options unlimited.
No restrictions on how you use it, just funding that fits.
Personal Loans
Talk to a real person, right here on the ground in Aus. We find you the lowest rate, you get on your way.
Helping You Create Options Unlimited.
Personal loans aren’t tied to a specific purpose. Buy a car, go on a holiday, renovate the house, consolidate other debt, whatever you need it for, it’s covered.
Shopping around lender by lender wastes time, and there’s a good chance you land on one that won’t even approve you. We do that comparison for you instead. Give us your details, name, phone, email, and how much you need, and we’ll match you with a lender who actually fits your situation.
Used well, that money doesn’t just cover the immediate cost, it gets you back in control of your finances instead of stuck waiting on the next payday.
Benefits of Taking a Personal Loan
- Flexible -Spending: Use it however you need to, home renos, debt consolidation, an unexpected expense, whatever comes up. There's no restriction on what a personal loan can be used for.
- Immediate Funding: Once approved, the loan is disbursed quickly, so you're not stuck waiting on savings to catch up when something needs sorting now.
- Repayment Plans: Structured repayments mean you know exactly what's due and when. Our terms are built to fit your budget, not the other way around.
- Boost Your Travel Budget: Instead of applying lender by lender and hoping one says yes, we compare 40+ options and match you with the one that actually fits your situation.
Main Types of Personal Loans
What Is a Personal Loan?
A personal loan is a form of an installment loan. Once approved, you can use the money you received for any legal purpose. You can go for a substantial one-time purchase or pay off existing debts. It is a type of unsecured loan, which means you do not need collateral (such as your house or car) to get approved.
Most of the time, they will have a fixed repayment period, and interest rates are fixed as well. Therefore, you will already know how much and when your repayments will be before you sign the agreement.
How to Find the Perfect Personal Loan?
The first and most crucial step towards finding the perfect finance is to understand your own needs. It does not just pertain to the total amount of the loan but also your repayment capabilities. Consider the interest rates as well and how you plan to use the money. From there, it will be easy to locate the lender whose offers match your conditions.
Lenders typically look into the following:
- Your income
- Expenses
- Ability to repay the loan
- The reason why you need a loan
- Willingness to opt for a secured loan for larger amounts
The details above will not only be your gateway towards getting approved. They also allow the lender to make significant decisions on the amount you can borrow and the interest.
How We can Help You Find Finance
We’ve helped customers across Australia find the right personal loan, and we don’t cut corners doing it. We compare your options across 40+ lenders before presenting the best ones, without dragging the process out.
Fast doesn’t mean rushed. We just don’t believe you should have to wait around for funding you actually need.
Get in touch and let’s find the loan that works for you.
FAQS
Can I Apply for a Personal Loan Even if I Have a Low Credit Score?
Most of the time, you cannot get a bank loan if you have a low credit score. However, here at Loans Unlimited, we have access to 30 lenders who can provide you with a solution that suits your financial requirements.
Even if you have a poor credit rating, we can pair you up with a lender that accepts the risk. We do encourage you to improve your credit score by paying off your dues on time. It also helps you save some money since you do not have to worry about late fees and other penalties.
What Expenses or Purchases Can I Use the Loan for?
One of the most significant benefits of a personal loan is that you can use the money to pay for things you want. The expense can be anything from a holiday or travel to paying for education or tuition fees.
You can also take out a loan to consolidate your debt if you have multiple credit card debts or other loans. A personal loan can also be used to buy household goods or furniture and even pay for home improvements.
Should I Pick Unsecured Over Secured Loans?
At Loans Unlimited, you will find secured personal loans, which means you need to provide collateral to secure the loan.
A secured loan has attractive terms and rates. The security required will depend on your situation. However, some of the types of security that you may have to provide are property mortgages, cars, or any other asset.
We can also give you unsecured loan options. This type of personal loan is a good choice for those who need to borrow lower amounts. Be aware, though, that unsecured loans come with higher interest rates. If you would like to read more, we covered this topic in our blog.
What Documents Should I Provide?
When applying for a personal loan, we require borrowers to provide a bank statement and payslips. All loans should have an acceptable form of identification, such as a driver’s licence. You can also give a copy of your Australian passport or a Medicare card. You will have to wait for an email or message from us to learn about the outcome of your loan application.
It may be possible that we will ask for additional documentation from you. To speed up the process, be sure to have a copy of your IDs, both front and back.
Am I Allowed to Repay the Loan Earlier Than the Agreed Term?
You can pay off your loan at an earlier time, but it will depend on the type of loan you have. Typically, if it is a variable-rate personal loan, we allow early or extra repayments. Doing so can help you save money since it will lower the interest you need to pay.
On the other hand, if you have a fixed-rate loan, early or extra repayments can come with a fee. Be sure to enquire about early repayments before you act; otherwise, you could incur early repayment costs.