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.
