Wisr is an online-only player shaking up the personal loan market, by offering juicy interest rates starting from just 6.49% (6.49% comparison rate*) 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. Plus at the moment Wisr is offering a fee waiver for eligible customers borrowing between $5,000 and $30,000. T&Cs may apply.
Wisr offers a fast online application process for loans from $5,000-$64,000 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 6.49% rate (6.49% comparison rate*) but if you're in the D-grade category you could face a rate as high as 20.95% (20.95% comparison rate*).
While the Wisr Personal Loan has no ongoing or early repayment fees, a $195 establishment fee will be charged on loan amounts of $30,001 to $64,000. You'll be happy to hear though that the establishment fee may be waived for eligible customers, borrowing between $5,000 and $30,000. To be eligible you must sign up via this webpage - other T&Cs may apply.
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 | |
| 6.49% p.a.to 20.95% p.a. fixed | |
| 6.49% p.a.to 20.95% p.a.based on $30,000 |
| $0.00 | |
| $0.00 | |
| $25.00 | |
| $0.00 | |
| $0.00 |
| $5,000.00 | |
| $64,000.00 | |
| 3 Years | |
| 5 Years | |
| Unsecured |
| Weekly, Fortnightly, Monthly | |
| yes | |
| no | |
| none | |
| There is an upfront fee of $595 for loans over $30,001. |
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.
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.
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Alex Bank
Personal Loan
4.99% p.a.to 14.99% p.a.
4.99% p.a.to 14.99% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 9.99% p.a.
5.44% p.a.to 10.56% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
4.74% p.a.to 16.01% p.a.
5.01% p.a.to 16.95% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years
Plenti
Used Car Loan (Fixed)
5.29% p.a.to 9.99% p.a.
5.84% p.a.to 10.56% p.a.based on $30,000
over 5 years
Great Southern Bank
Secured Car Loan (Fixed)
6.79% p.a.
7.16% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Alex Bank
Personal Loan
4.99% p.a.to 14.99% p.a.
4.99% p.a.to 14.99% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
