Liberty Personal Loans Review |

Providing loans with personalized attention, Liberty offers an alternative personal loan solution to the big four banks.

Since entering the fray in 1997, non-bank lender Liberty has specialized in consumer loans, offering a number of products ranging from home loans and personal loans to business loans and commercial loans. Liberty has helped over 600,000 Australians by advancing over $40 billion in funds.

Liberty Personal Loans

Liberty offers a single unsecured personal loan product with a fixed interest rate for amounts ranging from $5,000 to $80,000 for a number of uses, including:

  • Debt Consolidation

  • Home renovations

  • Holidays

  • Wedding expenses

  • Medical bills

  • Tuition

  • Motor vehicles

Check out some of Liberty’s personal loan offerings below.

*Comparative rates based on a loan of $30,000 for a term of five years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate, rates correct as of June 30, 2022. See disclaimer.

Liberty Personal Loan Features

Custom interest rates

Liberty offers personalized interest rates, which means borrowers will receive interest rates tailored to their current financial situation based on factors such as credit history, credit score, employment status, cash flow and loan amount. Borrowers considered low risk with a good credit rating and track record can expect a lower interest rate compared to other types of borrowers.

Read more: Guide to Subprime Personal Loans

Flexible repayments

Liberty personal loans can be repaid weekly, fortnightly or monthly with terms ranging from three to seven years. Whether repayments are weekly, semi-monthly or monthly, the due date is always one month after the loan is established – called the anniversary date.


Aside from a loan origination fee ranging from 0% to 5.5% of the loan amount depending on your assessed risk, Liberty does not charge any ongoing, prepayment, early termination or release fees.

digital process

The Liberty personal loan application is a simple online process, from an online application with a two-minute estimate to a decision in one to two business days.

Am I eligible?

To be eligible for a Liberty personal loan, the following conditions must be met:

  • Applicants must be over 18 years old.

  • Applicants must be Australian citizens or permanent residents.

  • Applicants must be employed and earning a minimum of $20,000 per year (the majority of your income cannot come from government benefits) to be eligible.

  • Applicants must have a good credit history.

  • Applicants must use the loan for personal purposes only.

What do I need to provide to qualify for a Liberty personal loan?

To determine your personal loan rate and successfully complete your Liberty personal loan application, you may need to provide the following information and documents:

  • Personal data, including name, address and date of birth.

  • Driver’s license, passport details and/or Medicare card details.

  • Proof of your address – for example, a utility bill.

  • Proof of your income in the form of payslips and bank statements.

  • Details of your daily expenses.

  • List of current assets and debts.

Image by Green Chameleon via Unsplash

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