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Personal loan solutions for free thinkers
Bring your ideas to life with a low interest personal loan.
What do you want to do?
Secured personal loan
A product with a rate and size to fit your plans.
- Borrow up to $80,000
- Loan terms up to 7 years
- Vehicle required as security 1C
- Funds available for personal use
Rates per annum from
(6.95%1A)
Comparison rate
Unsecured personal loan
Get access to funds without an asset as security.
- Borrow up to $80,000
- Loan terms up to 7 years
- Simple online application
- Receive money quickly
Rates per annum from
(7.24%1B)
Comparison rate
Other options:
Flexible car loan
A sharp rate for an even better journey.
- Borrow up to $100,0002
- Loan terms up to 7 years
- New and used cars accepted6
- Balloon payment options3
RATES PER ANNUM FROM
(12.95%1)
Comparison rate
Fresh start car loan
A loan you can shape to fit your needs.
- Borrow up to $50,0002
- Loan terms up to 5 years
- Poor credit history considered
- New or used vehicles accepted6
RATES PER ANNUM FROM
(15.98%1)
Comparison rate
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Get my personalised rate
In just a few easy steps you can discover your personalised interest rate. Checking your interest rate won’t affect your credit score.
Experts in personal loans for free thinkers
Learn more about personal loans and getting closer to your goals.
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Ready to get started? Your local adviser can help.
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Liberty personal loans FAQs
Anyone over 18 years who is a citizen or permanent resident currently living in Australia can apply for a Liberty personal loan. Applicants need to be employed and earn a minimum of $20,000 per year (the majority of your income cannot be from Government benefits) to be eligible.
Personal loans can be used for a variety of purposes, such as consolidating debts, covering medical expenses, financing home improvements, funding vacations, paying for education, or handling unexpected emergencies. The flexibility of personal loans allows borrowers to address their financial needs and get closer to their goals with a fixed repayment plan.
A secured personal loan requires an asset to be provided as collateral in case you’re unable to meet your future loan repayments.
With a car or other asset used as security for the loan, the interest rates tend to be lower as there is less risk to the lender.
Unsecured personal loans do not require you to provide an asset as collateral and the loan amount will be based on your ability to repay. They often suit borrowers with a strong credit history but who don’t own any assets.
If you default on an unsecured loan, the lender lacks an asset they can sell to cover the amount owing. That’s why their interest rates are typically higher.
Find out more by reading our blog on understanding secured vs unsecured personal loans.
If you accept your personal loan offer by 3pm, we’ll send your funds the same day. If you are with a major bank, you should receive the funds in your account on the same day. Otherwise, you’ll likely receive the funds the following day.
When you get a personal loan interest rate estimate we access your credit file in a way that is not visible to other credit providers and does not affect your credit score. However, when you submit a full personal loan application Liberty will then conduct a 'full credit enquiry' which other credit providers can see and which may affect your score.
We understand things don’t always go according to plan and your credit history may be less than ideal. At Liberty, we look at more than just your credit score. Each borrower is unique with their own individual circumstances and we take this into account to find a flexible solution to meet your personal needs. Discover your personalised rate here.
Having bad credit often refers to there being a default listed on your credit report. For example, not paying or making late payments on a utilities bill can lead to an unpaid account listed as a default. This can make you appear riskier to some lenders, making it difficult to be approved for finance. Similarly, applying for multiple loans with different lenders within a short timeframe can reduce the credit score on your report. Liberty’s personal loans can provide the flexibility borrowers may need to review their current financial situation and take a step forward.
Sometimes life throws the unexpected your way and things don't go according to plan – leaving you with a bad credit rating. Every borrower is different, which is why Liberty takes your current individual circumstances into consideration when assessing your application for a personal loan – even with a bad credit history.
If you’re a borrower looking for a personal loan with a low credit score, you should tell your broker. If you let them know, they can help find you a free-thinking lender such as Liberty, that will listen to your full story and consider your application even with a low credit score. If you know you have bad credit and need a personal loan, talk to a Liberty lending expert today to discuss your options. If you are unsure of your credit history, get in contact with a credit reporting agency like Experian for a free copy of your credit report.
Repayment periods for personal loans vary, but they typically range from three to seven years. Shorter loan terms may come with higher monthly payments, but you could save on overall interest. While longer terms can reduce monthly payments, they may result in more interest paid over the life of the loan. Consider your financial situation and choose a term that aligns with your circumstances.
Our innovation and flexible solutions have helped over 850,000 free thinkers.
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We’re highly awarded. But don’t just take our word for it...
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Other types of loans for free thinkers
Things you should know:
1ASecured personal loan interest rates will range from 6.52% p.a. to 19.19% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.95% p.a. to 20.77% p.a. This comparison rate is based on a secured $30,000 loan over a 5-year term with no balloon for a new vehicle. WARNING: The comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
1BUnsecured personal loan interest rates will range from 7.24% p.a. to 19.99% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 7.24% p.a. to 21.49% p.a. This comparison rate is based on an unsecured $30,000 loan over a 5-year term. WARNING: The comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
1This comparison rate is based on a secured $30,000 car loan over a 5-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable. The actual interest rate applicable will depend on our assessment criteria. Higher interest rates apply where second-hand vehicles are used as security for the loan.
2Maximum loan amount for non-business applicants under 23 years of age is $25,000.
3The maximum vehicle age at the end of the loan term is 8 years for any loan with a balloon payment.
6Interest rate loadings apply to older vehicles, resulting in higher interest rates. Call 13 11 33 or speak with your local Liberty Adviser for details.