A low interest personal loan?
We all want to pay less for things in life. Finding the right loan is no different and locating the best available low interest personal loans is no easy feat. You can trawl the internet for hours at a time looking over various lender websites, which is frankly not the best use of one’s time. The key thing to identify as a consumer in search of a low interest personal loan, is how much will it cost you overall? Shopping around for the right loan doesn’t need to be an arduous task, as you can always compare the cost of the loan upfront using our calculator.
Another thing to remember – lenders are always competing for business, so therefore the cheapest and more popular loans are normally the ones with the best rates. Other aspects come into consideration such as how flexible the lender might be, for example – can you settle your balance early? How long will the application take and how quickly can you receive your money?
How to find the best loan rates
With our comparison service, you can identify which lenders offer the lowest interest personal loan rates available to you. Some of our lenders offer both fixed and variable interest rates, with loan amounts from $2001 up to $50,000, with the option to pay back over 61 days, to up to 7 years. To decide on which lender meets your criteria, you need to know:
- How much do you want to borrow?
- How long do you want to borrow for?
Which personal lender is right for you?
Firstly, you need to check if you meet their criteria, which will depend on your financial situation. You can see each lender’s minimum criteria by looking at their profile page. For example, if a provider only issues loans to customers with a minimum basic annual salary of $40,000 and you earn less than that, it’s likely you won’t be considered for a personal loan. Therefore, you should contemplate applying with another lender that is within your means. Friendly Finance highlights each lender’s basic criteria to help you make a more informed decision.
A loan is a big commitment, so when you are looking for the best loan deals, as well as the associated fees, there are several other things to reflect on:
- Can you afford the monthly repayments?
- Are your circumstances likely to change soon that could affect your ability to make repayments?
- Will the lender allow you to pay back your loan early if you want to?
- Is there an initiation fee?
- Can you take a payment break or defer your loan payments if you need to?
Why we can assist
Friendly Finance helps guide Australians find the right financial solution. Our online comparison table is an efficient way to compare low interest personal loan products from different alternative providers. We are here to save you time and money. We are your financial helping hand and we strive to make sure your experience as easy and convenient as possible.