Welcome to My Lenders
Your Best Choice for Your Personal Loan Needs
With an online loan, you can have access to opportunities that were out of reach before without using your savings.
Since 2010, My Lenders has sought to improve the experience of our clients. Our mission is to help and inspire people to reach their goals by providing them the best personal loans that are fair and suited to their needs.
Monitoring
Were help you keep track of any changes in the Loan Market
Insights
We can help you find the right loan for you.
Better Decisions
Keep track of any changes in the market and always let you know if theres other options
You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender
Loan amount
$300 - $2,000
Terms
12 months
Costs
20% upfront establishment fee
+ 4% monthly fee
Example
Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.
Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
Loan amount
$2,001 - $4,600
Terms
13 months
24 months
Costs
48% annual percantage rate
67.41% comparison rate p.a.
Example
Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.
The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.
Loan amount
$5,000 - $10,000
Terms
13 months
24 months
Costs
21.24% annual percantage rate
48% comparison rate p.a.
Example
Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.
The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.
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