Wisr Personal Loan

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Benefit from a personalised interest rate and loan funds you can use for any purpose.

This personal loan from Wisr gives you a personalised rate and can help you fund a range of purposes. Rates start from a 7.95% p.a. with a comparison rate of 8.78% p.a. The rate is fixed and you can use the funds – you can apply for up to $50,000 – for any worthwhile purpose.

3 things you should know about this loan

  • Personalised interest rate. You will receive an interest rate depending on the credit band you're placed into by Wisr. For example, Diamond bands receive rates of 7.95% p.a. for 3-5 year loans and Bronze bands receive rates from 17.95% p.a. You can get a rate estimate before you apply.
  • Security is sometimes required. Depending on how Wisr determines your credit risk, it may request that you attach security to the loan. The security will be the assets that you're purchasing with the loan.
  • Only monthly repayments are available. It's almost standard for personal loans to come with the choice of weekly, fortnightly or monthly repayments. But Wisr only offers monthly repayments.

From 7.95% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NameWisr Personal Loan
Interest Rate (p.a.)From 7.95% (fixed)
Comparison Rate (p.a.)8.78%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider about Wisr Personal Loan

You can choose between an unsecured or secured personal loan. Although Wisr loans are mostly unsecured, some security might be requested for certain loan purposes. Whether security is needed is based on Wisr's assessment.

Loan terms range from 3 years or 5 years and you can borrow a minimum of $5,000 and a maximum of $50,000. The rates are low and fixed, so you have the certainty of knowing what your repayments will be each month.

Applying for this loan is easy and straightforward. You start by submitting a few details to get an estimate of what interest rate you will receive. Don’t worry, this will not affect your credit score. You can then proceed with the full application which will take about ten minutes to complete. Once your loan has been approved, the funds will be in your nominated bank account within three to five business days.

Features of the Wisr Personal Loan

Some of the features offered through Wisr include:

  • Personalised interest rates. The rate that you receive on your loan will vary depending on your credit score. Wisr’s credit assessment process creates a risk profile for every applicant. If you are a diamond band, for a 3-5 year loan term you will receive a 7.95% p.a. with a comparison rate varying depending on the loan term. A bronze band comes with an interest rate from 17.95% p.a.
  • Security is sometimes needed. If you have poor credit or the Wisr credit assessment deems your application a risk, you will need to provide security over the assets that are being purchased with the loan. For other borrowers, your loan will be unsecured.
  • Available for any worthwhile purpose. Wisr has a variety of purposes to choose from while filling out your application. This can be travelling, debt consolidation or purchasing a new boat.
  • Monthly repayments. Wisr offers monthly repayments that are debited directly from your nominated bank account.
  • No annual fees, exit fees or early repayment fees. There are minimal fees with this loan, as there are no early repayment fees.
  • Early repayment without penalty. You are able to repay the entire loan early without any additional fees.

Costs that apply

  • An establishment fee. While applying for this loan, you will have to pay an establishment fee of $595.
  • Fixed interest rate. With a fixed interest rate, you have the certainty of knowing what your repayments will be each month.

How to apply for the Wisr Personal Loan

If you’re interested in applying for this loan, click on “Go to Site” and ensure you meet the following requirements:

  • Employed and have a gross income of over $30,000.
  • Must be 18 years or older.
  • Must have no defaults in the last five years.
  • Must have had no bankruptcies in the last seven years.
  • Must not be currently in financial hardship.
  • Must be a permanent Australian citizen that currently resides in Australia.

Some of the documentation you’ll be asked to provide are:

  • Your driver’s licence number.
  • Payslips that show your income.
  • Your current assets and liabilities situation.

Wisr offers both secured and unsecured loans to those who meet the criteria. Although you benefit from very low rates, compare other personal loans before making a final decision.

Personal Loan Offers

Important Information*
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Citi Personal Loan Plus

You'll receive a variable rate between 9.99% p.a. and 17.99% p.a. (9.99% p.a. to 17.99% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: No establishment fee and no monthly account service fees apply if you apply and are approved before 31 March 2020.

Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for ING Personal Loan
ING Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

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