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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

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
The Great Debate: Pros and Cons of Refinancing Your Home Loan
The Great Debate: Pros and Cons of Refinancing Your Home Loan
In recent years, refinancing has emerged as a popular financial strategy for many Australian homeowners. With the housing market's dynamic nature and fluctuating interest rates, more people are considering the benefits of refinancing their home loans. This trend is not surprising, as refinancing can potentially reduce monthly payments, secure lower interest rates, and assist with debt consolidation. - read more
The Role of Business Insurance in Protecting Your Australian Enterprise
The Role of Business Insurance in Protecting Your Australian Enterprise
Starting and running a business in Australia can be an exhilarating experience, full of opportunities for growth and success. However, it also comes with its fair share of risks and uncertainties. From unexpected natural disasters to potential legal disputes, the threats to the sustainability of a business are ever-present. This is where business insurance becomes pivotal as a protective tool for Australian enterprises. It provides the much-needed safety net to help businesses mitigate potential losses and continue operations with confidence. - read more

Finance News

Understanding APRA's 6x DTI Cap and Its Impact on Borrowers
Understanding APRA's 6x DTI Cap and Its Impact on Borrowers
22 May 2026: Paige Estritori
In an effort to mitigate financial stability risks, the Australian Prudential Regulation Authority (APRA) has implemented a new policy effective from 1 February 2026, capping the proportion of new residential mortgages with a debt-to-income (DTI) ratio exceeding six times at 20% for authorised deposit-taking institutions (ADIs). This move aims to curb high-risk lending practices and address concerns over escalating household indebtedness. - read more
Macquarie Bank's Strategic Alliance with Brokers Fuels 28% Mortgage Growth
Macquarie Bank's Strategic Alliance with Brokers Fuels 28% Mortgage Growth
22 May 2026: Paige Estritori
In a notable development within the Australian banking sector, Macquarie Bank has reported a substantial 28% increase in its home loan portfolio, reaching $181.3 billion as of 31 March 2026. This impressive growth is largely attributed to the bank's strategic emphasis on partnerships with mortgage brokers, who were responsible for originating over 95% of new home loans during the financial year. - read more
AFG Achieves Record $31.6 Billion in Home Loan Lodgements
AFG Achieves Record $31.6 Billion in Home Loan Lodgements
22 May 2026: Paige Estritori
The Australian Finance Group (AFG) has reported a record-breaking $31.6 billion in home loan lodgements during the second quarter of the 2026 financial year, marking a 25% increase over the previous best second-quarter result. This milestone underscores the robust activity within the mortgage broker sector and the growing reliance of borrowers on broker services to navigate the complex lending landscape. - 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.