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 loans with your new personal loan.
When you start your search to find a personal loan, it’s hard to figure out what to look for. Most loans may not even suit your needs. You can end up applying for a loan with a lender that will not approve your application. In short, it is a waste of time and effort.
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, personal loans can help you achieve your goals. The funds will allow you to gain control over your finances.
A personal loan is a form of instalment 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, you will get a personal loan that has a fixed repayment period. The 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 over a specific loan, such as a car 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 travelling.
Personal loans often have lower interest rates. If you have another loan with a higher interest, you can pay it off with the new credit. This way, you can reduce the total amount you pay on interest.
How to Find the
Perfect Personal Loan
The first and most crucial step towards the perfect loan 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
- 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.
Loans Unlimited has provided numerous customers with loans 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.
Our industry specialists are well-versed in understanding different cases. We communicate with various lenders and institutions before presenting you with the top options. But it does not mean you will have to wait for a long time. 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.
If you cannot decide which loan or lender to pick, try using our calculator. It will help you determine how much you need to pay every month or week. If you can easily afford the repayments and you like the other terms, it may just be the perfect personal loan for you.
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 Calculator
How Much Do You Need?
Finding the right personal loan 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!
1 year7 years
4% interest P.A15% interest P.A
$24900 balloon payment
Personal Loan FAQs
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.
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.
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.
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.
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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Lowest Rates Start Here
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