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Rates For Borrowers
Symple’s Formula For Better Rates And A Better Experience
Here’s the reality. Competition in personal loans has been limited among traditional lenders in Australia. As a result, interest rates paid by credit-worthy customers are much higher than they should be.
By doing business online, and streamlining our processes, we’re able to keep our costs down. This allows us to offer market leading interest rates and to invest in things that make the loan experience better for our customers.
At Symple, our application assessment and underwriting process allows us to better understand the specific circumstances of each applicant and then offer interest rates and loan terms that are specific to you.
We reward customers who have the highest credit scores, with interest rates generally well below what most major banks offer. But that also means our rates may not be better for those with credit scores that are not quite as strong.
By using the Symple Loan Check My Rate feature, you’ll get a personalised indicative rate in just 2 minutes (and before you apply). You can then use that rate to compare against what others are offering, so that you get the best rate available.
Your application information and credit history are used to offer the best interest rate we can – starting at 5.75% to 25.99% p.a which are dependent on things such as your credit score and historical repayment history amongst other things.
A one-time charge based on and added to the loan amount when funds are deposited in your account.
0% to 5%
The loan interest rate, plus fees and charges which helps you compare and get the best rate.
6.47% to 29.20% p.a.**
Easy Process. Fast Decisions. Funded Next Business Day.
Don’t spend your entire day applying for a loan and then several more days or weeks waiting for approval and funding. Our fast and efficient digital loan application means that the money can be in your account the next business day.