Personal Loans

Strapped for Cash? Get a Low Rate Personal Loan to help get you through

Rated 5 from 211 Reviews

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Whether it's a wedding, holiday, travel or an unexpected emergency, we're here to help

At Picker Financial Solutions, we understand that life’s significant moments often require financial support. Whether you’re planning a wedding, embarking on a holiday, or facing an unexpected emergency, accessing personal loan options from banks and lenders across Australia can be an ideal solution. Our expertise in finance and mortgage broking ensures that you not only find the right loan but also navigate the complexities of the application process with ease.

When considering a personal loan, it is crucial to understand how the interest rate affects your overall repayments. Interest rates can vary significantly between lenders and are influenced by several factors, including your credit history and financial situation. Our team at Picker Financial Solutions works diligently to find competitive interest rates tailored to your needs, ensuring your loan remains manageable throughout its term.

The loan amount you can borrow is another essential consideration. This will depend on your income, existing debts, and overall financial health. We assist you in determining a suitable loan amount that aligns with your capacity to repay, avoiding unnecessary financial strain. By evaluating your financial situation comprehensively, we ensure that the personal loan supports your goals without compromising your financial stability.

Applying for a personal loan can seem daunting, but with our streamlined application process, it becomes straightforward and stress-free. We help you gather the necessary documentation and guide you through each step of the personal loan application. Understanding the requirements – such as proof of income, credit history, and genuine savings – is vital for a successful application. Our experienced brokers are here to clarify these requirements and enhance your chances of approval.

Calculating personal loan repayments is an integral part of planning your finances. Knowing how much you will need to pay monthly helps you budget effectively and avoid surprises. We provide detailed repayment schedules based on various interest rates and loan terms, giving you a clear picture of your financial commitments. This transparency allows you to make informed decisions and choose a loan structure that suits your lifestyle.

For those looking to grow their wealth through property investment, personal loans can provide the necessary funds for deposits or renovations. They offer flexibility compared to traditional mortgage products, allowing you to seize investment opportunities as they arise. Picker Financial Solutions is dedicated to helping you leverage personal loans to enhance your property portfolio and achieve your investment goals.

In summary, accessing personal loan options from banks and lenders across Australia can be a practical way to finance life’s important events or invest in property. By understanding the impact of interest rates, determining a suitable loan amount based on your financial situation, and navigating the application process with expert guidance, you can secure a loan that meets your needs. At Picker Financial Solutions, we are committed to making this journey as smooth as possible. Contact us today to explore your personal loan options and take the next step towards financial security and growth.

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SS

Sarah Stokes

Steve from PFS is a delight to work with and makes things easy to understand.

NL

Nathan Lomas

Don't even think about using another broker. The Picker team are the GOATS!

CB

Chad Barling

Been great help, quick and easy process in buying my first investment property

Frequently Asked Questions

How much can you afford?

The first thing we will do is work out your borrowing potential. You may have a dream home in mind but first you need to know if you can afford it. There are many factors that will influence your decision around what to buy and where – proximity to work and family and your stage of life are just a few – but the single biggest decider is nearly always what you can afford. It’s really a case of looking at the big picture and working your way back from there. Consider your household income and what you realistically can afford in loan repayments, taking into account all of your expenses (even coffees and lunches). As a guide a mortgage calculator can be a great place to start, but it won’t take into account all of your personal circumstances or eligibility for a loan. Talking to us will give you a much more accurate idea of what you can afford. We can look to obtain pre approval from a lender so you can put an offer on a home when you find the one you like. Of course, even with a pre approval a subject to finance clause is an important protection.

Why not go straight to a bank?

Of course you can go to a bank, but this can be trickier than it sounds. Firstly, which one do you choose? Which of their products is right for you? And what about other lenders, building societies and credit unions? Australia is indeed the lucky country. We are blessed for choice when it comes to the amount of competition that exists when it comes to the mortgage market. With so many lenders, and so many products under each of their brands, it’s important you make the most of this regarding who and what you choose when it comes to your home loan. There are a lot of options out there and, with regularly moving interest rates and new products, it’s an ever-changing market. And let’s not forget that if you’re a first homebuyer, you’re probably very new to this. That’s why a broker makes sense. We do this everyday. We know the lenders, their products and policies and we keep up-to-date with changes. We help choose what’s right for you. Banks enjoy working with brokers, as we do a lot of the banks’ work for them and making their jobs much easier and may help speed up the application process and get you the top-notch customer service you deserve. In the simplest terms, having a broker in your corner makes finding the right loan easier and can save you time and, hopefully, money.

Do you know how well your current loan stacks up?

Things change, and chances are since you got your home loan interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New products designed to attract borrowers are always being introduced, and lending appetites are an ever moving feast. Let’s not forget that things have probably changed in your life too since you took out the mortgage. Your income may have changed, and your expenses probably have too - your financial goals could also be different. Even though most loans are around 30 years in length, you may be surprised to hear that Australians often change their home loan every 4-5 years as they refinance. Refinancing is a chance to look at what’s out there and to check to see whether your current loan is still the right one for you. If it’s not, it may be time to refinance. If you are looking to switch, this guide contains some of the key things you may want to consider.

Why do people invest in property?

Over the last few decades, the values of some properties have often risen more than the rate of inflation. Some say property ownership is a national obsession, with affordability issues, house prices, and interest rate movements constantly in the news. Apart from a common general understanding of the market, there are other reasons people like to invest in property. Some common ones being the potential for capital growth (how much the property rises in value over time), return from rent, and tax benefits. You’ll find more about these over the next few pages. Another plus is you don’t need to be a long time investor with lots of funds on hand to start investing. If you already own a home that’s increased in value, you can potentially unlock this equity to help purchase another property. Or, if you’ve yet to buy your own home you can use the rent to help pay the mortgage on an investment property and get a start in the market.

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