Personal Loans & Finance
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Anyone can have financial difficulty from time to time, when there is no one else to turn to, personal loans can help. These loans come without restrictions on how you use the money you borrow. You can buy a car, go on a holiday, or use the cash to renovate your home. The sky’s the limit! You can even opt to pay off your other debt with your new money.
When you start your search to find finance, it’s hard to figure out what to look for. Most may not even suit your needs, you can end up applying for a loan with a lender that will not approve your application.
Instead of going from one lender to another, how about we help simplify the process for you? Loans Unlimited makes applying for a personal loan so quick and easy. You just need to supply us with details about yourself, such as your name, phone number, email, and the amount you require.
When used productively, the funds can help you achieve your goals and allow you to gain control over your finances.
Benefits ofPersonal Loans
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.
Another reason why many people turn to a personal loan is freedom. The borrowed funds can be used for anything – even purchasing a car. But you can also use the extra cash to pay for your bills or even go traveling.
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
- Optional: 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 canHelp You Find Finance
Loans Unlimited has provided numerous customers with finance all over Australia. We are proud of our long history of excellent customer service. Our goal is always to put your requirements into consideration. This way, we can help you find the personal loan you need.
We communicate with various lenders and institutions before presenting you with the top options, but it does not mean we will keep you waiting. We recognise that the funding assistance you require should be quick and hassle-free. It is why we strive to provide you with quality results as fast as possible.
Let Loans Unlimited assist you towards a life of financial ease. Contact our experts today to learn how we can help you relieve financial stress through a personal loan.
Personal Loan CalculatorHow Much Do You Need?
Finding the right finance is essential, manageable repayments can be the difference between moving your life forward and a life of stress. Our personal loans calculator can help give you the peace of mind in how much you can afford.
Whether you want a long repayment period, low interest or more, figuring out your personal finance with us is easy!
Repayment is
$278 p/w
$24900 balloon payment
Personal Loan 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.Â
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.
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