Access the flexible funds you need with a personal loan
In need of a holiday? Ready to do some home renovations? Planning your special day?
We’ll help you find a competitive loan with flexible rates, terms and rates tailored to your financial situation!
With our personal approach to financing, you can feel confident knowing your application is in expert hands. That means less stress for you and more time to focus on what really matters—how you’ll put your funds to good use.
Get started with a free, no-obligation personal loan pre-approval today and experience the Focus Finance difference!
Why Focus Finance?
More choice
With access to over 50 of Australia’s top lenders, we’ll be able to compare more options to find the best one available to you.
Convenience
We do all the hard work for you in comparing loan products, interest rates, fees and lending criteria, saving you time and effort.
A modern approach
We make use of industry-leading technology to help connect you with your ideal lender as quickly as possible.
Personal touch
Your consultant will guide you through the whole process, keeping you informed and answering all your questions along the way.
Understanding
You won’t be treated like just another number. We make sure we understand your needs to find you the solution you’re after.
Brands you can trust
We’re accredited with reputable insurers, banks and non-bank lenders, so we’ll only connect you with trustworthy financiers.
What will my personal loan interest rate be?
The interest rate on your loan will be determined by your lender based on a wide range of factors specific to you. Here are some of the most important variables that help your lender calculate your rate:
- Your income
- Your savings
- Your job security and history
- Your credit score
- Your history repaying similar loans in the past
- Whether you’re applying for secured or unsecured finance
- Whether you’re applying on your own or with a joint applicant
Your rate may also depend on whether you decide to go with a fixed or variable rate. Fixed rates remain the same throughout your repayments, making them better for budgeting around your repayments. Variable rates can fluctuate, meaning you may save if rates fall, but you’ll pay more if they rise.
When you apply with Focus Finance, your no-obligation pre-approval will come with an indicative interest rate, giving you an idea of what you might receive when you decide to submit your formal application.
Personal Loan Eligibility Criteria
While exact requirements vary between lenders, here are the key criteria you’ll typically need to meet when applying for a personal loan:
Age & Residency – You must be at least 18 years old and an Australian citizen, permanent resident, or eligible visa holder.
Stable Income – Lenders require you to earn a consistent income above their minimum threshold to ensure you can manage repayments.
Employment & Banking – A steady job and having your income deposited into a bank account are essential for approval.
Credit Score – Your credit history should meet the lender’s minimum credit score requirements to demonstrate financial responsibility.
At Focus Finance, we work with a panel of trusted lenders to find the best loan for your circumstances. Our consultants will guide you through the process and match you with a lender that suits your needs.
Documents Needed for Your Personal Loan Application
While requirements can vary between lenders, you’ll typically need the following documents to apply for a personal loan:
- Identification – A valid driver’s licence or another government-issued photo ID, such as a passport and/or Medicare card.
- Proof of Income – Your last two payslips to verify your earnings and financial stability.
- Bank Statements – Some lenders may request 3 months bank statements as a part of their assessment.
Your Focus Finance consultant will guide you through the process, ensuring you have everything needed to secure the best loan for your situation.
Keeping up with educational expenses
Consolidating household debts and other high-interest loans, including credit cards
Funding home improvements, renovations and repairs
Buying a car that’s too old for your lender
Paying for car repairs
Covering the cost of medical bills not included in your health insurance
Booking your next holiday
Planning your wedding
Keeping up with educational expenses
There’s a wide range of potential uses for your personal loan. We’ve touched on a few already, but that’s barely scratched the surface. These include:
However, some of the things you won’t be allowed to use your personal loan for are:
Gambling
Illegal activity
Covering your home loan repayments
Frequently asked questions
Yes – in almost all cases, you’ll be able to repay your personal loan ahead of schedule without any early termination fees. Some fixed rate loans may charge you for early repayments, but most don’t. You can speak with your Focus Finance consultant about your options if you want more flexibility in your repayments.
Accredited with Australia's top lenders
Tailoring the right loan to suit you and your needs not just the banks.
We'll compare and help choose the best loan option from our panel of 50+ lenders.
