Loan Companies

At Ozzie Loans, we believe in easy finance. We understand that if you’re in need of fast cash and urgent loans, you want access to your cash today. 

That’s why our cash loans application process is 100% online—no paperwork, no phone calls, no fuss. You can apply for our online personal loans in less than 5 minutes and receive your approval in about the same. Depending on who you bank with, you could even have the money in your bank account within an hour of making your application. 

We offer unsecured personal loans between $5,000 to $50,000. Because we only offer fixed interest rates on our loans, our customers know exactly what their monthly repayments will be for the duration of their loan. 

But one of the biggest things which set Ozzie Loans apart from the average bank or loan finance company is our flexible loans: we don’t charge our customers exit fees for making early repayments on their fixed rate loans—in fact, we encourage it. 

It’s part of our commitment to empowering our personal loans customers through responsible money lending and making finance accessible through flexible loan terms and conditions.

How do loan companies work?

Loan companies offer personal finance to individuals and businesses. However, unlike a bank, they don’t hold any money from their customers. Their business operates solely as a lender. 

Every finance lender is different in terms of what criteria they have for customers to qualify to borrow from them; and what credit products they offer. 

SomeLoan companies offer credit products with both fixed and variable rates and engage in both secured and unsecured finance lending. 

At Ozzie Loans, we only offer unsecured, fixed rate online personal loans. That’s because we’re focused on making finance flexible and easily accessible for our customers. By negating the need for the formal verification of assets like a car or property, we’re able to streamline the application process and keep it 100% online. Offering unsecured loans also means our credit products are available to customers who don’t have assets to use as collateral, such as those with a low income. 

Ozzie Loans is one of Australia’s leading loan companies.  We’re a small, fully accredited loan finance company (you can view our Australian Credit Licence online!) that services all of Australia with our online personal loans and virtual credit card products. 

To take advantage of our fully mobile, same day money lending services, visit us online and hit ‘Apply Now’.

How do loan companies calculate the loan amount?

Unlike other loan companies, Ozzie Loans are committed to responsible money lending. 

We consider each request for our flexible loans individually and utilise the latest lending technology to ensure that our assessments are equitable and transparent and that customers are offered the most suitable online personal loans and interest rates for their current circumstances. We want to make sure nobody experiences financial duress by borrowing more than they can comfortably afford to pay back over their unsecured personal loan term.

When you apply for our credit products, we take into account any current liabilities and existing debt such as other loans or a credit card, your daily expenses and budget, and your income and employment history. This information, combined with your credit history, is how we determine how much you can borrow and at what interest rate. 

Understanding your credit score and how it can impact your borrowing capacity is one of the most important parts of personal finance. In short, the better your credit score, the lower the interest rates and more money will be available to you when you apply for other lines of credit, whether it be a loan or a credit card. 

Our personal loan interest rates start at just 7.95%—some of the lowest in Australia. But our maximum rates are still extremely competitive with those of the big banks and other loan companies, so you can feel confident that even if your credit score has taken some hits and you’re not offered our lowest interest rate, you’re getting the best rate for your current circumstances.

There have also been changes to the way credit is reported recently, which benefit those with poor credit. Your credit report now also reflects positive credit behaviours, so all your consistent, on-time repayments count. This gives a much clearer personal finance profile and allows us to assess your current circumstances - not just a rough time you had a few years ago. It also means that repairing your credit is much quicker and easier than it used to be. 

To find out at what interest rate you can borrow from Ozzie Loans, visit us online today.