Personal Lending

Intelligent Choices-Achievable Dreams

Great Interest rates on Home loans, Car loans, Personal loans and Insurances has meant 20 years of providing client satisfaction across many products and services

Loan and Finance approvals our specialty! this combined with up to date product awareness and bespoke solutions. With so many options available it pays to deal with experienced brokers who can view your unique lending needs one on one. Knowledge across niche areas such as owner builder loans or life events that cause credit score issues means we have seen and just about financed it all. Whether loans are needed for short or long term we will find you the right fit.


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

Personal Lending

Expectation, Excitement, Enthralling! These words best describe the emotions people feel when looking to purchase a property or asset by leveraging their ability to service a loan.

Personal lending really encompasses anything that an individual will either be looking to borrow for, such as property, goods, services, education or purchase insurance against loss from unforeseen events.

A range of government consumer legislation in Australia provides levels of protection that differ significantly to business lending, although these are starting to align as of 2021.

Knowledgeable brokers provide significant benefits, which aims to provide understanding different credit policies that apply to a given product. These products can range from Home Loans, Investment Property Mortgages, Construction loans, Bad Credit Loans, Personal loans, Car Finance, and General and Risk insurances.


It takes a very long time for a good broker to become knowledgeable about the varying aspects of these products; it is not simply a matter of pushing through a product disclosure statement (PDS) or a Credit Contract with an expectation that you can understand everything that's written in the fine print.

Sometimes, there are solutions available that would not have been considered without these many years of experience applied to an individual's circumstances, so it makes sense to discuss with authorised and licensed advisors to see if we can assist you in your personal journey to achieve assets or growth.

Take for instance the home loan journey--at first it seems like a pretty simple prospect-- find a property, put an offer on it, get a loan and move yourself or a tenant in!

But as many might tell you (some informed and experienced-and others perhaps not), the journey is not quite so simple and that straightforward.

Sourcing a good property requires a bit of research, a bit of good fortune, a little bit of luck, and advice from honest professionals. Why so? Economics can play a fairly big hand in your future purchases.

For instance, you need to answer whether it is in an area of growth or whether or not you see yourself staying there for the next 10 years. Apart from that, you also need to know whether that property will rent well if you’re not living in it or whether or not the owners selling below market or above market.

Costs and associated expenses are the other things you need to make yourself familiar with. Plus, knowing the right consultants/advisors that you will need to help you on your journey for that purchase is another essential thing to consider along with the what insurances you need considering for your particular circumstances. A good brokerage can assist in pointing you towards where you should start looking for these and more.


While personal and car loans are simpler, it can be tricky if not understanding how rates, fees, break costs, and if any and liabilities and responsibilities are going to impact on future lending and lifestyle.

All this comes as sweeping legislation in the form of Best Interest Duty (BID) that came into effect in 2021. This legislation takes us from, in the distant past, of a two-page application form to a volume of pages. The new application form considers the client position, which we believe is better for everyone.

Please feel free to scroll through these pages and see if we can assist in either your new dream purchase or refinance to make additional savings or re-order your life.

Useful calculator for personal lending:

Loan Repayment Calculator

Credit Card Calculator

Loan Comparison Calculator

Other Calculators


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

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.