Symple Loans personal loan

Get personalised interest rates and no early repayment fees. Interest charges and fees apply.

Symple Loans is powered by Latitude Financial Services and is a peer-to-peer lender. It connects borrowers to investors who then fund the loan. This loan offers interest rates personalised to your credit history. You can borrow from $5,000 up to $50,000, for terms of up to 7 years. You can use the funds to consolidate debt, for home renovations, holidays, medical expenses or to purchase a vehicle. Costs include interest charges, establishment and monthly fees.

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From 5.75% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameSymple Loans Personal Loan
Interest Rate (p.a.)
From 5.75% (variable)
Comparison Rate (p.a.)6.47%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

How does the Symple Loans personal loan work?

This personal loan from Symple is a variable rate unsecured loan. You don’t have to provide an asset as collateral for the loan. Your interest rate will also fluctuate monthly based on the market rate. The interest rate for this loan is also personalised and depends on your creditworthiness.

What features does Symple Loans personal loan offer?

  • Peer-to-peer lending. Symple acts as a facilitator connecting borrowers to investors who will fund your loan.
  • Unsecured loan. To apply for this loan, you won’t need to provide an asset as security.
  • Variable rate. Your interest repayments are variable and may fluctuate based on changes in the market rate. If the rate goes up, so do your repayments and vice versa. This may make it more difficult to budget for your repayments.
  • Personalised rates. Your interest rate will be personalised according to your creditworthiness. Factors that impact your interest rate include the information in your application and your credit history, which covers your credit score and repayment history. If your creditworthiness is high, you will receive a lower rate. If your creditworthiness is low, your rate will be higher.
  • Quick application and turnaround times. You can complete your application in 7 minutes and receive a response in 60 seconds. You will receive your funding within 24 hours.
  • Earn Qantas Points. You can earn up to 50,000 Qantas Points when you apply for a loan with Symple.
  • Extra repayments allowed. You can make extra repayments without paying a fee.
  • No early repayment fees. You can also repay your loan early without incurring a penalty.

How much does the Symple Loans personal loan cost?

The costs associated with this loan include the following:

  • Loan principal
  • Variable and personalised interest rates ranging from 5.75% p.a. to 25.99% p.a.
  • Loan administration fee of $10 per month.
  • Loan establishment fee from 0% to 5% of the loan amount.

What are the pros and cons of the Symple Loans personal loan?


  • No extra repayment or early repayment fees. You can make extra repayments and repay your loan early without charge.
  • Lower interest for creditworthy borrowers. If you have good credit history, you can get a lower interest rate and keep down the cost of your loan.


  • Difficult to budget. It can be more difficult to budget for repayments with variable rate loans as your interest repayments vary on a monthly basis.
  • Higher interest for borrowers with lower credit scores. With personalised interest rates, your interest rate will depend on a number of risk factors such as your credit history. While some borrowers receive lower rates, others may receive a higher rate and pay more for the same loan.

Am I eligible for this loan?

To be eligible for this loan, you must:

  • Be over the age of 18.
  • Be an Australian citizen or permanent resident.
  • Be employed and earning over $25,000 a year.
  • Have no record of prior bankruptcy.

How do I apply for this loan?

You can apply for the loan after you check your interest rate. This can be done through the Symple Loans website. The application will take 7 minutes and you will receive a response in 60 seconds.

You will need to provide your driver’s license and personal details. Keep your documents at hand to speed up the process. It will take around 24 hours from approval to receive your funding.

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