Personal Loans

When You Have A Good Cause In Mind

Do you need funds for your next trip? Planning on getting a surgery? Need additional funds for a birthday or your wedding? A personal loan can help. Get a quote today and let Intellichoice fund your needs.

Personal loans, as the term implies can be used in various ways. Whether it's for an emergency, a long-time dream vacation you would want to go to, or simply a celebration that you would want to make extra special and memorable. A personal loan can help you a long way.


Interested in getting a loan? Fast online quotes available here!

Personal Loans

Applying and getting approved for a personal loan gives you access to money that you do not currently have at a time you need it. Personal loans can be used in a wide range of purposes. Whether it is a medical emergency, a dream vacation, payment for school fees or to fund a gadget purchase, a personal loan can give you the financial bump that you need for any personal purpose you have in mind.

Personal loans are short-term loans. You can borrow a small amount of money, up to less than $100,000 to be repaid for as long as 7 years, depending on your bank of choice or the lending company that handles your application.

Unlike home loans that can go for 15 years, repaying a personal loan is usually within a shorter period, but with interest rates that can be as high or even higher than home loans. The interest rate of your loan is also determined by your credit score. Good or excellent credit ratings have lower interest rates compared to credit histories with missed payments or paid defaults.

Intellichoice Finance can help you in getting a personal loan suited for your needs. Looking at fulfilling a dream vacation? Intellichoice have the right lender for you. Looking to finance a boat purchase or for funding a cosmetic surgery procedure? Intellichoice Loan Specialists can assist you. Just send us a message or leave your questions in our contact page and we’ll find the best finance solutions that suits your needs and budget.

Personal loans are limited to personal consumption and cannot be used to finance a business or purchase assets for a business. If you are looking for financial assistance in these areas, our Intellichoice brokers can find a suited financial lending option for you.

How to Apply for a Personal Loan

Applying for a personal loan requires several financial documents which include:

  • Proof of Identity
  • Proof of Employment
  • Proof of Income
  • Proof of Address
  • Credit Information

Most banks and lenders will access your initial rate prior to application. This is just a way to measure your financial risk as a client and will not affect your credit score. Intellichoice Finance can assist you to identify this. The application can be done online or through our loan specialists. Submit the required documents and wait for approval. Funds are deposited directly to your account after the finalization of the loan approval.


Our team of experts spends the time to find out about you and your circumstances. We will determine the best options for you based on your earnings, any debts you might still have and your current needs and objectives.

Things you will need to think about when applying for a personal loan

1. Credit reports

Confirm your credit rating scoring – your record of credit rating will play a role in the success of your application. If you have had bad credit, some lenders may not want to approve your loan application…

See more.

2. Loan repayment periods

The loan repayment period refers to the time between the first payment on a loan and the agreed date at which the entire loan need to be repaid. A longer repayment period means you pay less per installment, however for longer and with more interest than on loans with a shorter repayment period.

3. Interest rate types

Loans are presented both with fixed or variable interest rates. A fixed interest rate will not change for the duration of the loan repayment period, while a variable interest rate may change over the repayment period. Understanding the type of interest rate can help you decide on the loan that you take up eventually

4. Serviceability

The ability of a borrower to meet loan repayments, based upon the loan amount, the borrower's income, expenses and other commitments. Learn more about serviceability assessments and how they play a role in your application for a personal loan.

5. Penalties for pre-payment or in the case of default
Make sure that you are aware of the fees and charges which might be charged by the lender before taking on a loan, including what penalties can apply. For instance, a pre-payment penalty can happen as an extra charge imposed by some lenders when a borrower pays off their loan early, thus compensating the lender for any lost future income. On the account of defaulting on a secured loan, additional remedies can include repossession.

6. Supporting documentation.

When applying for a loan, you’ll be required to supply certain records to assess your qualification to borrow, and ability to make repayments every month. These documents include proof of your identity, bank statements indicating any savings or liabilities, and proof of income (such as pay slips and tax returns). Getting your paperwork in order before you apply for any loan can help you save time, and might speed up the loan approval process.

Hide this content.

Frequently asked questions

What is a personal loan?

