Approval requirements, credit reports, repayment and fee calculations, quote comparisons and early payout examples with the arithmetic shown.
Lenders decide on numbers: your income, your living expenses, your existing debts and what your credit report shows. These guides walk through the same numbers with illustrative figures so you can test a personal loan before you apply and before a hard enquiry lands on your credit file.
The approval requirements guide is the starting point. From there, check how credit scores and comprehensive credit reporting work, work through repayments on a typical personal loan, see how fees change the true cost compared with the rate, compare three personal loan quotes, estimate how much you may be able to borrow, and decide whether paying the loan off early saves money.
The calculators use the same formulas as the examples. Every figure in an example is illustrative; replace it with your own numbers and the lender's written offer.
Worked Examples and Checklists
A step-by-step comparison of three illustrative personal loan quotes for $18,000 over four years, including fees, fixed vs variable and an early payout scenario that changes the winner.
Worked Examples and Checklists
How comprehensive credit reporting works in Australia, what is on your credit report and for how long, free reports every three months, scores from Equifax and Experian, and fixing errors.
Worked Examples and Checklists
A worked example showing how establishment and monthly fees change the true cost of a personal loan, why the result flips between small and large loans, and how to do the sum yourself.
Worked Examples and Checklists
How Australian lenders estimate the maximum personal loan you can afford, with an illustrative budget, the reverse repayment formula and the factors that raise or lower your limit.
Worked Examples and Checklists
How much you save by paying off an Australian personal loan early, worked examples of extra repayments and a lump sum, how early repayment fees work and how to get a payout figure.
Worked Examples and Checklists
The eligibility criteria, documents and checks Australian lenders use to approve a personal loan, with an illustrative affordability assessment and steps to improve your chances.
Worked Examples and Checklists
How Australian personal loan repayments are calculated, with a $20,000 worked example over three, five and seven years, a year-by-year balance table and the effect of rate changes.
