Unsecured Personal Loans 

Looking to borrow money to pay for a big or unexpected expense?

An unsecured personal loan could be exactly the type of finance you’ve been looking for.

Get a cash injection with an unsecured personal loan.

Get in touch

An unsecured personal loan lets you borrow money without using an asset as security (or collateral).

However, this makes the deal riskier for the lender. So to compensate for this increased risk, lenders typically charge higher rates for unsecured personal loans than they do for secured personal loans.

That said, unsecured personal loans come with lots of benefits too, such as:

  • No risk to your personal property – as the loan isn’t tied to an asset
  • Can be used to fund practically anything you can think of – from weddings, medical bills, school fees and more
  • A simpler and faster application process – when compared to a secured loan

We apply our extensive knowledge to find a solution that is right for you and guide you throughout the loan application process.

How do they work? 

unsecured personal loans often come with stricter eligibility requirements. So it can be trickier to qualify for an unsecured personal loan if you have a poor credit history.

That’s not to say it’s impossible. An expert Finance Broker knows the lenders that specialise in bad credit personal loans. However, you may have to pay a higher interest rate or higher fees for the privilege.

This brings us to a very important point. It’s crucial to figure out whether you’re actually eligible for an unsecured personal loan before you apply. That’s because rejections can damage your credit score, making it harder for you to be approved for credit in the future.

Why you should get help from a finance broker

At financebroker.com, we know the ins and outs of all the lenders’ policies, so we can guide you to the best lender for your situation.

Looking for an unsecured personal loan?

Meet Brendon

A Finance Broker with 20 years experience, Brendon Cowan’s clientele are mostly professional and/or small business owners seeking a relationship based approach to obtaining finance.

 

Call Brendon Book an appointment LEARN MORE

Related news

Lenders offering green loans

Do you want to make your home more sustainable? If so, you might be interested...

Demand outstripping supply

Properties are being removed from the market faster than they’re being added, which is pushing...

Investor activity rising

First home buyers have been drifting out of the market, while investors have been piling...

Property market sets new record

The total value of residential dwellings in Australia has surpassed $8 trillion for the first...

RBA urges banks to keep lending standards high

Reserve Bank governor Philip Lowe has reminded banks they need to continue rigorously assessing home...

Loyal borrowers hit with loyalty tax

Borrowers who stick with the same lender year after year are probably being slugged with...