Whether you're planning a home renovation, covering an unexpected medical bill, or finally booking that trip you've been putting off, a personal loan can bridge the gap. At Yes Loans, we're a Perth-based finance broker who works harder to say yes more often.
We don't lend directly. Instead, we compare options across our panel of lenders, including Angle Finance, Latitude Financial, Sovereign Credit, Pepper Money, Money3, and Allied Credit, to find a structure that fits your situation.
Repayment terms and structures built around what you can comfortably service, rather than around one lender's single product. Most personal loans run between two and seven years, with weekly, fortnightly or monthly repayments.
Most applications receive a response within one to two business days, and more straightforward applications are often faster. You can apply online in less than 10 minutes, and getting your rate here won't affect your credit score.
At Yes Loans, we believe in keeping things transparent. No hidden costs, no surprises buried in the fine print. Our brokers will walk you through your options, including rates, fees, and repayment structures, before anything is submitted.
We don't lend directly. Instead, we compare options across our panel of lenders to find a structure that fits your situation. Our brokers handle the hard work so you don't have to, and it will be one of these eight who does it.
One of the advantages of a personal loan is flexibility. Unlike a car loan or home loan, the funds aren't tied to a specific purchase. Here are some of the most common uses our brokers see, and the one case where we would point you somewhere else.
From a new kitchen to a full extension. See our home improvement loans page for more.
Domestic or international. Our travel loans page covers how it works, including why there is no asset to secure a holiday against.
Procedures you need now and want to spread over time. See our medical loans page for details.
Debt consolidation, rolling multiple repayments into one. Our debt consolidation loans page explains when this makes sense, and it is worth reading the when: consolidating a short debt over a long term can cost more overall even though the repayment falls.
Car repairs, urgent bills, emergency costs, weddings, events or major once-off purchases. This is the category a personal loan exists for, because there is nothing to secure it against and the funds are not tied to a specific purchase.
If you're borrowing to buy a car, motorcycle, caravan, or boat, we have specialist loan products for each of those. A personal loan generally has a higher rate than a secured asset-backed product, so it's worth comparing your options first.
Not sure which structure suits your situation? That's exactly what our brokers are here for. A quick chat on (08) 9472 3000 can save you a lot of back-and-forth.
Lenders don't offer everyone the same rate. Your rate is based on how much risk the lender perceives in your application. Put two rates side by side and see what the difference is actually worth on your own loan.
Our minimum personal loan is $5,000, and for unsecured loans the maximum is typically $200,000, subject to your income, expenses and credit profile. For smaller amounts, our referral partner MoneyBuddy may be able to help with loans from $500.
Longer terms mean lower monthly repayments but more interest paid overall. Stretching the term also makes the gap between two rates bigger, because there are more years of it to pay.
Both of these numbers are yours, not ours. Yes Loans is a broker and does not set rates: lenders price each application after they have read it, and your actual rate will depend on your credit profile and which lender on our panel your application is matched to.
A guide only, worked out from the two rates you chose above. Yes Loans is a finance broker and does not set interest rates. Always check the comparison rate when weighing up offers: it adds in most standard fees and gives you a truer picture of what the loan will cost.
And $3,542across the life of the loan. That's why shopping across a panel of lenders matters.
This is one of the most common questions our brokers get, and it's worth understanding before you apply.
Not sure which structure suits your situation? That's exactly what our brokers are here for. There is also a longer read on secured and unsecured loans if you want the detail before you call.
Lenders don't offer everyone the same rate. Your rate is based on how much risk the lender perceives in your application. Here's what typically has the most impact:
Higher score generally means a lower rate. Lenders use Equifax, Experian, or Illion.
Secured loans are lower risk for the lender, so rates tend to be lower.
Longer terms mean lower monthly repayments but more interest paid overall.
Larger amounts can attract better rates with some lenders, but not always.
Lenders assess your ability to repay. A strong income-to-expense ratio helps.
Full-time employment is lowest risk. Self-employed applicants can still be approved.
Yes, in many cases. A credit history that isn't spotless doesn't automatically close the door. Different lenders on our panel have different credit appetites.
Lenders like Pepper Money and Money3 are experienced with applications that mainstream banks might decline, including applicants with past defaults, limited credit history, or recent financial difficulty.
Our brokers assess your full picture, income, expenses, repayment history, and employment, and match your application to the lender most likely to work for your situation.
For more on managing debt alongside a new loan, our debt consolidation loans page is worth a read.
ASIC's MoneySmart website also has practical guidance on understanding your credit report at moneysmart.gov.au.
That doesn't mean you're out of options.
Yes Loans263 Albany Hwy, Victoria Park
A big thank you to Cooper from Yes Loans for helping me secure my loan for my new car! He was easy to communicate with, always kept me updated, and made ... Morein the last week
Thanks to Stephen, for assisting with my loan and making it possible, he dealt with it professionally and was very quick to reply with any questions and ... Morein the last week
I cannot recommend Trent highly enough. From the very beginning, he was professional, efficient and incredibly committed to helping me secure the right ... Morein the last weekpowered by
We don't lend directly. Our brokers compare options across the panel and handle the hard work so you don't have to. Every rating below is that broker's own Google rating as published on the Yes Loans about page.
