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Personal Loans Brisbane
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The features of personal loans for Brisbanites
Competitive interest rates
You'll be able to compare offers from a panel of leading Australian lenders, helping you select the lowest available rate for your situation.
Borrowing ranges from $2,000 to $75,000
You’re able to borrow any amount you’re able to comfortably repay, with a minimum sum of just $2,000 reaching all the way up to $75,000 without the need for any loan security.
Repayment terms from one to seven years
On top of this, you have the option to minimise your interest and fee outlay with a short-term loan or maximise the affordability of your monthly repayments with a longer term.
Customisable repayment schedule
You can also decide the frequency at which you make loan contributions, either on a weekly, fortnightly or monthly basis to fit your personal income requirements.
Improve your home
One of the many potential uses for a personal loan is to help pay for home improvements and renovations, as these often come at a substantial upfront cost.
Funds in 24 hours
After submitting your application, you can receive an outcome in just 60 seconds and have your funds transferred directly into your account within 24 hours of applying.
Types of personal loan
With an unsecured personal loan, you can potentially borrow as much as $75,000 without the need to attach any valuable assets, such as your car, as security. These loans are the most widely available and often the quickest, with same-day approval possible.
Secured personal loans, on the other hand, make use of collateral. This lowers your risk profile in the eyes of a lender, potentially lowering your interest rate and expanding your borrowing power beyond what you may be able to get through an unsecured loan.
Variable interest rates remain open to fluctuation during your term. This means you can benefit from decreasing rates and save on your loan if the market heads in that direction, although you’ll also pay more if rates start rising.
Fixed interest rates are locked at the beginning of your loan and remain constant throughout your repayments. This acts as a valuable protection against interest rate increases, as your loan will be unaffected, but you’ll miss out on potential drops as well.
If you’re paying off multiple debts at the moment, particularly those with high interest (such as credit card debts), consolidating them into one payment can not only make them more convenient to manage but also potentially save you money overall.
Looking to take off on a holiday with your family but want to pay it off at your own speed? Travelling can be expensive, so you can distribute the cost of your next trip over a period you’re more comfortable with by taking out a personal loan to pay for it.
There are so many costs that go into making your dream wedding a reality, from venue hire to catering to dresses and suits and so much more. By taking out a personal loan, you can start planning the big day you want, even if you can’t pay for it upfront.
Home improvements are desirable for a range of homeowners to help keep their living space fresh and interesting, not to mention increase its value. You can get past the financial hit of renovations with a personal loan paid in instalments.
Personal loans aren’t limited to PAYG employees, though. If you’re running your own business, you can still be approved for financing by submitting tax returns and other alternative documents instead of payslips and utilise your funds however you wish.
There’s a variety of expenses which come with being a student, ranging from the cost of your courses, textbooks and computer to your accommodation. Taking out a personal loan can make these costs more manageable by spacing them out.
Some lenders offer green personal loans, which are designed to be used for energy-efficient appliances and products such as solar panel and air conditioning installation in your home. You can qualify for lower interest rates and fees with this loan.
Why compare personal loans through Savvy?
100% free
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Paperless applications
You won't need to worry about sifting through documents and visiting the post office, as they can all be submitted online.
Reputable lending partners
We've partnered with personal loan companies you can trust to ensure your comparison is a high-quality one.
How to compare personal loans
Interest rates
You should always compare interest rates on personal loans, as these will form the basis of the cost of your loan agreement. The higher your rate, the more you’ll pay overall.
As such, it’s important to look for the lowest rate possible in the comparison process. Even a difference of just 1% p.a. can cost (or save) you hundreds.
Fees
There are several fees that may apply to your personal loan, so it’s useful to keep an eye on these when comparing finance offers. The primary costs are ongoing fees (up to $10 per month), an establishment fee (up to $595) and late fees (from $15 to $35).
Crucially, though, some of our partners won’t charge any of these on their loans (aside from late fees).
Loan terms
One of the keys to a successful loan application is selecting a term that enables you to comfortably repay your desired loan sum. Not all lenders will offer the full spectrum of one- to seven-year terms, so you should check each lender to confirm that they can provide you with the option that you’re looking for.
Loan amounts
Similarly, some lenders will set their minimum loan amount at a higher level than others. Many will enforce a minimum of $5,000 loans, while secured loans come at a minimum of $15,000. If you’re looking to borrow a smaller amount, this is another point which you should consider closely in the comparison stage.
Seek help
If it all seems a bit too confusing, don’t fret. Our team of helpful consultants are here to guide you through the process. Together, we can figure out your best options and find the best deal that suits your needs. We answer all your questions and make finding a great deal easy.
Some of the common personal loan questions
Yes – we count lenders amongst our panel who don’t charge borrowers for making additional repayments. This is a highly effective way of saving money on your personal loan, as doing so will shorten your loan term and save you on interest and fees as a result. Some lenders may charge fees for doing so, so you should double check that before committing to a loan.
There are options available to unemployed people who are looking to take out a smaller personal loan. There are many lenders who will be willing to offer between $300 and $5,000 in personal loan funds to applicants with low income or who receive Centrelink payments. Those on Centrelink can also receive a cash advance on their payments up to $500, which will be taken out of future payments.
No – unlike home loans, personal loans come with no requirement to submit a deposit as part of the application process. You can be approved for financing for up to 100% or more of the cost of whatever you’re looking to use it on. It can be an effective money-saving measure to use some of your savings to supplement your loan (or get a loan to supplement your savings) when spending larger sums of money, as it reduces the interest payable overall.
You can – however, it’s probably best to take out a car loan for this purpose. These come with substantially lower interest rates than personal loans and don’t place a solid upper limit on your borrowing capacity, with 100% finance available up to what you can afford to repay.
Yes – although self-employed workers aren’t able to supply payslips like other types of employees, they can instead submit the two most recent years’ worth of tax returns. With these documents, you can qualify for a personal loan just like any other applicant.
Helpful personal loan guides
Still looking for the right personal loan?
Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.