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Wisr Unsecured Personal Loan

Advertiser disclosure
Interest rate from
6.49% p.a.to 20.95% p.a.
Comparison rate from
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
Upfront fee
Go to site

Mozo editorial review Wisr Unsecured Personal Loan - last updated: 7 January 2022

4.5 / 5
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What's hot
  • Fixed rates from 6.49% (6.49% comparison rate*)
  • No early repayment fee
  • No ongoing fees
What's not
  • $195 upfront fee on loans ranging from $30,001 to $64,000
Mozo snapshot

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.

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Key features

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.

Who is it 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.

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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.

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Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 18 January 2022. 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.


6.49% p.a.to 20.95% p.a. fixed

6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

5 Years



Weekly, Fortnightly, Monthly




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.

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