For the larger one-off costs — a car, a dental bill, moving house. A fixed rate, a comparison rate, and repayments you can see before you commit.
You will get a full payment schedule with the total amount of your repayments as well as a description of all other fees before receiving your loan. However here is a simple example When you borrow an amount of $2,500 over 1 years, you will pay: $ 3666.70. Statutory fee: $400. Annual Cost Rate: 47%. Comparison rate: 69.54% pa*
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
A personal loan suits a specific, larger expense you'd rather spread over time — not ongoing living costs or day-to-day spending.
A major repair, replacement tyres, registration or a reliable second-hand upgrade.
A larger dental treatment, specialist gap or an out-of-pocket procedure.
A rental bond, removalists or essential furniture and appliances for a new place.
To apply for a loan,you'll generally need to:
Meeting these criteria doesn't guarantee approval. We assess every application — including your income, expenses and credit history — to check the loan is suitable and affordable for you.
Tell us how much you'd like and share a few details about your income and expenses.
We review your information, including your bank statements, to check the loan is affordable and suitable.
If approved, we send a contract showing your rate, comparison rate, fees, repayments and total. Read it carefully.
Approved and confirmed loans are usually sent within 60 minutes (your bank's processing time still applies).