Explore Affordable Personal Loans
Do you need a low interest loan to consolidate your debt, pay for unexpected medical expenses, pay for a wedding or renovate your kitchen?
Many banks and non-bank lenders in Australia are offering affordable personal loans of up to $100,000 and for low-interest rates and fees. With numerous personal loans available, it can be overwhelming to choose the best one for you.
Team up with Exceed Financial Solutions to find the best personal loans in QLD. Our personal loan brokers will help you every step of the way, choosing the best option.
Choose the Best Personal Loan Provider
The best personal loan provider usually offers the lowest rates. This is why you need to compare loan rates across available options.
You need to choose the loan that is competitive in terms of fees and rates. The sum should also be enough to finance your needs.
Don’t forget to also look at other features of the personal loan such as repayment structure to ensure that the loan will meet all your financial needs.
Personal Loan Broker At Your Service
Getting a low interest personal loan is an important financial decision. Getting help from a professional loan broker is always recommended.
The usual mistake to avoid with any type of loan is signing up a loan agreement that you can’t pay in the long run.
Be sure to review all the loan details and carefully consider your personal circumstances before you apply for a loan.
Personal Loan FAQs
What are the requirements for a personal loan?
While each bank has its own set of requirements for personal loans, the following documents are commonly needed in submitting your application:
- Proof of income (payslips)
- Personal bank statements
- Personal tax returns
- Personal financial statement
- Statements from other loan accounts/credit cards
What kind of credit score do I need for a personal loan?
It’s difficult to specify the credit score needed for a personal loan in QLD because most banks do not publish this information.
But as general guidance, you are in good standing and you have higher chances to be approved for a personal loan if your credit score is at least 622 based on the Equifax benchmark.
If your credit score is lower than this threshold, you may still qualify for a loan but you may need to provide more requirements and have to pay higher interest rates.
What are the types of personal loans?
There are different types of personal loans in Brisbane. You may qualify for any of these loans based on your circumstances such as income, employment status, loan purpose, credit score, and other criteria.
The common types of personal loans in QLD are the following:
- Secured personal loans
- Unsecured personal loans
- Debt consolidation loans
- Line of credit loans
- Bad credit loans
How much can I borrow?
Personal loans vary greatly in loan amounts from $2,000 to $100,000. Most banks will limit the amount according to the loan purpose or your qualifications.
For example, medical emergency expenses or wedding loans have a lower amount threshold, while purchasing a car or home renovation may have higher limits.
We can help you find the best personal loan deals in Brisbane.