Imagine being able to just make a call to have your personal loan requirements handled by your own Personal Loan Broker Australia! Whoever you are, whatever your financial profile, wherever you are located in Australia – that can be a reality with a call to blue fox finance.

As Aussie finance brokers, blue fox finance offers a wide range of financial solutions to a wide range of individuals for the purchase of goods and services and for debt consolidation. Brokers are not just for business and the rich and famous. Our finance broker services are for everyone.

Blue fox finance – Better Financial Solutions

Blue fox finance is accredited with a large number of banks and lenders including major Australian banks and numerous industry-only lenders. This means you are benefiting from an extremely in-depth assessment of a large number of loan offers available in your category and receiving the best loan offer at the cheapest interest rates.

As brokers, we’re not constrained by the strict guidelines that some banks include in their personal loan applications. We have the flexibility to negotiate, find a lender that suits your profile, and structure your loan to specifically meet your requirements.

We’re an Australian-owned company and operate on a nationwide basis to provide financial services to customers in all capital cities, major towns, regional areas, and even the most remote locations.

Blue fox finance is a member of FBAA. This involves signing on to the strict Code of Ethics which is under the control of the Credit Ombudsman Service Limited.

We provide an extremely straightforward, transparent, and streamlined personal loan service with quick approval, pre-approved loans, no deposit options, and loans tailored to suit you.

What is a personal loan?

At blue fox finance, we understand there are special times in life when you could use a little extra cash for things like planning a wedding, taking a well-deserved holiday, completing some home renovations or giving the kids a high-quality education.

A personal loan is a short-term loan of typically 5-7 years, often with interest rates higher than that of blue fox finance but lower than that of a credit card, offering a useful solution for those special projects. Also, because you are assessed based on your credit risk and experience, the turnaround time for approval is usually much faster than that of blue fox finance too.

At blue fox finance, we do all the legwork by comparing multiple products from a range of lenders so that we track down competitively priced personal loans that let you achieve your goals.

Types of personal loans

Secured loans

If you are purchasing a major item such as a boat, or if you own one already, a lender may be willing to take it as a security for the loan. This could mean that you are entitled to a lower rate than that of an unsecured loan as the lender has a lower risk of loss if you fail to make your repayments. It can also mean that you have a higher chance of getting approved!

Your local blue fox finance broker can help you weigh up the pros and cons of a secured loan and help you decide what type of loan is right for your individual circumstances.

Unsecured Loans

Unsecured loans are those that do not require you to own any assets to apply, whilst also giving you greater flexibility to use the funds as you wish. However, it is important to be aware that the interest rates are often higher than secured loans as the lenders perceive these loans to be a higher risk because you have nothing to fall back on if you can not make repayments.

There are many factors to consider when weighing up your options so be sure to always consult with your local broker about which loan is right for you.

We Can Help You With a Personal Loan

There are many different circumstances under which you might be required to take out a personal loan. It might be a new car, a house renovation, or even that long-awaited overseas holiday.

What sort of personal loans are available?

There is a huge range of personal loan products available so there are a few questions you will want to consider.

Speak to blue fox finance if you need finance for any of the following:

Car

Holiday

Wedding

Renovations

Medical

Debt consolidation

Furniture and appliances

There is a range of options on offer and blue fox finance can help you select the right one for you.

Secured

With a secured loan, the asset (e.g. car) you're purchasing is used as security against the loan. The downside is that if you default on your repayments, the lender can repossess your asset, sell it and use the funds to pay off your debt. However, a plus is that these types of loans can be advertised at a lower interest rate because they're considered a lower risk for the lender.

Unsecured

An unsecured loan is considered a higher risk for the lender because it doesn't require any security against the loan. This means they usually come with a higher interest rate than a secured loan. If this is the first time you're taking out a personal loan, the lender may require you to provide a guarantor as a backup to ensure your repayments will be met.

What personal loan product types are available?

Variable

A variable rate loan gives you the flexibility to pay extra off your loan when circumstances allow, while you can also redraw those funds if and when you need them. However, variable loans are subject to interest rate rises, so it's important to calculate your ability to make repayments both now and in case of a future rate hike.

Fixed

A fixed-rate loan means your repayments are set at a certain figure, shielding you from interest rate rises for the life of the loan. You can also pay extra off your loan, although it's wise to check the limits on the number of additional payments you can make.