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Personal loans
Bring your ideas to life with a low interest personal loan.
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Get a personal loan to fund your big ideas
Get closer to your goals with a Liberty personal loan and receive a lump sum amount upon approval. Whether it's upgrading your home, planning a special event, or consolidating debt, we've got you covered. With competitive fixed rates and flexible repayment options, getting the funds you need is simple and stress-free. Apply online in minutes and discover the possibilities.
What type of personal loan are you looking for?
Secured personal loans
A product with a rate and size to fit your plans.
- Borrow up to $80,000
- Loan terms of 3, 5 or 7 years
- Vehicle required as security 1C
- Funds available for personal use
Rates per annum from
(6.10%1A)
Comparison rate
Unsecured personal loans
Get access to funds without an asset as security.
- Borrow up to $80,000
- Loan terms of 3, 5 or 7 years
- Simple online application
- Receive money quickly
Rates per annum from
(6.30%1B)
Comparison rate
Flexible car loans
A sharp rate for an even better journey.
- Borrow up to $100,0002
- Loan terms up to 7 years
- New and used cars accepted6
- Balloon payment options3
RATES PER ANNUM FROM
(10.65%1)
Comparison rate
Fresh start car loans
A loan you can shape to fit your needs.
- Borrow up to $50,0002
- Loan terms up to 5 years
- Poor credit history considered
- New or used vehicles accepted6
RATES PER ANNUM FROM
(15.06%1)
Comparison rate
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Get my personalised rate
In just a few easy steps you can discover your personalised interest rate. Checking your interest rate won’t affect your credit score.
Experts in personal loans for free thinkers
Learn more about personal loans and getting closer to your goals.
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Discover the possibilities
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Liberty personal loans FAQs
A personal loan is a lump sum amount you borrow from a lender that could help you fund larger expenses, like a car, a holiday, or home improvements.
You then repay the loan over a fixed period in regular instalments with interest. To help you access the funds you need to reach your goals, Liberty offers both secured and unsecured personal loans.
Personal loans can be used for a variety of purposes, such as consolidating debts, covering medical expenses, financing home improvements, funding vacations, paying for education, or handling unexpected emergencies. The flexibility of personal loans allows borrowers to address their financial needs and get closer to their goals with a fixed repayment plan.
Anyone over 18 years who is a citizen or permanent resident currently living in Australia can apply for a Liberty personal loan. Applicants need to be employed and earn a minimum of $20,000 per year (the majority of your income cannot be from Government benefits) to be eligible.
A secured personal loan requires an asset to be provided as collateral in case you’re unable to meet your future loan repayments.
For example, with a car used as security for the loan, the interest rates tend to be lower as there is less risk to the lender.
Unsecured personal loans do not require you to provide an asset as collateral and the loan amount will be based on your ability to repay. They often suit borrowers with a strong credit history but who don’t have assets to use as security.
If you default on an unsecured loan, the lender lacks an asset they can sell to cover the amount owing. That’s why their interest rates are typically higher.
For help to compare secured and unsecured personal loans for your use case, head to our blog on understanding secured vs unsecured personal loans.
You’ve probably heard of interest rates, but what is a comparison rate? A comparison rate is a handy number that shows the true cost of a loan once all fees and charges are considered. It helps you compare personal loan options side by side and find the one that could work best for you.
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Looking for more answers?
Whether you’re comparing personal loan options or just starting your research, this easy‑to-follow explanation could help you make confident, informed decisions.
Do you have big plans that you’re ready to set into motion? Whether it’s a home improvement project, a holiday, or dealing with an unexpected expense, a personal loan could help bridge the gap and keep your goals moving forward.
So today, let’s break down what personal loans are, how they work, and how you can use them.
What is a personal loan?
A personal loan is a set amount of money you borrow from a lender to fund something in your life.Once you’re approved, you get the funds upfront, which means you can set your plans into motion straight away. You then make repayments in regular instalments – usually weekly, fortnightly or monthly – depending on what works best for you.
What’s the difference between a secured and unsecured personal loan?
There are two main types of personal loans: secured and unsecured. A secured personal loan requires you to offer an asset, like a car, as collateral. Since the lender has security, they tend to offer lower interest rates.An unsecured personal loan doesn’t require collateral. As the lender is taking on more risk, the interest rates are usually higher. This could be a good choice for borrowers with strong credit histories without an asset to put forward.
Why use a personal loan?
Personal loans can be helpful in a bunch of situations. Maybe there’s a renovation you want to tackle without draining your savings. Maybe you’ve had a curveball pop up, like a medical bill or car repair. Or maybe you’d like to go on that dream holiday now and budget the cost over time instead of waiting to save up the funds.One of the biggest benefits of a personal loan is the predictability. With fixed repayments, you always know exactly what’s coming out of your bank account, which makes budgeting so much easier.
What does the application process look like?
To apply for a personal loan, you usually need to provide details like your income, expenses, identification, and sometimes a few supporting documents. This helps lenders understand whether the repayments will comfortably fit into your budget.Now, the application process can look different depending on the lender you choose. Some lenders may need you to supply extra documents or visit a branch in person. If your application is approved, the lender transfers the money straight into your bank account as a lump sum so you can get started on your plans right away.
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Things you should know:
1ASecured personal loan interest rates will range from 5.67% p.a. to 19.19% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.10% p.a to 20.77% p.a. This comparison rate is based on a secured $30,000 loan over a 5-year term with no balloon for a new vehicle. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
1BUnsecured personal loan interest rates will range from 6.30% p.a. to 19.99% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.30% p.a. to 21.49% p.a. This comparison rate is based on an unsecured $30,000 loan over a 5-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
1CVehicle eligibility criteria and age restrictions apply. Vehicle must be a passenger car or light commercial vehicle under 5-tonne gross vehicle mass.
1This comparison rate is based on a secured $30,000 car loan over a 5-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable. The actual interest rate applicable will depend on our assessment criteria. Higher interest rates apply where second-hand vehicles are used as security for the loan.
2Maximum loan amount for non-business applicants under 23 years of age is $25,000.
3The maximum vehicle age at the end of the loan term is 8 years for any loan with a balloon payment.
6Interest rate loadings apply to older vehicles, resulting in higher interest rates. Call 13 11 33 or speak with your local Liberty Adviser for details.