PERSONAL LOANS

WHAT IS A PERSONAL LOAN?

A personal loan is a lump sum of money you borrow from a lender and repay over a set period, usually with fixed monthly repayments and a fixed interest rate.

Unlike a home loan or car loan, a personal loan generally isn’t tied to a specific asset (unsecured), which means it’s flexible – you can use it for almost anything.

Common uses include funding a home renovation, covering a major purchase, paying for a wedding or holiday, or simply having funds available for unexpected life expenses. Because personal loans are unsecured in most cases, approval is typically based on your income, credit history and overall financial position rather than requiring you to put up collateral.

Use the calculator to find out what your repayments might look like. This is only an estimate. For a customised quote, please contact us.

This is an estimate only, it does not include fees and doesn’t constitute a loan offer. All loans are subject to lender eligibility criteria. Contact Stellify for tailored advice.

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