Personal Loans Perth

Yes – all of our partnered lenders are accessible online, meaning you can find a loan for whatever you need in Albany, Geraldton, Mandurah or even further out in Coolgardie or Laverton. As long as you have access to the internet, you can be sure that you’ll be able to find a personal loan to suit your profile, no matter where you live.

No – once you’re approved for a personal loan, you’re free to make use of the money however you like; you’re not limited to making purchases within WA. The beauty of personal loans is that you aren’t restricted in the way that you can utilise your approved funds: consolidate debts, pay for home improvements, fund your next holiday or just about anything else. Because your loan is unsecured, you won’t need to dedicate the funds towards the purchase of the secured asset.

Yes – self-employed workers are eligible to take out a personal loan in the same way that any other PAYG worker would be. As they can’t provide payslips, you’ll be required to submit the last two years’ worth of tax returns in their place. If you can do this, you’ll be able to proceed with your application as normal and take out a personal loan from a competitive rate. If not, you may need to turn to a low doc personal loan.

The amount you’re ultimately approved for will be dependant on a variety of different factors specific to your profile as a borrower. Your credit score, employment and income stability and any past record repaying personal loans will be considered when lenders determine your interest rate and borrowing power. Above all else, your lender wants to see in your application that you’re comfortably able to service the loan on top of your other expenses.

In most cases, yes – fixed rates are the most common type of interest available when it comes to personal loans, which lock your rate in at the beginning and hold it in place throughout your loan term. One of the key advantages to this is the more accurate budgeting that can take place around your repayments.

However, we also compare lenders who offer variable rates, which leave your interest open to fluctuation across your loan. These rates start from higher base rates initially and can leave you vulnerable to rate rises, but borrowers are well-placed to take advantages of drops in equal measure.

Yes – submitting a joint personal loan application is a great way to maximise your borrowing power and lower your interest rate if you’re looking to take on shared financial responsibility together. This can also be beneficial if one or both of you have had less experience borrowing in the past but are still capable of comfortably taking on and repaying a loan, as this generally draws a steeper rate.