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Liberty Personal Loans Review |

By providing loans with personal attention, Liberty offers the big four banks an alternative personal loan solution.

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

Liberty Personal Loan

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

  • debt consolidation

  • home renovations

  • public holidays

  • wedding expenses

  • medical bills

  • education fees

  • motor vehicles

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

*Comparative rates are based on a $30,000 five-year loan. Warning: This comparison fare is for this example only and may not include all fees and charges. Different conditions, fees or different loan amounts may result in a different comparison rate. Rates are effective July 5, 2022. View disclaimer.

Liberty personal loan features

Individual interest rates

Liberty offers personalized interest rates, which means borrowers receive interest rates tailored to their current financial circumstances, based on factors such as credit history, creditworthiness, employment status, cash flow, and loan amount. Borrowers who are classified as low-risk and have good credit and history can expect a lower interest rate compared to other types of borrowers.

Continue reading: Guide to risk-based personal loans

Flexible repayments

Liberty personal loans can be repaid weekly, fortnightly or monthly with terms ranging from three to seven years. Regardless of whether the repayment is weekly, fortnightly or monthly, the due date is always one month after borrowing – the so-called anniversary.


Aside from a loan setup fee, which ranges from 0% to 5.5% of the loan amount depending on your estimated risk, Liberty does not charge any ongoing, early repayment, early termination, or discharge fees.

digital process

Applying for a Liberty personal loan is a hassle-free 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, you must meet the following requirements:

  • Applicants must be over 18 years of age.

  • Applicants must be Australian citizens or permanent residents.

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

  • Applicants must have good credit.

  • Applicants are only allowed to use the loan for personal use.

What do I need to provide to get a Liberty Personal Loan?

In order to determine your personal loan rate and to successfully complete your Liberty personal loan application, you may be required to provide the following information and documents:

  • Personal data such as name, address and date of birth.

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

  • 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 liabilities.

Image by Green Chameleon via Unsplash

Richard Dement

The author Richard Dement