Personal Loans

Personal loans in Australia

Get the right lender for your financial needs without all the hassle. Personal loans should be just that, personal. To get the best loan, tailored to your individual needs, our team of finance experts at Oceania Finance review a portfolio of over 30 lenders.

We work hard to get you the best rates and conditions on your loan.

What is a personal loan broker?

Loan brokers are finance experts who act as the middleman between you and a lender. They have specialist knowledge in how to find a loan that is tailored to your individual needs. By assessing your financial needs and situation, a loan broker can compare lenders to find the right fit for you.

Instead of applying directly to a single lender, you have the benefit of a portfolio of lenders. So, no matter your reason for getting a personal loan, they’ll find the best fit for you.

What to expect when getting a loan broker

You’ll be supported from start to finish throughout your loan acquisition journey. As experts in finance, our focus is on getting you the perfect solution to suit your needs. We review multiple options to find the best one for you.

Getting a personal loan becomes a fast, seamless process, so you have more time to focus on the important things.

How can a personal loan broker help me?

There are an overwhelming number of lenders in Australia. Wading through all the options yourself is a time-consuming, and often confusing, process. A loan broker has the expertise to cut through the unsuitable options on your behalf. They know what to look for, what to avoid, and how to negotiate to get the best deal for you.

Not only can one of the expert loan brokers at Oceania Finance save you time, but they know how to find solutions for every credit rating – even if your previous personal loan was rejected.

Benefits of getting a personal loan through a broker

Unlike a bank, a broker works for you. So you know that the loan is going to be a perfect fit for your needs, not someone else’s.

Personal loan brokers can also help:

• Eliminate stress involved in the application process
• Make the loan process seamless from start to finish
• Give one-on-one support
• Negotiate for better terms
• Expedite the loan process
• Maintain and improve your credit score

What can you get a personal loan for?

You can get a personal loan for all sorts of large costs. No matter the reason, we’ll find the right loan for you.

Common types of personal loans include:

• Home renovation loans
• Wedding loans
• Holiday loans
• Medical loans
• Dental loans

Looking for car finance? Browse our vehicle finance options.

What are the types of personal loans?

As your personal loan broker, Oceania Finance will work with you to craft the perfect loan to suit your circumstances. So whether you need a secured or unsecured loan with a fixed or variable rate, we’ll find the loan that works for you.

Secured personal loans

Secured personal loans use an asset as collateral for the loan. This type of personal loan typically offers higher borrowing amounts at lower interest rates.

Unsecured personal loans

Unsecured personal loans do not use any asset as collateral. They usually have higher interest rates than secured loans due to the greater risk involved for the lender.

Personal loan interest rates: fixed vs variable rate

Fixed rate personal loans have the same interest rate for the entire loan term.

Variable rate personal loans, on the other hand, change according to market interest rates. So you could be paying a lower rate and then suddenly find yourself having to pay more, or vice versa.

Some lenders allow you to ‘fix’ the interest rate for a period of time. So you don’t have to commit to the one interest rate for the entire borrowing period. A personal loan broker can negotiate these terms for you when available.