Sometimes getting a personal loan is the only way to get out of a bad, financially challenging time. Personal loans are installment loans. That means you borrow a fixed amount of money and pay it back via direct debits over the term of your loan, say 6 months. Don’t get a loan if you think you cannot make these payments.

Things to know:

• Your approval can depend on your credit history and your current ability to afford a new loan.
• You must be an Australian permanent resident
• You must be at least 18 years of age
• You must not be currently bankrupt
• You must be receiving a regular income

Applying For A Personal Loan

Getting a personal loan can be a daunting experience. Some lenders make it hard with lots of paperwork, long waiting times, complicated terms & conditions, fine print and confusing jargon. Look for a process that makes it easy to understand what’s expected of you with a clear understanding of fees, terms and conditions.

With Wonder Loans, understanding and applying for a personal loan couldn’t be easier. You simply go to the site and click Apply Now! It is very easy to apply with Wonder Loans, there’s literally no paperwork. Our entire loan application process is 100% online and it is totally secure and simple to use. It only takes minutes to apply online. You can conveniently apply from any device: your mobile; tablet; laptop.

• No paperwork
• No long queues and wait times
• No hidden fees
• No catches
• No surprises.

A personal loan may be a good option if you’re in need of extra cash for a genuine purpose. Be responsible and make sure that you really do need a loan. If you have alternative ways of dealing with a cash flow issue, try them first before borrowing.