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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 Great Debate: Pros and Cons of Refinancing Your Home Loan
The Great Debate: Pros and Cons of Refinancing Your Home Loan
In recent years, refinancing has emerged as a popular financial strategy for many Australian homeowners. With the housing market's dynamic nature and fluctuating interest rates, more people are considering the benefits of refinancing their home loans. This trend is not surprising, as refinancing can potentially reduce monthly payments, secure lower interest rates, and assist with debt consolidation. - 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
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

Vision Marine's 2026 Electric Boat Production Fully Committed Amid Rising Demand
Vision Marine's 2026 Electric Boat Production Fully Committed Amid Rising Demand
27 Apr 2026: Paige Estritori
Vision Marine Technologies Inc. has announced that its 2026 electric boat production is fully committed, reflecting a significant uptick in demand from commercial fleet operators. This development underscores the growing shift towards sustainable marine transportation solutions. - read more
CBA Predicts 'Year of Limits' as AI Reshapes Lending Landscape in 2026
CBA Predicts 'Year of Limits' as AI Reshapes Lending Landscape in 2026
27 Apr 2026: Paige Estritori
The Commonwealth Bank of Australia (CBA) has projected that 2026 will be a 'year of limits' for the financial sector, as artificial intelligence (AI) continues to transform lending practices amidst rising interest rates. This forecast highlights the dual impact of technological innovation and economic factors on the lending landscape. - read more
Australian Superyacht Conference 2026: Embracing a New Era with Revitalised Format
Australian Superyacht Conference 2026: Embracing a New Era with Revitalised Format
27 Apr 2026: Paige Estritori
Superyacht Australia has announced the return of the Australian Superyacht Conference in 2026, introducing a refreshed format and a new location in Sydney. Traditionally held on the Gold Coast in May, the conference will now take place immediately following the inaugural Sydney Charter Show, creating an exciting week of activity for Australia's growing superyacht sector. - 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
Credit Score:
A numerical expression based on a level analysis of a person's credit files, representing the creditworthiness of an individual.