A personal loan sits somewhere close a home loan and a credit card loan. Unlike with a credit card, you have to sign a formal contract to access a personal loan however, the process is easier and faster than taking out a mortgage. Loan sizes usually generally go from several hundred dollars to tens of thousands of dollars, while loan terms for the most part from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

How does a Personal Loan work?

They are fairly simple and straightforward. When you apply and receive the approval for the loan, you will receive the amount of money you requested to borrow in a lump sum. You pay back the money in installments. The time-frame of those payments is determined by the specific terms of your loan. A great rate will save you money when you repay the debt because you will be required to pay less on interest. If you have questions or need more information, don’t be afraid to ask our Loan Specialist.

Why choose us?

We provide a range of flexible personal loans tailored to suit your needs.

How much can I borrow with a personal loan?

It’s unusual for a lender to make a personal loan above $100,000, despite the fact that there is no formal limit. As with all lending products, each lender sets its own policies, while each borrower is assessed on a case-by-case basis.

Can I get a personal loan?

In case you want to borrow money to consolidate credit card debt, move cross-country or even finance an adoption, a personal loan can help cover your expenses without breaking the bank. Most personal loans are unsecured, which means they don’t require collateral such as a house or car.

What are the pros and cons of personal loans?

Personal loans can be used to finance different personal needs such as purchasing a car or cash to cover medical or educational expenses, among others. These are among the most common types of loan availed by people looking for a mortgage.

But just like any other types of loan products, it has its pros and cons that borrowers need to be aware of.


  • Easy application process, quick approval. Some personal loans would take 15 minutes to apply and same day approval.
  • A good way to get cash for various personal expenses. Personal loans can be used to finance personal expenses such as health, education, and even travel expenses, among others.
  • A good way to consolidate various debts. If you have multiple loans at hand, you can use personal loans to consolidate these loans into one for easy repayments.
  • Offers flexibility. These loans can be secured or unsecured. Some lenders would even allow advance repayments and without incurring extra fees such as exit fees and break fees.
  • Easier repayments. Most lenders offer flexible repayment options that could last for up to seven years.


  • Most banks don’t allow the proceeds of a personal loan to pay for the deposit for a home loan.
  • Unlike before, lenders these days prohibit the use of money sourced from personal loans to be used as a deposit for home loans.
  • Higher interest rates than other loan products. Convenience comes with a cost. Most personal loans’ interest rates could reach up to 10% per annum compared to the home loan interest rate that could range from 2.37% to 4%.
  • A quick route to bury oneself in debt. Since personal loans are the easiest way to consolidate loans and relatively easy to apply for, this sometimes led people to be buried in debt and stuck in an unending cycle of debt.
  • Many associated fees. Apart from relatively higher interest rates, most lenders charge different fees against the loaned amount.

Features of personal loans generally vary lender to lender. It is wise to check with individual lenders regarding their loan offerings and associated charges. If you want to get the best deal at reasonable rates, working with a mortgage broker is a good choice.

Mortgage brokers will help you choose which loan product fits your needs and lifestyle. Talk to one of our brokers today!

What are the documents needed to apply for a personal loan?

The documents needed are: (any of the following)

1. Identification Card – driver’s license, passport, proof of age card or company id

2. Supplementary Identification in the form of – birth certificate, utility bills, pension card or health card, citizenship id.

3. Income – self-employed, tax returns from the last two years, annual after-tax salary, last three payslips, lenders may require your bank statement

4. Other financial information that will be required – current rent or mortgage statement, income statements from any of your income-producing assets, estimation of your current expenses

What are the features to look for when choosing a personal loan?

Here’s a list of features you may want to consider, helping make the decision a bit easier.

1. Fixed or variable interest rate
2. Flexible repayments
3. Borrowing
4. Low Fees
5. Redraw facility

The Below is a List of other personal loan types we can offer and Optimise for.

Renovations/Home Improvements

Your home is your castle, so you want to keep it in top condition. Unfortunately, housing upkeep can be pretty costly, and it’s not always possible to make the changes to homes that we may want or need. This is where a home improvement loan can help.You don’t have to sell up and buy a new home to have that new home feeling again either. And there’s only so much a new rug can do. But to renovate…that’s another ball game! It means you can stay exactly where you are while you continue to build on your homely dreams and memories for years to come.

