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based on 1 reviews as rated by Mozo community

Wisr personal loans

Peer-to-peer lender Wisr, formerly known as DirectMoney, is shaking up the personal loan scene, offering Aussies a low rate alternative to the big banks. It’s an online only provider, so if you’re comfortable borrowing money from the comfort of your lounge room, check out the details of a Wisr personal loan below.

Wisr offers the following personal loans

Rates and fees verified as correct at 25 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee  
Secured Car Loan (Fixed)

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

$195

Go to site
Unsecured Personal Loan (Fixed)

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

$195

Go to site

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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Overview of Wisr personal loans

Unsecured personal loan

If you’re looking to borrow between $5,000 and $50,000 for that new car, boat or kitchen renovation, then a fixed rate, unsecured personal loan from Wisr may be just the ticket. With terms ranging from 3-5 years, this loan doesn’t require you to put up any assets as security. Your repayments must be made monthly, but you do have the option to make extra repayments if you like. Just be careful - there’s no redraw facility to put those extra funds back in your pocket! There’s also a pretty hefty application fee to consider upfront.

Wisr personal loan features at a glance

How to apply

The eligibility criteria for taking out a Wisr personal loan includes you being:

If you tick all those boxes, you’ll then need to supply your personal and financial details - including your contact details, how much you make and your spending commitments (such as other debt repayments or ongoing costs).


How are Wisr personal loans rated?

Mozo users have rated Wisr personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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Wisr personal loans
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1 Reviews

Recent Wisr personal loan reviews

Wisr Unsecured Personal Loan review
Overall 0/10
Avoid at all costs.

I have not dealt with a company more horrible, more self centred or just plain rude in my whole life. I would suggest that you stay as far away from them as you possibly can. They don't care about anything or anyone - just profit and lining the pockets of the people that own them. I have been a victim of financial domestic violence, which involved my ex forcing me to take out a loan for him with these people through a broker. And when I got the IVO and contacted them, they basically bullied me and said they don't care - I have to pay the loan even though I got nothing from it. He took the lot! I am a single mother and I live from pay cheque to pay cheque but they don't care.

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I have not dealt with a company more horrible, more self centred or just plain rude in my whole life. I would suggest that you stay as far away from them as you possibly can. They don't care about anything or anyone - just profit and lining the pockets of the people that own them. I have been a victim of financial domestic violence, which involved my ex forcing me to take out a loan for him with these people through a broker. And when I got the IVO and contacted them, they basically bullied me and said they don't care - I have to pay the loan even though I got nothing from it. He took the lot! I am a single mother and I live from pay cheque to pay cheque but they don't care.

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Jodi, Victoria reviewed 10 months ago

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