How easy is it to apply for a personal loan?

Whether you’re looking to fund home renovations or book in a holiday, a personal loan could help you make it happen.

Personal loans offer a straightforward way to finance your plans and take control of your journey.

If you’ve been thinking about applying for a personal loan, it could be easier and faster than you think.

Can I apply for a personal loan online?

Some lenders like Liberty offer convenient online applications to streamline the lending process. Applying digitally is an efficient way to avoid the traditional paperwork often associated with loan applications.

The flexibility of an online solution also means you can apply anywhere, at any time and get faster access to the funds you need.

How long is the approval process?

Personal loans offer a swift way to help bring your ideas to life. Once your application is submitted, depending on the lender and who you bank with, your funds could be approved and deposited into your account within 24 hours.

Keep in mind that your individual circumstances and a lender’s criteria and eligibility requirements may impact how quickly your application is approved. Different lenders have different timelines.

Will it affect my credit score?

It’s only once you decide to submit a personal loan application and the lender conducts a full credit assessment that your credit score may be affected.

Liberty has an obligation-free online rate estimator which can quickly give you an idea of your personalised interest rate without impacting your credit score. It only takes a few minutes and can give you the confidence to compare rates from different lenders.

How do I get started?

When you’re ready to get started or take the next step on your lending journey, Liberty is here to help.

To find a lending solution and personalised rate that aligns with your individual circumstances, explore our free-thinking personal loan options here.

Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.