Our interest rates are often lower than what other lenders are offering and our Quick Quote feature gives you an indicative rate before you apply. You can have the money in your account the next business day.
A Personalised Loan up to $50K Made Easy
Reap the rewards of better borrowing
Earn up to 50,000 Qantas Points with Symple*
Up To 7 Years
Why Choose A Personal Loan
A personal loan allows you to borrow for almost any purpose, with a regular payment schedule. Unlike a mortgage or some car loans, collateral is not required and personal loans typically have lower interest rates than most credit cards.
With a personal loan from Symple, you can select a loan amount that fits within your budget. You’re able to set your repayment frequency (weekly, fortnightly, monthly) based on what works best for you and you’ll know exactly when your loan will be fully paid off. Using a personal loan to pay down other high-interest loans or credit card balances may even help improve your credit score over time.
- Borrow up to $50,000
- No security required
- Funding in as quick as 24 hours
- Lower rates and flexible repayment options
- No early repayment fees or charges
A Symple Loan For Almost Any Need
At Symple Loans, we allow you to tailor your loan to meet your individual situation. And the best part? It’s fast. Our online “Check My Rate” tool gives you an indicative interest rate up front in just 60 seconds, our application takes about 7 minutes to complete, and money can land in your account the very same business day.
Our quick and easy application process along with flexible terms of up to 7 years, no early repayment fees and market-leading interest rates is what set us apart.
Need some cash flow flexibility?
Whether your need is small or large, Symple offers unsecured personal loans from $5,000 to $50,000 to help you manage many different purposes at a rate and with terms that are customised for you.
Fast, Flexible & Fair Personal Loans
Symple Loan Eligibility
To qualify for a Symple loan you must:
- Be at least 18 yrs old
- Be employed and earning over $25,000 per year
- Be an Australian citizen, or permanent resident
- Have no record of prior bankruptcy
Symple Loan Rates & Fees
To 25.99% p.a.
To 29.20% p.a.**
The Loan Amount
What our Customers Say
Fast process and excellent rates. Worth checking out if you are after a personal loan and your credit rating is reasonable. Very easy online process with no hassles experienced at all.
Very smooth dealing and approval right from the start - email and phone messages were addressed practically straight away - rate was exact for my credit score.
Customer service was lovely and helpful and if I didn't understand something it was explained. I am happy with how fast they released my funds.
Such a simple process. Loan was approved within hours of sending appropriate documentation and money in account within 2 days! Would recommend to friends/family.
Super easy application process, approval was the same day and funds deposited the following day. Still amazed at how quick it was!
Whole process was very simple and easy to understand. Customer support seems to be great, and I would highly recommend Symple Loans.
The process was straight forward. When I had a question, it was answered promptly. Everything was quick and easy. The rate was good comparatively. No hidden costs.
I found Symple to be very professional and easy. Issues were quickly resolved, and everything moved quickly. I will absolutely use them again and recommend them to others.
Symple was easy to deal with. I needed funds to complete a renovation and the money was in my account within 48 hours after applying over a weekend.
Your Personal Loan Questions, Answered
You have plenty of options when selecting a personal loan, but comparing between companies, products features, and benefits can be overwhelming. Deciding on how much to borrow, choosing a fixed or variable loan, selecting the right term, and knowing what rate you’ll be offered are all things to consider which will depend upon your specific situation and financial goals.
When comparing lenders, it’s best to start with some research before committing. As a starting point, you’ll want to understand a lender’s eligibility criteria to know whether you qualify. Getting an interest rate quote before you apply should also be something to look for. This will allow you to shop around and ensure you get the best rate available. Understanding the various fees and charges that may apply is another important factor in determining what lender is the best fit for you.
Some additional questions to ask include:
- How long does the application process take?
- How quickly will the application be reviewed and decisioned?
- When will funds be transferred to your account?
Ultimately, the choice is up to you but know that there are a broad range of options available through both traditional banks and non-bank digital lenders like Symple Loans. Also, know that the key features of most lenders can also be compared on websites like Finder, Mozo, and RateCity among others.
Personal loan interest rates can vary greatly and generally range from 5.75% up to 25.99%. A combination of your financial information and credit history is what’s typically relied on to establish your loan rate and fees that may apply.
At Symple Loans, we use a variety of data points provided by the applicant (such as bank statement data, credit card balances, income, employment circumstances, and credit reports) to first assess eligibility and then offer the best rate possible. Customers with an excellent credit history are likely to qualify for an interest rate well below what’s typically offered by most banks.
In general, it’s usually the case that the better your credit score, the more likely you are to be offered a lower interest rate. Things such as past history of honouring financial commitments along with income and expense detail are factors that may be considered by a lender.
Symple Loans strives to offer the lowest interest rate possible to all our customers. Our rates start as low as 5.75% p.a. (Comparison Rate of 6.47% p.a.), can extend for up to 7 years and offer flexible repayment terms (i.e. no fees or charges for paying down your loan early) to ensure that you’re able to comfortably manage and pay down your loan over time.
