Frequently Asked Questions
You can use a personal loan for almost anything – organising that dream wedding, the perfect honey-moon, holiday of a lifetime, paying for education, home renovations, cosmetic surgery or crunching your debt. Car and leisure loans are structured a little differently, but no worries there – we will walk you through the entire process. Have a chat with one of our consultants to work out what loan best matches your dream. Just give us a call on 1300 138 530 or request a call back on our website, and we will do all of the work for you.
We have access to over 40 lenders. We will do all of the leg work for you and find the best rate and best lender fit to your personal circumstances. We will make sure that the loan not harm your credit rating and we will find and eliminate any nasty surprises like hidden terms or fees.
You may borrow up to $50,000 depending on your circumstances. However, if you require a larger sum, get in touch with us to explore other options. Car and leisure loans can go higher but loan amounts are limited by the market value of the asset and your ability to service the loan. We will assess your situation and advise you on how much you may borrow, as well as the structure and lender we find to be most suitable for your needs.
This depends on which lender you decide on but generally, they all provide options for Direct Debit, B-Pay and Direct Credit. Payment terms are normally spaced weekly, fortnightly or monthly.
You may be able to get an answer on the same day and money in your bank account the next. It depends on the type of product you are applying for. Special circumstances may take a little longer. Talk to our consultants today and they will be able to answer all your questions.
Once we get approval and sign off, the loan is usually available the next day and will not take more than two working days. However, exceptions may be made for special circumstances.
You need to be at least 18 years old, be an Australian Permanent Resident / Citizen or hold a 457 Visa or Bridging Visa and prove that that you have a regular income. There could be other bits and pieces needed for our credit and approval criteria depending on your situation. All of this will only take five minutes on the phone with one of our consultants.
Yes. When we submit your application to a lender, they will check your credit file. However, we will not submit the application until you explicitly approve the product offering and have confirmed verbally or via e-mail that you are happy to proceed. Also, we are aware that some lenders look worse on your credit file than others so we will make sure you steer clear of those.
Most of our loans have fixed interest rates, which ensure that repayment amounts stay the same throughout the life of the loan. We will disclose all information as we think it is important that you know exactly what you are up for and that there are no hidden surprises.
You can make extra repayments any time and save on interest. You can also pay off your loan early – however, some lenders may charge early exit fees and in such cases, we will provide all of this information to you.