Unsecured Loans

Personal unsecured loans allow you to borrow money without having to use a large asset to use as collateral against the loan. Therefore, they provide unsecured money to borrow, unlike Secured loans which require a large personal asset to secure the loan (such as your home or car). Unsecured loans are therefore a more flexible way to borrow money and don't carry the risk that you might lose your home. Unsecured Loans often require a good credit rating to get accepted, so make sure you check the terms and conditions of the loan. For instance, you might need a minimum income and have an excellent borrowing record to get the loan you want. Use the table below to compare the options and offers, you'll find that there is a wide range of unsecured loan providers.

Search Report: Personal Loans  Unsecured Loans  Secured Loans

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

SECURED LOAN

SECURED LOAN

Loans secured with an asset

UNSECURED LOAN

UNSECURED LOAN

Loans which are not secured with an asset

MORE INFO

Bank SA Personal Loan
Bank SA Personal Loan

Lender14,35%$3,000 to $40,0001 year7 yearsTerms

Terms

See website for term and conditions

Suitable

Suitable

All borrowers

Restrictions

Restrictions

Ask on application

NoYesBank SA Personal Loan
No matter what you need money for – apply for Bank SA Personal Loans and you will get an answer within a minute. As no security is required the sum can be in your account very quickly. You have the choice of fixed or variable rates. You can borrow up to $40,000, and if you like you can take 7 years to repay your loan. DETAIL INFORMATION >>Services

Services

Simple calculation and application for Personal Loans


Advantages

Advantages

1.No security required

2.Choice of fixed or variable rates
3.Fast and simple application process.


Disadvantages

Disadvantages

$195 Establishment Fee

Small Loans Australia
Small Loans Australia

BrokervariesAUD$5000Depending on lenderDepending on lendeTerms

Terms

See website

Suitable

Suitable

Short term loans

Restrictions

Restrictions

Ask on application

NoYesSmall Loans Australia
Small Loans Australia helps you to locate short and medium term personal secured and unsecured loan finance, specialising in loans for amounts of up to AUD$5000, without accessing your credit file. All you have to do is to fill in an easy Small Loans Australia Personal Loans Assessment form - and then leave it to the experts to find the best loab for you! DETAIL INFORMATION >>Services

Services

Matching customers with the best loan offers


Advantages

Advantages

1.Poor credit history ok 2.Free loan finder service 3.Simple online application 4.Fast approvals


Disadvantages

Disadvantages

Info about costs not available on website

Westpac Flexi Loan
Westpac Flexi Loan

Lender14.69% p.a.$4,000 and $75,0001 year5 YearsTerms

Terms

Most applicants are required to have a minimum income of $15,000 per annum to be eligible to apply for this loan.

Suitable

Suitable

If you have a minimum income of $15,000

Restrictions

Restrictions

You must be a permanent Australian resident, aged 18 years or over

NoYesWestpac Flexi Loan
The Flexi Loan is a reusable personal loan with a vibrant rate. Whether you want to use it for travels, renovations, a wedding or a new car, you will only need to pay interest on the funds that you have used, not the whole amount of your loan. DETAIL INFORMATION >>Services

Services

Flexible repayment options.


Advantages

Advantages

1. Same day funds for existing customers, if approved.
2. Flexible repayment options.2 3
3. Apply for a credit limit between $4,000 and $75,000.
4. No fees for additional withdrawals, early repayment or early exit.


Disadvantages

Disadvantages

1. $150 establishment fee and $10 monthly service fee applies.

If you wish to speak to someone: Contact Us or Enquiry Line: +61 (0) 2 91912624

Compare Unsecured Loans

Unsecured loans for flexible borrowing

If you don't own a house or a big car, you still can take out an unsecured loan

Are unsecured loans safe?

If anybody has to take a risk with an unsecured loan it is the lender, because you do not have to put up an asset that is used as collateral against the loan. The lender therefore, does not have a guarantee that you will make the repayments. With this in mind borrowing money with a unsecured loan is particularly safe but the interest rates can be considerably higher when compared to a secured loan. .

Are there are risks?

As with any loan it is important to make sure the monthly repayments will really fit into your house household budget. If you are not really sure how you will be able to repay the loan the result could be a debt situation, negative credit rating and even financial hardship.

Who can get an unsecured loan?

Anyone can apply for an unsecured loan, but the lender will carry out a credit check to make sure that you will be able to pay the money back. However, even if your credit history is not completely perfect it doesn't necessarily mean that you will not be approved, but in this case the interest rate may be higher.

How much money can I get?

The exact amount you will be able to borrow depends on your personal financial situation. Usually lenders offer sums between 1000 and 25,000 dollars.

How to find the best unsecured loan

Many banks offer unsecured loans as well as independent lenders. Take your time to look around and compare several offers before you apply. On this page you find a list of reliable companies. Make your choice and apply online!

How to compare unsecured loans?

Firstly, you must decide how much you would like to borrow. Before you start your search for cheap unsecured loans, you must work out exactly how much you really need to borrow. This will ensure that you can compare the individual loans best suited to you and your needs. How much you would like to borrow will impact the type of unsecured loan you will need. When you are searching for a loan, you must ensure that you firstly thinking about how much you are able to repay each month, when you are certain you will be able to make the repayments you can start to compare the loans on the market. If you are in any doubt then you should seek independent financial advice.

Unsecured Loans - Latest News News and Charts

Get a quote now from the top service of Small Loans Australia

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Small Loans Australia is one of the country’s best online Personal Loans service

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The Difference Between Secure And Unsecure Loans

08 December 2010
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A secured loan is a loan in which the borrower pledges an asset as security for the loan. The asset works as collateral to ensure that the debt is paid. If the borrower defaults on the loan then the asset such as a house or car will be used to pay the debt.

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