Looking for a new car?
Looking to purchase a piece of equipment for your business?
Do you need a Personal Loan?
You have come to the right place!
Whether you need some cash for a new car, home improvement, world holiday – whatever your needs are, Mortgage & Finance Solutions can help you see your dreams and needs come true.
There are a range of options to choose from to suit your needs.
Things to consider for a personal loan:
- How much can you afford to pay and how often?
- Ensure the amount you want to borrow doesn’t compromise your lifestyle
- Will you get a secured or unsecured loan
- Should you go for a fixed (fixed repayments to protect you from interest rate rises – also means you lose out on interest rate drops) or variable interest rate unsecured loan (you have more flexibility and can make extra payments and your interest rate moves with the market)
A secured loan means that the loan itself is secured by an item – eg if you are buying a car, the loan may be secured by the car itself. Generally a secured loan has a slightly lower interest rate as there is less risk to the lender. This does mean that if you default on your repayments for a period, you may have to give up the car to cover the debt you are no longer able to pay.
An unsecured loan means that there is no security taken by the lender on your loan, this may mean a higher rate of interest. If you default on this loan you can impact your credit rating and or face penalties.
You can also discuss with us Commercial hire purchase loans and salary packaging opportunities.
You can borrow from $5000 to $50,000 on a personal loan and pay it over from 1 to 7 years. The quicker you pay it off, the lower your interest will be on the term of the loan. Generally these loans can be applied for quite easily and you can get your money fairly quickly.
Talk to us today on 1300 857 762 about your options, what is right for you and get moving towards your future.