Personal Loans

Our personal Loans are designed to be versatile and quick

Rated 5 from 23 Reviews

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Unlock Your Dreams with Personal Loans

We understand that life's opportunities and challenges often come unannounced. That's why our personal loans are designed to be versatile and quick (some are fully funded in < 24 hours), giving you access to the funds you need when you need them. Whether it's a home renovation project, a dream vacation, or a beautiful wedding, our personal finance solutions can make it happen.

What can you finance with a personal loan?

Personal loans can typically be used to finance a wide range of expenses and purchases, including:

  1. Debt Consolidation: Combine high-interest debts (like credit card balances or multiple loans) into a single, more manageable loan with a lower interest rate.
  2. Home Renovations: Fund home improvement projects such as kitchen remodeling, bathroom upgrades, or home extensions.
  3. Vacations: Cover the cost of your dream vacation, whether it's an international adventure or a relaxing getaway.
  4. Weddings: Finance your wedding expenses, from the venue and catering to the dress and honeymoon.
  5. Education: Pay for tuition fees, books, and other educational expenses for yourself or your family members.
  6. Medical Bills: Cover unexpected medical expenses, elective procedures, or health-related costs not covered by insurance.
  7. Moving Expenses: Finance the costs associated with relocating, including hiring movers or purchasing new furniture.
  8. Vehicle Purchase or repair: Use a personal loan to buy or repair a car, motorcycle, or another vehicle.
  9. Emergency Expenses: Address unexpected financial emergencies like home repairs, appliance replacements, or urgent medical bills.
  10. Small Business Start-up: Some entrepreneurs use personal loans to kickstart their small business ventures.
  11. Legal Fees: Cover legal expenses such as attorney fees or court costs. You can even borrow as part of a home deposit to avoid paying LMI (Lenders Mortgage Insurance)
  12. Large Purchases: Buy high-value items like electronics, appliances, or jewellery.
  13. Special Events: Celebrate milestone events like birthdays, anniversaries, or family reunions.
  14. Dealing with Loss: Handle funeral and memorial costs when a loved one passes away.
  15. Hobbies and Interests: Invest in your passions, whether it's art supplies, musical instruments, or sports equipment.

It's important to note that while personal loans provide flexibility in financing various expenses, borrowers should always exercise responsible financial management to ensure they can comfortably repay the loan according to the agreed terms and interest rates.

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JC

James Curry

Russell @ Total Loans has been fantastic in sharing his knowledge and expertise, backed by great organisation and communication with plenty of financial options and considerations. Appreciate having someone local to the Pilbara of his calibre. Will be rec

MB

Mitch Brealey

Russell from Total Loans has been fantastic to work with. He’s always eager to help, answer any questions I had along the way & makes sure to get the best deal from his suite of lenders. Cannot recommend him highly enough, if you’re looking for a broker s

Md

Maximiliano de Souza Corrêa

Had the pleasure to use Total Loans services for the purchase of our first home. Russell and the team were amazing. Presented many options of lenders and government schemes available so we could make an informed decision. Good communication throughout the

Frequently Asked Questions

How does Total Loans ensure a professional service?

As a Licensed Finance Brokerage, with our own Australian Credit License Number: 388425. We are required to always operate with a strict code of ethics and act with honesty and integrity, comply with all the laws and regulations relating to the Mortgage Industry and maintain confidentiality in all dealings. Total Loans has membership of several major industry and governing bodies to ensure that staff keep up to date with industry standards and changes. These include: Australian Finance Group, Australia's largest mortgage wholesaler (AFG) 
Mortgage and Finance Association of Australia (MFAA) 
Australian Financial Complaints Authority (AFCA)

How much can I borrow?

Your borrowing capacity can vary with each Lender. All lenders have their individual serviceability calculators to assess how much you can borrow with them. At Total Loans we have access to most lenders calculators and can provide you with information on how much you can borrow with each lender. Some of the factors that lenders consider when assessing how much you can borrow include length of employment, deposit, guarantors, suitable security, previous repayment history, current debts ie personal loans, credit card/store cards.

Why don't I just go directly to my bank?

Mortgage brokers are often able to offer better rates by negotiating with multiple lenders, while banks only present their own offers. We provide a detailed comparison report so that you can compare the features, rates and fees of the products of various lenders, without going to each bank directly, saving you time and money. We also have access to promotions through the broker network, such as discounted, application fees and interest rates.

Can you help me if I have a poor credit file?

There are lenders who are willing to consider applicants with defaults or poor credit conduct. However, this greatly depends on the details listed on your credit file and the extent of your credit score. Before recommending a lender, it is advisable we check your credit report.

What does a Mortgage Broker Do?

A mortgage broker serves as a valuable intermediary between you, the borrower and the lenders. We have over 15 years in the finance industry and use our expertise and specialized software to secure competitive rates and facilitate a smooth mortgage settlement. At Total Loans, our mission is to safeguard your interests and expertly manage the entire mortgage process, so it is stress free and easy for you.

Do you charge any fees, or are there any hidden costs?

Not at all. Our service is free and transparent, with no hidden charges. When you receive a loan from us, it is the same as if you went directly to the lender. The lender pays us a commission, but it does not impact your home loan in any way.

Why do you need a Mortgage Broker to help you?

Did you know that over 70% of loans in Australia are submitted through a Mortgage Broker? Navigating the countless mortgage products on the market can be confusing and overwhelming. A Mortgage Broker plays a pivotal role in guiding borrowers through the maze of options, explaining product features, and aiding in selecting the ideal loan for you. Beyond purchase assistance, at Total Loans we provide ongoing support, ensuring you always have access to the best financing options available.

How long does it take to get finance approval?

All Lenders have different turnaround times. The Lender you choose will depend on your situation and the urgency of your loan requirements. We will determine the loan that is right for you during our strategy session.

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