Personal Loans Brisbane

Compare Brisbane personal loan offers with Savvy and get approved and funded within 24 hours.

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, updated on October 4th, 2023       

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The features of personal loans for Brisbanites

Competitive interest rates

You'll be able to compare offers from a panel of leading Australian lenders, helping you select the lowest available rate for your situation.

Borrowing ranges from $2,000 to $75,000

You’re able to borrow any amount you’re able to comfortably repay, with a minimum sum of just $2,000 reaching all the way up to $75,000 without the need for any loan security.

Repayment terms from one to seven years

On top of this, you have the option to minimise your interest and fee outlay with a short-term loan or maximise the affordability of your monthly repayments with a longer term.

Customisable repayment schedule

You can also decide the frequency at which you make loan contributions, either on a weekly, fortnightly or monthly basis to fit your personal income requirements.

Improve your home

One of the many potential uses for a personal loan is to help pay for home improvements and renovations, as these often come at a substantial upfront cost.

Funds in 24 hours

After submitting your application, you can receive an outcome in just 60 seconds and have your funds transferred directly into your account within 24 hours of applying.

Types of personal loan

Why compare personal loans through Savvy?

How to compare personal loans

Some of the common personal loan questions

Can I pay out my personal loan early?

Yes – we count lenders amongst our panel who don’t charge borrowers for making additional repayments. This is a highly effective way of saving money on your personal loan, as doing so will shorten your loan term and save you on interest and fees as a result. Some lenders may charge fees for doing so, so you should double check that before committing to a loan.

Will I be approved for my personal loan if I’m unemployed living in Brisbane?

There are options available to unemployed people who are looking to take out a smaller personal loan. There are many lenders who will be willing to offer between $300 and $5,000 in personal loan funds to applicants with low income or who receive Centrelink payments. Those on Centrelink can also receive a cash advance on their payments up to $500, which will be taken out of future payments.

Do I need to make a deposit on my personal loan?

No – unlike home loans, personal loans come with no requirement to submit a deposit as part of the application process. You can be approved for financing for up to 100% or more of the cost of whatever you’re looking to use it on. It can be an effective money-saving measure to use some of your savings to supplement your loan (or get a loan to supplement your savings) when spending larger sums of money, as it reduces the interest payable overall.

Should I take out a secured personal loan to buy a car?

You can – however, it’s probably best to take out a car loan for this purpose. These come with substantially lower interest rates than personal loans and don’t place a solid upper limit on your borrowing capacity, with 100% finance available up to what you can afford to repay.

Are self-employed workers eligible for personal loans?

Yes – although self-employed workers aren’t able to supply payslips like other types of employees, they can instead submit the two most recent years’ worth of tax returns. With these documents, you can qualify for a personal loan just like any other applicant.

Helpful personal loan guides

Still looking for the right personal loan?

Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.