Whether it's a car, a renovation, debt consolidation or another major cost, we compare personal loan options so you're not just taking the first offer.
Overview
Not every borrowing need is a mortgage. Personal loans can help fund a vehicle, cover a major expense, or consolidate existing debts into a single repayment. Keep in mind that a longer loan term can mean paying more interest overall. Lendwise Group compares personal loan options across our lender panel rather than pointing you to a single product.
We'll talk through what the loan is for, your current commitments, and what repayment structure actually works for your budget, before recommending an option.
It depends on the amount, the term and the interest rate involved. Personal loans generally offer a fixed repayment schedule and can carry a lower rate than a credit card, but the right option depends on your circumstances, which is exactly what we'll work through with you.
In many cases, yes. Consolidating can bring your repayments together and may reduce the total interest paid, though it depends on the rates and terms of your existing debts versus the new loan. Keep in mind that a longer term can mean paying more interest overall, even at a lower rate, and consolidation is most effective if you close or reduce the limits on the accounts you pay off. We'll show you the total cost comparison before you decide.
It can, since lenders consider your existing commitments when assessing borrowing power for a future home loan. If a property purchase is on your horizon, it's worth mentioning that upfront so we can plan accordingly.
Send an enquiry
Share a few details for a complimentary, no-obligation lending consultation. Manish will be in touch, usually within one business day.
Manish Mishra, Director
22+ years in banking and finance, including more than a decade as a senior leader in banking. You'll speak with Manish directly.
Call 0408 987 547