Question 1

Secured or unsecured personal loan — which is better?

Accepted Answer

Secured loans (against a car or other asset) usually have lower rates but put the asset at risk. Unsecured loans are faster and simpler but cost more.

Question 2

What can I use a personal loan for?

Accepted Answer

Debt consolidation, a car, renovations, medical costs or a wedding. Some purposes (like a house deposit) are restricted by lenders.

Question 3

How much can I borrow?

Accepted Answer

Typically $2,000 to $100,000, depending on the lender, your income and your credit profile. Terms usually run 1–7 years.

Question 4

What interest rate can I expect?

Accepted Answer

Rates vary widely by lender, security and credit profile. We compare the market for your situation — never a number from memory.

Question 5

How fast can I get a personal loan?

Accepted Answer

Many lenders approve and fund within 24–48 hours for straightforward applications. We help you apply to the right lender first time.

Personal loans in Australia, without the guesswork.

Frequently Asked Questions