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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

The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
Welcome to the world of car ownership! If you're a first-time borrower in Australia, you're likely to feel a mix of excitement and apprehension. Acquiring a car loan is a significant financial responsibility, and navigating through the options can be daunting. This introductory guide is designed to set you on the right path to making a well-informed decision. - read more
Creating a Bulletproof Budget: Tips for Australians Juggling Debts
Creating a Bulletproof Budget: Tips for Australians Juggling Debts
Creating a sturdy financial foundation is essential for Australians navigating the often turbulent waters of debt. A bulletproof budget does more than just track expenses; it acts as a buffer against unexpected financial downturns and provides a clear path toward financial freedom. Comprehending the full weight of this importance is the first step to turning one's financial destiny around. - read more
A Complete Guide to Caravan Financing: Securing Your Mobile Haven
A Complete Guide to Caravan Financing: Securing Your Mobile Haven
Caravans have surged in popularity across Australia, offering an unmatched fusion of comfort and mobility. This beloved mode of travel grants you the liberty to discover hidden gems off the beaten path while bringing along the comforts of home. With the rise of remote work and the enduring spirit of wanderlust, caravans provide a flexible lifestyle choice for adventurers, retirees, and families alike. - read more

Finance News

Victoria's Unit Market Set to Outperform Houses in 2026
Victoria's Unit Market Set to Outperform Houses in 2026
26 Feb 2026: Paige Estritori
Victoria's unit market is projected to experience substantial growth in 2026, potentially outpacing the price increases observed in the housing sector. Data from the Real Estate Institute of Victoria indicates that from October to December 2025, the median price of Melbourne units rose by 2% to $656,500, surpassing the 1.8% growth seen in house prices during the same period. - read more
Interest Rate Increases Poised to Temper Property Price Growth in 2026
Interest Rate Increases Poised to Temper Property Price Growth in 2026
26 Feb 2026: Paige Estritori
As 2026 approaches, the Australian property market is expected to experience a slowdown in price growth due to anticipated interest rate hikes. According to ABC News, Cotality's national Home Value Index rose by 0.8% in January 2026, with mid-sized capital cities leading the gains. However, the pace of growth is projected to decelerate as the Reserve Bank of Australia (RBA) considers increasing interest rates to address rising inflation. - read more
Australian Property Prices Set to Reach New Heights in 2026
Australian Property Prices Set to Reach New Heights in 2026
26 Feb 2026: Paige Estritori
Recent analyses indicate that Australian property prices are poised to reach unprecedented levels in 2026, presenting significant challenges for first-home buyers. According to a report by ABC News, Domain forecasts that median house prices in Sydney could rise by 7% to $1.83 million by June 2026, while Melbourne's median house price is expected to increase by 6% to $1.1 million. - read more

Free Loan Eligibility Assessment

Loan Amount:
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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
Adjustable-Rate Mortgage (ARM) Cap:
A limit on how much the interest rate or the payment can change for an Adjustable-Rate Mortgage.