Rates and fees verified as correct at 02 December, 2020. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|Secured Car Loan (Fixed)|| |
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
|Go to site|
|Unsecured Personal Loan (Fixed)|| |
7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
|Go to site|
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
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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.