Personal Loan

For when big ideas need a little help

​

A personal loan is a sum of money that you borrow from a lender, such as a bank or credit union, over an agreed time period. The loan is paid back in regular weekly, fortnightly or monthly instalments with interest, which may be fixed or variable across the life of the loan.

​

Personal loans are designed to be flexible, providing you with a high degree of choice as to how you use your funds. That being said, you will need to share your loan purpose with your lender when you apply. This loan purpose will be taken into account when considering how suitable a personal loan is to your situation and the maximum amount your lender is willing to offer you.

​