Personal Loans

A personal loan sits somewhere close a home loan and a credit card loan. Unlike with a credit card, you have to sign a formal contract to access a personal loan however, the process is easier and faster than taking out a mortgage. Loan sizes usually generally go from several hundred dollars to tens of thousands of dollars, while loan terms for the most part from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

We provide a range of flexible personal loans tailored to suit your needs.

In case you want to borrow money to consolidate credit card debt, move cross-country or even finance an adoption, a personal loan can help cover your expenses without breaking the bank. Most personal loans are unsecured, which means they don’t require collateral such as a house or car.

The documents needed are: (any of the following)

1. Identification Card – driver’s license, passport, proof of age card or company id

2. Supplementary Identification in the form of – birth certificate, utility bills, pension card or health card, citizenship id.

3. Income – self-employed, tax returns from the last two years, annual after-tax salary, last three payslips, lenders may require your bank statement

4. Other financial information that will be required – current rent or mortgage statement, income statements from any of your income-producing assets, estimation of your current expenses

Your home is your castle, so you want to keep it in top condition. Unfortunately, housing upkeep can be pretty costly, and it’s not always possible to make the changes to homes that we may want or need. This is where a home improvement loan can help.You don’t have to sell up and buy a new home to have that new home feeling again either. And there’s only so much a new rug can do. But to renovate…that’s another ball game! It means you can stay exactly where you are while you continue to build on your homely dreams and memories for years to come.

Things to consider:

Flexibility is another important consideration. Would you be able to make free extra repayments? Or does your loan offer a redraw facility? Personal loan terms are generally between one and seven years, and as this is a significant amount of time you want to ensure that the loan can be accommodating to any change in your circumstances. Look out for things such as being able to make additional repayments, the ability to close the loan early or to change the loan terms.

Have you applied for the right amount?

This is an important question, not just because you could borrow too little money yet in addition since you could borrow too much. The principal amount you borrow from the lender will have an effect on your interest and could cost you quite a bit of money if you calculate the loan amount incorrectly. If you borrow too little, it may be hard to get additional finance to complete your home improvements. Make sure to use the comparison rate, to compare loans as this considers expenses and financing cost to help you understand the true cost of a loan.

Can you afford the repayments?

To calculate the cost of your repayments, you not just need to consider the interest rate you will be charged with the loan, yet in addition any ongoing fees or charges. Look at how long you are taking the loan out for, the repayment frequency you have chosen, any monthly or annual fees and the rate you will be charged. This will give you a thought of the true cost of the loan and your repayments.

Fixed versus variable interest rate: in the event, you need to ensure that during the time you are paying back your loan that your repayments stay the same, at that point, a fixed rate deal will be best. Variable interest rates are for the most part lower yet you have the risk that your repayments could go up amid the renovation loan term.

We offer a friendly and flexible solution for clients in need, whether it’s an operation unexpectedly, something you’ve known you’ll need for a while, or you’re looking to improve your appearance with cosmetic work such as specialist dentistry or hair replacement or restoration. Covering medical expenses can be costly, and even with private health care insurance you may to pay an excess, or worse, your procedure might not be covered at all. It will keep you financially prepared for anything and everything you need with regards to getting a medical procedure done. It could be as serious as cancer treatment, as annoying as a dental procedure or as nerve wrecking as cosmetic surgery. None of the results are ensured obviously, and you’ll have to repay your debt regardless of you’re completely dissatisfied.

Things to consider:

Fees, Loan terms, Repayments, Loan amount.

What types of personal loans can cover medical expenses?

Unsecured personal loan, Specialised medical loan, Short-term loan, Credit card.

A furniture loan is a loan that is used to furnish your house, update old furniture or get some new shelves that you’ve been eyeing. Depending on the lender, you are able to apply for a furniture loan with bad credit or if you are on Centrelink payments. Whether you need one or two things like a sofa and dining table or need to furnish your house in full from top to bottom, our unsecured household furnishing loan can help. Whether you’re an individual, couple, or family, you can use your loan to buy whatever you require.

Things to consider:

Fees and charges, how do you want to repay your loan, eligibility criteria, and borrowing amount.

Are there any fees or charges?

Generally, there are fees and charges associated with any loan that you take out, but the fees vary.

What kind of furniture can I get through a furniture loan?

