Personal Loan
Personal Loan
At GSK Financing, we believe nothing should stand between you and your future, not even finances. Whether you’re pursuing university, vocational training, or international studies, we help you access flexible study loan solutions tailored to your goals, timeline, and budget.
Australian Personal Loan Landscape (2025)
Average loan amount: ~AU $22,600 forbes.com+3money.com.au+3money.com.au+3
Total borrowed monthly: ~AU $2.5 billion money.com.au
Average unsecured interest rate: 13.9% p.a. (top-tier credit: ~9.8%; low score: up to 25.3%)
Typical loan term: ~35 months (~3 years)
- Unsecured Loans – No collateral; rates ~9–14% p.a. depending on credit .
- Secured Loans – Use an asset (e.g. car) as collateral; lower rates ~6.5–10%
- Green Loans – For eco-friendly purchases (e.g. solar panels); rates start ~5.5%
How to Choose the Right Loan
Check Credit Score & Health
Better scores = better rates; review your history before applying .
Compare Total Loan Costs
Focus on the comparison rate, not just advertised interest, to include fees
Choose Loan Type & Term
Decide between fixed vs variable, secured vs unsecured, and the repayment duration
Review Fees & Flexibility
Look for no application or monthly fees and check early repayment conditions
Use Comparison Tools
Sites like Money.com.au, Finder, and InfoChoice provide rate breakdowns to simplify decisions
