We specialise in personal loans and can find a product that suits you. A broker is so important in this process as there are hundreds of personal loan options on the market from different lenders across Australia.

Savvy Finance can cut through all the noise and find you a personal loan with the interest rate, features and fees that are most suitable.

Some of the common reasons for obtaining a personal loan include buying a car, consolidating debt, renovating your home, paying for unexpected medical expenses, a holiday or a wedding. There really is no restriction to what you use a personal loan for, so long as you’re prepared to pay the borrowed money back with interest.

A broker can help you with a personal loan comparison and ensure it has key features. These would include a competitive interest rate. The lower your interest rate, the smaller your repayments. To get the lowest rate personal loan you’ll generally need to have an excellent credit score.

Another consideration is fees. There are many lenders these days that have no fees, so it is worth shopping around. There are many avoidable fees as well such as late payment fees so if you do get approved for a loan, be sure to set up an automatic or direct debit to meet due dates for your repayments.

If you are successful in securing a personal loan, try and make extra repayments. If you’re in a situation where you have extra cash to put towards your loan, it’s a good idea to do it so that you can get out of debt sooner. This smart habit will also have a positive impact on your credit history which will help if you need to borrow money again in the future.