Personal Loans
When you are short of funds for some of those big ticket items you need to buy, a personal loan can help you achieve your personal goals.
There are a range of funders providing personal loans, which one is best for you depends on your current financial goals and circumstances. We help you understanding your current situation and match the funder that is right for you. Personal loans can be taken out for a lot of things like:
- Car
- Holiday
- Purchase deposit for first home buyers
- Wedding
- Renovations
- Medical
- Debt Consolidation
- Furniture and appliances
- Any other innovative reasons
Types of Personal Loans on offer:
Secured Personal Loan
A secured personal loan requires you to put up an asset as a security in order to borrow funds against it from the lender. A security can be a car, a house or even cash or jewellery. Due to the security, banks generally offer a lower interest rate resulting in a lower monthly repayment.
Unsecured Personal Loan
An unsecured personal loan doesn’t require you to put up an asset as a security and hence due to the high-risk nature of the loan, interest rates are usually higher. Yet it is cheaper than an unsecured credit card option.
Terms for personal loans
Usually, a personal loan can be for a loan term starting 1 year to a 10 year loan. Repayments will vary as per term chosen. The higher the term, the lower your monthly repayments.
Our team of personal loan experts will work with you to understand your personal circumstances and will recommend a suitable personal loan funder. The application process if quick and easy and funds are generally ready within 24 hrs of approval.
To find out whether you are eligible for a personal loan, contact one of our specialist.
