Michelle Schaafsma

Get Expert Guidance on Personal Loans That Work for You

Are you feeling overwhelmed by the options for personal loans and unsure which one is the perfect fit for you? You're not alone! With countless options, high-interest rates, and a complicated application process, choosing the right loan can be overwhelming.

But don’t worry! With expert guidance, we can get rid of the confusion and help you find the perfect loan that meets your needs.

What is a personal loan?

A personal loan is typically a short-term loan, spanning around 5-7 years, that gives you flexibility. Unlike a mortgage or car loan, it’s not tied to a specific purchase, allowing you to use the funds for various needs—whether it’s covering unexpected expenses, consolidating debt, or funding a special event.

personal loans

Manage unexpected costs with personal loans

Personal loans can be a smart choice to help you manage your finances. Whether you're facing a hefty medical bill, urgent home repairs, or want to consolidate high-interest debt into one easy payment, a personal loan can be your go-to solution.

Types of personal loans

Understanding your personal loan options is key to making a confident decision that suits your needs.

Here’s a quick overview:

Unsecured personal loans

These loans allow you to borrow money without needing collateral, like your car or house. They’re convenient but usually come with higher interest rates since they’re riskier for lenders. Think of it as a loan based solely on your creditworthiness.

Secured personal loans

With secured loans, you put up an asset, such as your car, as collateral. If you can’t make your payments, the lender can take that asset. The benefit? These loans often have lower interest rates due to the reduced risk for the lender. Just remember to stay on top of your payments!

Fixed-rate loans

A fixed-rate loan locks in your interest rate for the entire term, making your monthly payments predictable and perfect for budgeting.

Variable-rate loans

These loans have interest rates that can fluctuate, meaning your payments may go up or down based on market conditions. This option might suit you if you’re comfortable with a bit of uncertainty and are hoping to secure lower rates in the future.

If you’re unsure which type of personal loan is right for you, don’t worry! Your Mortgage Choice team is here to guide you through the process and help you find the best fit.

Why choose us?

Here’s how we can make the process easier for you:

Personalised loan guidance

We take the time to understand your unique needs, providing clear insights on loan types and options.

Competitive interest rates

We work with various lenders to help you find the most competitive rates for your financial situation.

Transparent fees

No unexpected fees here! We’ll clarify the total cost of your loan upfront.

Simplified application process

We’ll guide you through every step of the application process, ensuring you feel confident in your application.

Tailored solutions

We’ll help you find a loan that fits your budget and financial goals.

Still unsure about which personal loan is right for you?

Contact us today at 0488 858 056 or schedule a call back. Together, we’ll find the right loan that aligns with your financial situation and goals!

Start your home loan journey today

Find out how much you can borrow.

Find out how much you can borrow in just a few minutes! Use our helpful home loan calculators to determine your borrowing capacity, so you can have confidence when it comes time to find the perfect home.

Try our home loan calculator here.

Contact Michelle Schaafsma or Jeff Fullick at 0488 858 056 or Schedule a callback

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