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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

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
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
Welcome to the world of car ownership! If you're a first-time borrower in Australia, you're likely to feel a mix of excitement and apprehension. Acquiring a car loan is a significant financial responsibility, and navigating through the options can be daunting. This introductory guide is designed to set you on the right path to making a well-informed decision. - read more
Online Loan Application Essentials: What to Know Before You Click Submit
Online Loan Application Essentials: What to Know Before You Click Submit
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more

Finance News

Tasmania's Ambitious Plan to Build 4,000 New Homes
Tasmania's Ambitious Plan to Build 4,000 New Homes
02 May 2026: Paige Estritori
The Tasmanian and Commonwealth governments have recently announced a collaborative housing package designed to address the state's housing shortage and improve affordability. This initiative aims to construct approximately 4,000 new homes across Tasmania, with more than half—up to 2,101 dwellings—specifically allocated for first-home buyers. - read more
April Sees Minimal Growth in National Home Prices
April Sees Minimal Growth in National Home Prices
02 May 2026: Paige Estritori
Recent data indicates that national home prices in Australia experienced a modest increase of 0.3% in April, marking the slowest growth rate since January 2025. This deceleration is primarily attributed to price declines in major cities such as Sydney and Melbourne, where house prices fell by 0.6% during the month. - read more
Increased Competition in Entry-Level Housing Market Amid 5% Deposit Scheme Expansion
Increased Competition in Entry-Level Housing Market Amid 5% Deposit Scheme Expansion
02 May 2026: Paige Estritori
The expansion of the federal government's 5% deposit scheme has significantly influenced Australia's housing market, particularly within the entry-level segment. Recent analyses reveal that this initiative has intensified competition among first-home buyers and investors, leading to notable price increases for affordable properties. - 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
Bear Market:
A market condition where the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining.