Personal Loans

Arranging Personal Loans in Townsville and North QLD

Clear Communication

Knowledgeable Team

40 + Lenders

Honest & Direct Approach

Suitable Personal Loan Uses

Best Home Loans can help you reach your goals sooner with a personal loan. We will work with you to provide a personal loan that suits your lifestyle.

Best Home Loans services clients Australia wide, we have access to a wide variety of lenders and can help you organise personal loans for: 


  • Home renovations 
  • Holidays 
  • Debt consolidation 
  • Weddings 
  • Furniture 
  • Tuition fees 
  • Vehicle purchases 
  • Electrical equipment purchases 
  • Cosmetic surgeries 
  • Lending criteria 


For more information, speak with our friendly team today on (07) 4779 0555.

Contact our mortgage brokers today

Personal Loans Amounts

  • $10,000 up to $50,000 
  • Minor credit impairment (may be okay)

Supporting Document Requirements

We require the following documentation to begin your application:


  • Proof of income: such as Last 2 payslips (PAYG) 
  • Tax returns from the last 2 years (self-employed) 
  • Last council rate statement (homeowners) 
  • Proof of Residency and identification


You may also need to provide information on any existing debts or assets you may have.

Fixed or Variable Interest Rate?

At Best Home Loans, we can assist you with applying for both fixed and variable interest rate personal loans. Fixed interest rate loans are recommended for those who would like the security of knowing that the interest rate on their loan will not fluctuate over time. This means your repayments will not change, allowing you to manage your finances and budget more effectively. 


On the other hand, repayments for variable interest rate loans rise and fall depending on market conditions. This can be beneficial as it means you may pay a lower total interest if rates go down. There are also no limits to making additional repayments on variable rate loans, so you won’t have to worry about incurring any extra fees.

Frequently Asked Questions

  • Who can apply for a personal loan?

    To apply for a personal loan in Australia, you must be: 


    • 18 years of age or older 
    • Long-term casual 
    • Earning a regular income 
    • Employed full-time, part-time or self-employed 
    • Have a good credit history

  • What are the differences between secured and unsecured loans?

    The main difference between secured and unsecured loans is that secured loans are backed by collateral, while unsecured loans are not. Collateral is an asset, such as a car or house, that can be used to secure a loan. If the borrower defaults on the loan, the lender can seize the collateral to recoup its losses. 


    Unsecured loans, on the other hand, are not backed by collateral and are therefore riskier for lenders. As a result, unsecured loans usually have higher interest rates than secured loans.

  • Can I refinance a personal loan?

    You may be able to refinance a personal loan if you have improved your credit score, income or employment status. Personal loan refinancing typically involves taking out a new loan with a lower interest rate and using the proceeds to pay off your existing loan. You may also be able to extend the term of your loan, which could lower your monthly payments. Before you refinance a personal loan, it is best to compare offers from multiple lenders to ensure you get the best rate and terms.

  • What are the advantages of personal loans when compared to credit cards?

    There are a few key advantages that personal loans offer over credit cards. One is that personal loans typically have lower interest rates than credit cards. This can save you money in the long run, as you’ll end up paying less in interest charges.  


    Another advantage of personal loans is that some come with fixed interest rates. Your monthly payments will stay the same, even if market interest rates rise. This can give you some peace of mind and make it easier to budget for your loan repayments.

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