- Liberty Financial is an ASX-listed company specialising in consumer loans, including personal loans
- It customises interest rates according to borrowers' individual financial circumstances
- Customers assessed as lower-risk borrowers can expect to receive lower interest rates
What is Liberty Financial?
Non-bank lender Liberty entered the market in 1997, providing consumer loans to those outside more traditional lending parameters.
The company began as a niche mortgage provider but has since grown into a diversified financial services group, operating in Australia and New Zealand, and offering:
- home loans
- car loans
- personal loans
- business and commercial loans
- SMSF loans
In 2019, Liberty attained international B Corp certification, recognising its social and environmental performance, with a focus on its financial inclusion principles.
Liberty listed on the Australian Stock Exchange in 2020 and to date, has serviced nearly one million customers, writing around $30 billion in loans (as at February 2026).
Liberty Personal Loans
Liberty offers both secured and unsecured personal loans for amounts ranging from $5,000 to $80,000 for a number of uses, including:
medical bills
education fees
motor vehicles
Loan terms are either three, five, or seven years.
Liberty personal loan interest rates
Liberty Financial sets its interest rates according to borrowers' individual financial circumstances. Here's a selection of Liberty's current rates:
| Lender | Car Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Interest Type | Secured Type | Early Exit Fee | Ongoing Fee | Upfront Fee | Total Repayment | Early Repayment | Instant Approval | Online Application | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.67% p.a. | 6.10% p.a. | $605 | Fixed | Secured | $0 | $0 | $310 | $21,796 | |||||||||||
5.67% p.a. | 6.10% p.a. | $605 | Fixed | Secured | $0 | $0 | $310 | $21,796 | |||||||||||
5.67% p.a. | 6.10% p.a. | $605 | Fixed | Secured | $0 | $0 | $310 | $21,796 | |||||||||||
6.30% p.a. | 6.30% p.a. | $611 | Fixed | Unsecured | $0 | $0 | $950 | $22,002 | |||||||||||
6.30% p.a. | 6.30% p.a. | $611 | Fixed | Unsecured | $0 | $0 | $950 | $22,002 | |||||||||||
6.30% p.a. | 6.30% p.a. | $611 | Fixed | Unsecured | $0 | $0 | $950 | $22,002 | |||||||||||
8.99% p.a. | 10.65% p.a. | $636 | Fixed | Secured | $0 | $10 | $0 | $22,892 | |||||||||||
8.99% p.a. | 10.65% p.a. | $636 | Fixed | Secured | $0 | $10 | $0 | $22,892 | |||||||||||
8.99% p.a. | 10.65% p.a. | $636 | Fixed | Secured | $0 | $10 | $0 | $22,892 | |||||||||||
8.99% p.a. | 10.65% p.a. | $636 | Fixed | Secured | $0 | $10 | $0 | $22,892 |
Prospective borrowers can check their likely interest rate via an online tool without affecting their credit score.
Liberty Personal Loan Features
Personalised interest rates
Liberty offers customised interest rates tailored to borrowers' current financial circumstances, taking into account their credit history, employment status, cash flow, and loan size.
Borrowers assessed as low risk with a good credit score and history can expect a lower interest rate.
See also: Guide to risk-based personal loans
Flexible repayments
Liberty personal loans can be repaid weekly, fortnightly, or monthly.
Fee-free
Liberty does not charge any ongoing, early repayments, early termination, or discharge fees but may charge a loan establishment fee ranging from 0% to 5.5% of the loan amount, depending on the loan type and your assessed risk. (See more on fees below.)
Digital process
Applying for a Liberty personal loan is a 100% online process. An interest rate estimate takes around two minutes while loan decisions generally take one to two business days.
Pros & Cons of Liberty loans
Pros
- Flexibility: Liberty offers funds for diverse purposes, the option of secured or unsecured loans, and a choice of loan terms
- Personalised interest rates: Borrowers assessed as low risk will be offered a lower interest rate
- Fast turnaround: Applications are 100% online, taking around 10 minutes to submit, with same-day funds available if loan offers are accepted before 3 pm
- Accessible to those with lower credit: Liberty caters for a range of credit profiles and may offer lower interest rates than many credit cards
- No ongoing fees or early repayment penalties
Cons
- Higher interest rates for poorer credit scores: This can also be the case for those opting for unsecured loans over secured loans
- Some loans may come with higher establishment fees: This will depend on the loan type and the borrower's circumstances
- Dishonour fees and default administration fees: These may apply on late or missed repayments (see more on fees below)
Liberty loan fees
Application fees
Liberty may charge a non-refundable establishment fee when a loan is drawn down. It covers the cost of assessment and verification services and, like the loan's interest rate, is also personalised.
At the time of writing, an unsecured loan fee can range from 0% to 5.5% of the loan amount, capped at $950.
For a secured loan, the establishment fee ranges from $310 to $1,010, depending on risk level. It also covers the cost of a registry search to verify a vehicle and register a security interest in it with the Australian Financial Services Authority.
The establishment fee is added to the loan amount then automatically deducted when the funds are disbursed.
Late fees
A $10 dishonour fee is payable each time a payment is dishonoured while a $25 fee is payable when the loan is in default or arrears (at the time of writing).
Am I eligible?
To be eligible for a Liberty personal loan, applicants must:
apply individually (no joint applicants)
be over the age of 18
be an Australian citizen or permanent resident. and currently residing in Australia
be employed and earning a minimum of $20,000 per year (the majority of your income cannot be from government benefits)
not have any outstanding defaults
- not have any court judgements, writs, or bankruptcies
- not currently in collections for any existing debts
- have no more than three active paydays loans at the time of application
must use the loan for personal use only (not take it out on behalf of another person)
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 income in the form of payslips and bank statements
Details of day-to-day expenses
Details of current assets and debts
For the self-employed
- You must have been trading for at least two years
- You must provide the previous financial year's tax return that shows income has been paid to you from your business and the notice of assessment
- You must be borrowing for predominantly personal or personal investment purposes