A personal loan gives you access to up to $100,000 same-day approval, a low rate from 9,75%, and flexible repayment terms of up to 6 years – providing the affordable financing you need with unmatched ease and convenience.
View Personal loan OffersAccess a personal loan that meets your needs in terms of loan amount, term, and affordability.
Loans are offered by Australia's most trusted and competitive lenders and can be obtained online.
More and more Australian citizens are turning to personal loans when they need some extra money to help them through a tough time.
A personal loan can be used for many different reasons such as extra spending money for when you go on holiday, paying an overdue bill or paying for car repairs.
The loans range up to $100,000 and give you between 5 and 7 years to pay back the loan.
A secured loan means that you will need to put up an item of value as collateral to secure your loan, this could be your car, house or any item of value. If you default on payment then you are at risk of losing that item.
An unsecured loan means that the loan does not have to be backed by collateral, as this is a higher risk loan to the lender the interest rate is usually much higher.
To apply for a personal loan is very easy, either apply online, via the telephone or in the branch. To apply online is quick and easy, supporting documents can easily be uploaded and the approval process is almost instant.
Decide how much you would like to borrow and how long you need to pay back the money.
There are many different types of personal loans that can be secured or unsecured loans. Other types of personal loans that are available include:
To apply for a personal loan is very simple and the entire process can be completed online so there is no need to spend time searching for a branch. By using a completely paperless system you are helping to keep the planet green while saving yourself time and unnecessary effort. If you need to upload supporting documentation you can upload your documents directly to the site with ease.
Fill in the online loan application form with your personal details and customize your loan agreement. Consent to a credit check then sit back and relax while we check your affordability.
Once your application has been approved, you can simply sign the agreement online and the cash will be paid directly into your bank account.
To apply for a personal loan you will need to meet certain criteria such as:
There are many advantages to taking out a personal loan. It is very easy to apply online at any time of the day and the approval process is almost instant, particularly in the case of payday and short-term loans.
There is no need to visit the branch and meet with the lender face to face. Your personal information and data will be kept secure by the latest technology so there is no risk involved. Once the loan has been approved the money will be paid directly into your bank account and the cash can be drawn out and used for whatever you need it for, there is no restriction on what you can use the money for.
Personal loans are free to apply for so that you can see if you qualify with no obligation to take the loan if your application is approved.
Payday loans are also a form of personal loan. The only disadvantage is that the interest rate is usually a bit higher then other forms of credit.
When deciding on which loan is the correct option for you it is important to take a low rate personal loan and make sure that you will be able to afford the interest rate when the time comes to pay back the loan.
In Australia, the interest rate that lenders offer can differ significantly and you will need to decide between a fixed or variable interest rate. A fixed interest rate allows you to budget more effectively as the amount of interest that you are charged will be a fixed amount for the duration of the loan term this amount will not be affected by the changing markets.
A variable interest rate means that the amount you will be charged will fluctuate if the market rates drop, you will save by paying a lower interest rate.