Whether you own a home or not, these consumer loans and credit lines can meet your current financing needs.

A personal loan is a quick and easy way to obtain finance. Whether you're in the market for a well-earned break, or you're just looking for a hand to help tie up those loose ends.
 
Some of the purposes for loan include:
 home renovations
 travel
 wedding expenses
 furniture
 education expenses
 lifestyle changes

If you are considering a personal loan to purchase a motor vehicle, a car loan is more suitable.


Things you can do next

   • Find out more about personal loans
   • Know your limits
   • What will your repayments be?

Find out more about personal loans


Do I need to be working to get a loan?
To meet the initial criteria you need to be in full time or permanent part time employment. However, if you are working as a casual, or your main income is generated from social security, you can still apply for the loan.

What if I'm self-employed/sub-contractor?
You need to have been self-employed or a sub-contractor for a minimum of two years.

Will my chances be affected if I have a default?
If you have any large unpaid defaults, or have been bankrupt in the last five years, you can't apply. If you have had one small default in the past, but have since paid it, then you are able to apply for  the loan.
 
What can I borrow the money for?
personal loans provide unsecured finance for almost anything, such as home improvements, holidays, investing in shares, buying a car, wedding, study fees, and so on. Do not provide finance for general bills, such as telephone or rates, legal fees, tax bills and working capital.

I want to consolidate my car loan and two credit cards. Can I do that?
Personal loans be used to consolidate debt from multiple sources including various credit cards or store cards, but  are not able to consolidate accounts that are over their agreed credit limit or are in arrears. Copies of existing statements must be provided for accounts to be consolidated. Where a Personal loan is used to consolidate debt that includes an existing car loan, the car will be used as security for the new loan.

How long can I take the loan for?
The time frames for loans depend on the purpose. For example, going on a holiday, renovating your home, etc.