Frequently Asked Questions

What could a Personal Loan cost?

As an example, if you borrow $3,000 over 2 years at 16.99% p.a. with fortnightly payments of $77.45, your total interest cost will be around $597.20. An establishment fee of $195 has been included in the calaulation.

Who can apply for finance through 1Loan?

You must be at least 18 years of age and have a good credit record.

I have Bad Credit, can I still get a loan

To keep cost as low as possble for customers we only lend to persons with a good credit rating.

I have an existing personal loan. Can I switch to 1Loan?

Yes, as long as your application satisfies all of our normal lending criteria you can switch your loan, or consolidate more than one existing loan, with 1Loan.