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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

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
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
When you're on the journey to owning your dream home, securing the right home loan is as critical as choosing the perfect location. The benefits of using online home loan calculators can't be overstated, as they wield the power to illuminate the murky depths of mortgage rates, terms, and payments with surprising precision. - read more

Finance News

Understanding APRA's New Lending Restrictions for Homebuyers
Understanding APRA's New Lending Restrictions for Homebuyers
19 Feb 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced new measures to limit high debt-to-income (DTI) home loans, effective from 1 February 2026. Under these regulations, banks and other authorised deposit-taking institutions are restricted to allocating no more than 20% of new home loans to borrowers with a DTI ratio of six times or more. - read more
RBA's Interest Rate Hike: What It Means for Homebuyers
RBA's Interest Rate Hike: What It Means for Homebuyers
19 Feb 2026: Paige Estritori
The Reserve Bank of Australia (RBA) has raised the cash rate by 25 basis points to 3.85% in its February meeting, responding to a resurgence in inflation during the latter half of 2025. This decision marks the first rate hike in over two years and aims to curb inflationary pressures that have re-emerged despite previous rate cuts. - read more
Anticipated 5% Rise in Australian House Prices: What Buyers Need to Know
Anticipated 5% Rise in Australian House Prices: What Buyers Need to Know
19 Feb 2026: Paige Estritori
Australia's housing market is poised for continued growth in 2026, with economists forecasting a 5% increase in house prices over the next 12 months. This projection follows an 8.6% rise in 2025, marking the strongest annual growth since 2021. The anticipated growth is primarily driven by demand outstripping supply, a trend observed across all states and territories. - 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
Guarantor:
A party who agrees to be responsible for the payment of another party's debts should the original party fail to pay or perform according to a contract.