Rates and fees verified as correct at 30 June 2022. Other information correct at the time of writing. Advertiser disclosure.
| Product | Interest rate from | Comparison rate from | Upfront fee | |
|---|---|---|---|---|
| Secured Car Loan (Fixed) |
5.59% p.a.to 13.24% p.a. |
6.42% p.a.to 12.12% p.a.based on $30,000 |
$605 |
|
| Unsecured Personal Loan (Fixed) |
6.95% p.a.to 17.95% p.a. |
7.78% p.a.to 18.37% p.a.based on $30,000 |
$595 |
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It’s a guaranteed rate, meaning there won’t be any interest rate hikes or dips while your loan contract is valid. Paying off a loan on a fixed interest rate may comfort you, as you’ll know repayments will not change unexpectedly.
Of course. Because Wisr's car loans are unsecured, you aren’t limited to a certain car make or model. In fact, you can really buy any vehicle you like with it, plus extras like car accessories and rego.
From $5k to $50k. In the application process, Wisr will generate an interest rate based on your credit history, and only approve a loan amount you can afford to repay.
Every month. If you feel flush with cash while repaying your debt, making extra loan repayments are fee free. Keep in mind, you won’t have access to a redraw facility.
Loan terms range from 3 to 5 years.
Yes. And you won’t be charged a penalty fee for it!
At the time of writing, Wisr car loans have hefty application fees, but there are zero ongoing costs to consider apart from the interest you’re charged against your debt. One more thing - avoid falling behind on repayments - or you’ll pay extra for it.
Just visit their official website, or give them a call. Applications generally have a quick turnaround, and funds can be deposited in your account within 24 hours. Just remember to have the following info ready to go when you apply:
Note: To be eligible for a Wisr car loan, you’ll need to be at least 18 years old, an Australian permanent resident and not have credit problems.