Can I get an idea of the interest rate for a risk-based loan before applying for it?

While you won't get a definite rate until you've applied, most lenders will give you a rate estimate without requiring a formal application. Make sure you confirm with the lender that this enquiry will not be noted on your credit file.

What's the difference between a personal loan and credit card?

The main difference is that personal loans provide you a set amount of money to be repaid by a predefined payout date. A credit card, meanwhile, provides revolving credit with a less structured repayment schedule. Credit cards attract higher interest rates than personal loans, even with risk-based pricing.

Will my overseas credit score impact my ability to get a personal loan in Australia?

The answer is no. Your credit score is not recognised worldwide and your overseas score will not be taken into account in your loan application in Australia. But you will have to meet the Australian lender's criteria, including residency and employment requirements. Your Australian credit history will also be taken into account.

Why is my credit score different?

There are several reasons why your credit score can differ between agencies. It all comes down to the scale (0 to 1,000 or 0 to 1,200), the calculations they use and the information they have. Credit providers may not provide this information to all credit reporting agencies. This data may also be provided at different times, accounting for a difference in scores. The differences in scores aren't something you should worry about. It's a feature, not a bug. You could, however, check your credit reports to make sure the information entered is correct.

Personal Loans Archives

How to get a personal loan with average credit

You could still get a personal loan with an average credit score.

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Apprentice loans

If you're thinking about getting an apprentice loan, explore the possibility of government-sponsored loans as well as loans offered by banks. Find out everything you need to know to compare your options.

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A guide to interest rates

Compare your options and know what to look for with the highest or lowest interest rate.

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Furniture Loans

We’ve written about how you can buy new furniture and white goods with a furniture loan.

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Personal Loans for Single Parents

Being a single parent shouldn't stop you from applying for credit. Find out how to maximise your chances of getting a personal loan today.

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Same Day Personal Loans

We’ve written about how you can get a same day personal loan and how to speed up the process.

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StepPay

If you bank with CommBank, you can use StepPay to purchase any item over $100 and pay later.

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St.George Personal Loans

St.George have a range of competitive personal loans on offer. Whether you're after a secured loan or unsecured personal loan, it can offer you a competitive product with flexible features. Learn more about its offerings and you're eligible to apply.

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RACV Personal Loans

Didn't know the RACV offered loans? If you're looking to finance a car or any other personal purchase, read this guide to find out the fees and features of RACV's personal loan offerings, and importantly, whether its products are the right fit for your needs.

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