Australia consolidating secured personal loan
Consolidating your debt into one personal loan may result in considerable cost savings - which equals more money in your pocket!One loan, one interest rate, one regular repayment and one set of account keeping fees – it may make a difference to your overall situation.If you need money to fulfill a short term or emergency financial need, personal loans may be the right solution for you.Generally, personal loans offer flexible payment terms and come with a fixed payment schedule, interest rate, and periodic payment amount.Though not exhaustive, here are some additional varieties of personal loans: As the term suggests, a secured personal loan is made in lieu of some collateral that is used as security against the loan amount. Unsecured on the other hand, are not made against an asset and are mostly provided for at the lender’s terms.Things you should know Applications are subject to credit approval. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on this advice.
Loans come in a variety of shapes (types), sizes (loan amounts), and prices (interest rates and other costs).
You will know your rate before you apply by clicking on and completing the short form on the credit check page.
You will receive your rate within one minute and this rate won’t change when you continue and submit your online application. This could be anything from a holiday, home improvements, household furnishings, car purchase or repairs, auto upgrades, debt consolidation, educational expenses, medical and cosmetic surgery, dental surgery, mortgage cost funding, vehicle deposit funding, and even a wedding, funeral or sporting equipment.
This calculator is based on making the minimum repayment amount at a 18% interest rate.
Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around , whichever is greater.