After an online personal loan that rewards you for your good credit history? Meet the Liberty Personal Loan. Fixed rates start at a competitive 6.45% (6.45% comparison rate*), but that’s not all that’s on offer. There are no ongoing, exit or early repayment fees attached to this loan. Plus, borrowers have the flexibility to make extra repayments when they want to. Just keep in mind that the application fee ranges from 0% to 5.5% of the amount you borrow (capped at $950).
If you have a good credit score and want a competitive personal loan product, the Liberty Personal Loan could be the choice for you.
This loan comes with fixed rates starting at a low 6.45% (6.45% comparison rate*), as well as no ongoing service fees or exit charges.
And when it comes to repayments, this loan knows a thing or two about flexibility. Borrowers can choose to make weekly, fortnightly or monthly repayments and also make extra contributions free of charge. And for those that pay down their entire loan before expected, there is no pesky early repayment cost either! Bear in mind though, there is no redraw facility on this loan so once you make an extra repayment, there’s no turning back.
Like the interest rate on this loan, there is no singular application fee for all customers. Instead, depending on your credit rating, this fee ranges from 0% to 5.5% of the amount you are borrowing. The application fee is capped at $950.
This loan may be the right choice for a borrower with good credit, so they can benefit from a low interest rate and application fee. Also remember, it is an unsecured loan so is suited for borrowers that don’t want or aren’t able to put up assets as collateral.
While fixed rates start at a low 7.65% (7.65% comparison rate*) these only benefit those with a good credit score. If you are on the other side of the fence and your credit isn’t healthy, rates go up to 26.99% (26.99% comparison rate*). So it may be wise to compare other risk-based personal loans before signing the dotted line.
| Fixed | |
| 6.45% p.a.to 26.99% p.a. fixed | |
| 6.45% p.a.to 26.99% p.a.based on $30,000 |
| $0.00 | |
| $0.00 | |
| $10.00 | |
| $0.00 | |
| n/a |
| $5,000.00 | |
| $50,000.00 | |
| 3 Years | |
| 7 Years | |
| Unsecured |
| Weekly, Fortnightly, Monthly | |
| Yes | |
| Yes | |
| Interest rate and establishment fee vary according to an individuals credit history. Rates and fees shown are for an Excellent Credit borrower. | |
| none |
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.
Terrible customer service and decision outcome. I submitted an application online with a company that prides themselves to have a decision delivered within 1-2 days, yet 7 days later the only response received is by text message "we are working on it almost there :) ". No other concerns with application and when I asked them more questions they ask for an everyday statement to be uploaded via portal. I've been told that there are no issues with underwriting the loan, but still need a statement. This is is one entire week later yet no one can sign off on a statement that was already provided from a branch on an official letterhead, uploaded as PDF format as everyday passbook account does not come with internet access. Asked to accept under exception by higher authority but no answer provided by customer service. I do not recommend to apply with this company, save yourself the hassle and go where they will approve within the same day.
Read full reviewTerrible customer service and decision outcome. I submitted an application online with a company that prides themselves to have a decision delivered within 1-2 days, yet 7 days later the only response received is by text message "we are working on it almost there :) ". No other concerns with application and when I asked them more questions they ask for an everyday statement to be uploaded via portal. I've been told that there are no issues with underwriting the loan, but still need a statement. This is is one entire week later yet no one can sign off on a statement that was already provided from a branch on an official letterhead, uploaded as PDF format as everyday passbook account does not come with internet access. Asked to accept under exception by higher authority but no answer provided by customer service. I do not recommend to apply with this company, save yourself the hassle and go where they will approve within the same day.
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SocietyOne
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5.95% p.a.to 10.49% p.a.
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NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
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Alex Bank
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5.45% p.a.to 19.99% p.a.
5.45% p.a.to 19.99% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.49% p.a.
6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
5.95% p.a.to 10.49% p.a.
5.95% p.a.to 12.83% p.a.based on $10,000
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Symple Loans
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6.47% p.a.to 29.2% p.a.based on $30,000
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Wisr
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6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
