Important disclosure

Personal loans for $12,500

Need to borrow $12,500 for a major purchase, to go on a well deserved holiday or perhaps to consolidate your debts into one simple repayment? When comparing loans for $12,500, use the filter below to calculate your repayments of your desired term.

Calculate loan repayments

Loan Amount

$12,500

Term

3 months

Sorry, no results were found

BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

results per page
What type of loan are you looking for?

What type of $12,500 loans are on offer?

Personal loans can be split into the following categories:

What’s the difference between secured and unsecured loans?

  • Secured personal loans use an asset you own as collateral. If you are unable to repay the loan, the lender can then repossess and sell the asset to recoup some or all of the losses from the unpaid loan. If you own a car, property, term deposit or some other valuable asset, you will likely be offered a lower interest rate in exchange for offering it as collateral. You could potentially borrow a larger sum of money if you offer security and the meet the lending criteria.
  • Unsecured personal loans are loans where you do not put up an asset as collateral. Unsecured loans are higher risk for the lenders, because if you default on the loan, there’s a reduced possibly to recoup the loan. These types of loans come with a higher interest rate, because it reflects the greater risk

What’s the deal with fixed and variable interest rates?

Sometimes, nothing. Though other of the times, it impacts the maximum term of loan, the maximum amount you can borrow, the interest rate and whether the loan includes a redraw facility or allows you to repay early without incurring a penalty fee.

  • Fixed interest rates will not change over the life of the loan, which makes it easier to budget. By agreeing to a fixed interest rate for the life of the loan, there is no risk that you will miss payments because the interest rate increases. On the flipside, if there is an interest rate cut in the future, you will miss out on any possible savings. Some lenders may not include a redraw facility on fixed rate loans or will include an early repayment fee.
  • Variable interest rates may rise and fall throughout the life of your loan. This could potentially mean that you will save money in the future if interest rates fall, but if interest rates rise in the future could become difficult to continue to meet the monthly premiums. Variable interest rate personal loans tend to be more flexible for payment terms than fixed rate loans, which gives you more options to manage your finances and tailor your payments to work for you.

Do you have an personal loans repayment calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for an personal loan?

If you’d like to apply online for an personal loan, just scroll up and click on “GO TO SITE” to be taken to a secure online application form. Before you apply, be sure to learn about the lender’s fees and eligibility criteria. The ease of application varies between lenders, so give yourself around 30 minutes to complete the application.

Personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the lender’s lending criteria. Below is high-level overview of eligibility criteria that may impact your chances of being approved for a personal loan:

Minimum requirements for a personal loan
  • Minimum age: Range is between 18-21 years of age
  • Minimum income: Range is between $15,000 and $50,000
  • Employment status: This varies between lenders, some lender will lend to those on a pension or on benefits, whilst others require that you’re regularly employed
  • Residency (Most lenders require you to be an Australian citizen, permanent resident or have a valid visa). A handful of lender allow 457 visa holders to apply.
  • Credit score. Some lenders vary their interest rates based on whether you have an excellentgoodaverage or below average credit score.
  • Affordability. Lenders will look at your current income minus your outgoing expenses to determine if you have enough left over to repay the amount you wish to borrow
How much can you borrow?

This will depend greatly on your eligibility criteria. We strongly recommend reading this blog on how much you can borrow and whether or not you will be approved.

Information you’ll need to provide

Whether at the branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID
  • Recent bank statements, going up to 3 months back

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Popular personal loans searches

View all search queries

  • Personal Loans to Borrow $34,500
  • Personal Loans to Borrow $15,500
  • Directmoney Personal Loans Repayment Calculator
  • Personal Loans for Credit Card Debt
  • ECU Australia Personal Loans Repayment Calculator
  • Easy Street Personal Loans Repayment Calculator
  • Defence Bank Personal Loans Repayment Calculator
  • Personal Loans to Borrow $14,500
  • Personal Loans to Borrow $13,000
  • Community First Credit Union Personal Loans
  • CUA Personal Loans Repayment Calculator
  • Personal Loans to Borrow $16,500
  • CUA Personal Loans
  • Community First Credit Union Personal Loans Repayment Calculator
  • Personal Loans to Borrow $17,000
  • Community First Credit Union Personal Loans
  • Personal Loans to Borrow $12,500
  • CUA Personal Loans
  • Personal Loans to Borrow $13,500
  • Personal Loans to Borrow $14,000
  • Personal Loans to Borrow $10,000
  • Personal Loans to Borrow $10,500
  • Personal Loans to Borrow $19,500
  • Personal Loans to Borrow $16,000
  • Personal Loans to Borrow $15,500
  • .