Personal loans for casual employees from 60+ brands

Find personal loans from a wide range of Australian lenders that best suit your needs. Compare interest rates, repayments, fees and more. - Data last updated on 22 Jun 2018

Now showing 1 - 23 of 23 personal loans for casual employees
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Unsecured Personal Loan (5 Year Term)
*Comparison rate is calculated based on a loan of $30,000 over 5 years.
Advertised Rate
9.78%
fixed
Comparison Rate
11.18%*
Monthly Repayment
$634
Upfront Fee
$350
Compare
Promoted
Unsecured Personal Loan (Excellent Credit)
Advertised Rate
From
6.99%
fixed
Comparison Rate
7.69%
Monthly Repayment
$594
Upfront Fee
$500
Compare
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Fixed Low Rate (Excellent Credit Rating)
Advertised Rate
10.99%
fixed
Comparison Rate
12.21%
Monthly Repayment
$652
Upfront Fee
$250
Compare
Unsecured Loan (Excellent Credit)
Advertised Rate
From
7.65%
fixed
Comparison Rate
7.65%
Monthly Repayment
$603
Upfront Fee
$0
Compare
Unsecured Personal Loan (Marketplace)
Advertised Rate
From
10.99%
fixed
Comparison Rate
11.73%
Monthly Repayment
$652
Upfront Fee
$500
Compare
Discounted Personal Loan
Advertised Rate
7.99%
fixed
Comparison Rate
8.35%
Monthly Repayment
$608
Upfront Fee
$250
Compare
Secured Personal Loan (Car < 2 Years)
Advertised Rate
7.99%
variable
Comparison Rate
8.97%
Monthly Repayment
$608
Upfront Fee
$200
Compare
Unsecured Personal Loan - Diamond (Excellent Credit)
Advertised Rate
8.50%
fixed
Comparison Rate
9.36%
Monthly Repayment
$615
Upfront Fee
$595
Compare
Unsecured Personal Loans (Marketplace)
Advertised Rate
12.95%
fixed
Comparison Rate
14.39%
Monthly Repayment
$682
Upfront Fee
$395
Compare
Excellent Credit Personal Loan - Fixed Repayments (Unsecured)
Advertised Rate
From
8.35%
fixed
Comparison Rate
9.61%
Monthly Repayment
$613
Upfront Fee
3%
of loan amount
Compare
Personal Loan Fixed Rate
Advertised Rate
From
9.50%
fixed
Comparison Rate
10.06%
Monthly Repayment
$630
Upfront Fee
$150
Compare
Secured Personal Loan (Car 2-7 Years)
Advertised Rate
9.49%
variable
Comparison Rate
10.46%
Monthly Repayment
$630
Upfront Fee
$200
Compare
Unsecured Personal Loan (Marketplace)
*Comparison rate is calculated based on a loan of $10,000 over 3 years.
Advertised Rate
From
9.29%
variable
Comparison Rate
11.99%*
Monthly Repayment
$647
Upfront Fee
$300
Compare
Unsecured Personal Loan (NSW, ACT & QLD only)
Advertised Rate
11.45%
fixed
Comparison Rate
11.85%
Monthly Repayment
$659
Upfront Fee
$275
Compare
Unsecured Loan (Good Credit)
Advertised Rate
From
10.99%
fixed
Comparison Rate
12.09%
Monthly Repayment
$652
Upfront Fee
3%
of loan amount
Compare
Unsecured Personal Loan
Advertised Rate
11.99%
fixed
Comparison Rate
12.81%
Monthly Repayment
$667
Upfront Fee
$195
Compare
Grade A SocietyOne Loan Fixed
Advertised Rate
From
11.50%
fixed
Comparison Rate
13.34%
Monthly Repayment
$660
Upfront Fee
4%
of loan amount
Compare
Secured Personal Loan
Advertised Rate
From
12.99%
fixed
Comparison Rate
14.20%
Monthly Repayment
$682
Upfront Fee
$250
Compare
Unsecured Personal Loan
Advertised Rate
13.99%
fixed
Comparison Rate
14.37%
Monthly Repayment
$698
Upfront Fee
$250
Compare
Grade B SocietyOne Loan Fixed
Advertised Rate
From
12.55%
fixed
Comparison Rate
14.61%
Monthly Repayment
$676
Upfront Fee
4.5%
of loan amount
Compare
Unsecured Personal Loan
Advertised Rate
From
13.99%
fixed
Comparison Rate
15.19%
Monthly Repayment
$698
Upfront Fee
$250
Compare
Unsecured Loan (Average Credit)
Advertised Rate
From
14.00%
fixed
Comparison Rate
16.09%
Monthly Repayment
$698
Upfront Fee
4.5%
of loan amount
Compare
Unsecured Personal Loan
Advertised Rate
12.99%
variable
Comparison Rate
16.42%
Monthly Repayment
$682
Upfront Fee
$200
Compare
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A borrower’s risk factor might convince a bank or lender to approve or reject a personal loan application. Those who have maintained permanent employment over a long period of time are generally viewed as lower-risk applicants—having a regular stream of income means a borrower is more likely to meet regular repayment requirements. Casual employees who apply for personal loans could be viewed as higher-risk applicants, as irregular hours can lead to cash flow issues, meaning meeting payment requirements could be problematic at times.

Though obtaining approval for a personal loan could be difficult for casual employees, this doesn’t mean it’s an impossible feat. Some lenders do make exceptions for casual employees, while others may have personal loans tailored specifically for such applicants.

Who offers personal loans for casual employees?

Though casual employees could have a hard time getting a personal loan approved by a major bank or financial institution, many smaller banks and lenders will approval personal loans for casual employees who meet their eligibility criteria. Such criteria could include the following:

  • A minimum age of 18
  • A minimum yearly income, which would vary with each lender
  • A minimum period of employment at current employer
  • A good credit rating

Interest rates for casual employees

As a casual employee would be considered a higher-risk borrower, personal loans for casual employees might attract a higher-than-usual interest rate. While this could reduce the risk factor for the lender, it would result in higher weekly or monthly repayments.

Essential documents for casual employees

As with all personal loans, casual employees applying for a personal loan will have to provide the lender with various documents to prove their eligibility for the loan. These will vary with the lender, and could include the following:

  • Proof of identity such as a passport or driver’s licence
  • Proof of income such as recent pay slips and tax returns
  • Proof of financial status such bank statements and credit card statements

Pros and cons of personal loans for casual employees

Having a personal loan approved will no doubt assist you to pay for that holiday, buy that car you need for your daily commute to work or get you the extra cash required for a personal project. The interest rate associated with a personal loan could be lower than that of a credit card, meaning you could end up paying far less in interest.

That being said, the application process for personal loans for casual employees could be lengthy – if you’re hoping to obtain approval for a small loan for a quick purchase, using a credit card for the purchase could be a more convenient option. If you’re after a larger loan, it’s important to be certain you will be able to meet your repayment requirements – missing repayments or defaulting on your loan could lead to bad credit history, which could affect the approval of future loans or credit.

As with any financial decision, it’s important to do your research prior to committing to a loan. Visit RateCity’s personal loan comparison page to find out more about personal loan options which suit your needs.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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