Frequently Asked Questions

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frequently asked questions

Online Personal Loan FAQs

A personal loan is a super flexible form of finance. You might apply for a personal loan for a number of different reasons:

  • To receive money directly into your bank account to help you until payday
  • To pay for a purchase
  • To buy / put towards a new car
  • To pay for a holiday
  • To help fund your small business
  • To refinance a home loan
  • To consolidate existing loans
  • For a lower-interest alternative to a credit card
  • To cover medical expenses, home renovations or education costs
  • You’ve been declined a credit card
  • You seek a bad credit personal loan


As you can see, the list is endless. The only thing that each of these listed items have in common is that they all involve providing money to help you towards a goal. Personal loans are full of opportunity, whatever your purpose.

Personal loan interest rates are generally lower than credit card interest rates. However, interest rates depend upon a wide range of factors including:

  • Whether the personal loan is secured or unsecured
  • Your credit score
  • Whether you have any defaults or court judgments against your name
  • How much you would like to borrow
  • The repayment length
  • The up-front payment amount
  • Repayment frequency
  • Income, bank statements & employment type.

Applying for an Online Personal Loan has never been easier! Our online application form takes less than 10 minutes to complete and has no impact on your credit score. You can apply here.

Applying with Online Personal Loans is completely free and you’ll also have absolutely no obligation to continue with your loan application if you later decide to change your mind.

Applying with Online Personal Loans will not affect your credit score. In some cases you may be referred to an external lender in which case your credit score could be affected. However, you would be warned first so your credit score will never be damaged without giving you the chance to pull out first.

Despite the fact that you may have bee told no by banks and other financial institutions, Online Personal Loans Australia provides a wide range of financial solutions including Bad Credit Personal Loans.


If you do have bad credit then we always recommend checking if your credit score can be repaired before applying for a loan. We recommend speaking to Clean Credit before doing anything.

Online Personal Loans provide financial support Australia-wide! No matter where you are located – from Tasmania to Perth, we have you covered.

Loan approval can be a super fast process. So long as you are responsive and all the details that you provide are accurate then you could receive financial support within as little as 48 hours from applying!

Absolutely! We provide Debt Consolidation to tie up all of your debts into one, easy to manage repayment plan. Not only does this simplify your life and put you in control of your debts, it can also save you money.

If you are seeking debt relief, budget planning or debt management then we have a partner company, Just Budget who specialise in the topic of debt.

We don’t personally provide credit repair, however we do recommend Clean Credit for this.


They are one of the longest running credit repair companies and are rated 5* on Trustpilot.


They could remove defaults, credit enquiries and court judgments from your credit file to fix your credit rating.

Juggling multiple debts at once can be really stressful, expensive and confusing.


If you qualify then you could combine these different loans into 1 new repayment plan. Find out all the benefits that you could take advantage of by consolidating your debts here.