistics, Australian’s borrowed some 9.3-billion last quarter which includes refinancing of existing loans as well as debt consolidation.

7. The average credit score of personal loan borrowers in Australia is 864

According to the latest data, the average credit score of personal loan borrowers in Australia remains in the “excellent” range with an average of 864 out of a possible 1200 – an uptick from the previous data from 2024 which reflected an average of 861.

8. Green loans grew by 46% in 2025

According to the latest available data, Green Loans which include EV loans, solar loans, and electricity efficiency upgrade loans grew by a whopping 46% in 2025 as more Aussies continue to invest in a greener future. The Green/EV loan segment is a strong reflection of Australia’s changing attitude towards renewables and clean energy.

Sources

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