Understanding how personal loans work – and how MitchMarket Finance can help
Get the facts on personal loans in Australia–types, benefits, and how to apply with MitchMarket Finance.
The Fridge broke. The wedding date’s set. The car won’t start–and the repair bill is bigger than expected. Life does not always give you time to plan, but having access to the right finance options can make all the difference.
That’s where personal loans comes in. Designed to cover life’s planned (and unplanned) expenses, they offer a simple way to borrow what you need and pay it back in manageable steps.
At MitchMarket Finance, we believe finance should be fast, flexible, and stress-free.
Types of Personal Loans: Secured vs Unsecured
Secured vs Unsecured Personal Loans
There are two main types of personal loans:
- Secured Loans:
- Backed by an asset like a car, secured loans often come with lower interest rates and greater borrowing power.
- Unsecured Loans:
- No asset is required here. These loans are ideal for quick, flexible access to funds–though rates may slightly higher.
Learn More: 🔗Secured vs Unsecured Loans
Why choose a Personal Loan?
- Predictable repayments – Fixed interest rates make it easy to budget.
- Fast access to funds – Get approved quickly when time matters.
- Tailored terms – Choose a repayment plan that fits your goals.
- Build your credit – Responsible borrowing can improve your credit score.
- Preserve your savings – Keep cash reserves intact for emergencies or opportunities.
When you might need a Personal Loan?
A personal loan could be the right fit for:
- Medical expenses
- Home renovations
- Car repairs
- Relocation costs
- Weddings
- Debt consolidation
Why MitchMarket Finance?
Your goal. Our guidance. Real result.
- Trusted name -🔗backed by MitchCap, a leading non-bank financier working with over 750 dealers across Australia, and a panel of 30+ lenders
- Reliable support – We’re here to help you every step of the way
- Competitive rates – providing lower rates mean you get to pay less over the course of your loan
- Fast approvals – Same-day approvals in many cases
- Tailored packages – Options built to suit your needs and lifestyle
How to apply
We keep it simple.
No Jargon, no confusion–just clear options and fast support.
Start your application online today: 🔗Apply Now
Helpful Resources
- Loan Calculator – 🔗See what your repayments might look like
- FAQs – Got Questions? 🔗We’ve got answers
- Contact us on 1300 081 315
