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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 $4,000, while their business loans have a minimum of $5,000. Unsecured personal loans are available up to a maximum of $50,000. 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 $4,000 to $50,000 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 1 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 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.
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.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
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