Symple’s Formula For Better Rates And A Better Experience
Here’s the reality. Competition is limited among traditional banks in Australia. As a result, interest rates paid by Australian customers (particularly for personal loans) are much higher than they ought to be.
Symple is not a bank. We’re a marketplace lending company solely focused on personal loans. We use state-of-the-art digital technologies to sell loans directly to customers and we finance those loans with money provided by private Australian investors.
By doing business online, and streamlining our processes, we’re able to keep our costs down. We also make much lower profit margins than a bank. This allow us to invest in things that make the loan experience better for our customers.
Since we don’t have brick-and-mortar branches we save on operational costs.
Online applications allow us to provide a response in just 60 seconds.
Our skilled customer service team is based in Melbourne, Australia and ready to assist.
At Symple, our unique underwriting process allows us to offer interest rates and loan terms that are specific to you.
We reward customers who have the highest credit scores, with interest rates generally well below what most major banks offer. But that also means our rates may not be better for those with credit scores that are not quite as strong.
By using Symple’s Quick Quote feature, you’ll get your personalised indicative rate in just 2 minutes (and before you apply). You can then use that rate to compare against what others are offering, so that you get the best rate available.
Your application information and credit history are used to offer the best rate we can.
5.99% to 25.99% p.a.
Loan Establishment Fee
A one-time charge based on
and added to the loan amount when
funds are deposited in your account.
2% to 5%
The loan interest rate, plus fees and charges which helps you compare to get the best rate.
7.55% to 29.20% p.a.*
Easy Process. Fast Decisions. Funded Next Business Day.
Don’t spend your entire day applying for a loan and then several more days or weeks waiting for approval and funding. Our fast and efficient digital loan application means that the money can be in your account the next business day.
Step 1: Get Your Rate
Check your personalised interest rate to decide if a Symple loan is right for you.
Step 2: Submit Your Application
Have your personal information ready and then complete our short online application.
Step 3: Get Approved
Based on the information you provide, you’ll get response back in literally just 1 minute.
1 Business Day
Step 4: Get Your Money
Within 24 hours, we'll initiate the money transfer to your account.
*This comparison rate is based on a $30,000 unsecured personal loan for a 5-year term. Warning: The comparison rate is true only for the example given and may not include all fees and charges. Different loan terms, fees or loan amounts might result in a different comparison rate.