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

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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

St. George Unsecured Fixed Interest Rate Loan
St. George Unsecured Fixed Interest Rate Loan

Fixed Rate Loan14.35% p.a.$3000 and $400001 Year5 YearsTerms

Terms

A fixed interest rate for added certainty when budgeting what your repayments will be

Suitable

Suitable

A holiday, household purchase or consolidating debt

Restrictions

Restrictions

The comparison rate on an Unsecured Personal Loan is based on a unsecured loan of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

NoYesSt. George Unsecured Fixed Interest Rate Loan
Whether you're renovating your home, getting married, or buying a new car, St. George have a personal loan to suit you. The St. George Unsecured Fixed Interest Rate Loan is perfect if you want a fixed interest rate for added certainty when budgeting what your repayments will be. DETAIL INFORMATION >>Services

Services

Track and manage your loan repayments using Internet Banking.


Advantages

Advantages

1. Apply online and get a response in 60 seconds^
2. A fixed interest rate for added certainty when budgeting what your repayments will be
3. Apply to borrow between $3,000 and $40,000
4. Track and manage your loan repayments using Internet Banking.


Disadvantages

Disadvantages

1. There is an establishment fee of $195

2. There is a monthly administration fee: $9

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

St. George Variable Interest Rate Loan
St. George Variable Interest Rate Loan

LenderFrom 14.74% p.a.$3,000 and $40,0001 Year7 YearsTerms

Terms

A variable interest rate lets you make extra repayments each month so you could pay off your loan faster (fees apply)

Suitable

Suitable

Choose the repayment option that suits your lifestyle - weekly, fortnightly or monthly repayments.  

Restrictions

Restrictions

If you are self-employed, you will need to provide your most recent Notice of Assessment issued by the Tax Department

NoYesSt. George Variable Interest Rate Loan
Apply online and get a response in 60 seconds to see if you qualify for a St. George Variable Interest Rate Loan. There is a convenient redraw facility available with a variable interest rate loan on request, which gives you access to any extra repayments you've made. DETAIL INFORMATION >>Services

Services

Track and manage your loan repayments using Internet Banking.


Advantages

Advantages

1. Apply online and get a response in 60 seconds^
2. Convenient redraw facility available with a variable interest rate loan on request, which gives you access to any extra repayments you've made (minimum redraw is $500, a $10 fee applies)1
3. Apply to borrow between $3,000 and $40,000
4. Track and manage your loan repayments using Internet Banking.


Disadvantages

Disadvantages

1. Establishment Fee of $195
2. Monthly Administration Fee (for personal loans on which the fee applies) $9 (for unsecured personal loans approved from 28 November 2005)

St. George Unsecured Personal Overdraft
St. George Unsecured Personal Overdraft

Lender17.00% p.a.$500 up to $20,000No set repayment termNo set repayment termTerms

Terms

No need to use your home, car or other assets as security

Suitable

Suitable

Be prepared for all of life's events with a St.George Overdraft

Restrictions

Restrictions

1. You must be 18+ years old
2. You must be an Australian permanent resident

NoYesSt. George Unsecured Personal Overdraft
Manage your cash flow with a St. George Unsecured Personal Overdraft. Receive access to extra funds up to an approved limit through your Complete Freedom or Express Freedom transaction account at any time. Benefit with a cash-flow management tool and only pay interest on what you use. DETAIL INFORMATION >>Services

Services

Convenient personal overdraft —set up and know funds are there if and when you need them


Advantages

Advantages

1. Access to extra funds up to an approved limit through your Complete Freedom or Express Freedom transaction account at any time
2. Cash-flow management tool — apply once and use as needed
3. Only pay interest on what you use.
4. Overdraft credit limits from $500 up to $20,000
5. Variable interest rate of 17.00% p.a.
6. $0 establishment fee
7. $10 monthly account keeping fee
8. Repay as much as you want at any time - no set repayment term and no expiry date
9. Apply online and receive a response in 60 seconds


Disadvantages

Disadvantages

1. Monthly administration fee of $10

2. Other fees and charges may apply, please refer to the Personal Loan Fees and Charges.

St. George Get Set Loan
St. George Get Set Loan

Lender13.75% p.a$5,000 to $50,000No set repayment termNo set repayment termTerms

Terms

Only pay interest on your outstanding balance, not the assigned credit limit

Suitable

Suitable

Ideal for situations like weddings or home improvements where payments need to be made over time.

Restrictions

Restrictions

1. You must be 18+ years old 

2. You must be an Australian permanent resident

NoYesSt. George Get Set Loan
Apply for a St. George Get Set Loan and you will be ready for anything. If you are expecting a baby, planning a wedding or moving house then this could be the perfect loan for you. Receive access to your funds whenever you need without reapplying, up to an approved limit and only pay interest on your outstanding balance, not the assigned credit limit. DETAIL INFORMATION >>Services

Services

Track and manage your Get Set Loan with Internet Banking


Advantages

Advantages

1. Access to your funds whenever you need without reapplying, up to an approved limit
2. Only pay interest on your outstanding balance, not the assigned credit limit
3. 24 hour access to funds via Internet Banking or Phone Banking
4. Great variable interest rate of 13.75% p.a.
5. Re-usable personal loan - draw down whenever you like (up to an approved limit)
6. Make payments above the minimum monthly repayment at any time
7. Ideal for situations like weddings or home improvements where payments need to be made over time
8. Only pay interest on the funds you’ve used
9. No set repayment term and no expiry date
10. Visa debit card and cheque account access2


Disadvantages

Disadvantages

1. You will need to pay an Establishment fee of $150

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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.

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