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Personal Loan

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I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Features a low rate
  • No early exit penalty
  • Can apply online
Cons:
  • Monthly fee charged
  • Application fee charged
  • Cannot apply in branch
  • Has ongoing fees
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Symple Loans Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
2%
of loan amount
Ongoing Fee
Ongoing Fee
$10 monthly
Borrowing range
Borrowing range
$5k - $50k
Total Repayments
Total Repayments
$32,868
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
2%
of loan amount
Ongoing Fee
Ongoing Fee
$10 monthly
Borrowing range
Borrowing range
$5k - $50k
Total Repayments
Total Repayments
$32,868
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Benefits
No early repayment fee
Other Restrictions
Loan establishment fees range from 2% to 5% of the loan amount

FAQs

It may be much more difficult for a self-employed borrower to successfully apply for a personal loan if they also have bad credit. Many lenders already consider self-employed borrowers to be riskier than those in full time employment, so several self-employed personal loans require borrowers to have excellent credit.

If you’re a self-employed borrower with a bad credit history, there may still be personal loan options available to you, such as securing your personal loan against a vehicle of equity in a property, though your interest rates may be higher than those of other borrowers. Consider contacting a lender before applying to discuss your options.

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