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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 In-Depth Guide to Boat Loans in Australia: What You Need to Know Before Diving In
The In-Depth Guide to Boat Loans in Australia: What You Need to Know Before Diving In
Australia, with its expansive coastline and spectacular waterways, naturally cultivates a rich culture of marine enthusiasts. Imagine the salty breeze on your face as you slice through waves, the call of seabirds overhead, and the freedom to explore hidden coves and beaches – this is the quintessential Australian boating lifestyle. - read more
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
The Ultimate Cheat Sheet for Aussie Borrowers: Top Loan Comparison Strategies
In the dynamic world of Australian finance, securing a loan can be a pivotal move for individuals seeking to achieve their financial goals. Whether it's for purchasing a dream home, expanding a business, or simply consolidating debt, the importance of smart loan comparison cannot be overstated. With an array of lending products available, borrowers are often faced with a bewildering choice. That's why equipping yourself with powerful loan comparison strategies is not just important, it's essential. - read more
Essential Tips for Choosing the Right Personal Loan in Australia
Essential Tips for Choosing the Right Personal Loan in Australia
Personal loans are a type of financing option that individuals can use to fund various personal expenses. Unlike mortgages or car loans, they aren't earmarked for a specific purpose, giving borrowers more flexibility in how they use the funds. These loans are usually unsecured, which means you don’t have to provide collateral to borrow money. - read more

Finance News

Plenti Group Reports Record Financial Performance in FY26
Plenti Group Reports Record Financial Performance in FY26
20 May 2026: Paige Estritori
Plenti Group Limited, a prominent Australian fintech lender, has announced a record cash profit before tax (PBT) of $30.8 million for the fiscal year ending March 31, 2026. This figure represents a remarkable 117% increase compared to the previous year, underscoring the company's robust growth and operational efficiency. - read more
Australian Banks Respond to RBA's Cash Rate Increase
Australian Banks Respond to RBA's Cash Rate Increase
20 May 2026: Paige Estritori
In response to the Reserve Bank of Australia's (RBA) recent decision to raise the national cash rate to 4.35%, Australia's major banks have announced corresponding increases in their interest rates. This marks the third consecutive rate hike this year, bringing the cash rate back to levels last seen in early 2025. - read more
Beforepay Group's Personal Loan Originations Surge by 73%
Beforepay Group's Personal Loan Originations Surge by 73%
20 May 2026: Paige Estritori
Beforepay Group, an ASX-listed financial technology company, has reported a substantial 73% increase in personal loan originations during the third quarter of the 2026 fiscal year. This growth underscores the rising consumer demand for accessible and flexible financial solutions in Australia. - 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
Default:
The failure to repay a debt, including interest or principal, on a loan or security.