There are many types of personal lenders on the market. Remodeling your house, consolidating your debts, going on vacation, and much more are possible thanks to the personal lenders. However, one question may be popping up in your mind: where can I get a personal loan?

Yes, where can you get a personal loan to finance your needs? This piece is written to provide the answers.

In this article, you will discover the best type of personal lender, the ways you can get one without a credit history, and how to get it quickly.

Where can I get a personal loan? Types of personal lenders

To apply for a personal loan, you can go to:

  • traditional banks, 
  • credit unions, 
  • online lenders

Each of these types of personal lenders has different requirements (such as collateral, credit scores, and monthly income) and offer different amounts of money.

Now let’s answer the question “where can I get a personal loan?” By taking a closer look at each type of lender:

 1. Banks

The banks are possibly the types of personal lenders that come to mind when you think of financial products. Although you may have to meet with a bank representative in person to apply for the loan, some entities allow you to apply online. 

Banks are very demanding and, among other requirements, you will need an excellent score on your credit report to qualify. This also ensures that interest rates are lower. 

If you are already a customer of the bank, you could have some benefits.


The bank loan

You can access funds from $ 3,000 to $ 100,000, but it all depends on your credit history, the size of the bank or if you are already a customer. The terms range from one to seven years.


  • If you are already a customer you can receive the funds faster 
  • Loans up to $ 100,000 


  • You need a very high credit history to qualify 
  • Interest rates are higher

2. Credit unions

Unlike banks, credit unions are non-profit financial institutions. In most cases, you have to be a member to apply for a loan. 

As they operate in particular areas and serve small communities, it is easier to access their services in person. Even without an outstanding credit history, these entities will be willing to lend you.  Interest rates are lower than those of banks.

The credit union loan

If you don’t need a lot of capital, go to a cooperative. You can get a loan from $ 500 to $ 50,000. You will have up to five years to pay your debt.


  • Lower interest rates than at banks 
  • You don’t need such a high credit score 
  • If you do not require a large sum, this is the lender you are looking for 


  • You have to be affiliated for them to lend you 
  • Not all cooperatives offer personal loans


3. Lenders online

There is a large supply of lenders online. The best part is that your application process is entirely online and very simple. You can receive the funds in a couple of days. 

Some of these types of personal lenders specialize in lending to people with low credit scores. As all procedures are done virtually, lenders save on infrastructure and can pass on these low operating costs to their clients, reducing interest rates.


The online loan

With this financing method, you can access loans from $ 1,000 to $ 100,000, or even more. The term to return the money can range from 1 to 12 years.


  • Your requirements are not that demanding 
  • You don’t need a blazing credit score 
  • Disburse funds in no time 


  • Interest rates vary widely and sometimes exceed those of banks and cooperatives 

Other considerations when choosing a personal lender

If you were wondering “where can I get a personal loan?”, You already know three options at your fingertips. So let’s focus on other aspects that you should take into account when looking for the right loan:


  • Secured or unsecured loan?

Now that you know where to ask for a personal loan, you need to know that this type of credit can be secured and unsecured. 

A secured loan requires collateral that can be property or assets. If you don’t pay, you could lose the collateral.

An unsecured loan does not need collateral. 

Banks, credit unions, and online lenders can offer both types.

  • Compare and contrast different options

Compare the lenders. This is what you should consider within the personal loan offer:  

  1. Interest rates 
  2. Terms of Service 
  3. Loan amount (minimum and maximum) 
  4. Collateral 
  5. Minimum credit score 

Application process

After selecting the best loan, present the required information and documents, physically or virtually, depending on the nature of the lender. Generally, in the application process you will need to include:

  • Personal identification 
  • Information about your employment 
  • Address 
  • Social Security number  
  • Financial information

Where to get a personal loan without credit?

Besides answering the question “where can I get a personal loan?”, the next important question to answer is how to secure a personal loan without credit. In this case, there can be two options. The first, as you will see, is not as convenient as you might think.

  • Payday loans

First, this is the alternative that some consider to be the simplest but is definitely not the right one. These are payday loans.

Finding these lenders is easy and they will be happy to lend you money, but only a few hundred dollars. 

In addition, their willingness to lend you is not free and is due to the very high-interest rates they charge. These could cost you between 200% and 300% annually. They could even be 700%!

  • An online lender

But there is an alternative that is much less expensive, more convenient, faster, and available to those who do not have a previous credit history. 

 If you’re considering taking a personal loan, it’s always a nice idea to get a broker to help you find a lender who will provide the loan you need for you with good terms and conditions.

However, getting the right broker is always a challenge many faces. We, at Fincue, evolved to solve this problem. We have experts who will help you find an appropriate broker who will work to secure your interest in getting a lender for you. Speak with us today for Personal Loans in Australia.