Wisr personal loans
Wisr is a neo-lender based in Australia. As a digitally focused personal loan lender, Wisr operates differently from traditional banks and lenders. Wisr uses an online platform to provide financial products to consumers.
As such, Wisr does not operate any bank branches, but does have a head office located in Sydney.
Wisr is known for being the first neo-lender to be listed on the Australian Securities Exchange.
Property & Personal Finance Writer
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Why choose Wisr
Wisr Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Wisr personal loan
Wisr offers a range of unsecured personal loans that can be used for a variety of purposes such as debt consolidation, travel, vehicles or home renovation. Security may be requested for certain loan purposes.
Wisr provides personal loans of between $5,000 and $50,000 and terms of either three or five years.
Wisr personal loans have personalised interest rates. Personalised rates mean that the interest rate offered is dependent on the borrower’s credit history. Borrowers with good credit will receive a lower interest rate than borrowers with bad credit.
Wisr charges a one-off establishment fee and late repayment fees, but does not charge ongoing fees or early repayment fees.
Wisr personal loans – customer service
Because Wisr does not operate any branches, customers must contact Wisr by phone or online enquiry. Online enquiries can be submitted at any time, while phone enquiries are welcome on weekdays from 9am to 5:30pm (AEDT).
Who is eligible for a Wisr personal loan?
- Must be an Australian citizen or permanent resident currently residing in Australia
- Must be aged 18 years or over
- Earn more than $30,000 a year before tax
- No unpaid defaults last 5 years
- No bankruptcies last 7 years
- Not currently in financial hardship
How to apply for a Wisr personal loan?
- Fill out the online form to get a personalised rate estimate
- Complete loan and contact details
- Read and agree to terms and conditions
- Click ‘Get estimate’
Wisr personal loans review
Wisr is a neo-lender that provides unsecured loans and, in some cases, secured loans to Australian borrowers. Because Wisr operates exclusively online, it is better suited to tech-savvy borrowers than people who struggle with technology.
Wisr personal loans have a maximum amount of $50,000 and loan terms of either three or five years. Wisr personal loans do not charge any annual or monthly fees, and there are no charges for early repayment.
Wisr uses personalised interest rates for its personal loans. Wisr personal loan rates may range from moderately low to high depending on a number of factors, including the applicant’s credit history. Applicants with good credit may receive lower interest rates than borrowers with bad credit.
To find the best personal loan for you, it’s important to compare your options. When you compare personal loan rates from several different lenders, you’ll be in a better position to choose the loan that’s right for you.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
