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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

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
Top Mistakes to Avoid When Saving for Your First Home
Top Mistakes to Avoid When Saving for Your First Home
Embarking on the journey to homeownership is both exciting and daunting. It's a significant milestone that requires careful planning and disciplined saving. For many Australians, buying a first home represents a dream come true, and it's essential to approach it strategically. - 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

Surge in Investor Refinancing Hits Record Levels in Australia
Surge in Investor Refinancing Hits Record Levels in Australia
28 Apr 2026: Paige Estritori
Recent data from the Australian Bureau of Statistics (ABS) reveals a significant surge in investor refinancing activities, reaching unprecedented levels in the final quarter of 2025. This trend underscores a growing inclination among property investors to restructure their mortgage arrangements to capitalise on favourable market conditions. - read more
ANZ Adjusts Variable Home Loan Rates in Response to RBA's Cash Rate Increase
ANZ Adjusts Variable Home Loan Rates in Response to RBA's Cash Rate Increase
28 Apr 2026: Paige Estritori
ANZ Bank has announced an increase in its variable home loan interest rates, following the Reserve Bank of Australia's (RBA) recent decision to raise the official cash rate. Effective from 13 February 2026, ANZ's variable interest rates will rise by 0.25% per annum. - read more
Australian Homeowners Rush to Refinance Amidst Rising Interest Rates
Australian Homeowners Rush to Refinance Amidst Rising Interest Rates
28 Apr 2026: Paige Estritori
In the wake of the Reserve Bank of Australia's (RBA) recent interest rate hikes, there has been a notable surge in home loan refinancing across the country. Homeowners are proactively seeking better mortgage deals to mitigate the impact of rising rates on their financial commitments. - 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
Index Fund:
A type of mutual fund designed to replicate the performance of a specific market index, such as the S&P 500.