Personal purchases
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is a personal loan?
Plain-English guidance so you can understand the product before deciding whether to proceed.
A personal loan is finance for eligible personal purposes, usually repaid over a fixed term. It may be secured or unsecured depending on the purpose, lender and applicant profile.
A broker can help explain what lenders commonly consider and whether the proposed loan purpose, amount and repayment structure are likely to fit lender requirements.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
Visual finance guidance
Clear guidance with relevant real-world scenarios
These examples show the types of situations, assets and documents that commonly shape the finance discussion.
Personal lending with clear guidance
Personal loans may support eligible personal purchases, consolidation or lifestyle needs where lender criteria are met.
Lifestyle and event finance
Wedding and lifestyle finance should be assessed carefully against income, commitments and repayment capacity.
Plan the repayment before applying
The right structure should be understandable, manageable and matched to the customer’s circumstances.
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Debt consolidation
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Lifestyle assets
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Unexpected expenses
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Vehicle or leisure finance where suitable
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Home or family needs
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Medical or dental costs where appropriate
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Travel or event costs where suitable
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Employees with regular income
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Self-employed applicants with income evidence
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers consolidating selected debts
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Applicants funding a personal purchase
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers comparing lender options
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
People seeking a clear application process
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Secured personal loan options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Unsecured personal loan options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Debt consolidation loan options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Vehicle or leisure finance where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Fixed repayment structures
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Employment status and income
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Existing debts and liabilities
This is one of the common factors lenders may review when assessing the application.
Repayment capacity
This is one of the common factors lenders may review when assessing the application.
Loan purpose
This is one of the common factors lenders may review when assessing the application.
Bank statement conduct where requested
This is one of the common factors lenders may review when assessing the application.
Loan amount and term
This is one of the common factors lenders may review when assessing the application.
Supporting documents
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- Income evidence
- Bank statements where requested
- Details of debts being consolidated
- Loan purpose information
- Existing loan or card statements
- Residential and employment details
- Any lender-specific documents
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Personal loans may be used for eligible personal purchases, debt consolidation or other approved purposes, subject to lender criteria.
Depending on the purpose and applicant profile, secured or unsecured options may be considered.
Debt consolidation may be considered where the lender assessment supports the loan purpose and repayment capacity.
Lenders commonly assess credit profile along with income, liabilities, conduct and repayment capacity.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.