This depends on what you look for. Some lenders only allow you to get particular furniture, for example, a new bed or white goods, whereas if you decide for a personal loan, you are able to get whatever furniture you need as long as you can afford it with the amount you’ve requested.

A car loan is a loan taken out for the purpose of buying a motor vehicle such as a car, motorbike, or other road vehicles.. In the event, you don’t have enough in savings to afford to buy a car but you can afford to repay a loan in monthly instalments, you should think to consider using a car loan to finance your new wheels. With the range of our Car Loan deals, we can help you find the wheels you need. Intellichoice tailored loans for car improvements, maintenance, enhancing, tunings and buying new and used cars. Call us now and talk to our experts!

Things to consider

– How your repayments will work.
– The actual loan term
– What fees you will be charged
– The interest rate.
– If the lender requires insurance.

What you’ll need to apply?

Identification – Driver’s license, or passport, or birth certificate, Medicare card may be required as additional documentation.

Details of the car – The make, model, year and color of the car, Vehicle identification number (VIN) or chassis number, Engine number, Registration number, a Purchase price

Income and employment – Three recent payslips, Two years of tax returns (if self-employed), Your after-tax income, Employment information and employer’s contact details.

Assets and liabilities – Details of properties or large assets (such as a car) you own, Your ongoing expenses, Details of loans or overdrafts.

What types of car loans are there?

Secured car loan – generally have a lower interest rate than unsecured loans

Unsecured car loan – no security required for this type of loan, as a result, the interest rates are slightly higher than secured car loans

Car hire purchase – Self-employed borrowers likewise have the option of financing a car using a car hire purchase. Every repayment made towards a car hire purchase agreement reduces the balance owing on the purchase price of the car.

Novated lease – Is an agreement between an employer, employee, and finance company whereby the employee goes on a car lease with the finance company, whilst the employer agrees to assume the employee’s payment obligations for the lease (presumably the employer then includes the car payments as part of the employee’s salary) At the end of the novated lease term you have the option of purchasing the vehicle outright for an agreed sum, or giving that one back and upgrading to a different car, where you’ll enter into a new lease agreement.

Car lease – For the self-employed, a car lease can also be used to buy a car for business purposes.

Used car loan – Want to snap up a deal with a secondhand car? Let us take the hassle of obtaining your car finance, whether you’re purchasing from a car dealership or a private seller.

You can get a good deal because you’re not buying it brand new and there can be more room to negotiate if it’s a private sale. If you don’t have the full amount ready to make your purchase, we have a range of financing options available for you to consider with access to a panel of lenders we can tailor a loan package that suits your individual situation. Let us work for you! Apply online today!

Bad credit car loan – Bad credit? You still deserve a car, Perhaps you forgot to pay off your credit card, maybe you missed some repayments, have been bankrupt, or are just unfortunate. We at Intellichoice believes that all people deserve a second chance. Helping people with bad credit is our expertise because we’ve handled loans these before and we specialize in this area. Call us now or you can Apply Online!

Chattel mortgage – In case you’re self-employed and buying a car primarily for business use, you can consider a chattel mortgage. The lender you apply with takes out a “mortgage” on your car while you make monthly payments towards the vehicle. Once it is paid in full, the mortgage is removed and you own the car outright.

The passing of a much-loved family member or friend can be an incredibly difficult time.It can be a costly and stressful time for many families. Funerals can cost as much as $15,000 to organize, which can place a significant strain on your bank balance at a time when you’ve got much more important things on your mind. Our aim is to provide a flexible funeral loan that will provide you the comfort and support required during this stressful time to cover all funeral expenses for your loved one. Call us today to talk to our loan specialist, or you may complete our online application form, and take the first steps in securing the funeral finance required for your needs.

Things to consider

The importance of planning ahead
Your repayment amounts
The risks of borrowing
Other payment options

Who is responsible for paying for a funeral?

The person that organises the memorial service will generally have to sign a contract with the funeral director and turns out to be legally responsible for paying for the funeral.

What you will need to apply?

– Be at least 18 years of age
– Be an Australian citizen or permanent resident

You’ll also need to provide the following information when you apply for a loan:

– Your name, date of birth, contact details and proof of ID
– Details of the loan amount and purpose
– Information about your employment and income
– Details of your assets and liabilities