Personal and car loans

Do you have a goal or need that requires finance? Whether you want to buy a new car, fund your wedding, do a small renovation or anything in between, a Loan Market adviser can match you with the right loan.

Why work with a Loan Market adviser to get a personal or car loan?

Choosing to work with an adviser for your personal or car loan means you can find the right loan for your situation and goal. A bank or lender will have a limited selection and it may not be quite right for you, or as competitive as it could be. There could also be other options available such as refinancing your home loan, and your adviser can do the calculations on your behalf.

What’s the difference between secured and unsecured loans?

A personal loan is a good way to get the extra funds you need. There are two types of personal loans – secured and unsecured.

Secured loans generally offer lower interest rates than unsecured loans, but you must put up something for collateral, like your house, your car or your boat. If you don’t pay off the loan, you can lose that collateral, so make sure you know all the conditions before you choose a secured loan. Unsecured loans are commonly known as ‘signature’ loans – the lender will approve the funds with just your signature, but you might end up paying higher interest for the privilege.

One of the key questions you need to ask yourself before you take out a personal loan is whether you’ll go secured or unsecured. Even though you could probably get more money and a lower interest rate with a secured loan, you need to weigh up the risk of having an asset as security. Your Loan Market adviser will talk you through the options and, based on your financial situation and needs, recommend competitive loan options for you.

It’s a good idea to talk to your mortgage adviser about the options available to you – there might be more than you think. Your Loan Market adviser can help you:

Find out how much you can borrow
Understand your repayments

Can I get a bad credit personal or car loan?

Each situation is different, so there is no one answer. Your Loan Market adviser can evaluate your situation to determine whether you could still be eligible for a personal or car loan. Alternatively, they can help you devise a plan to improve your credit to a point where you can get an appropriate loan.

Your next step

starts here.

Make it happen

Let us know what your goals are and we will connect you with a Loan Market adviser directly.

You might find this

interesting

Car loan repayment calculator

Calculate how much you car loan repayments could be and the total amount you could pay in interest.

Personal loan repayment calculator

Determine your repayments and the total amount of interest you are likely to pay.

Credit card repayment calculator

This calculator can show you how long it will take to pay off your balance.

Thanks so much Cam Muggeridge and Jordan Lantz for the huge help and support to get us across the line. Cam and Jordan’s experience and knowledge made us feel at ease during what could have been a stressful and challenging time. Thanks team. Highly recommend!

We would highly recommend Dallas and Amelia to anyone looking for great and easy to approach mortgage advisers. We approached Dallas at a time when the interest rates keep rising with banks. They were easy to deal with, we did have few questions as first-time investors and they have explained everything very clearly to us. Love their quick and prompt response to our questions, and got us best interest rate too. We appreciate all of their hard work in getting everything through for us!

We found Ryan Hannagan to be friendly, thorough, and easy to communicate with. He was always very prompt with replying to emails and his quick work helped us put forward a timely offer to secure our dream house. He made sure we had completed each necessary step and checked in frequently. Thanks for guiding us through this mortgage process Ryan!