Finty

Wisr Unsecured Personal Loan

UnsecuredFixed rate

Get a rate based on credit score. Choose 3, 5 or 7 years. Repay weekly, fortnightly or monthly.

Written byDavid Boyd
Interest rate a year, from
7.59%
Comparison rate, from
8.50%
Establishment fee
$795
Monthly fee
None
Borrow
$5,000 to $62,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 7.59%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$623
Total repayments
$22,426
Interest
$2,426

Loan details

Rates

Interest rate (a year)
7.59%–24.59%
Comparison rate (a year)
8.50%–25.44%
Rate type
Fixed
Security
Unsecured

Limits and fees

Loan amount
$5,000 to $62,000
Loan term
3 years to 7 years
Establishment fee
$795
Monthly fee
None

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

8.50%

From 8.50%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$4,892

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$795

A typical setup fee is $213.

Monthly fee

None

A typical monthly fee is $10.

Most you can borrow

$62,000

Typically you can borrow up to $50,000.

Longest term

7 years

7 years is the usual longest term.

Pros and cons

Pros

  • No monthly fee. The cost doesn't creep up the longer you take to repay.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • A soft check on your rate. You can see the rate you'd get without it showing on your credit report.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.59% to 24.59%, and only some people get the starting rate.
  • A higher setup fee. $795, above the typical $213. It's usually added to the loan, so you pay interest on it too.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.