A personal loan allows you to borrow money over one to seven years.
You can use a personal loan to get the car you want, consolidate your debts or for something else, like a new motorbike, boat or renovation.
We will do the leg work for you to find you the best deal on interest rates, fees and charges.
We will look at your credit report and ask for payslips, bank account statements and copies of other credit contracts or bills so we can verify your ability to meet the loan repayments without financial hardship.
Secured & unsecured loans
Secured loans usually offer lower interest rates than unsecured loans, but you need to put up an asset, like your car or home, as ‘security’ to get the loan. If you don’t repay the loan, the credit provider may (in some circumstances) sell your asset to get its money back without first going to court.
With unsecured loans you don’t have to put up an asset as security, but the interest rate is usually higher. To get an unsecured loan, you must convince the credit provider that you can repay the loan. If you don’t repay the loan, the credit provider may take you to court to get its money back.