Personal Loan Pal can find a lender for you!

A personal loan is a type of finance option that can be used for a variety of applications. Personal loans are for amounts of money up to $5,000 and can be repaid over a period of up to 24 months. These loans can include different fees to be applied over the course of the loan, depending on the loan amount.

If you find yourself in a tight spot financially, it can feel like you’re alone. Perhaps you don’t feel confident talking to loved ones about your money woes. You might not be lucky enough to know people who are in a position to lend you money. Even if you do, many people are uncomfortable asking friends or family members for financial help in case their or their loved one’s situation changes suddenly. In these times, when you need to find a way to get some quick cash, you want a professional lender-finding service that understands. That’s where Personal Loan Pal can help!

Personal Loan Pal (PLP) is a quick, helpful, online lending-finding service. Unlike applying for a loan with a bank, using our lender-finding service won’t take forever. Whether you have some pesky bills that need paying, want to freshen up your home decor or just need to treat yourself to a holiday, a personal loan is a great way to get some fast funds. PLP can find lenders offering personal loans!

personal loan

What is a personal loan?

Personal loans are as easy to understand as they are handy. A personal loan is a secured or unsecured line of credit for a certain amount of money. In the case of PLP, we can find lenders offering loans up to $5,000. At its core, a personal loan is an agreement between you and a lender for them to give you a certain amount of money on the condition that you pay it back over a period of time. They have a wide range of different uses!

What can I use a personal loan for?

There are so many different uses for personal loans. While they are extremely useful when you need fast cash, they’re not just for emergencies! A personal loan has so many applications that you might never have considered. Even if a personal loan doesn’t cover the entire expense, having those extra funds can provide some much needed financial security and peace of mind.

If you’re wondering about what personal loans can be used for, here are just a few possibilities:

  • Unexpected bills
  • Medical costs
  • Buying a new or used car
  • Paying your rental bond
  • Car registration
  • Car repairs
  • Holidays
  • Treating your loved ones to some gifts or a night out
  • Buying new furniture
  • Minor renovations

When it comes to personal loans, the possibilities are virtually endless. Why not apply with our lender-finding service? A lender that can provide a personal loan could be just what you’re after!

What does Personal Loan Pal do?

Of course, we should introduce ourselves.

PLP, as we call ourselves, is a lender-finding service. Whether you go for the “traditional” route of applying for a loan through a bank or decide to search the internet for an online loan or lender, making a final decision can take a lot of time. No doubt you have a heap of other things that you would much rather be doing than sorting through lenders. That’s why we do it for you!

If you apply through PLP, we have a look at a bunch of lenders from across the internet in search of one for you. If there’s a lender out there offering a personal loan for you, we can find it.

What is the difference between Personal Loan Pal and an ANZ personal loan?

If you’re looking for a personal loan provider, you’ve probably considered pursuing the old method of securing funds by applying with a bank. One bank in particular that often gets touted as a solid option is ANZ Bank. If you’re considering an ANZ personal loan, there are two different types: fixed rate and variable rate. ANZ advertises that fixed-rate loans give you certainty as the repayments are constant, whilst a variable rate loan is more flexible and allows you to pay off your loan early.

However, there are numerous downsides to applying for an ANZ personal loan. They will expect your finances and credit score to be in tip-top shape, and if they aren’t then you’re unlikely to be approved for an ANZ personal loan. PLP is more understanding, and we can find a lender offering fast cash loans even for customers with bad credit.

If you ask the big banks about non-traditional online lenders, chances are you won’t hear good things. They’ll make some very general statements saying that they all online lenders are unreliable and that you should only apply for loans with banks. This simply isn’t true. Banks making generalisations seems to be a common theme – they do the same with bad credit! Unlike the banks, we won’t turn you away for having a low credit score. Bad credit certainly isn’t the be all and end all, and it’s far from the only way to determine if you can afford a personal loan. That’s why we can find providers of loans for customers with bad credit!

If you’re looking at an ANZ personal loan, maybe it’s time to reconsider. Why not use our lender-finding service to look for a personal loan provider instead?

How do I apply for Personal Loan Pal’s lender-finding service?

