Wisr Unsecured Personal Loan

8.50% p.a.to 19.95% p.a.

9.36% p.a.to 20.91% p.a.based on $30,000
over 5 years


Wisr Unsecured Personal Loan Review

Rates and fees information correct as at 24 September 2018.

Review published: 6 November 2014

What's hot:

  • Fixed rates from 8.50%

  • No ongoing fees

  • No early repayment fee

What's not:

  • $595 upfront fee

Mozo snapshot:

Wisr is an online-only player shaking up the personal loan market, by offering juicy interest rates starting from just 8.50% and no ongoing fees. The peer to peer lender has a speedy application and approval process with access to funds on the same day for some borrowers - making purchasing your new wheels or starting your next renovation a breeze!

Key features:

Wisr offers a fast online application process for loans from $5,000-$50,000 over a 3 or 5 year period and the unsecured interest rate means you don't have to worry about securing the loan with property or assets.

Keep in mind, like many peer to peer and online lenders in Australia, Wisr uses a risk-based pricing strategy, which means they offer different rates depending on your credit history. So if you have an A-grade credit rating you'll be eligible to receive the 8.50% but if you're in the D-grade category you could face a rate as high as 19.95%.

While the Wisr Personal Loan has no ongoing fees or early repayment fee, you'll have to pay a $595 upfront fee and if you're late on your monthly repayments you'll be slapped with a $25 late fee.

Who it's good for:

If you're looking to fund your next reno or pay for your overseas escape in a hurry, the Wisr Personal Loan could be your borrowing match.

Any catches?

You can only apply for the Wisr Personal Loan if you're employed and earn a gross annual income of at least $30,000.

The Mozo community has not yet rated Wisr for this personal loan.


  • Fixed

  • 8.50% p.a.to 19.95% p.a. fixed

  • 9.36% p.a.to 20.91% p.a.based on $30,000
    over 5 years


  • $595.00

  • $0.00

  • $25.00

  • $0.00

  • $0.00

Other financial bits

  • $5,000.00

  • $50,000.00

  • 3 Years

  • 5 Years

  • Unsecured


  • Monthly

  • yes

  • no

  • none

  • 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.

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