Personal Loans

It depends on the purpose and on what you are willing to offer as security. A secured loan generally prices better and can allow a longer term, but it puts an asset at risk. An unsecured loan is simpler and faster, at a higher rate. We compare both against your situation.

It varies by lender and by how complete the application is. Straightforward applications with full documentation can move quickly; anything requiring additional verification takes longer. We tell you what the realistic timeframe is before you apply.

It depends what is on the file and how recent it is. Some lenders will consider applicants with past defaults where the current position is stable. If a personal loan is not realistic right now we will say so, rather than lodging an application that adds an enquiry and damages the file further.

Common purposes include vehicles, home improvements, medical or education costs, travel, and consolidating other debts. Some purposes are excluded by particular lenders, so we confirm yours is eligible before lodging anything.

An initial discussion and document review do not. A formal application involves a credit enquiry, which is recorded on your file — we explain that before proceeding, and we avoid lodging with lenders whose policy your situation does not fit.

Usually yes, though some fixed-rate loans carry an early repayment cost. We check the exit terms before you commit, because a loan you intend to clear early should be chosen on different criteria to one you will run to full term.