Section treatments

Types of personal loans

Option A – cards

• Secured Personal Loan

  Backed by an asset such as a car or term deposit, which lowers the lender’s risk and usually the rate.

  Best for: Borrowers who own a vehicle or asset outright and want the lowest possible rate.

• Unsecured Personal Loan

  Requires no collateral. The lender assesses your creditworthiness (income, credit score, employment, existing debts) and prices the loan on your risk profile.

  Best for: Borrowers without an asset to secure against, or who prefer not to tie an asset to a loan.

• Debt Consolidation Loan

  Used specifically to pay off multiple existing debts, rolling them into one repayment.

  Best for: Borrowers juggling multiple debts who want to simplify repayments and reduce their overall interest rate.

• Fixed Rate vs Variable Rate

  Fixed: rate and repayments stay the same for the term, good for certainty. Variable: rate can move with the market, cheaper if rates drop but riskier if they rise.

  Best for: Most Australians choose fixed for certainty on a defined purpose like a renovation or a vehicle.

Types of personal loans

Option C – accordion

What you can use it for

Option A – icon cards

• Debt Consolidation

  Combine multiple high-interest debts (credit cards, store cards, BNPL) into one personal loan at a lower rate.

• Home Renovation

  A popular alternative to refinancing for smaller projects ($10,000 to $80,000). No property valuation, and approval is typically faster.

• Vehicle Purchase

  For a car that is not eligible for a car loan (older models, private sales, grey imports), or when you want to own it outright from day one.

• Medical and Dental Expenses

  Unexpected medical bills, elective procedures not covered by Medicare, IVF, or orthodontic work, spread over a known schedule.

• Wedding and Events

  Weddings in Australia average about $36,000. A fixed term means you know exactly when the debt is cleared.

• Holiday and Travel

  For planned significant trips, honeymoons and family holidays, with a fixed term so you know when the debt is cleared.

What you can use it for

Option C – two-column points

• Debt Consolidation. Combine multiple high-interest debts (credit cards, store cards, BNPL) into one personal loan at a lower rate.
• Home Renovation. A popular alternative to refinancing for smaller projects ($10,000 to $80,000). No property valuation, and approval is typically faster.
• Vehicle Purchase. For a car that is not eligible for a car loan (older models, private sales, grey imports), or when you want to own it outright from day one.
• Medical and Dental Expenses. Unexpected medical bills, elective procedures not covered by Medicare, IVF, or orthodontic work, spread over a known schedule.
• Wedding and Events. Weddings in Australia average about $36,000. A fixed term means you know exactly when the debt is cleared.
• Holiday and Travel. For planned significant trips, honeymoons and family holidays, with a fixed term so you know when the debt is cleared.

Why Realloans

Option A – numbered steps

1. 1

   Accredited Brokers You Can Trust

   Our brokers are accredited members of the MFAA and the FBAA, the two peak industry bodies. We operate under an Australian Credit Licence and are registered with ASIC.

2. 2

   One Application, 10+ Personal Loan Lenders

   Your bank has one set of criteria. If one lender says no, we have many others, so you are far more likely to find a rate that reflects your profile.

3. 3

   No Impact on Your Credit Score to Start

   Our initial assessment uses a soft credit enquiry, no footprint, no impact. We only lodge a formal application (a hard enquiry) once you proceed.

4. 4

   We Handle the Paperwork

   Forms, document checklists, lender portals and follow-ups. We handle all of it. Your job is to provide the documents; ours is everything else.

Why Realloans

Option C – cards

• Accredited Brokers You Can Trust

  Our brokers are accredited members of the MFAA and the FBAA, the two peak industry bodies. We operate under an Australian Credit Licence and are registered with ASIC.

• One Application, 10+ Personal Loan Lenders

  Your bank has one set of criteria. If one lender says no, we have many others, so you are far more likely to find a rate that reflects your profile.

• No Impact on Your Credit Score to Start

  Our initial assessment uses a soft credit enquiry, no footprint, no impact. We only lodge a formal application (a hard enquiry) once you proceed.

• We Handle the Paperwork

  Forms, document checklists, lender portals and follow-ups. We handle all of it. Your job is to provide the documents; ours is everything else.

• Transparent, No-Surprise Process

  We disclose all fees upfront. If the best-suited lender has a higher rate than your ideal, we tell you why and present alternatives.