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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 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
The Role of Business Insurance in Protecting Your Australian Enterprise
The Role of Business Insurance in Protecting Your Australian Enterprise
Starting and running a business in Australia can be an exhilarating experience, full of opportunities for growth and success. However, it also comes with its fair share of risks and uncertainties. From unexpected natural disasters to potential legal disputes, the threats to the sustainability of a business are ever-present. This is where business insurance becomes pivotal as a protective tool for Australian enterprises. It provides the much-needed safety net to help businesses mitigate potential losses and continue operations with confidence. - read more
Understanding the Fine Print: Fees and Charges in Personal Loans
Understanding the Fine Print: Fees and Charges in Personal Loans
Personal loans are a type of unsecured credit that allows individuals to borrow money for various personal expenses, including consolidating debt, making home improvements, or funding significant life events. Unlike secured loans that require collateral, personal loans rely on your creditworthiness, making them an accessible option for many Australians. - read more

Finance News

Firstmac's Landmark $2 Billion RMBS Issuance Reflects Market Strength
Firstmac's Landmark $2 Billion RMBS Issuance Reflects Market Strength
12 Jun 2026: Paige Estritori
In a significant development for the Australian mortgage market, non-bank lender Firstmac has successfully priced a $2 billion residential mortgage-backed securities (RMBS) transaction. This issuance stands as one of the largest in recent times, underscoring robust investor confidence despite prevailing global uncertainties. - read more
RBA Holds Cash Rate Steady at 4.35% in June 2026
RBA Holds Cash Rate Steady at 4.35% in June 2026
12 Jun 2026: Paige Estritori
The Reserve Bank of Australia (RBA) has announced its decision to maintain the official cash rate at 4.35% during its June 2026 meeting. This unanimous decision marks a pause in the central bank's recent series of rate hikes, providing a moment of stability for borrowers and financial markets. - read more
ScotPac's $300 Million ABS Deal Demonstrates Market Resilience
ScotPac's $300 Million ABS Deal Demonstrates Market Resilience
12 Jun 2026: Paige Estritori
ScotPac, a leading non-bank lender, has successfully completed a $300 million asset-backed securitisation (ABS) transaction, marking its third such issuance. This achievement underscores the resilience of Australia's lending market and sustained investor confidence, even amid global economic uncertainties. - 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
Lien:
A legal claim against a property that must be paid off when the property is sold.