If one of these is closer to what you are funding, the page for it covers the detail this one only summarises.
From a new kitchen to a full extension.
Domestic or international, with no asset to secure it against.
Procedures you need now and want to spread over time.
Rolling multiple repayments into one.
A personal loan is a fixed-sum loan you repay over an agreed term, usually between two and seven years, through regular weekly, fortnightly, or monthly repayments. Most personal loans are unsecured, meaning no asset is attached as collateral, though secured options are available and often come with lower rates.
Personal loans can be used for almost anything. Popular uses include home renovations, travel, medical and dental procedures, debt consolidation, and major purchases. If you're financing a car, a car loan is usually the better-structured option - chat to one of our brokers and we can walk you through the difference.
Most personal loans in Australia are fixed rate, meaning your repayments stay the same for the life of the loan. Variable rate options exist but are less common for personal finance.
A fixed rate gives you certainty. You know exactly what you're paying each month, which makes it easier to budget. A variable rate can move with market conditions, which means repayments could go up or down. For most borrowers taking out a personal loan for a specific purpose, fixed rate tends to be the simpler choice. Your actual rate will depend on your credit profile and which lender on our panel your application is matched to.
At Yes Loans, we believe in keeping things transparent. No hidden costs, no surprises buried in the fine print. Our brokers will walk you through your options, including rates, fees, and repayment structures, before anything is submitted.
We work with a panel of lenders including Angle Finance, Latitude Financial, Sovereign Credit, Pepper Money, Money3, and Allied Credit. That panel diversity means we can often find a way forward for applications that might get a knock-back from a single bank or lender. Our minimum personal loan is $5,000. For smaller amounts, our referral partner MoneyBuddy may be able to help with loans from $500.
We say YES more often, and we are able to help you anywhere in Australia, and we are proud to say YES, for all the right reasons too. You can apply online in less than 10 minutes, and getting your rate here won't affect your credit score.
We say YES more often, and we are able to help you anywhere in Australia, and we are proud to say YES, for all the right reasons too.
We work harder to say yes more often. Call (08) 9472 3000 or apply online today. You can apply online in less than 10 minutes, and getting your rate here won't affect your credit score.
If you're considering applying for a personal loan, an online personal loan calculator can help you determine what is realistic before you apply.
Life is unpredictable. Sometimes it throws unexpected curveballs at you. While planning for emergencies is sensible, it is not always possible.
Are you in the market for a new car? Or do you need some extra cash for something else, like a wedding? The structure matters more than the label.
A personal loan is a fixed-sum loan you borrow and repay over an agreed term, typically two to seven years. Repayments cover both the principal and interest, so you're paying down the loan from day one. Most personal loans are unsecured (no asset required), though secured options are also available.
A secured personal loan uses an asset, such as a car, as collateral. Because the lender holds security, rates are generally lower. An unsecured loan doesn't require an asset, which gives you more flexibility in how you use the funds, but rates tend to be slightly higher to reflect the additional risk to the lender. Our brokers can help you work out which structure suits your situation.
The interest rate is the base cost of borrowing. The comparison rate adds in most standard fees (like establishment and monthly fees) and rolls them into a single annual percentage, giving you a truer picture of what the loan will cost. Always check the comparison rate when weighing up offers.
The minimum personal loan through Yes Loans is $5,000. For unsecured loans, the maximum is typically $200,000, subject to your income, expenses, and credit profile. Your broker will work through your most comfortable borrowing amount with you before any application is submitted, and our loan calculator is the quickest way to sanity check a figure first.
Each formal credit application can leave an enquiry on your credit file, which can marginally affect your score. At Yes Loans, our brokers assess your situation before submitting anything, and we aim to match you to the right lender the first time. This reduces the need for multiple applications. Getting a quote through Yes Loans won't affect your credit score.
Yes. Self-employed applicants can be approved, though lenders typically want to see at least one to two years of trading history, plus recent bank statements and tax returns. Our brokers know which lenders on the panel work well for self-employed applications, which saves you time.
Most applications receive a response within one to two business days. More straightforward applications are often faster. Once approved, your broker will explain the settlement process and what happens next.
Standard documents include: recent payslips or proof of income, bank statements (usually the last three months), a valid form of photo ID, and details of your current expenses and any existing debts. Your broker will let you know if anything else is needed based on your application.
In most cases, yes. Most lenders on our panel allow additional repayments or lump sum payments without penalty. Early repayment conditions vary by lender, so your broker will walk you through what's in your credit contract before you sign.
Almost anything. Home renovations, travel, medical expenses, weddings, debt consolidation, and large purchases are all common uses. If you're buying a vehicle, it's worth asking about a car loan or leisure loan instead, as those products are often better structured for asset purchases. There is also a longer read on using a personal loan for debt consolidation if that is what brought you here.
Not always. Unsecured loans don't require either. For larger loan amounts or applications with more complex credit histories, a secured loan or guarantor can strengthen your application. If you're considering a guarantor, it's worth seeking independent legal advice beforehand so they understand their obligations.
Yes, but only if your loan is approved and settled. In that case, we may charge a maximum fee of $2,500 inclusive of GST. This is included in your loan amount and disclosed upfront in our Credit Guide and Quote. You can call us on (08) 9472 3000 or apply online to get started.