Wisr Unsecured Personal Loan
Wisr Unsecured Personal Loan
Mozo Review Wisr Unsecured Personal Loan Review
Last updated: 9 October 2019.
What's hot:
Fixed rates from 7.95% (8.78% comparison rate*)
No early repayment fee
No ongoing fees
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 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!
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 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.
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.
Details
Rates and fees information correct as at 29 March 2020. 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.Rates
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Fixed
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7.95% p.a.to 19.45% p.a. fixed
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8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
Fees
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$595.00
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$0.00
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$25.00
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$0.00
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$0.00
Other financial bits
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$5,000.00
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$50,000.00
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3 Years
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5 Years
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Unsecured
Features
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Weekly, Fortnightly, Monthly
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yes
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no
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none
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none
Customer Reviews
How are Wisr personal loans rated by the Mozo community?
Latest review of Wisr Unsecured Personal Loan
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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.
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.
Price0/10Features0/10Customer service0/10Convenience-1/10LessTrust0/10
Promoted
Wisr
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
Promoted
People's Choice Credit Union
Discounted Personal Loan
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
Promoted
Symple Loans
Personal Loan
5.75% p.a.to 19.99% p.a.
6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years
Promoted
RateSetter
Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
Promoted
Latitude
Secured Personal Loan
6.99% p.a.to 18.99% p.a.
8.25% p.a.to 20.16% p.a.based on $30,000
over 5 years
Promoted
ING
Unsecured Personal Loan
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
Promoted
Harmoney
Unsecured Personal Loan
6.99% p.a.to 25.69% p.a.
7.69% p.a.to 26.53% p.a.based on $30,000
over 5 years
Promoted
People's Choice Credit Union
Low Rate Unsecured Personal Loan
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
Promoted
Heritage Bank
Low Rate Secured Personal Loan
4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
$200.00upfront and $5.00/month
Promoted
People's Choice Credit Union
Discounted Personal Loan
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
Promoted
OurMoneyMarket
Car Loan
5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
Promoted
Latitude
Secured Personal Loan
6.99% p.a.to 18.99% p.a.
8.25% p.a.to 20.16% p.a.based on $30,000
over 5 years
$250.00upfront and $13.00/month
Promoted
Wisr
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
$595.00upfront and $0.00/month
Promoted
People's Choice Credit Union
Low Rate Unsecured Personal Loan
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
$250.00upfront and $0.00/month
Promoted
Symple Loans
Personal Loan
5.75% p.a.to 19.99% p.a.
6.89% p.a.to 23.07% p.a.based on $30,000
over 5 years
$300.00upfront and $20.00/month
Promoted
RateSetter
Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
$299.00upfront and $0.00/month
Promoted
OurMoneyMarket
Low Rate Personal Loan
8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
$150.00upfront and $0.00/month
Promoted
Harmoney
Unsecured Personal Loan
6.99% p.a.to 25.69% p.a.
7.69% p.a.to 26.53% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
Promoted
ING
Unsecured Personal Loan
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
$100.00upfront and $0.00/month
Promoted
Latitude
Unsecured Personal Loan
7.99% p.a.to 19.99% p.a.
9.24% p.a.to 21.16% p.a.based on $30,000
over 5 years
$250.00upfront and $13.00/month
Promoted
Symple Loans
Personal Loan
5.75% p.a.to 19.99% p.a.
6.89% p.a.
$20.00
Promoted
RateSetter
Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.
$0.00
Promoted
Latitude
Secured Personal Loan
6.99% p.a.to 18.99% p.a.
8.25% p.a.
$13.00
Promoted
Harmoney
Unsecured Personal Loan
6.99% p.a.to 25.69% p.a.
7.69% p.a.
$0.00
Promoted
Heritage Bank
Low Rate Secured Personal Loan
4.69% p.a.
5.33% p.a.
$5.00
Promoted
RateSetter
Unsecured Personal Loan (Debt Consolidation)
6.79% p.a.
8.83% p.a.
$0.00
Promoted
Harmoney
Unsecured Personal Loan (Debt Consolidation)
6.99% p.a.to 25.69% p.a.
7.69% p.a.
$0.00
