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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
An Insider's Guide to Enhancing Your Credit Profile for Any Loan
An Insider's Guide to Enhancing Your Credit Profile for Any Loan
Having a robust credit profile is one of the most critical factors for financial health, especially when seeking loans in Australia. Whether you're eyeing a new car, dreaming of a home or simply want to secure a personal loan for unexpected expenses, your credit score often dictates the outcome. Not only does it influence a lender's decision to offer you finance, but it also affects the interest rates you might be charged. - read more
How Your Credit Rating Impacts Your Loan Options: What You Need to Know
How Your Credit Rating Impacts Your Loan Options: What You Need to Know
A credit rating is essentially a numerical representation of your financial trustworthiness. It's like a report card for your creditworthiness, where higher scores indicate better financial habits. Lenders and financial institutions scrutinize this score when you apply for credit, serving as a primary factor in approving or denying loan applications. - read more

Finance News

Great Southern Bank's 40-Year Mortgage: A New Path for First-Time Buyers
Great Southern Bank's 40-Year Mortgage: A New Path for First-Time Buyers
20 Apr 2026: Paige Estritori
In a move aimed at addressing the challenges faced by first-time home buyers, Great Southern Bank has introduced a 40-year home loan. This extended mortgage term is designed to provide more affordable monthly repayments, potentially making homeownership more accessible for younger Australians. - read more
Westpac's 5.84% Home Loan Rate: A Strategic Move to Attract Refinancers
Westpac's 5.84% Home Loan Rate: A Strategic Move to Attract Refinancers
20 Apr 2026: Paige Estritori
In a bid to capture a larger share of the refinancing market, Westpac has unveiled a special online refinance rate of 5.84% per annum. This offer is available to new customers with at least 30% equity in their properties, signaling a strategic move to attract borrowers seeking better deals. - read more
Macquarie Bank's Rate Reduction: A Boost for Home Loan Borrowers
Macquarie Bank's Rate Reduction: A Boost for Home Loan Borrowers
20 Apr 2026: Paige Estritori
Macquarie Bank has announced a reduction in its variable home loan rates, bringing them down to 5.34% per annum. This move is part of the bank's strategy to offer more competitive products and attract a broader range of borrowers. - 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
Debt Consolidation:
Taking advantage of lower interest rates that may be available by the grouping of multiple loans into one, lower interest rate loan.