The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.
The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.
The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.
Estimated Repayments
Weekly
$17
Fortnightly
$34
Monthly
$75
WHAT MAKES US MAGIC
Personal Loan Wizard: Explained.
It’s Magic
We know that finances can sometimes be thrown off track and you may need a helping hand to find the way back. When trying to fix your finances, you may find yourself optimistic at the start, however, soon find yourself tangled in trips to the bank, endless phone calls and mountains of paperwork. That’s where the magic comes in. Our lender finding service free of paperwork and pointless, time wasting exercises. Personal loans come in all shapes and sizes. You may be searching for personal loans for bad credit, or even unsecured personal loans. Whatever it is you’re searching for, we want to help you find it.
Always Online
Our loan service is 100% online. We have designed our online system to be as convenient as possible for you. Just type the words, and we’ll appear, like magic! (don’t worry, it’s just the power of the internet). Whether you’re a jet-setter or homeworker, our loan application is available at the touch of a button. We want our service to suit all your needs, both financial and time-saving. When the washing machine breaks down, just as the kids ask for new school shoes, and your furry friend happens to swallow a battery, you need a service that is ready when you need it.
Friendly Wizard
We may be 100% online, however, that doesn’t mean we’re not available for a chat. If you have any questions regarding our service, don’t hesitate to contact our loan wizards via our website. We look forward to solving problems and answering questions; it’s what we do best! When you’re in need of a friendly helping hand, the last thing you want is to be waiting at the end of a phone line. So, pop us a quick message and get back to what you do best, whilst we work our magic.
Fast and Easy
It’s a fact. Applying for personal loans doesn’t have to be tricky and fraught with complications and roadblocks. Skip the paperwork and embrace a stress-free loan experience. Our application is easy and stress-free. After you complete your application, we’ll use our magic to refer you to a lender. That’s it! No research or wasted hours spent on hold to traditional lenders. We understand that time is money which is why we want to save yours!
Wait, want to know if you qualify for a personal loan?
Before you apply, you must:
Be 18 years old
Have an active mobile number and email address
Receive a regular income into a personal bank account for at least 90 days
You may notice that we don’t require our applicants to have good credit. We also accept applications from people who are receiving Centrelink payments. The lenders that we work with will look at your past and present finances to ensure you can afford the loan you are applying for.
LOAN COSTS
How much do personal loans cost?
Let’s talk costs. Personal loan costs. This is what you can expect to pay. However, the official cost of your loan will be determined by the lender that we refer you to.
Small Personal Loan Costs
| Loan amount: | $300 - $2,000 |
| Cost: | 20% Establishment fee and 4% monthly fee (Comparison rate 199.43%) based on $1000 repaid over 6 months. |
| Representative Example: | Loan amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly instalments of $57.60. Maximum charges: 20% Establishment Fee & 4% Monthly Fee. In comparison rate terms, the maximum comparison rate may be as high as 199.43%. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower's credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary. |
Medium Personal Loan Costs
| Loan amount: | $2,001 - $5,000 |
| Cost: | Maximum charges: 48% interest rate and a $400 establishment fee (Comparison rate 66.07%) based on $2,500 repaid over 24 months. |
| Representative Example: | Loan amount of $2500 over 24 months repayable monthly (24 monthly repayments). $2,500 (Principle Amount) + $400 (Establishment Fee) + $1,664.80 (reducing interest) = $4,564.80 total repayable over 24 months with monthly instalments of $190.20. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower's credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary. |
Large Personal Loan Costs
| Loan amount: | $5,001 + |
| Costs: | 48% comparison rate based on $10,000 repaid over 36 months. |
| Representative Example: | $10,000 borrowed over 36 months repayable monthly (36 monthly repayments). $10,000 (Principle Amount) + $9,038.96 (reducing interest) = $19,038.96 total repayable over 36 months with monthly instalments of $528.86. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower's credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary. |
Just like Magic. The lender finding service for you!
Put your trusts in our lender finding wizards to find the lender you’re looking for!