Online Personal Loans

Apr 19, 2021

Are you looking for an online personal loan? If so, you’re not alone – more and more Australians are choosing smaller lenders or online providers instead of bigger banks and financial institutions when it comes to getting online personal loans. 

Even better, Online Loans offers you the opportunity to take the entire online personal loan process online. No phone calls, no letters, no waiting times - just a quick, easy and efficient online system that will help you get the loan you need, when you need it.

Reasons to get an online personal loan

Online personal loans are sought by people in all sorts of different situations and circumstances. There are numerous reasons why people decide to get online personal loans but some of the most common include: 

  • Consolidation of other debts: often it can be hard to keep track of debts if you have more than one outstanding payment. Helping to consolidate other debts is considered one of the most popular reasons to get online personal loans as it can often help to bring down the overall cost.
  • Unexpected medical costs: If you are taken ill abroad or suddenly face an unexpected medical issue, you may look into online personal loans. Often people take out online personal loans to pay for unexpected medical costs when they do not have any alternative savings to use. 
  • Emergencies: this could include anything from paying for a locksmith after being locked out of your house to having to pay for emergency car repairs that you weren’t expecting. Online personal loans will be the easiest way for you to access money quickly.
  • Major life events: often people take out online personal loans for life events such as a wedding or a significant birthday when they need a little extra cash flow to pay for extra expenses. It’s also very common for people to take out online personal loans around Christmas when there are presents and lots of extra food and drink to pay for.
  • Lifestyle improvements: this could include anything from redecorating or renovating your home, to getting luxury items to upgrade those you currently have. Online personal loans are the most appropriate type of loan for funding lifestyle improvements.
  • Starting a new business: if you’re starting up a small business, you may have issues with cash flow. Online personal loans are really useful for short term help with cash and to help you achieve your business goals.

Amounts to borrow with an online personal loan

How much you can borrow with online personal loans will depend on your individual circumstances. Most lenders will look at your credit rating and your financial history before deciding how much to approve your personal loan for.

Generally, online personal loans can be for any amount from a few hundred dollars to $50,000. It’s fairly rare to have online personal loans above $50,000 but if you have a really high credit rating and are able to provide evidence of a regular, stable high income you could be approved for as much as $100,000.

Getting online personal loans 

It’s never been easier to get online personal loans. Online Loans offers you the chance to see the entire process through online – allowing you to have complete control and saving you endless phone calls or unnecessary communication.

The most important thing is to find the right lender for you. Online Loans has access to a wide range of lenders and will be able to instantly display suitable options for your online personal loan. This can save you a huge amount of time, money and stress. 

Use our online loan process today to get the loan you need faster and more efficiently. Your goals, dreams and ambitions could all be made possible with an online personal loan