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Warning to Borrowers: Unsecured personal loans
The following information is specific to unsecured personal loans.
Minimum period for repayment 6 months, maximum period 5 years.
The maximum Annual Percentage Rate (APR) including all fees and charges is 36% for small, shorter term loans. Longer term loans for larger amounts may be available for an APR of 15% or lower.
For example, a $1000 loan over 6 months could require a fortnightly repayment amount of as much as $96.92 including total costs (interest fees and charges) of $260 in addition to the amount that you borrowed.
Secured loans such as home loans, car loans, etc. are usually a much cheaper finance option. The interest rate will be different depending on what you are financing. For example, home loan interest rates will be typically lower than for a car, boat, caravan or truck loan.

Finance Articles

Essential Tips for Choosing the Right Personal Loan in Australia
Essential Tips for Choosing the Right Personal Loan in Australia
Personal loans are a type of financing option that individuals can use to fund various personal expenses. Unlike mortgages or car loans, they aren't earmarked for a specific purpose, giving borrowers more flexibility in how they use the funds. These loans are usually unsecured, which means you don’t have to provide collateral to borrow money. - read more
The Road to Recovery: How to Rebuild Your Credit for Future Loans
The Road to Recovery: How to Rebuild Your Credit for Future Loans
In today’s economy, a good credit score is more than just a number—it's a pivotal element of financial health that can open doors to necessary funding when it's most needed. Whether it's for purchasing a new home, investing in a business, or obtaining personal loans, a robust credit score in Australia is your ticket to favorable interest rates and loan terms. - read more
Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt consolidation is a strategy often utilized by individuals seeking to take control of their financial health. At its core, debt consolidation involves combining multiple debts into a single, more manageable loan, typically with more favorable terms such as a lower interest rate or a longer repayment period. - read more

Finance News

Australian Insurers Coordinate Response to Middle East Conflict's Economic Impact
Australian Insurers Coordinate Response to Middle East Conflict's Economic Impact
12 Apr 2026: Paige Estritori
In light of escalating tensions in the Middle East, the Australian insurance sector is proactively coordinating efforts to mitigate potential economic repercussions for policyholders. The Insurance Council of Australia (ICA) has activated its board strategy committee, comprising senior industry executives, to develop a unified response to the challenges posed by the conflict. - read more
Tailored Support for SMEs Facing Fuel Crisis Challenges
Tailored Support for SMEs Facing Fuel Crisis Challenges
12 Apr 2026: Paige Estritori
In response to the escalating fuel crisis, Australian small and medium-sized enterprise (SME) lenders are stepping up to offer tailored support to businesses grappling with rising fuel costs and supply chain disruptions. This proactive approach aims to alleviate financial pressures and ensure business continuity during these challenging times. - read more
Surge in Non-Bank Lending Among Australian SMEs
Surge in Non-Bank Lending Among Australian SMEs
12 Apr 2026: Paige Estritori
Australian small and medium-sized enterprises (SMEs) are increasingly turning to non-bank lenders for their financing needs, with demand reaching a record high of 47%, marking a 50% year-on-year increase. This trend reflects a significant shift in the SME financing landscape, as businesses seek more flexible and accessible funding options. - read more

Free Loan Eligibility Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Mortgage Broker:
A person or company that acts as an intermediary between borrowers and lenders, but does not lend money directly.