SYDNEY - eTradeWire -- For many Australians, a personal loan isn't just about borrowing – it's about managing expenses in a structured way. From consolidating high-interest debt to covering medical bills, planning a wedding, or upgrading the home, personal loans are helping people take control of their finances.

A Financial Shift

According to the Australian Bureau of Statistics (ABS) Lending Indicators, June 2025, the value of new personal fixed-term loan commitments reached $9.0 billion – up 5.3% over the quarter and 16.8% higher than last year.

Of this, $4.9 billion went to road vehicles, while $4.1 billion was classed as "other personal loans," covering household goods, travel, or debt consolidation.

Australians are moving away from high-interest credit cards and Buy Now, Pay Later (BNPL) schemes, and toward structured, transparent lending that offers stability. Borrowing is shifting from "surviving" to "planning."

What Makes Econnex Personal Loan Comparison Different

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Econnex, already trusted for energy, internet, solar, and credit card comparison, has launched its Personal Loan vertical to make financial decisions easier.

Key features include:

• Select loan term: Compare loan terms suited to your budget.
• Soft credit check: View offers without affecting your score.
• Digital experience: Apply anytime, anywhere with a secure process.
• Options on fair credit: Some lenders may consider applications with fair credit scores, subject to their criteria.
• Compare in one place: See interest rates, terms, fees, and eligibility side by side.
• Clear information: Plain language helps you compare with confidence.

Built for Real Life

"Australians don't just need access to loans, they need a clear, trusted way to compare their options and choose what's right for them," said Ankit Jain, CEO of Econnex. "With personal loans now part of our platform, we're delivering the same transparency and simplicity we've brought to utilities."

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The Road Ahead

The launch of personal loan comparison (https://www.econnex.com.au/personal-loans) is the latest step in Econnex's roadmap to expand its trusted platform. As more Australians turn to personal credit to navigate rising costs, Econnex remains committed to offering solutions that are transparent, responsible, and consumer focused.

Disclaimer: Econnex Comparison is a business name of CIMET Sales Pty Ltd ABN 72 620 395 726 (CIMET), Australian Credit Licence 546701. It is a comparison platform, not a lender. We compare personal loan products from a panel of selected lenders; not all lenders or products in the market are included. Eligibility and loan terms depend on user details and the assessment criteria of each lender. Consumers should always consider their personal circumstances and review each lender's Target Market Determination (TMD) and product Terms and Conditions before applying.