Personal Loans

Arranging Personal Loans in Kingscliff

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Funding for Purchases & More

Do you need a personal loan to fund much-needed home renovations? How about paying for your dream car? Contact us today! At MoneySmith Group, we have access to a range of lenders, as well as both small and large banks, and we will assess your individual circumstances in detail in order to assist you with finding the best offer available. 

 

Whether you would like to consolidate your debt or need extra money to fund a holiday, we will guide you through your options and explain their conditions in terms you understand. Contact us on 0433 149 788 and discuss your requirements with our team today. We assist clients all throughout the Northern Rivers, including Kingscliff, Tweed Heads, Murwillumbah, Ballina, Banora Point and Pottsville

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What Loans Are Available?

At MoneySmith Group, we understand there are numerous options available when it comes to personal loans, each with its own advantages and disadvantages. We’ve put together a list outlining their key differences:

  • Secured loans: This type of loan is great for those looking to make a big purchase or already have expensive assets. This is because secured loans usually have lower interest rates, as lenders can use your purchase or assets as security in the event you are unable to make repayments. They also have high approval rates. 
  • Unsecured loans: Unsecured loans are more flexible than their secured alternatives because they don’t require you to have assets and offer more freedom regarding what you can use the loan for. They have higher interest rates, however, as there is more risk involved for lenders should borrowers fail to make repayments. 
  • Fixed-rate loans: These are ideal for those who would like to take out a loan with an interest rate that stays the same until it’s completely repaid. This allows borrowers to budget more effectively. 
  • Variable-rate loans: Variable-rate loans have interest rates that can fluctuate throughout the repayment period. With that said, they provide more flexibility because lenders allow borrowers to make additional repayments if they wish. 
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Car Loans

Like with personal loans, secured, unsecured, fixed-rate and variable-rate loans are available for those who would like a loan to purchase a new car. When applying for a car loan, it’s important to consider the following:

  • How much money you require 
  • Interest rates 
  • Repayment fees 
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Frequently Asked Questions

  • How long does it take to get approved for a car loan?

    The answer to this question depends on a few factors, including the lender you choose and your credit history. However, the average time to get approved for a car loan is anywhere from 24-48 hours. If you have good credit, you may be able to get approved for a loan in as little as 24 hours. However, if you have bad credit, it may take longer to get approved.

  • What are balloon payments?

    A balloon payment is a lump sum payment made at the end of a loan's term. This payment is usually larger than the regular monthly payments and is used to pay off the loan’s remaining balance. Balloon payments are often used with mortgages, auto loans and other types of loans.

  • Why should I take out a personal loan from a broker?

    One reason is that a broker can help you find the best deal on a loan. They can also help you with the paperwork and make sure that you get the best possible terms for your loan. Additionally, a broker can offer you advice on how to use the loan money and how to repay the loan. Finally, a broker can help you keep your payments on time and avoid late fees.

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