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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

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
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
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

Electric Vehicle Financing Soars Amidst Market Decline
Electric Vehicle Financing Soars Amidst Market Decline
19 Apr 2026: Paige Estritori
In February 2026, the Australian Finance Industry Association (AFIA) reported a remarkable 48% year-on-year increase in electric vehicle (EV) financing. This surge occurred despite a nearly 3% decline in the overall motor finance market, indicating a strong consumer shift towards sustainable transportation options. - read more
Boating Industry Outlook for 2026: Embracing Innovation Amid Economic Challenges
Boating Industry Outlook for 2026: Embracing Innovation Amid Economic Challenges
19 Apr 2026: Paige Estritori
As the boating industry transitions into 2026, it faces a landscape marked by economic uncertainties and evolving consumer behaviours. Despite a softening in new retail sales during 2025, industry leaders maintain a positive outlook, emphasising the role of innovation and sustainability in driving future growth. - read more
MasterCraft's 'Let Her Rip' Campaign: Empowering Women in Boating
MasterCraft's 'Let Her Rip' Campaign: Empowering Women in Boating
19 Apr 2026: Paige Estritori
MasterCraft Boat Company has announced the return of its acclaimed 'Let Her Rip' campaign for 2026, a marketing initiative that celebrates and encourages female participation in the boating community. This campaign aligns with the industry's broader efforts to diversify its customer base and promote inclusivity. - 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
Monetary Policy:
The actions of a central bank or other regulatory authority that determine the size and rate of growth of the money supply.