Interest rate from
6.45% p.a.to 26.99% p.a.
Comparison rate from
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
Upfront fee
$0
Go to site

Mozo editorial review Liberty Personal Loan

Last updated: 4 November 2020.

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What's hot
  • Fixed rates from 6.45% (6.45% comparison rate*)
  • Extra repayments allowed
  • No ongoing, exit or early repayment fees
What's not
  • Application fee up to $950
Mozo snapshot

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). 

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Key features

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.

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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 28 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.45% p.a.to 26.99% p.a. fixed

  • 6.45% p.a.to 26.99% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $0.00

  • $10.00

  • $0.00

  • n/a

Other financial bits
  • $5,000.00

  • $50,000.00

  • 3 Years

  • 7 Years

  • Unsecured

Features
  • 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.

Customer Reviews

How are Liberty personal loans rated by the Mozo community?

Overall
0.0/10
Price
0.0/10
Features
0.0/10
Customer service
0.0/10
Convenience
0.0/10
Trust
0.0/10
Liberty

About Liberty

Mortgage specialist Liberty Financial has an award-winning range of full doc and low doc home loans, and specialises in helping borrowers who have difficulty qualifying for traditional home loans. Liberty Financial's flexible home loan solutions are tailored to your individual circumstances, whether you're self-employed, have fluctuating income or past credit issues.

See Liberty personal loans

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4.67% p.a.

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6.81% p.a.

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NOW Finance

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6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

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6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
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SocietyOne

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6.99% p.a.to 9.49% p.a.

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OurMoneyMarket

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6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

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Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

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5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Wisr

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Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
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5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

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4.89% p.a.to 8.89% p.a.

5.44% p.a.

$0.00

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5.50% p.a.

5.85% p.a.

$0.00

Wisr

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Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00

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4.89% p.a.

5.53% p.a.

$5.00

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New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

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Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00

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5.84% p.a.

$0.00