When it comes to applying for our lender-finding service, we live up to our name. Our application process is quick and straightforward, like if one of your pals were guiding you through it.

Before you start the application process, there are a few eligibility criteria that you need to meet. Don’t worry, we don’t expect anything unreasonable; just a few basic things so that we can get the ball rolling. You must:

  • Be an Australian citizen or permanent resident;
  • Be 18 years of age or above;
  • Receive a regular income into a personal bank account for at least 90 days prior;
  • Have a direct contact number and email address.

Do you meet those requirements? If so you’re ready to fill out an application form. If you thought the eligibility checklist was easy, you’ll love our application process just as much. Because our service is 100% online, we don’t need any paperwork. Sounds good already, right?

That’s not all. A PLP application form can take just minutes to fill out. Who knew you could do anything in a few minutes these days?

Guess what? We’re still not done. We use some really nifty fintech (financial technology) to streamline our lender-finding process. If we find a lender, we can refer you to them quick smart!

Simple applications and lightning fast referrals? Sounds like a home run.

How much does a personal loan cost?

As we are a lender-finding service, we can’t guarantee how much a personal loan will cost. That will depend on the specific lender. You can find a personal loan calculator on our website that will give you an idea of loan costs. You can adjust the slider on the personal loan repayment calculator depending on your desired loan amount. This will provide an estimate of the fees that you might pay in accordance with that amount.

PLP can find lenders offering loans between $250 and $5,000. However, loans within this range are split into three different categories. Firstly there are small personal loans, for amounts up to $2,000. You can repay these small cash loans over a period of up to 12 months.

Loan amounts between $2,001 and $4,600 are classified as medium secured personal loans. In order to loan an amount in this range, you will need to provide either a car, motorbike, boat or caravan as security. Medium Secured Personal Loans can be repaid between 13 and 24 months.

Lastly there are Large Secured Personal Loans, which are for amounts of $5,000. Just as with Medium Loans, you will have to provide a vehicle as security.

If your application is approved by a lender, remember to read your loan contract thoroughly, as it will contain all relevant costs.

If you’re looking for more information on loan terms in general, you can also visit the MoneySmart website and use their personal loan calculator.

Can I apply with your lender-finding service if I have bad credit?

Yes, you can! We can also find lenders offering quick loans Australia wide for customers with bad credit.

PLP and the responsible lenders we associate with don’t believe in judging people just because they have bad credit. Some financial mistakes you made in the past aren’t necessarily an accurate reflection of your current situation. This is why there is more of a focus on 90 days of bank statements. These give online lenders a far better idea of your ability to repay a personal loan.

Whilst we don’t conduct credit checks prior to looking for a lender, the personal loan provider that we could find for you may do. This is simply part of the lending practices of some lenders, and will not solely disqualify you from accessing a loan.

Can I apply with your lender-finding service if I’m receiving Centrelink payments?


Just like bad credit, Centrelink is not a deal breaker when it comes to applying with our lender-finding service. In fact, if you’re receiving government benefits, those can be considered as a form of income under the eligibility requirements. As long as the Centrelink payments you are receiving are reliable and consistent, you can apply for our lender-finding service.

Whether you’ve received a Centrelink cash advance but could still use a personal loan, or you’re after loans for pensioners, PLP is the best way to find a lender if you’re on Centrelink.

Want to know more before you apply for our lender-finding service?

When it comes to applying, as is the case with most things, you can never ask too many questions. It’s important that you fully understand what you’re looking for. PLP aims to match customers with personal loan providers, but at the end of the day, you have the final say. If we find a lender for you and they approve your application, you will find all the terms and conditions clearly outlined in your loan contract. If you wish to cancel the loan before you sign your contract, no worries! You won’t be charged a cent.

At PLP, we put a lot of importance into providing our customers with a quality service. We always like to make sure our clients know what’s going on, so we’ve tailored our website to do just that. There you can find the how it works page, which has a breakdown of the process behind how we find lenders offering easy loans. If you need some things cleared up, take a look at the FAQ’s. Anything else still bothering you? Don’t hesitate to ask! You can either fill in a form on the contact us section of our website, or send an email to hello@

Apply now to see if Personal Loan Pal can find a lender for you. After all, what are friends for?