Have you had any unexpected medical bills recently? Or perhaps you have an expensive overseas holiday coming up soon? This is where a personal loan can help you to cover your costs, without incurring any expensive credit card interest payments.
How is a personal loan different?
There are two main areas where a personal loan and a home loan differ – the amount of money being borrowed, and the length of time on the loan. Traditionally, a home loan term ranges from 10-30 years, and has an average loan size of $300,000. A personal loan usually has a 5-year loan term, with amounts ranging from $5,000 to $100,000 (but rarely more than that).
Who provides personal loans?
Most lenders are able to provide a personal loan, however each loan differs thanks to differing credit policies and funding restrictions. This is where we can help. As we deal with lenders on a daily basis, we understand the nuances between each loan and can guide you towards the right product for your situation.
Contact us today for a free, no obligation appointment on 0418 371 055 or fill out our enquiry form.