Personal Loans
Why Choose Centrum?
More than 3,000 Australians trust us to finance their futures.
Strategic Approach
Most brokers focus on mortgages with the lowest rates and the fastest approvals.
Our approach combines a strategic approach with a long-term outlook – how will a loan support your life objectives today, tomorrow, and in ten years?
Client Advocacy
You deserve the opportunity to build your tomorrow – regardless of your credit score or financial history.
Our lending specialists act as your advocates, working to source financing that supports your dream.
Lender Diversity
A small lending panel can restrict your choice of mortgages.
We proudly partner with over 40 bank and non-bank lenders, giving you access to a genuinely diverse range of products.
Ongoing Assessments
Your repayments don’t stop after settlement – and neither does our relationship.
We conduct semi-annual portfolio reviews, which can help you access reduced repayments and better features.
We’re recognised by Australia’s largest aggregator and largest bank
What Can You Use a Personal Loan For?
Consolidate your existing debts
Fund travel and overseas trips
Improve your home or vehicles
Pay university, TAFE or school fees
Cover medical procedures or treatment
Have your dream wedding
Pay baby-related costs
Buy something special
Find Your Lending Scenario
Fixed-Rate Personal Loans
A fixed interest rate makes repayments more predictable. Find out how we can help you secure low-rate personal loans.
Variable-Rate Personal Loans
Secured Personal Loans
Using assets like your car as collateral can help you access lower rates and more favourable terms. Find out how our lending specialists can help.
Bad-Credit Personal Loans
PERSONAL LOANS FOR ALL YOUR BIG IDEAS
We will assess your eligibility and determine how much you can afford to borrow. We will also help you weigh your options regarding fixed-rate versus variable loans.
We will advise if you should get a secured or unsecured loan.
We have variety of potential lenders which we can match according to your specific needs and tailor fit to your financial goals.
Access financing designed for vehicles
Fund the purchase of your next car, motorbike, or watercraft with vehicle-specific financing.
Options include balloon payments up to 50% and discounted loans for EVs.
Frequently Asked Questions
Banks and online lending platforms can seem appealing, especially if you need a personal loan quickly. In most cases, though, they offer a limited set of loan products, which can make it difficult to find the best loan for your situation. They also typically have inflexible rates, requirements, and exclusions.
A mortgage broker, conversely, can help you access fully personalised loans, which may have lower rates or better features than out-of-the-box products. Most brokers also have diverse lending panels. At Centrum, for example, we work with more than 20 bank and non-bank lending partners, giving you access to a genuinely comprehensive range of options.
With the right broker advocating on your behalf, you’ll probably be able to access a personal loan. The one criterion that applies to all loans is that you must be over 18 years old.
Factors that can severely limit your loan options include:
- Being bankrupt
- Not having a source of income
- Having an extremely high debt-to-income (DTI) ratio.
A redraw facility is a feature that’s available for certain personal loans (including some of those offered by our lending partners). It’s an account connected to your loan account.
If you make additional repayments, they’re stored in your redraw facility and are then deducted from the principal, as a normal repayment would be, which reduces the amount of interest you’re charged.
Unlike standard repayments, though, funds in your redraw facility can be ‘redrawn’ if and when you need to use them. That functionality makes a redraw facility useful if you have additional income you can store in it.
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Expert Guidance
Industry Knowledge
Access loans from over 20 bank and non-bank lenders
Access loans from over 20 bank and non-bank lenders
