Personal Loans Australia

We consider each loan request individually and utilise the latest lending technology to ensure our assessments are fair and transparent so that we can offer you the best unsecured personal loan for your circumstances. 

Our personal loans aren’t just slick, they’re quick too - you can apply online in a matter of minutes and receive a response in less than an hour. Depending on who you bank with, you’ll even have the money in your bank account the very same day. Now that’s fast cash!

What can I use a loan for?

With loans of up to $50,000 and lending periods between 1 and 5 years, Ozzie Loans fast online loans can be used for just about anything. 

If you’re dreaming of a post-lockdown vacation or planning a dream honeymoon within or outside Australia, a travel loan might be just the ticket.

Renovation loans have become increasingly popular for homeowners, landlords and investors, while tenants are utilising our bond loans, student loans and small personal loans for rent assistance and moving house. 

If you’re looking to maximise your money and minimise repayments on multiple lines of credit, using personal loans Australia to refinance your existing liabilities or for debt consolidation is a smart way to get on top of your finances. 

Debt consolidation helps you bring all of your financial liabilities, such as credit cards, together into a single loan. This can be particularly useful if you need to improve your credit score, as you’ll have a simple, fixed rate repayment schedule and avoid paying out excess interest across multiple lines of credit.

Whatever the purpose of your loan application, Ozzie Loans can help make it a reality in just a few minutes. Whether you’re planning a new family member or have been obsessively researching car loans or boat loans,  apply online today and get the cash flow you need with our same day loans. 

Interest Rates and Repayments

Our personal loans Australia offer some of the most competitive personal loan interest rates in the country, starting at just 7.95% p.a. We only offer fixed rate same day cash loans, so your loan interest rate won’t fluctuate in response to economic instability. This means you’ll know exactly how much your monthly repayment and ongoing fees will be for the duration of your loan—something particularly useful for budgeting or if you are looking to refinance.

What’s more, we don’t penalise our customers for making early repayments on their personal loans - in fact, we encourage them! And unlike the big banks, we’re here to help if things go south and you find yourself struggling to make your usual repayments. There might be extra fees and charges over time, but we’ll be upfront with you about all loan costs and work out a suitable monthly repayment plan to help you get back on your feet. 

To get an idea of what repayments on a personal loan Australia might look like, you can use our personal loan calculator to compare different fixed interest rates, loan amounts and lending periods. 

Loan Types 

There are two principal types of personal loans in Australia: unsecured and secured. At Ozzie Loans, we only offer unsecured loans. 

Unsecured online loans are offered solely on the strength of your credit score, savings, income and expenditure, and your general financial habits. 

Unlike secured loans, this means you don’t need any existing assets—such as a house or car—to use as collateral or security for your loan. This makes the instant loans application process much simpler!

How much can I borrow?

Ozzie Loans has the best unsecured fixed rate personal loans in Australia, offering quick loans between $5,000  and $50,000 to approved applicants.

Unlike other money lenders, we believe in transparency and responsible lending; and fully support you throughout the loan application process. 

We utilise the latest lending technology to make our assessments fair and ensure that we don't lend you more than you can comfortably make consistent repayments on. To ensure this, we assess each application for personal loans in Australia individually, taking into account your income and employment status, monthly expenses, any existing liabilities, and your credit score. 

Combined, this information gives us an accurate picture of your current borrowing capacity, including accounting for unexpected events. This will ultimately determine the amount of money you can borrow for your loan and the fixed interest rate and monthly repayment your personal loan is offered. 

How to get a personal loan in Australia

Ozzie Loans have made applying for personal loans in Australia super easy. 

For personal loan eligibility, you’ll need to be at least 18 years of age and an Australian citizen or resident for tax purposes. We’ll verify this using an Australian Government-issued form of IDs, such as a driver’s licence or Medicare card - so make sure you’ve got this handy when you start! 

When you’re ready to apply for one of our easy loans, simply jump onto the Ozzie Loans website and hit ‘Apply Now’. 

First, we’ll ask you about how much money you’d like us to lend you, and over how long. If you haven’t used it already, our personal loan calculator is a great tool to help you budget by comparing repayments on different fixed interest loan rates, amounts and lending periods. Once you’ve confirmed what you’d like to borrow for your loan, you’ll need to tell us about your employment and income, daily expenditure, and any liabilities, savings, and assets.

As part of the assessment process for our instant loans, we’ll review your credit score using the new reporting methodology. It’s important to know that there have been changes to the way your credit score is calculated -  and we think it’s definitely for the better! 

Previously, your credit report only reflected any negative activities, such as where you may have missed a bill or defaulted on a line of credit like a Buy Now Pay Later account, credit card or another loan.  The new, comprehensive method of credit reporting allows us to see your positive credit behaviours too. This means all your regular, on-time repayments are recognised, creating a much clearer, fairer, and more positive borrower profile. 

Once you’ve completed the loan application form, we’ll ask you to sign in to your online bank platform. It’s important to note that we don’t receive access to your bank account - our system simply requests a 90-day transaction statement in PDF read-only format from your bank. After receiving it, we’ll use it to confirm the information you provided around income, existing debt, and other expenses in your application.

And that’s it! Our easy loans really are that easy. Within a matter of minutes, you’ll know whether your loan is approved and receive online access to a copy of your loan contract. 

You’ll find the full details of your fixed rate and loan repayment schedule being offered in those documents. If you're happy with the proposed terms, simply accept the contract. 

Depending on who you bank with and if you’ve applied within business hours, you’ll have the money in your bank account the very same day.  Easy.