Personal Loans
A new Way to your Personal Goals
Whether you’re stepping into the property market for the first time, planning to upgrade, looking to invest, or build your dream home, we’re here to guide you every step of the way. We take the time to understand your goals and tailor home loan solutions that suit your individual circumstances.
We work with a wide range of lenders to find the right loan for you, whether it’s a standard home loan, a flexible construction loan, or a strategic investment option. Our aim is to make the process simple, stress-free, and successful, turning your property plans into reality.
A new Way to your Personal Goals
Whether you’re planning a dream holiday, buying a new car, furnishing your home, or consolidating existing debts, a personal loan can help you achieve your goals with ease. We take the stress out of finding the right solution by offering expert guidance and tailored advice.
With access to a wide range of lenders and deep knowledge of the lending landscape, we work to secure loans that match your individual needs, with competitive rates and flexible repayment options. From understanding the difference between secured and unsecured loans to finding the facility that best fits your circumstances, we’re here every step of the way.
Finance That Fits Your Life
What is a personal loan?
A personal loan is a short to medium-term loan that provides funds for a variety of personal needs, such as home improvements, car purchases, debt consolidation, or special occasions. Unlike a mortgage, it can be secured or unsecured and does not require property as collateral, making it accessible for many borrowers.
How much can I borrow with a personal loan?
The amount you can borrow depends on your financial situation, income, and credit history. Most lenders offer loans ranging from a few thousand dollars up to $100,000 or more, with terms tailored to your repayment ability.
What is the typical repayment term for a personal loan?
Personal loans generally have repayment terms between 1 and 7 years, depending on the lender and loan type. Shorter terms may mean higher repayments but lower total interest, while longer terms reduce monthly payments but increase the overall cost of the loan.
What is the difference between secured and unsecured personal loans?
A secured personal loan is backed by an asset, such as your car or property, which may allow for lower interest rates and higher borrowing limits. Unsecured loans do not require collateral but typically have slightly higher interest rates, as the lender assumes more risk.
How quickly can I access funds after approval?
Depending on the lender and your application, funds from a personal loan can be available within 24 to 48 hours, and sometimes even on the same day. Quick approval and disbursement help you move forward without delay.
Are there fees associated with personal loans?
Some personal loans may include establishment fees, ongoing account-keeping fees, or early repayment fees. It’s important to review the loan terms carefully, and a mortgage broker can help identify loans with transparent, minimal fees.
Can I pay off my personal loan early?
Most personal loans allow early repayment, either partially or in full, though some lenders may charge a small exit or break fee. Paying off your loan early can save you interest and help you become debt-free sooner.
Frequently Asked Questions
What does a Mortgage Broker do?
At Way Finance, we take the time to understand your financial needs, find the loan that suits you best, and negotiate directly with lenders on your behalf. We handle all the heavy lifting—from our first chat right through to settlement and beyond.
As your mortgage broker, we’re your link between you and the banks. Instead of being limited to one lender’s products, we compare a wide range of options to help you choose the right fit.
We also make your application as strong as possible to improve your chances of approval. If any issues come up along the way, we advocate for you and work with the lender to keep things moving. We manage all communication, break down any confusing bank jargon, and keep you informed at every step.
Before your loan is approved, we’ll walk through the documents with you, answer all your questions, and make sure you feel confident about what you’re signing. We also coordinate the important settlement details with your conveyancer, real estate agent, and the banks.
Our goal is to make the whole process smooth, stress-free, and supportive – so you always feel looked after.
What are the benefits of using a Mortgage Broker?
We’re experts at finding the right loan for you. With so many lenders and loan options out there, it can quickly become overwhelming. We simplify the process by understanding your needs and comparing thousands of loans from our range of lenders to find the best fit for you.
Unlike a bank, which can only offer its own products, as a mortgage broker we give you real choice. We compare rates, fees, features, and policies across the market, so you’re not limited to one option.
We also negotiate with lenders on your behalf and handle all the paperwork, saving you time, stress, and often money. Our job is to guide you through every step, explain everything clearly, and advocate for you if any issues arise.
How much does it cost to go through a Mortgage Broker?
Generally, we do not charge our clients fees for our services. Our commission is paid directly by the lender once your loan has been finalised. Rest assured, this does not increase your cost in any way.
In some more complex cases, a small fee may be required, but if that applies, we will always let you know upfront so there are no hidden surprises.
What Lenders do you work with?
We work with over 60 lenders, including the Big Four (CommBank, ANZ, Westpac, NAB), as well as BOQ, AMP, Bankwest, Bendigo Bank, Heritage Bank, ING, Macquarie, Suncorp, St George, Pepper Money, Newcastle Permanent, and many more. With such an extensive lender panel, we can help you find the right loan with terms that suit your needs.
What information do you need for our first appointment?
Your first appointment is all about getting to know you, your goals, and your dreams. It’s a chance for Way Finance to understand your personal and financial situation so we can guide you in the right direction.
During this meeting, we’ll discuss your objectives and review your current circumstances to assess your loan feasibility and borrowing capacity. You don’t need to bring anything specific – this first appointment is simply about understanding what you want to achieve and how we can help you get there.
After the appointment, we’ll send you an electronic form to capture the details of your full financial situation. The more information you provide, the better we can assess your borrowing power and tailor our advice to your unique needs and goals.
If you choose to proceed, we’ll explain the different types of loans and recommend the best options for your situation. At this stage, we may ask for:
- Identification documents
- Payslips
- Bank statements
- Credit card statements
- Investment or asset details
Any other relevant documents (including child support, Afterpay, or Zip payments)
How does Way Finance make the loan process simple?
At Way Finance, we make the loan process easy and stress-free. From your very first appointment, we focus on getting to know you, your goals, and your dreams, so we can guide you with advice that’s clear, honest, and tailored to your situation. We explain everything in plain language, no confusing banking or financial jargon, to keep you informed every step of the way.
Can we ask for this service remotely?
While we love meeting our clients in person, we understand that life is busy and not everyone is nearby. That’s why we’re fully accessible and available when you need us, whether it’s by phone, video call, or email, at a time that suits you. Our goal is to make the process as easy and convenient as possible, no matter where you are.