Considerations

• If you're buying a car that's less than 7 years old and are willing to offer it as security, our Car Loan could offer a lower interest rate^[#]
• A $175 prepayment fee applies if you choose a loan term of 3-7 years and repay it within 2 years

Other options

Personal loans can be a good way to secure a lump sum of money for a specific need. However, there are instances where it's worth considering another form of credit:

• You need a payment tool to access funds for everyday purchases on an ongoing basis. In this case, view our Credit Cards.
• If you need ongoing help with short-term cashflow or prefer paying in stages instead of a lump sum upfront, consider our Flexi Loan.
• You're doing home renovations that will cost more than $70,000. In this case look at increasing your home loan, or a construction option.