Rates and fees verified as correct at 20 September, 2021. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|Personal Loan (Variable, Unsecured)|| |
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
|Go to site|
Symple Loans offer an unsecured personal loan that comes with a variable interest rate (based on a customer’s credit rating). Loans range from $5,000 to $50,000 and can be taken out over 1 to 7 years.
There is only the option to make monthly regular repayments on this loan, however extra repayments are allowed. Symple Loans won’t charge an early repayment penalty either if you pay down your entire debt before your loan term is up.
Like the interest rate on this loan, the establishment fee is also determined by your credit rating, ranging from 0% to 5%. There is an ongoing service fee to consider as well.
Extra repayments: On top of monthly regular repayments, borrowers can make free extra repayments towards their Symple Loans personal loan.
No early repayment penalty: With a Symple Loans personal loan, there are no early repayment penalties for paying your entire debt down ahead of schedule.
Tiered establishment fee: For those with excellent credit, the Symple Loans personal loan comes with no establishment fee. However for those with an unhealthy credit rating this cost can go up to 5% of the borrowing amount.
An application for a Symple Loans personal loan can be completed online. It can take around 7 minutes to complete and you could have a response within 60 seconds. Plus, if you are approved you might be funded in 24 hours.
To qualify for a personal loan with Symple Loans, you must satisfy the following criteria:
You are 18 years of age or older
You are employed (and earning over $25,000 per year)
You are an Australian citizen or permanent resident
You have no record of prior bankruptcy.
Mozo users have rated Symple Loans personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
This was a fully online product that I found through a google search. I was very impressed at the ease of use of both finding information on their personal loans and how easy it was to apply. I got a response very quickly and had to send though additional paperwork which was also very easy.Read full review
This was a fully online product that I found through a google search. I was very impressed at the ease of use of both finding information on their personal loans and how easy it was to apply. I got a response very quickly and had to send though additional paperwork which was also very easy.
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