Liberty Financial personal loan repayment calculator

Thinking about taking out a personal loan with Liberty Financial? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Liberty Financial 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

  • Tailored personal loan approach
  • Below-average fees
  • Additional repayments allowed
  • No branch access

Liberty Financial personal loans rates

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

7.65%

Fixed up to 10.49%

7.65%

$603

based on $30,000 loan amount for 5 years

$0

up to $950

Redraw facility
Extra repayments
Fully drawn advance
Secured
Liberty Financial
More details

10.99%

Fixed up to 13%

12.09%

$652

based on $30,000 loan amount for 5 years

3%

of loan amount

Redraw facility
Extra repayments
Fully drawn advance
Secured
Liberty Financial
More details

Features of a Liberty personal loan

Liberty’s personal loans focus on providing the money you need quickly and easily without the hassle of messy paperwork.

The whole application process is done online, and can be supported by an experienced lending specialist, who can usually get you an outcome within one to two days.

Liberty offers personal loans for a variety of purposes, including to pay for a car, a holiday, medical or dental work, debt consolidation, home improvement or to help pay for a wedding. The strongest borrowers may be rewarded with the lowest interest rates.

Liberty personal loans – customer service

Liberty offers phone customer service, and representatives are available to talk from 9am-5pm (AEST) between Monday and Friday.

Who is eligible for a Liberty personal loan?

To get a loan from Liberty, there are some basic eligibility requirements. You must: 

  • Be applying as an individual (no joint applications, or applications in your company or business name)
  • Be a citizen or permanent resident of Australia and currently residing in Australia
  • Be earning an income of at least $20,000 per year (you cannot be earning the majority of your income from Government benefits)
  • Be at least 18 years of age
  • Not have any outstanding defaults, court judgements, writs, or bankruptcies
  • Not currently be late in paying any existing debts or bills

If you are self-employed, you must also:

  • Have been trading for at least 2 years
  • Provide the previous financial year's tax return, that shows income has been paid to you from your business, and the notice of assessment
  • Be borrowing for predominantly personal or personal investment purposes

How to apply for a Liberty personal loan?

You can apply online, at any time, using a computer or any device that has an internet browser and internet connection. It should only take you about 10 minutes to complete your application. However if anything unexpected should pop up, just save your application and you can come back at any time.

Liberty personal loans review

Liberty offers flexible personal loan solutions – customers can also choose their repayment schedule; repayments can be made weekly, fortnightly or monthly; and there are no ongoing fees, or fees for closing the loan early.

Liberty’s personal loan rates and establishment fees vary from product to product. In general, Liberty personal loan interest rates are moderately low to very low, but may change depending on your credit history. Liberty’s specialists may be able to help you find the right products and personal loan interest rates for you.

If you’re looking for the best personal loan rates for your financial situation, it’s advisable to compare rates, fees and features before choosing your loan.

Learn more about Liberty Financial

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.

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.

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.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

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.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

Can I get a $4000 personal loan if I’m unemployed or on Centrelink?

Before most providers of personal loans or medium amount loans will approve an application, they’ll want to know you can afford the loan’s repayments on your current income without ending up in financial stress. Several lenders don’t count Centrelink benefits when assessing a borrower’s income for this purpose, so these borrowers may find it more difficult to be approved for a loan.

If you’re unemployed, self-employed, or if more than 50% of your income come from Centrelink, consider contacting a potential lender before applying to find out whether they accept borrowers on Centrelink.

How can I get a $3000 loan approved?

Responsible lenders don’t have guaranteed approval for personal loans and medium amount loans, as the lender will want to check that you can afford the loan repayments on your current income without ending up in financial hardship.

Having a good credit score can increase the likelihood of your personal loan application being approved. Bad credit borrowers who opt for a medium amount loan with no credit checks may need to prove they can afford the repayments on their current income. Centrelink payments may not count, so you should check with the lender prior to making an application.