Personal Loans

Need to Know

Whatever you’re aiming for, a personal loan could help make it reality. It might be for home improvements, the car you need, a way to consolidate your debts, the holiday you have worked so hard for, or the wedding you have always dreamed of.
There are many different types of personal loans, before you jump right in, take a minute and compare personal loans, find out the difference between fixed interest, variable, secured and unsecured loans. You also want to consider the term of the loan, and the minimum repayments you will be expected to make. Quite often choosing the most appropriate type of loan for your budget will save you money. We can help you figure out which type of personal loan is right for you.
Personal loans are an easy way to consolidate several debts into one. Consolidating your debts with a personal loan can help you save by minimizing the amount of interest you are paying. Consolidating your debt with a single personal loan also makes repayments easier, as you only need to remember one payment date rather than several different ones spread over the month. Many different lenders allow you to choose monthly, weekly or fortnightly repayments as well as direct debit, so you can time your repayment with your paycheck.
Checklist you need to prepare:
-Proof of Income (e.g. three of your most recent payslips or the last two year’s tax returns and tax assessment notices if you are self employed)
-Proof of Employment

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