It depends on your personal situation. If you're able to borrow money from your home loan through equity release or redraw, then the interest rate payable on that additional borrowing should be lower than a personal loan. However, you need to be disciplined in paying that money off within the same period as a normal personal loan, as paying it off over 30 years instead may mean you pay more interest over the life of the loan.
If you don't have enough equity or enough redraw then the fixed term of a personal loan might be right for you. We can help you assess the differences between these scenarios as part of you free appointment with an expert Aussie broker.