Liberty personal loans

Liberty's overall rating for personal loans

(as rated by the Mozo community)

0.0 / 10

based on 1 reviews

Liberty has been providing home loans, personal and business loans to thousands of Australians since 1997. If you’re looking for an alternative lender to finance that new car or next holiday, scroll down for the lowdown on Liberty’s two personal loan types.

Liberty offers the following personal loans

Rates and fees verified as correct at 13 July, 2020. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

6.49% p.a.

8.58% p.a.based on $30,000
over 5 years


6.49% p.a.

8.58% p.a.based on $30,000
over 5 years


*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. WARNING: 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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What personal loans do Liberty offer?

Variable rate car loan

If you’re in need of a car upgrade quicksmart, Liberty can approve you for a loan in minutes. There’s a fairly high signup fee to begin with, but zero monthly fees to follow. The Liberty car loan has a variable rate, which means it can change at any point. With this loan you tie your vehicle to it as security and in return score a low, competitive rate. The car price tag can range from $5,000 to $100,000 and be repaid on a loan term of two to seven years (but if you are under 23, the max you can borrow is $35,000). Liberty is fine with you making extra loan repayments, just be mindful there is no redraw facility. If you decide to wipe off your debt early early, you may incur a small discharge fee.

Unsecured personal loan

Dubbed the “Personal Best” loan, this Liberty unsecured loan has similar features to a line of credit because you only pay interest on the money you use. Unlike the Liberty variable car loan it has a low fixed rate. The loan limit you set with Liberty can range from $5,000 to $50,000 on a term between one and seven years. You can opt in for a personal loan debit card for spending on-the-go, which can suit borrowers on holidays or those planning a wedding. Extra repayments are free and you can redraw from them too. There are no fees with Liberty’s personal best loan except for a signup cost.

Liberty personal loan features at a glance

Repayment flexibility: 

Repayment dates can fall on a weekly, fortnightly or monthly basis.

Extra repayments: 

Both Liberty loan types allow you to make extra repayments (but do keep in mind the car loan does not have a redraw facility and charges break fees).

No monthly fees: 

Unlike some personal loans in the market, Liberty does not charge customers monthly fees with its personal loans.

Optional loan insurance: 

For that extra piece of mind (if for some unforeseen circumstances you cannot meet loan repayments) Liberty has a loan protection insurance product.

Liberty customer reviews:

Now you’ve read all about Liberty personal loans, check out this customer reviews section to get the lowdown on what real customers are saying about them.

How do you apply for a Liberty personal loan?

Lucky for you there is no paperwork involved with Liberty personal loan applications. Just fill out the online form and Liberty will let you know whether you’ve been approved within minutes. For questions ring the freecall number listed on its site or click the live chat icon.

To apply for a personal loan with Liberty you will need:

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