Yes Loans are based in Perth and offer face-to-face services. You can also apply online and via the phone Australia-wide. The minimum amount for a personal loan is $5,000, while their business loans have a minimum of $5,000. Unsecured personal loans are available up to a maximum of $60,000. Secured loans do not have a maximum. They also offer pre-approval, which is valid for 30 days. Bad credit applicants and overseas visitors can apply, but you can expect the interest rates to be higher.
Types of loans offered by Yes Loans
Unsecured personal loans
Unsecured loans from do not require any collateral. Yes Loans offer unsecured personal loans for almost any purpose from $5,000 to $60,000 to those who meet the eligibility criteria. Whether you're looking to take a holiday or consolidate debt, an unsecured loan could help. Loan terms for unsecured personal loans are 2 to 7 years and loan rates are fixed for the life of the life.
Secured personal loans
Secured personal loans are any loan that is secured by an asset of equal or superior value. If a borrower defaults on a secured loan, their asset can be repossessed to cover the cost of the loan. For this reason, secured loans usually have lower rates than unsecured loans. They can also be an option for people with bad credit, as they pose less risk to the lender. Yes Loans' fixed-rate secured personal loans are available from $4,000+ on loan terms of 1-7 years.
Leisure loans
Leisure loans are loans for equipment or vehicles that you use in your leisure time. These are usually a form of secured personal loan, as they are often secured against a vehicle purchase. Yes Loans offer finance for a range of vehicles including new and used cars, boats, motorbikes and caravans. All leisure loans come with a fixed rate.
Commercial loans
Business Loans from Yes Loans start at $5,000. They come in a range of forms such as truck loans, equipment finance and cash flow finance - and offer different loan options, from chattel mortgages to hire purchasing. They also offer business car loans. Commercial loans also come with a fixed rate. If you're a small business owner looking for finance for your company purchases, Yes Loans may be an option worth considering.
Features and benefits of a personal loan from Yes Loans
Range of loan options. Applicants have a range of personal loans to choose from, so they can select the one that best meets their needs. Car loans, commercial loans and insurance are also available.
Pre-approval available. Yes Loans offer pre-approval on their loan products which is valid for 30 days.
Bad credit applicants can still apply. Applicants with a bad credit history may still be eligible for some of Yes Loans' financial products. People who have been previously bankrupt may even still qualify for certain products.
Visa holders can apply. Visitors from overseas can still apply for a loan with Yes Loans. However, they will only be granted a loan term that is the same length as the remainder of their visa.
How to apply
To apply for a loan from Yes Loans, applicants must:
Be 18 years old or over.
Applicants will have to supply a number of personal details, including their name and address, their employment and income information, as well as their phone number and driver's licence details, in order to apply.
While Yes Loans offer an extensive product portfolio, it is still a good idea to compare options prior to submitting an application, to get the best possible deal for your circumstances.
Bria Horne is a writer for Finder, with a specialist knowledge of personal loans, car loans and business loans. Originally from the UK, Bria has been a professional personal finance writer in Australia for over 2 years. She has an M.A and B.A in Philosophy and Literature from the University of Sussex, and previously worked on the UK’s leading hospitality publication.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
