Flexible Personal Loans for Whatever You Need
- Borrow between $5,000 up to $50,000
- Choose your term from one to five years
- 100% online
- Rates from 0.00%
Why Choose AFS for Your Unsecured Personal Loan
Achieve Your Goals with Financial Flexibility. Whether you’re planning a home improvement, consolidating debt, or covering unexpected expenses, an unsecured personal loan from AFS provides the financial flexibility you need - without the need for collateral. Our loans are designed to help you achieve your goals with ease and peace of mind.
Finance with Freedom. With an AFS unsecured personal loan, you can take control of your finances and make your plans a reality, all without the need for collateral. We’re here to support you every step of the way.
Ready to Take the Next Step? Explore our unsecured personal loan options and apply online today. Empower yourself with the financial freedom to achieve your goals!
No matter where you are on your journey, we're always here to help!
Frequently Asked Questions (FAQs)
What is a personal loan?
A personal loan is a sum of money you borrow from a financial institution or lender, which you repay over a specified period, typically 2 to 5 years, with added interest. It's a convenient option for covering costs such as emergencies, home renovations, car repairs, or even a holiday.
What kind of things can l use a personal loan for?
A personal loan can be used for a variety of purposes - home improvements, rentail bonds, car repairs, medical bills, or even that dream vacation.
How long will it take to approve my loan application?
Once you’ve submitted your loan application, approval is conditional pending credit checks and verification of the information you have supplied. Approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial information. Your Loan Account Manager can provide more information about documenting your loan and the settlement process.
Who can apply for an unsecured personal loan?
Anyone over 18 years of age who is a citizen or permanent resident currently living in Australia, can apply for an AFS unsecured personal loan. To be eligible, applicants need to be employed and earn a minimum of $530 per week.
How does a secured loan differ from an unsecured loan?
An unsecured personal loan doesn't require any collateral. This means that if the loan isn't repaid, the lender doesn't have any assets to recover the outstanding amount. Secured personal loans, on the other hand, are less risky for lenders and typically offer more favourable terms, such as lower interest rates or higher borrowing limits, compared to unsecured loans.
What is a target market determination?
A target market determination outlines the types of customers for whom a product is likely to be suitable, considering their needs, objectives, and financial circumstances. It also specifies who is authorised to distribute our products, the methods they can use, and situations where we may need to reassess our products and their target market. To view the target market determination for this product, click here.
What do l need to apply?
To ensure applying online is straight forward, we suggest you gather a few key documents so that you have the information at your fingertips.
Here is a checklist outlining all necessary information you should have at hand before applying.
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Your full name
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Your date of birth
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Your current driver's licence number and expiry date
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If you do not have a current driver's licence, then details of your passport including number, place of issue and expiry date.
Your Residential Details
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Your current residential details
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If you have not been living at your current address for at least 3 years, the details of your previous address
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If you have a mortgage, or have recently applied for a mortgage, the details of the monthly payments
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If you are renting or boarding, the details of your landlord/real estate agent including Name and Telephone Number.
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Things you should know
1 All loans are subject to affordability, suitability and verification.
* Interest rate (Annual Percentage Rate/APR) is only applicable for new goods that have not been pre-owned, where the amount borrowed is between $35,000 and $130,000 and where the applicant owns or is buying a property and has an established good credit history. Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. Credit provider is Automotive Financial Services Pty Ltd - Australian credit licence 383 762.
^ Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applied only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Seven year loan terms by request only.
- If you use a licenced finance broker to assist you in applying for credit, there may be other fees and charges payable, such as a finance broker fee or Origination Fee. AFS enables you to finance an Origination Fee as part of the amount of credit up to a maximum value of $990 including GST. An Origination Fee represents the finance broker's fee to provide credit assistance to you. It is a one off fee that is only payable if you proceed with the suggested credit contract. Under the National Credit Code, a Finance Broker is required to give you their Credit Guide, a Credit Quote and, at the same time as providing assistance to you, give you a Credit Proposal Disclosure document which will details all the fees and charges payable and if any commission will be received by the finance broker.