Personal Loans
Strapped for Cash? Get a Low Rate Personal Loan to help get you through
Rated 5 from 552 Reviews
Strapped for Cash? Get a Low Rate Personal Loan to help get you through
Rated 5 from 552 Reviews
Personal Loans are a popular product that provide you with access to funds for various personal expenses. Whether it's for a wedding, home improvements, travel, debt consolidation, or unexpected emergencies, Personal Loans offer a flexible way to obtain a funds in a short amount of time. Personal Loans are also typically unsecured, meaning you don't need to provide collateral, such as a property or car, to secure the loan.
Personal Loans also come with fixed or variable interest rates. Fixed-rate Personal Loans offer the advantage of predictable repayments throughout the loan term, providing borrowers with certainty about their financial commitments. On the other hand, variable-rate Personal Loans may have fluctuating interest rates based on market conditions, which could result in changes to the repayment amount over time. We can help choose the right personal loan for you as well as find the best interest rate on the market.
We're a proud member of the Finance Brokers Association of Australia and can help with Personal Loans right across Australia. If you're looking to get a Personal Loan, we have the expertise and experience to guide you through the process and make the right choice.
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Linda Edwards
Lidija and Justin helped us to refinance our home and investment property, and also arranged pre-approval for a construction loan. At every step they went above and beyond to find us the best option and to communicate with us. We trusted them to find us the best deal and we're really happy with our new financial arrangements. I would highly recommend Lidija and the team at Olleh!
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Kyle Frisina
Excellent to deal with. Very knowledgeable, experienced and honest. Would use again for sure.
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Penny Protheroe
John is always friendly, so easy to speak with and shows genuine interest and understanding of the proposed project. Very responsive to requests. He is very knowledgeable, shares ideas and possibilities I had never thought of! Would highly recommend.
The most common terms for Asset and Equipment Finance are between 12 months to 60 months. This does vary if the cost of the asset is particularly high and therefore loan terms can stretch to 10 years but this is relatively uncommon.
In simple terms, it's usually not a good idea. Even though it puts the contract ahead of the planned repayments, it's unlikely to bring any tax benefits. Also, you can't get back advance payments, like you can with a home loan. And if there's a Direct Debit set up, it might not take out more payments until the contract is due again.
A balloon payment refers to a large lump sum payment that is typically made at the end of a loan term. It is commonly associated with loans such as mortgages or car loans. Unlike regular loan payments, which are spread out evenly over the loan term, a balloon payment is much larger and is often necessary to fully pay off the remaining balance of the loan.
Balloon payments are typically used in situations where the borrower wants lower monthly payments throughout the term of the loan, with the understanding that they will need to make a significant final payment. This can be advantageous for borrowers who expect their financial situation to improve over time or who plan to sell the asset before the balloon payment comes due.
However, balloon payments also come with risks. If the borrower is unable to make the balloon payment when it is due, they may be forced to refinance the loan or sell the asset to cover the outstanding balance. Additionally, balloon payments can make it more difficult for borrowers to budget effectively, as they must plan for the large payment at the end of the loan term.
A balloon payment refers to a large lump sum payment that is typically made at the end of a loan term. It is commonly associated with loans such as mortgages or car loans. Unlike regular loan payments, which are spread out evenly over the loan term, a balloon payment is much larger and is often necessary to fully pay off the remaining balance of the loan.
Balloon payments are typically used in situations where the borrower wants lower monthly payments throughout the term of the loan, with the understanding that they will need to make a significant final payment. This can be advantageous for borrowers who expect their financial situation to improve over time or who plan to sell the asset before the balloon payment comes due.
However, balloon payments also come with risks. If the borrower is unable to make the balloon payment when it is due, they may be forced to refinance the loan or sell the asset to cover the outstanding balance. Additionally, balloon payments can make it more difficult for borrowers to budget effectively, as they must plan for the large payment at the end of the loan term.
Generally speaking, it takes days from the application to approval to settlement. This can very with the complexity of any deal and we recommend to speak with us to get an indication.
The most common terms for Asset and Equipment Finance are between 12 months to 60 months. This does vary if the cost of the asset is particularly high and therefore loan terms can stretch to 10 years but this is relatively uncommon.
Olleh Asset and Equipment Finance ABN: 39 675 822 232, Olleh Asset and Equipment Pty Ltd ABN: 39 675 822 232 is an authorised credit representative (ACR # 557447) of Fintelligence Pty Ltd (Australian Credit Licence #511803)..
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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