Personal Loans

On Which Way to Pay you can discover a variety of personal loans to suit you, no matter what your circumstances. Personal loans can provide you with credit which is granted for your own personal use. Most of the personal loans compared for you below are unsecured loans which means that you do not have to provide an asset as collateral for the security of the loan. This can be good as you do not risk losing an asset such as your home when you borrow money. However, it is important that you pay back money you borrow on time or you will destroy your credit rating and potentially face legal charges. Before you borrow money please make sure that you read the terms and conditions of the loan you are interested in carefully to ensure that you understand your financial obligations.
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How to keep personal loan costs down
If you are interested in making a large, one-time purchase with the option of a fixed or variable interest rate, a personal loan might be the right option for you. The maximum you can borrow will depend on your credit score and other factors. Loan repayment options will vary. Choose from weekly, bi-weekly, semi-monthly and monthly payments. Your payments will be a combination of principal and interest. Secured or unsecured: Secured loans are backed by your collateral either by property or investments, resulting in a higher borrowing amount and lower interest rate, whereas with unsecured loans they typically have a faster approval process.
What do you want from your personal loan?
If you are considering a personal loan then it is really worth comparing as many different lenders as possible. The interest rates on personal loans vary and it is worth shopping around to find the best deal. In many cases that the more money you borrow the less interest the lender will charge. However, it can often be the case that the more money you borrow the longer period of time you will remain in debt and you are likely to overextend yourself. It is also worth checking your credit rating before applying for a personal loan. If you plan to apply for a market leading personal loan, it’s crucial that you check your credit rating first. Lenders are only required to offer their advertised 'typical' APRs to two-thirds of applicants. Therefore, if your credit rating is not in good shape, you may be offered a more expensive deal than the low rate loan you originally applied for.
Personal loan information
If you are certain that a personal loan is what you are looking for then make sure that you consider your options carefully. If you have a good credit rating you may find that a credit card or authorised overdraft actually works out cheaper than the personal loans on offer. Work out exactly how much you need to borrow and then work out what your loan repayments are going to be. Can you really afford a personal loan. If the answer is yes then shop around to find the cheapest loans on the market. It is essential that you read the terms and conditions of any loan which you are interested in carefully in order to ensure that there are no hidden fees or charges. Finally make sure that your loan repayments are made on time as a lot of companies out there will charge extra costs for late payments.
Personal loans can vary
Secured loans are cheaper than unsecured loans but you run the risk of losing your home if you don't keep up repayments. Secured loans are only offered to homeowners with equity in their property and mean the lender effectively takes a charge on your property. So don't sign-up unless you’re 100 per cent sure that you will be able to meet your repayments – this type of loan is basically less risky for lenders but more risky for borrowers.
Personal Loans - Latest News 

Get a quote now from the top service of Small Loans Australia
04 December 2013
Which Way To Pay
Small Loans Australia is one of the country’s best online Personal Loans service

Bank SA personal loans – get money fast for up to 7 years!
31 October 2013
Which Way To Pay
No matter if you would like to improve your home, fulfill a wish or deal with existing debts – Bank SA’s personal loans don't need a security and therefore your money can be transferred very quickly

Westpac is the main provider for payday loan lender Cash Converter
29 October 2013
Which Way To Pay
It has been reported that Westpac is the main provider for most of the capital that allows Australia’s biggest payday loan lender to charge high interest rates

Personal loan commitments fell 2.7% in June
19 August 2013
Which Way To Pay
Official figures have shown that personal loans have fallen by 2.7% since June 2013 whilst total commercial loans in June rose 11.5%.

Got Bad Credit but Need a Loan? Look No Further!
14 November 2011
Which Way to Pay
you have a less than perfect credit history, then you know how difficult it can make life. If you are in need of a loan, then a bad credit rating can make it almost impossible to get the cash you need, and often makes borrowing more expensive.