Things to consider:

Flexibility is another important consideration. Would you be able to make free extra repayments? Or does your loan offer a redraw facility? Personal loan terms are generally between one and seven years, and as this is a significant amount of time you want to ensure that the loan can be accommodating to any change in your circumstances. Look out for things such as being able to make additional repayments, the ability to close the loan early or to change the loan terms.

Have you applied for the right amount?

This is an important question, not just because you could borrow too little money yet in addition since you could borrow too much. The principal amount you borrow from the lender will have an effect on your interest and could cost you quite a bit of money if you calculate the loan amount incorrectly. If you borrow too little, it may be hard to get additional finance to complete your home improvements. Make sure to use the comparison rate, to compare loans as this considers expenses and financing cost to help you understand the true cost of a loan.

Can you afford the repayments?

To calculate the cost of your repayments, you not just need to consider the interest rate you will be charged with the loan, yet in addition any ongoing fees or charges. Look at how long you are taking the loan out for, the repayment frequency you have chosen, any monthly or annual fees and the rate you will be charged. This will give you a thought of the true cost of the loan and your repayments.

Fixed versus variable interest rate: in the event, you need to ensure that during the time you are paying back your loan that your repayments stay the same, at that point, a fixed rate deal will be best. Variable interest rates are for the most part lower yet you have the risk that your repayments could go up amid the renovation loan term.

Wedding Loan

Most people hope they’ll only ever get married once, so why inhibit yourself with having less than what you really want?In the event that something new is harder to cover than something old and something borrowed, you should need to consider a wedding loan. The most important day of your life can be extremely costly. From the dress and the venue to the catering and the wedding cars, your special day can cost you in upwards of $50,000. If you don’t have that money saved, you may be looking at other ways to finance your wedding. Our guide below details the different loan options you have available and how to choose the right one for you.

Things to consider:

Fixed or variable rates – The difference between the two could be tremendous. But there’s no assurance. This is because there’s really no telling how a variable rate will perform. There’s also no guarantee that the RBA cash rate savings will be passed on by your finance provider, leaving you in the lurch while they profit from you a while longer. With a fixed rate, you may be paying a little more in the long run but it means you can predict how much your repayments will be and sort out your weekly budget in advance.

What are the fees that you’ll be charged?

When you look at the fees for a loan you should make sure to check the upfront fees as well as ongoing charges. Upfront fees cover the cost of setting up the loan, for instance, establishment fees, and ongoing expenses can include monthly account-keeping fees or amounts you will be charged for using some of the features of the wedding loan, such as making additional repayments. You ought to likewise know about late fees and any fees which may apply for paying back the loan amount early.

What interest rate are you being offered?

When looking at the rate offered by the lender, make sure to check whether the rate is fixed or variable. You can also see if the lender offers an introductory rate or promotion at the time of your search that can help you save money in the first stages of the loan.

Is the wedding loan amount and terms affordable for you both?

p>You have to guarantee that the amount you need to borrow and the timeframe you need to get it for is offered by the lender. You can check the minimum and maximum loan amounts each lender offers and see if they suit your needs.

Medical Procedures/Cosmetic Surgery/Dental

We offer a friendly and flexible solution for clients in need, whether it’s an operation unexpectedly, something you’ve known you’ll need for a while, or you’re looking to improve your appearance with cosmetic work such as specialist dentistry or hair replacement or restoration. Covering medical expenses can be costly, and even with private health care insurance you may to pay an excess, or worse, your procedure might not be covered at all. It will keep you financially prepared for anything and everything you need with regards to getting a medical procedure done. It could be as serious as cancer treatment, as annoying as a dental procedure or as nerve wrecking as cosmetic surgery. None of the results are ensured obviously, and you’ll have to repay your debt regardless of you’re completely dissatisfied.

Things to consider:

Fees, Loan terms, Repayments, Loan amount.

What types of personal loans can cover medical expenses?

Unsecured personal loan, Specialised medical loan, Short-term loan, Credit card.

