Personal Loans

Australia's First Choice in Personal Lending

Everyone could use some extra cash from time to time. The good news is we have a multitude of options available. We also take the guess work out of where to start.

We help simplify the process and connect you to the right Australian personal loan lender for you, your situation, and your needs.
Personal loans can be used for almost anything, from home renovation and holidays, to weddings and elective surgery. Whatever your reason for borrowing, Vie Financial can help you find the right personal loan, from the right lender.

How We Choose a Personal Loan Lender in Australia?

In order to choose a personal loan lender, we need to establish what you want to use the loan for.

This is important as some lenders will base your suitability for a loan on what your purpose for the loan is. While some lenders are more flexible about the purpose of the loan, they may charge a higher interest rate for their indiscretion.

Ultimately, the best personal loan lender is one that offers a competitive interest rate, flexibility, low fees, and reasonable loan terms. At Vie Financial we have a list of preferred supplies to cater for specific requirements and circumstances of the borrower.

How Much Can I Borrow?

Before applying for a personal loan, it’s important to determine exactly how much you would like to borrow.

Even more important, however, is calculating whether or not you’ll be able to make the monthly repayments for your desired loan amount.

Nonetheless, since interest rates and terms vary from lender to lender, we help you comparison shop as you may be able to borrow more with a lender that offers a lower interest rate.

Secured Vs Unsecured

A secured loan is a loan with an asset tied to it, such as a home or car loan. The asset protects the lender, because they can repossess it and avoid losing thousands of dollars in the event of a default.

Thanks to this reduced risk, lenders are able to offer lower interest rates for secured personal loans.

Unsecured loans don’t require anything for collateral. Therefore, they usually have lower loan amounts. However, due to their higher risk, they usually come with higher interest rates.

There are benefits and risks associated with both secured and unsecured personal loans in Australia, so the type of loan you choose depends on your situation and purpose for the loan.

What Are the Interest Rates for Personal Loans in Australia?

After determining the type of personal loan that’s best for you, our next step is to compare interest rates and determine whether or not you will be able to afford the repayments.

In Australia, personal loan interest rates can vary considerably, so it’s critical to find a loan with the right terms that won’t cost you an arm and a leg in monthly interest.

The lower the interest rate, the less you will pay on top of the original loan amount.

When looking at your personal loan options, you’ll run across two types of interest rates: Variable and Fixed.

  • With fixed interest rate loans, the interest never changes, so you know exactly how much you will pay each and every month.
  • Variable rate loans, on the other hand, have fluctuating rates dictated by the market. The rates can rise or fall, so you may pay less or more each month.

When you require funding for personal reasons.  Book and appointment with our trusted team at Vie Financial and discover how easy the process can be.