When comparing the range of personal loans available, you may notice that there are two options offered: a secured loan and an unsecured loan. Which option is the least expensive, and which is best suited to your situation?
A secured personal loan is almost always less expensive and is tied to an asset like a cash deposit, a car, or a house, giving assurance to the lender that your payments will be met. In the event you cannot make payments, your lender will use your security in order to help meet your payment obligation.
An unsecured personal loan is not tied to any of your personal assets. In the event you are unable to make a payment, the lender can still hold you responsible for funds owed, but they will not have direct access to the asset that you’ve pledged as collateral. They will, however, work closely with you to ensure your debt can be repaid over time.
Choosing between a secured and an unsecured loan is entirely up to you; each product has its advantages and drawbacks. If you have a strong credit history, you may want to consider an unsecured loan, which will protect your personal assets in the event repayment becomes difficult. Since collateral is not required for an unsecured loan, it’s often the case that the application process will take less time to complete.
At Symple Loans, we only offer unsecured loans but know that that we take the time to fully assess your financial situation and do our very best to match you with the best rate available.
Applying is a quick and easy process with Symple Loans and can be completed 100% online. With a streamlined digital application and lightning-fast response time, our priority is to make funds available to you as soon as possible.
Some things to keep in mind when applying for a personal loan:
- Applicants must be at least 18 years of age
- Having a strong credit score is likely to increase the chances of being approved
- You’ll typically need to demonstrate a minimum and consistent income
- Being employed full-time will help in securing a good interest rate
- You’ll need some basic documentation on hand to help support your application
Symple Loans operates 100% online and uses a technology-driven lending model to keep costs down which allows us to pass that savings back to our customers in the form of lower rates.
Symple Loans FAQs
We’re so glad you’ve asked! Symple Loans is unique from traditional banks. We are a privately owned, digital lending company that’s has been built using modern lending technologies from around the world. Our leadership team brings years of local and international experience to the table and our friendly Melbourne-based customer service team is skilled and ready to help when the need arises. The company was launched in January 2019 and to date, have helped thousands of Australian consumers with their personal lending needs.
Our customers’ interests are at the very core of what we do and how we operate. When it comes to answering your questions, we want to communicate with you in a way that’s most convenient. Whether you wish to call, e-mail, or text, we’re happy to connect and answer any questions you may have in whatever way you prefer.
At Symple, we are exclusively focused on consumer, unsecured personal loans and our aim is to make the lending process as easy and hassle-free as possible. Our application has been engineered for speed – meaning that we’re able to get approved funds transferred in as little as 24 hours.
Symple’s variable rate loans range from 1 year to 7 years. Customers can borrow between $5,000 and $50,000 and repay it back at any time and without any penalty fees or charges.
The Symple Loans application process is fast. Tell us a bit about yourself and receive a personalised quote in as little as 2 minutes. Think our loan is a good match for you? Take the next step by completing our application process in less than 7 minutes. When you’re approved, we’ll initiate a funds transfer within 24 hours.
Great question! A personal loan can add flexibility to your lifestyle. Whether you are planning a wedding or holiday, making home improvements, or buying a new car, we are here to help you achieve your financial goals.
Personal loans are a common solution to pay off credit card debt or other high-interest rates loans. Our customers also often look to consolidate their balances into one loan with one monthly payment to help make things more manageable.
Life sometimes hits us with the unexpected. Whether you need help with medical or dental expenses, funeral costs, or family home expansion, Symple Loans can help you to deal with those upfront costs with funds available as soon as the very same business day.
You may use a Symple Loan for a variety of things, including:
- Credit card debt refinancing
- Debt consolidation
- Home renovations
- Motor vehicle purchase or repairs
- Health or dental care costs
- A wedding
- A honeymoon, family holiday, or other travel
- School fees or tuition
Keep in mind that a personal loan may not be used for:
- Deposits on a rental or investment property
- To fund your business
- Rental bond
- Bills or utilities
- Any illegal purposes
Absolutely! With Symple, you may pay off your loan at any time, without any fees or penalties. You are also welcome to make additional payments as you wish. While some lenders tie strict payoff rules and minimum terms to their loan products, Symple Loans gives you the flexibility to pay at your own pace.
Hunting down the proper documents for a loan application can be a slow and stressful process. Symple keeps things … well, simple. Save the time and energy of collecting paper files; safely and securely permit us to have 1-time access to your digital banking statements to your online banking account. Prefer to upload your information separately? We also accept uploaded banking statements or other income verification documents, if you prefer.
To ensure a speedy application process, be sure to have a form of identification available. A driver’s license, passport, or Medicare ID will work.
Symple Loans personal loan rates range from 5.75% to 25.99% per annum (Comparison Rate of 6.47% to 29.20%). We’ll take a look at your credit score and history; we’ll also take into account your income and liabilities among other things. The stronger your credit track record, the more likely you are to be offered a competitive rate.
In a few short minutes, you can check your rate eligibility on our website 24 hours per day, 7 days pers week. Checking your rate will not impact your credit score.