Pensioner Loans

While you’re retired and living without the stresses or worries of work you can still find yourself under financial pressure in your twilight years. You never realize what unexpected expenses may arise and you need to take out a pensioner loan for some extra cash. It may be for a new car, sudden medical expenses or household appliances.It’s important to know that there are loan and financing options out there. It’s even more important to know how to compare these options so we may find the right product for you. If you have a substantial amount of money sitting in a bank account then you’re in a much better position to prove you can make repayments and therefore borrow more money from a lender.

Furniture and appliances

A furniture loan is a loan that is used to furnish your house, update old furniture or get some new shelves that you’ve been eyeing. Depending on the lender, you are able to apply for a furniture loan with bad credit or if you are on Centrelink payments. Whether you need one or two things like a sofa and dining table or need to furnish your house in full from top to bottom, our unsecured household furnishing loan can help. Whether you’re an individual, couple, or family, you can use your loan to buy whatever you require.

Things to consider:

Fees and charges, how do you want to repay your loan, eligibility criteria, and borrowing amount.

Are there any fees or charges?

Generally, there are fees and charges associated with any loan that you take out, but the fees vary.

What kind of furniture can I get through a furniture loan?

This depends on what you look for. Some lenders only allow you to get particular furniture, for example, a new bed or white goods, whereas if you decide for a personal loan, you are able to get whatever furniture you need as long as you can afford it with the amount you’ve requested.


Do you feel like the holiday of your dreams will never become a reality? Are you trying to plan a relaxing honeymoon in Thailand or backpacking adventure in South America but have spent all your savings on the wedding? Have your children experienced the thrill of air travel to somewhere new? To maintain our sanity in this busy world we live in, a holiday can be the perfect remedy to escape the chaos and unwind A travel loan can cover many parts of a holiday including; flights, accommodation, meals, car hire, travel insurance, spending money and more. Whatever your circumstances we can help you with our travel loans specifically tailored to your travel needs.

Things to consider:

Low fees, good rates, and flexible repayments.

What should you consider before applying?

Before you apply for a holiday loan you should know the cost of your repayments and choose whether they will be affordable for you. You should also ensure that the amount you’re borrowing will be sufficient for your holidays and whether the loan terms will be manageable. Remember, as well, that you will likely have to make repayments while you are away, so make sure you budget for this.

What you’ll need when applying for a holiday loan?

Financial details -copies of your income, debts assets liabilities and expenses

Proof of income – most recent payslips

Proof of identity – passport, medicare card and or driver’s license

Car/Vehicle Loan

A car loan is a loan taken out for the purpose of buying a motor vehicle such as a car, motorbike, or other road vehicles.. In the event, you don’t have enough in savings to afford to buy a car but you can afford to repay a loan in monthly instalments, you should think to consider using a car loan to finance your new wheels. With the range of our Car Loan deals, we can help you find the wheels you need. Intellichoice tailored loans for car improvements, maintenance, enhancing, tunings and buying new and used cars. Call us now and talk to our experts!

Things to consider

– How your repayments will work.
– The actual loan term
– What fees you will be charged
– The interest rate.
– If the lender requires insurance.

What you’ll need to apply?

Identification – Driver’s license, or passport, or birth certificate, Medicare card may be required as additional documentation.

Details of the car – The make, model, year and color of the car, Vehicle identification number (VIN) or chassis number, Engine number, Registration number, a Purchase price

Income and employment – Three recent payslips, Two years of tax returns (if self-employed), Your after-tax income, Employment information and employer’s contact details.

Assets and liabilities – Details of properties or large assets (such as a car) you own, Your ongoing expenses, Details of loans or overdrafts.

What types of car loans are there?

Secured car loan – generally have a lower interest rate than unsecured loans

Unsecured car loan – no security required for this type of loan, as a result, the interest rates are slightly higher than secured car loans

Car hire purchase – Self-employed borrowers likewise have the option of financing a car using a car hire purchase. Every repayment made towards a car hire purchase agreement reduces the balance owing on the purchase price of the car.

Novated lease – Is an agreement between an employer, employee, and finance company whereby the employee goes on a car lease with the finance company, whilst the employer agrees to assume the employee’s payment obligations for the lease (presumably the employer then includes the car payments as part of the employee’s salary) At the end of the novated lease term you have the option of purchasing the vehicle outright for an agreed sum, or giving that one back and upgrading to a different car, where you’ll enter into a new lease agreement.

