What Is A Personal Loan?
Whether it's for a holiday, to buy new furniture, pay for a uni course or even get married, a personal loan is a great way to finance whatever is happening in your life. Here at Your Advisor Group on the Gold Coast, we do all the hard work involved in securing personal loans. Unlike
mortgage or
car loans, a personal loan is not designed for a specific purpose, meaning it can be used for any personal expense. The common reasons people apply for a personal loan include:
- Home improvements
- Medical expenses
- Wedding expenses
- Educational costs
- Purchasing a vehicle
- Financing a move
- Emergency expenses
- Travel or vacation costs
- Starting a business
- Covering unforeseen costs
Regardless of why you need a personal loan, our experienced finance brokers will get to know you and your goals to ensure we help you secure the most suitable finance solution.
Personal Loan Types & Features
Secured Loans
The bank or lender takes the asset as collateral incase you can't make repayments. A secured loan typically has lower interest rates because their is less risk for the banks.
Unsecured Loans
The bank or lender will use your credit score to determine if they will approve the loan. You will not have to provide any collateral, however the interest rates are often higher with this type of loan.
Fixed Rate Loans
Throughout the duration of your loan, the interest rate and repayments will stay the same.
Variable Rate Loans
With a variable interest rate loan, your repayments and interest rate will fluctuate with interest rate rises and drops.
The Personal Loan Lending Process
Regardless of why you need a personal loan, our goal is to help you secure the most suitable loan for your unique circumstances. We make securing a personal loan as simple as possible; five steps is all it takes:
You Say Hello
Get in touch with our team and we’ll discuss your financial situation and your goals.
We Do The Research
We’ll explore and compare lenders and put together a shortlist that best suits your needs.
We Get Pre-Approval
We’ll get you pre-approved so you can see just how much you can borrow and what the repayments will be.
We Secure The Finance
Once you’re ready to go, we’ll work with your chosen lender to secure the finance.
You Book That Holiday
Book that holiday, pay for your wedding or fund that uni course - time to make it happen!
Book a free 15-minute discovery call today!
