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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 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
Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt consolidation is a strategy often utilized by individuals seeking to take control of their financial health. At its core, debt consolidation involves combining multiple debts into a single, more manageable loan, typically with more favorable terms such as a lower interest rate or a longer repayment period. - 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

ASIC Advocates for Stricter Oversight in Private Lending
ASIC Advocates for Stricter Oversight in Private Lending
09 Mar 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently highlighted significant concerns within the nation's burgeoning private lending sector. This rapidly expanding industry, also known as private credit, has extended approximately $200 billion in loans, predominantly to high-risk real estate developers and property investors, often at interest rates substantially higher than those offered by traditional banks. - read more
Non-Bank Lending Growth Triggers Regulatory Attention
Non-Bank Lending Growth Triggers Regulatory Attention
09 Mar 2026: Paige Estritori
Australia's non-bank lending sector is experiencing unprecedented growth, attracting increased scrutiny from regulatory authorities such as the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA). This surge is driven by borrowers seeking alternatives to traditional banks, often in pursuit of more flexible lending terms or to circumvent stringent banking regulations. - read more
Coalition's Plan to Ease Home Loan Regulations
Coalition's Plan to Ease Home Loan Regulations
09 Mar 2026: Paige Estritori
The Coalition has announced a proposal to relax home lending rules in Australia, a move aimed at facilitating access to mortgages for first-time homebuyers. This initiative focuses on adjusting the Australian Prudential Regulation Authority's (APRA) serviceability buffer, which currently requires banks to assess borrowers' ability to repay loans at an interest rate 3% higher than the actual loan rate. - 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
Debt Consolidation:
A means empoyed to renegotiate debt. By combining loans and outstanding bills, a person can consolidate debt with a single financial institution resulting in a single monthly repayment.