Car lease – For the self-employed, a car lease can also be used to buy a car for business purposes.

Used car loan – Want to snap up a deal with a secondhand car? Let us take the hassle of obtaining your car finance, whether you’re purchasing from a car dealership or a private seller.

You can get a good deal because you’re not buying it brand new and there can be more room to negotiate if it’s a private sale. If you don’t have the full amount ready to make your purchase, we have a range of financing options available for you to consider with access to a panel of lenders we can tailor a loan package that suits your individual situation. Let us work for you! Apply online today!

Bad credit car loan – Bad credit? You still deserve a car, Perhaps you forgot to pay off your credit card, maybe you missed some repayments, have been bankrupt, or are just unfortunate. We at Intellichoice believes that all people deserve a second chance. Helping people with bad credit is our expertise because we’ve handled loans these before and we specialize in this area. Call us now or you can Apply Online!

Chattel mortgage – In case you’re self-employed and buying a car primarily for business use, you can consider a chattel mortgage. The lender you apply with takes out a “mortgage” on your car while you make monthly payments towards the vehicle. Once it is paid in full, the mortgage is removed and you own the car outright.

Debt Consolidation

It simply allows you to combine all your debts into one, consolidating them and make a single payment. Multiple debts can be stressful. We take the stress out of borrowing! We at Intellichoice provides an option for our debt consolidation loan you can enjoy our flexible payment options. Whether you are looking to consolidate credit cards, another personal loan, other debts or a combination. We can help you find a solution. Just dial our number to talk to one of our Loan Specialist or you may simply Apply Online!

Things to consider

– If you have bad credit and a large amount of debt.
– If you have a low-interest credit card with available credit.
– If you have bad credit and a large amount of debt.
– If you have equity in your home.
– But I have bad credit, can I still consolidate my debt?

Bad credit can strike at any whenever. Whether you lose your job or miss a couple of repayments because of ailment, debt consolidation for bad credit borrowers is still possible. If you find that your repayments are spiralling crazy, debt consolidation could be for you. With the assistance of our Loan Specialist, you could possibly get your finances back on track.

What debt can I consolidate?

– Credit Card
– Personal loans
– Store/charge cards
– Other credit accounts


The passing of a much-loved family member or friend can be an incredibly difficult time.It can be a costly and stressful time for many families. Funerals can cost as much as $15,000 to organize, which can place a significant strain on your bank balance at a time when you’ve got much more important things on your mind. Our aim is to provide a flexible funeral loan that will provide you the comfort and support required during this stressful time to cover all funeral expenses for your loved one. Call us today to talk to our loan specialist, or you may complete our online application form, and take the first steps in securing the funeral finance required for your needs.

Things to consider

The importance of planning ahead
Your repayment amounts
The risks of borrowing
Other payment options

Who is responsible for paying for a funeral?

The person that organises the memorial service will generally have to sign a contract with the funeral director and turns out to be legally responsible for paying for the funeral.

What you will need to apply?

– Be at least 18 years of age
– Be an Australian citizen or permanent resident

You’ll also need to provide the following information when you apply for a loan:

– Your name, date of birth, contact details and proof of ID
– Details of the loan amount and purpose
– Information about your employment and income
– Details of your assets and liabilities

Student Loan/Educational expense

Education opens doors. Opportunity knocks only once!Don’t let money hold you back. While many of us are fortunate there are students, find themselves on tight budgets while they make their way through university. Course fees and living expenses often start piling up quicker than expected when it’s your first time out of the home. Many students are only able to work part-time or casually and earn minimum wage (or close to it). It’s good to know that if you find yourself in need of a loan, we have available options that suit your needs. Take charge of your future! Get started with us today!

Things to consider

– Flexibility
– Tailored products
– Package options

An education loan can be used by you, or even a loved one in your care and can include such things as:

– Training course fees
– School fees
– Computer and technology expenses
– Excursion
– Uniform and general school expenses

About Us

At Intellichoice Finance, we’ve been successfully providing finance solutions to satisfied clients for years. From home loans, bad credit loans… to owner builder loans… equipment and commercial finance – we’ve got it covered.