Get in touch if you need a personal loan

In addition to home loans and business loans, Connect Loan can also write personal loans. If you’re looking to buy a new or used car, you are looking to take a holiday, consolidate other debt or you simply need finance to meet an unexpected expense or a special occasion, we are here to help.

Car Loans

Whether replacing your current car with a new or used vehicle, Connect Loan can arrange either a secured or an unsecured car loan, depending on your circumstances and the type of vehicle you are looking to buy. It is generally the case that the vehicle will be considered as the security for the loan (the lender will be entitled to repossess if you don’t maintain the payments); however, loans for vehicles older than 6 years will usually be unsecured but the interest rate charged will be higher.

There is a huge array of car loans available in Australia, and it can be a difficult and time consuming process to assess them all. At Connect Loan, we specialise in finding the best car loans possible depending on your circumstances and needs, and can make the process quicker and simpler through being able to access the loan products of the country’s major lenders as well as smaller banks and institutions.

Other Loans

We have extensive knowledge of the Australian personal loans market, and we use our experience and expertise to find the ideal loan product for you, based on your current needs and finances, while our partnerships with leading lenders means that we can secure more favourable interest rates and terms than individual consumers are generally able to find.<br><br>
You can use a personal loans for a variety of purposes, such as a holiday, renovations to your home, or to consolidate other debts. A personal loan will generally be unsecured (although we can also write secured personal loans), which will come with a higher rate of interest than other types of loan, although this will still generally be significantly lower than others forms of unsecured borrowing, such as a credit card.

Frequently Asked Questions

Personal loans are versatile and can be used for a variety of purposes including but not limited to debt consolidation, home improvement, medical expenses, wedding expenses, travel, or even for purchasing a car. However, it’s important to note that lenders may have restrictions on what you can use a personal loan for.

The amount you can borrow through a personal loan varies by lender, your credit score, and your income. Typically, personal loans can range from $1,000 to $50,000, but some lenders may offer loans up to $100,000 to borrowers with excellent credit.

The interest rate on a personal loan can vary widely based on your creditworthiness and the lender.

Eligibility for a personal loan is typically based on your credit score, income, employment status, and debt-to-income ratio and visa status. Lenders use these factors to assess your ability to repay the loan.

Yes, it is possible to get a personal loan with bad credit, but it may be more difficult and you’re likely to face higher interest rates. Some lenders specialise in loans for people with bad credit.

The repayment term for personal loans typically ranges from 12 to 60 months, but it can vary based on the lender and the amount borrowed.

The approval process for a personal loan can vary by lender. Some online lenders may approve a loan within minutes, while traditional banks may take a few days to a week.

Yes, lenders typically require proof of income (like pay stubs or tax returns), proof of employment, and identification. Some may also require proof of address and evidence of visa status.

Yes, one common use of a personal loan is to consolidate high-interest debts, such as credit card debts, into a single, lower-interest payment.

A secured personal loan requires collateral, such as a car or home, which the lender can seize if you fail to repay the loan. An unsecured personal loan doesn’t require collateral, but lenders typically require a higher credit score for approval.

A credit score is used to represent the creditworthiness of a person. It is used by lenders to partly determine who qualifies for a personal loan, at what interest rate, and what credit limits. Factors that may impact your credit score include the number of enquiries, adverse credit listings, and personal information held on your credit file.

You can use your personal loan for almost all purposes. This could be anything from a holiday, home improvements, household furnishings, car purchase or car repairs, auto upgrades, debt consolidation, educational expenses, medical and cosmetic surgery, dental surgery, mortgage cost funding, vehicle deposit funding, and even a wedding or funeral. However, loans for business purposes, mortgage, rent or credit arrears, tax debts, and payment of defaults and judgments are not acceptable

Depending on each financial institution there could be fees such as any establishment, admin or exit fees. It is best to check all these information before applying for any type of loans to minimise your credit enquires.

If you fall behind on your payments, then enforcement or recovery costs incurred may be passed on to you.

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