Symple Loans Personal Loan

5.75% p.a.to 19.99% p.a.

6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years

$300

Symple Loans Personal Loan

5.75% p.a.to 19.99% p.a.

6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years

$300

Mozo Review   Symple Loans Personal Loan Review

Last updated: 25 October 2019.

What's hot:
  • Interest rates from 5.75% p.a. (6.89% p.a. comparison rate)

  • Borrow up to $50,000

  • No early repayment fee

What's not:
  • Loan application fee ranges between 1% and 5% of the loan amount.

Mozo snapshot:

Have a debt you need to pay off? A holiday you want to book? Or do you need to cover an outstanding medical bill? Then with Symple Loans personalised variable rate loans, the ball is in your court. You can borrow up to $50,000 with this loan, with a term of up to 7 years. Plus, you can have the money in your account the next business day.

Key features:

Simple really is the word with the Symple Loans unsecured personal loan, with interest rates from 5.75% p.a. (6.89% p.a. comparison rate) on loans between $5,000 and $50,000 for 1 to 7 year loan terms.

And if awesome features are what you’re looking for in a personal loan, then you’ve come to the right place. Symple Loans personal loan has an online application process, funds that can be transferred in up to 24 hours and also extra repayment options with no fees attached, so you can pay your loan off in no time! However, remember once you’ve made those extra repayments, that’s it, as there is no redraw facility with this loan.

And make sure you keep on top of your repayments, otherwise, you’ll be hit with a nasty $35 late payment fee.

Other fees to keep an eye on with a Symple Loans personal loan is the $10 monthly service fee and also the loan application fee which ranges between 1% and 5% of your loan amount, so for example, for 1% of a $30,000 loan you’ll pay a $300 application fee. This could get steep if you’re borrowing a larger amount.

Who it's good for:

Anyone looking for an affordable personal loan which they can with personalised interest rates and loan terms up to 7 years.

To qualify for a Symple loan you must:

• Be at least 18 yrs old

• Be employed and earning over $25,000 per year

• Be an Australian citizen, or permanent resident

• Have no record of prior bankruptcy


Any catches?

This loan does come with a hefty application fee which could reach beyond $300, plus a monthly fee to consider, so make sure you plan for that in your budget.

Details

Rates and fees information correct as at 8 December 2019. 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
  • Variable

  • 5.75% p.a.variable

  • 6.89% p.a.to 23.07% p.a.based on $30,000
    over 5 years

Fees
  • $300.00

  • $10.00

  • $35.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Monthly

  • yes

  • none

  • Loan application fee ranges between 1% and 5%. Application fee shown is for 1% of a $30,000 loan.

  • none

*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.

Customer Reviews

This product is not currently reviewed.

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