Liberty Personal Loan – loan
Secured and unsecured personal loans from Liberty Financial. Borrow up to $80,000 with rates from 5.67% p.a. for secured loans.
Applying does not commit you to a contract.
Properties of this loan
- Borrow $5,000 to $80,000
- Secured rates from 5.67% p.a. (comparison from 6.10% p.a.)
- Unsecured rates from 6.30% p.a. (comparison from 6.30% p.a.)
- Terms of 3, 5 or 7 years
- Use vehicle as security for lower rate
- Online application
Liberty Personal Loan
Liberty Financial is a well-established Australian non-bank lender offering both secured and unsecured personal loans up to $80,000. Their secured loans use a vehicle as collateral and carry rates from 5.67% p.a. (comparison rate from 6.10% p.a.). Unsecured rates start from 6.30% p.a. (comparison rate from 6.30% p.a.).
Loan terms are available over 3, 5 or 7 years, giving flexibility over repayment amounts. Eligibility requires a minimum annual income of $20,000, and the majority of income cannot come from government benefits. Applicants need to be at least 18, an Australian citizen or permanent resident.
Liberty is known in Australia for considering a wider range of borrower situations than the major banks. They have a track record of approving applicants who may have been declined elsewhere, particularly for secured loans.
✓ Pros
- Secured rates from 5.67% p.a.
- Borrow up to $80,000
- Flexible 3, 5 or 7-year terms
- Considers wider range of borrower situations
- No prepayment penalties on some products
✗ Cons
- Majority of income cannot be from government benefits
- Higher minimum income requirement ($20,000 p.a.)
- Limited term options vs some competitors
- Vehicle required as security for lowest rates
Loan requirements
- ✓ At least 18 years old
- ✓ Australian citizen or permanent resident
- ✓ Currently living in Australia
- ✓ Employed
- ✓ Minimum annual income $20,000
- ✓ Income majority not from government benefits
Frequently asked questions
1-3 business days
The minimum loan amount at Liberty Personal Loan is $5,000.