360 Finance personal loan repayment calculator

Thinking about taking out a personal loan with 360 Finance? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how 360 Finance personal loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Moderately low rates on some secured personal loans
  • New car loans have no ongoing fees
  • Can apply online
  • Application fee may be charged
  • Ongoing monthly fees may be charged
  • No branch access

360 Finance personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

7.95%

Variable

6.36%

$608

based on $30,000 loan amount for 5 years

$399

Redraw facility
Extra repayments
Fully drawn advance
Secured
360 Finance
More details

Features of 360 Finance personal loans

360 Finance brokers a variety of personal loans from over 20 lenders:

  • Car loans (used and new car loans)
  • Bike loans
  • Boat loans
  • Caravan loans
  • Hobby equipment loans
  • Jet ski loans
  • Medical procedures

The minimum personal loan amount offered by 360 Finance is $2,000. Personal loans brokered by 360 Finance can have variable or fixed interest rates, with terms of one to seven years. Repayments can be made weekly, fortnightly or monthly and customers can choose between secured or unsecured personal loans.

As 360 Finance is a fee-for-service broker, a service fee may apply.

360 Finance – customer service

360 Finance doesn’t have any branches, with customer service being offered either over the phone or online.

Customer service staff are available by phone from 8am-5pm  (AEST), Monday to Friday, email and online enquiry form.

Who is eligible for a 360 Finance personal loan?

To be eligible you must:

  • Be 18 years or over
  • Be an Australian permanent resident or citizen
  • Have a reasonable credit history
  • Demonstrate a minimum of three months’ work history

360 Finance does offer personal loans to self-employed Australians, depending on circumstances.

If a borrower has previously been bankrupt, they may still be eligible, however additional information will be needed.

How to apply for a 360 Finance personal loan?

To apply for a 360 Finance personal loan, you’ll need provide the following details:

  • Proof of Australian residency or citizenship
  • Driver licence
  • Proof of income
  • Information about your credit history (including any credit defaults)

Usually once you fill in an online form, a 360 Finance customer service representative will be in touch to discuss your application.

360 Finance personal loan review

360 Finance is a fee-for-service broker, which can connect borrowers to a range of lenders and personal loans for a variety of customers.

The interest rates on 360 Finance personal loans vary significantly between the types of loans it offers. Generally, secured loans have much lower interest rates than unsecured loans.

Compared to its competitors, 360 Finance offers many personal loans that have moderately low interest rates. However, to make sure you get the best deal for you, it’s worth comparing their rates carefully with other lenders.

When it comes to fees, they vary significantly between the types of personal loans 360 Finance offers. Some charge upfront fees as well as monthly fees, while others waive these. Early exit fees may also be charged and there are missed payment penalty fees as well. 360 Finance may charge a service fee for their broking services.

Learn more about 360 Finance

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

What documentation is needed for a self-employed personal loan?

Personal loans may require a borrower to provide proof of identity, proof of residence, details of any other outstanding loans (including credit cards), details of assets they own (e.g. savings, car, property), and proof of income.

While borrowers in full-time or part-time employment can often provide payslips and similar documents to prove their income, self-employed borrowers may need to provide other documents, such as bank statements or tax returns, to demonstrate that their income can cover a loan’s repayments.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

Will comprehensive credit reporting change my credit score?

Comprehensive credit reporting may change your credit score, either positively or negatively, depending on an individual's situation.

Under comprehensive credit reporting, credit providers will share more information, both positive and negative, about how you and other Australians manage credit products. That means credit reporting bureaus will be able to make a more thorough assessment of everyone’s credit behaviour. That will lead to higher scores for some consumers and lower scores for others.

What is a credit rating/score?

Your credit rating or credit score is a number that summarises how credit-worthy you are based on your credit history.

The lower your score, the more likely you are to be denied a loan or forced to pay a higher interest rate.

What's a credit report?

A credit report is a record of your credit history, which covers your credit enquiries, borrowings and your repayments. The report will include information about any bankruptcies or other relevant legal judgements. It will also include biographical information such as your address, date of birth, driver's licence number and employment history. 

How long does it take to get a $5000 loan?

Depending on the lender, personal loans and medium-amount loans for $5000 can sometimes be approved in under an hour, and give you access to the money the same day. Other loans may take 24 hours or longer to assess your application, and you may not get the money for a few days.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

How can I improve my credit rating/score?

Your credit score will improve if you demonstrate that you’ve become more credit-worthy. You can do that by minimising loan applications, clearing up defaults and paying bills on time.

Another tip is to get the one free credit report you’re entitled to each year – that way, you’ll be able to identify and fix any errors.

If you want to fix an error, the first thing you should do is speak with the credit reporting body, which may take care of the problem or contact credit providers on your behalf.

The next step would be to contact your credit provider. If that doesn’t work, you can refer the matter to the credit provider’s independent dispute resolution scheme, which would be the Australian Financial Complaints Authority (AFCA).

AFCA provides consumers and small businesses with fair, free and independent dispute resolution for financial complaints.

If that doesn’t work, your final options are to contact the Privacy Commissioner and then the Office of the Information Commissioner.

Are there $2000 emergency loans?

If you’re having trouble being approved for a loan of less than $2000 and urgently need to purchase household essentials, there may be emergency loan options available to you.

For example, the No Interest Loans Scheme (NILS) allows low-income borrowers to take out interest-free loans of up to $1500 for essential goods and services.

For further assistance, consider contacting a financial counsellor, or calling the National Debt Helpline on 1300 007 007

Which lenders offer bad credit personal loans?

Several dozen lenders offer bad credit personal loans in Australia. These are generally smaller lenders that aren’t household names.

How long will I have bad credit?

Most negative events that appear on a person’s credit file will stay in their credit history for up to seven years.

You may be able to improve your credit score by correcting errors in your credit report, clearing outstanding debts, and maintaining good financial habits over time.

Can I get a $2000 loan on Centrelink?

If more than half of your income comes from Centrelink benefits, it may be more difficult to have a $2000 loan application approved. Many lenders will check if you can afford a loan’s repayments on the income from your job before they’ll approve an application, and many won’t count Centrelink payments when assessing your income for this purpose.

Some lenders may offer $2000 loans to borrowers on Centrelink – consider contacting potential lenders to check before applying.