Wisr is an online-only player shaking up the personal loan market, by offering juicy interest rates starting from just 7.95% 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!
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 7.95% 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.
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.
You can only apply for the Wisr Personal Loan if you're employed and earn a gross annual income of at least $30,000.
Fixed
7.95% p.a.to 19.45% p.a. fixed
8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
$595.00
$0.00
$25.00
$0.00
$0.00
$5,000.00
$50,000.00
3 Years
5 Years
Unsecured
Weekly, Fortnightly, Monthly
yes
no
none
none
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.
Read full reviewI 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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8.00% p.a.
8.21% p.a.based on $30,000
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7.50% p.a.to 14.99% p.a.
9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years
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5.75% p.a.to 21.99% p.a.
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Unsecured Personal Loan (Fixed)
9.89% p.a.
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Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
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Unsecured Personal Loan
7.45% p.a.to 16.95% p.a.
9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years
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5.85% p.a.based on $30,000
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3.97% p.a.
4.51% p.a.based on $30,000
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10.14% p.a.based on $30,000
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4.67% p.a.
5.22% p.a.based on $30,000
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8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
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Unsecured Personal Loan (Debt Consolidation)
7.50% p.a.to 14.99% p.a.
9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
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over 5 years
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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
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Unsecured Personal Loan
7.45% p.a.to 16.95% p.a.
9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years
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Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
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Unsecured Personal Loan
7.49% p.a.to 8.89% p.a.
9.50% p.a.to 10.91% p.a.based on $10,000
over 3 years
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Unsecured Personal Loan (Fixed)
9.89% p.a.
10.14% p.a.based on $30,000
over 5 years
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Unsecured Personal Loan (Debt Consolidation)
7.50% p.a.to 14.99% p.a.
9.51% p.a.
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.
$0.00
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Personal Loan
5.75% p.a.to 21.99% p.a.
6.47% p.a.
$10.00
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Unsecured Personal Loan
7.45% p.a.to 16.95% p.a.
9.07% p.a.
$13.00
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Unsecured Personal Loan
7.49% p.a.to 8.89% p.a.
9.50% p.a.
$0.00