Interest rate from
5.75% p.a.to 21.99% p.a.
Comparison rate from
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
Upfront fee
$0
Go to site

Mozo editorial review Symple Loans Personal Loan

Last updated: 22 June 2020.

binocular icon
What's hot
  • Interest rates from 5.75% p.a. (6.47% p.a. comparison rate)
  • Borrow up to $50,000
  • No early repayment fee
What's not
  • Loan application fee ranges between 0% 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 icon
Key features

Simple really is the word with the Symple Loans unsecured personal loan, with interest rates from 5.75% p.a. (6.47% 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 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 include the $10 monthly service fee.

While all customers with the lowest rate of 5.75% p.a. (6.47% p.a. comparison rate*) won't be charged any loan application fees, you will need to factor in an upfront fee ranging from 0% to 5% of the loan amount if the rate you've received is higher. For example, for 1% of a $30,000 loan, you may pay a $300 application fee. This could get steep if you're borrowing a larger amount.

snapshot
Who is it good for

Anyone looking for an affordable personal loan with personalised interest rates and loan terms of 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


snapshot
Any catches

This loan may come with an application fee if you receive a higher rate than 5.75% p.a. (6.47% p.a. comparison rate*), plus a monthly fee to consider, so make sure you plan for that in your budget.

Details

Rates and fees information correct as at 27 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
  • Variable

  • 5.75% p.a.variable

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

Fees
  • $0.00

  • $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 0% and 5% for loans with interest rates above 5.75% p.a.

  • 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 Symple Loans personal loans rated by the Mozo community?

Overall
9.0/10
Price
9.0/10
Features
9.0/10
Customer service
-
Convenience
10.0/10
Trust
10.0/10

Latest review of Symple Loans Personal Loan

  • Overall 9/10
    Easy to apply.

    This was a fully online product that I found through a google search. I was very impressed at the ease of use of both finding information on their personal loans and how easy it was to apply. I got a response very quickly and had to send though additional paperwork which was also very easy.

    Read full review

    This was a fully online product that I found through a google search. I was very impressed at the ease of use of both finding information on their personal loans and how easy it was to apply. I got a response very quickly and had to send though additional paperwork which was also very easy.

    Price
    9/10
    Features
    9/10
    Customer service
    -1/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Samantha, South Australia reviewed 9 months ago
NOW Finance

NOW Finance

Unsecured Personal Loan

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

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

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

Alex

Alex

Personal Loan

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

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

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

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Wisr

Wisr

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
over 5 years

Liberty

Liberty

Personal Loan

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

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

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

Plenti

Plenti

New Car Loan (Fixed)

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

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

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

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

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

Alex

Alex

Personal Loan

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

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

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

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

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

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

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

Symple Loans

Symple Loans

Personal Loan

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

Wisr

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
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

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

5.44% p.a.

$0.00

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.

$0.00

Wisr

Wisr

Secured Car Loan

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

5.46% p.a.

$0.00

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.

$5.00

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00

Plenti

Plenti

Used Car Loan (Fixed)

5.29% p.a.to 9.99% p.a.

5.84% p.a.

$0.00