Nowadays, looking for a personal loan in Australia is not difficult. Because there are a lot of lenders providing online loans. Therefore, in some steps, customers can get the money very easy and use the loans in any purpose. This post guides you get the WisR personal loans in three steps.

Wisr personal loans
WisR personal loans do not have annual fees or early repayment fees

In the previous post, introduces people to some of the necessary information that is useful for getting the Now Finance personal loans, to get more information people can read the article Four steps to register Now Finance personal loans. Now, let find knowledge about loans of WisR in the post today.


Just like a lot of article posts about the personal loans in Australia, as well as each type of loans such as Latitude Financial personal loans, Harmoney personal loans, 360 Finance personal loans…. this post about the WisR loans also includes some main parts. They are:

1. Some requirements to apply for WisR loans

  • Have a job and have a total income of over $ 30,000.
  • Must be 18 years or older.
  • Must not have defaulted in the last five years.
  • There must be no bankruptcy in the last seven years.
  • Not currently having financial difficulties.
  • Must be a resident Australian citizen currently residing in Australia.

Some documents you will be asked to provide are:

  • Your driver’s license number.
  • Payslips show your income.
  • Your current assets and liabilities situation.

Some benefits of personal loans of WisR:

  • Borrowed for any purpose
  • Security may be required for certain loan purposes
  • Fixed interest rate from 8.50% p.a. (3 year period) Corrected from 8.50% p.a. (5 year term)
  • Comparison rate From 12.48% p.a. ($ 10,000 in 3 years) From 9.34% p.a. ($ 30,000 for 5 years)
  • Pay via monthly Direct Debit
  • Monthly fixed payment amount
  • There are no early repayment fees or exit fees
  • No annual fee. Interest is calculated daily
  • Debt repayment period of 3 or 5 years

2. Some steps to apply for loans of WisR loans

Step 1: Fast online application. WisR’s security registration process is completely online, very automated and easy to use so you can save time. This step is about 5-10 minutes.

Step 2: Evaluate the application. When WisR has a client application, one of WisR’s friendly team members will review and contact the customer to discuss the next steps. This step is about 1 – 24 hours.

Step 3: Transfer money. After all documents are signed, WisR will transfer customer money on the same business day. It’s easy and about 24 – 48 hours.

Wisr personal loans
WisR personal loans do not have annual fees or early repayment fees

3. The interest rate and fees of WisR loans

The loan term is from 3 years or 5 years

You can borrow at least $ 5,000 and up to $ 50,000.

Personal interest rate. The rate you receive from your loan will vary depending on your credit score. If you are a diamond band, you get 8.5% p.a. with different comparison rates depending on the loan term.

Security is sometimes necessary. If you have poor credit or WisR credit rating considers your application to be a risk, you will need to provide security for assets purchased with a loan.

Installment. WisR provides monthly payments directly debited from your designated bank account.

There are no annual fees, exit fees or early repayment fees.

Early repayment without penalty. You can repay the entire loan early at no extra charge.

Product Name WisR Personal Loan
Interest Rate (p.a.) From 8.5% (variable)
Comparison Rate (p.a.) 9.36%
Interest Rate Type Variable
Min Loan Amount $5,000
Max. Loan Amount $50,000

EXAMPLE: With a personal loan of $30,000 of WisR

  • Borrowed for 3 years
  • The interest rate of 8.5%pa 
  • Establishment fee: $0
  • Monthly service fee: $0
  • The total amount payable of $30,250

This post is about loans of Wisr. We provide this information to offer you some of the necessary information that is useful for getting loans from Wisr. Also if you are looking for information about the personal loans from CUA, please refer to the CUA personal loans link we just provided in the previous article.

Anita (Team Content) – WisR personal loans