Compare Liberty Personal Loans

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on June 30, 2022 Fact Checked
Compare Liberty Personal Loans

Providing loans with personalised attention, Liberty offers an alternative personal loan solution to the big-four banks.

Since entering the fray in 1997, non-bank lender Liberty specialises in consumer loans, offering a number of products from home loans and personal loans, to business and commercial loans. Liberty has helped over 600,000 Australians by advancing over $40 billion in funds.

Liberty Personal Loans

Liberty offers a single unsecured personal loan product with a fixed interest rate for amounts from $5,000 to $80,000 for a number of uses, including:

  • Debt consolidation

  • Home renovations

  • Holidays

  • Wedding costs

  • Medical bills

  • Education fees

  • Motor vehicles


Check out some of Liberty’s personal loan offerings below.

Lender

FixedUnsecuredN/AMore details
FUNDING WITHIN 24 HOURS
  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees
FUNDING WITHIN 24 HOURS

Liberty Personal Loan (Excellent Credit History)

  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees
FixedUnsecuredN/AMore details
  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees

Liberty Personal Loan (Very Good Credit History)

  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees
FixedUnsecuredN/AMore details
  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees

Liberty Personal Loan (Good Credit History)

  • 2-min rate estimate
  • Flexible repayments
  • No monthly, ongoing or early repayment fees

*Comparison rates based on a loan of $30,000 for a five-year loan term. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate, Rates correct as of August 11, 2022. View disclaimer.


Liberty Personal Loan Features

Personalised interest rates

Liberty offers personalised interest rates, meaning borrowers will receive interest rates tailored to their current financial circumstances depending on factors including credit history, credit score, employment status, cash flow and loan amount. Borrowers deemed to be low risk with a good credit score and history can expect a lower interest rate relative to other types of borrowers.

Read more: Guide to risk-based personal loans

Flexible repayments

Liberty personal loans can be repaid weekly, fortnightly or monthly with terms from three years to seven years. Regardless of whether repayments are made weekly, fortnightly or monthly, the due date is always a month after the loan is established - referred to as the anniversary date.

Fee-free

Aside from a loan establishment fee ranging from 0% to 5.5% of the loan amount depending on your assessed risk, Liberty does not charge any ongoing, early repayment, early termination or discharge fees.

Digital process

Applying for a Liberty personal loan is a straightforward online process, from an online application with two minute estimate to decision in one to two business days.

Am I eligible?

To be eligible for a Liberty personal loan, the following requirements must be met:

  • Applicants must be over the age of 18.

  • Applicants must be an Australian citizen or permanent resident.

  • Applicants need to be employed and earn a minimum of $20,000 per year (the majority of your income cannot be from Government benefits) to be eligible.

  • Applicants must have good credit history.

  • Applicants must must use the loan for personal use only.

What do I need to provide to receive a Liberty personal loan?

To determine your personal loan rate and to be successful in your application for a Liberty personal loan, you may need to supply the following information and documents:

  • Personal details including name, address and date of birth.

  • Drivers licence, Passport details and/or Medicare card details.

  • Proof of your address - for example, a utility bill.

  • Proof of your income in the form of payslips and bank statements.

  • Details about your day-to-day expenses.

  • List of current assets and debts.


Image by Green Chameleon via Unsplash

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Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

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