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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 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
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
Maximizing Your Borrowing Power: Strategies for Home Loan Comparison
When you're on the journey to owning your dream home, securing the right home loan is as critical as choosing the perfect location. The benefits of using online home loan calculators can't be overstated, as they wield the power to illuminate the murky depths of mortgage rates, terms, and payments with surprising precision. - read more
Creating a Bulletproof Budget: Tips for Australians Juggling Debts
Creating a Bulletproof Budget: Tips for Australians Juggling Debts
Creating a sturdy financial foundation is essential for Australians navigating the often turbulent waters of debt. A bulletproof budget does more than just track expenses; it acts as a buffer against unexpected financial downturns and provides a clear path toward financial freedom. Comprehending the full weight of this importance is the first step to turning one's financial destiny around. - read more

Finance News

Protect Yourself: Identifying and Avoiding Caravan Loan Scams
Protect Yourself: Identifying and Avoiding Caravan Loan Scams
03 Mar 2026: Paige Estritori
In the pursuit of owning a caravan, securing the right financing is crucial. However, the rise of online financial transactions has also led to an increase in fraudulent activities targeting potential borrowers. Understanding how to identify and avoid caravan loan scams is essential to protect your financial well-being. - read more
Best Small SUVs for First-Time Caravan Owners in 2026
Best Small SUVs for First-Time Caravan Owners in 2026
03 Mar 2026: Paige Estritori
Embarking on caravan adventures requires a reliable vehicle with adequate towing capacity. For first-time caravan owners in 2026, selecting the right small SUV is crucial to ensure safety, comfort, and affordability. Here are some top contenders that balance these factors effectively. - read more
APRA's New Cap on High Debt-to-Income Home Loans Explained
APRA's New Cap on High Debt-to-Income Home Loans Explained
02 Mar 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - 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
Volatility:
A statistical measure of the dispersion of returns for a given security or market index. Higher volatility indicates higher risk.