Applying for personal loan? Here's what you need to know

Australia Explained – personal loans

Australia Explained – personal loans. Applying for a personal loan. Source: Getty Images/jayk7

Do you need a loan in a short order? It could be that a personal loan is the right choice for you. Although the time required to obtain this type of debt is relatively quick, it does not mean that it is without risk.


Personal loan is a loan or debts taken by someone for their personal needs, such as for renovating a house or for vacation expenses.

These days, with the increasing number of lenders and the faster a person can get a loan, it does not mean that we as the borrower do not need to be careful and do some research.

SBS Indonesian spoke to David Sutantyo, finance broker and Managing Director of Sydney-based Twelve Grains Capital, regarding the matter.

Listen to the full interview here.



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