How to get a car loan?

Yes Loans’ broker will work with you to understand your individual, family, or business needs, as well as your specific budget abilities. We are not a bank we are a finance broker who helps match you with automotive finance offers with low-interest rates.

How to get a personal car loan?

If you are getting a personal car loan, Yes Loans has low-interest car finance options for new and used cars. We respond to car applications within 24 hours and have flexible finance options for you. We help get you into the car you want sooner with our easy to use online application form.

How to get a business car loan?

If you are instead getting a business car loan, you can do this through your business entity. When you finance your business vehicles with Yes Loans we will help you keep your bottom line down and all associated car finance costs attributed to the business car loan. This makes it easy for you to get what you need in one finance application.

What Other Car Buying Services Do Yes Loans offer?

Not only do we specialise in getting you a car loan, we also offer a comprehensive car-buying service to enhance your buying experience.

Personal Loans

Name: car loans
Brand: Yes Loans
Rating: 4.9 (52 reviews)

Quick Personal Loans

Whether you’re planning a home renovation, covering an unexpected medical bill, or finally booking that trip you’ve been putting off, a personal loan can bridge the gap. At Yes Loans, we’re a Perth-based finance broker who works harder to say yes more often.

We don’t lend directly. Instead, we compare options across our panel of lenders, including Angle Finance, Latitude Financial, Sovereign Credit, Pepper Money, Money3, and Allied Credit, to find a structure that fits your situation. Our brokers handle the hard work so you don’t have to.

You can apply online in less than 10 minutes. Getting your rate here won’t affect your credit score.

Get Your Personalised Rate

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Why Choose Yes Loans

At Yes Loans, we treat our customers the best way we can. We want you to be aware of everything that goes on in the personal loan process so nothing will come as a surprise later on. Our car finance brokers in Perth are not here to sell to you, they are committed to getting you the best finance options.

Secured personal loans from 5.70%*.

We work harder to say yes more often. Call (08) 9472 3000 or apply online today.

3 Steps for Fast Finance

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First Name*

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Email*

Phone*

Loan amount

$500

$250,000

Term of loan

2 years

7 years

Interest rate

18%

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Repayment Frequency

Weekly payment: $24.46

This calculator is a tool for indicative use only. For a finance estimate and information about interest rates, please complete our finance enquiry form or contact Yes Loans.

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What Is a Personal Loan?

A personal loan is a fixed-sum loan you repay over an agreed term, usually between two and seven years, through regular weekly, fortnightly, or monthly repayments. Most personal loans are unsecured, meaning no asset is attached as collateral, though secured options are available and often come with lower rates.

Personal loans can be used for almost anything. Popular uses include home renovations, travel, medical and dental procedures, debt consolidation, and major purchases. If you’re financing a car, a car loan is usually the better-structured option. Chat to one of our brokers and we can walk you through the difference.

What Can You Use a Personal Loan For?

One of the advantages of a personal loan is flexibility. Unlike a car loan or home loan, the funds aren’t tied to a specific purchase. Here are some of the most common uses our brokers see:

Home improvements and renovations – from a new kitchen to a full extension. See our home improvement loans page for more.
Travel and holidays – domestic or international. Our travel loans page covers how it works.
Medical, dental, or cosmetic procedures you need now and want to spread over time. See our medical loans page for details.
Debt consolidation – rolling multiple repayments into one. Our debt consolidation loans page explains when this makes sense.
Unexpected expenses – car repairs, urgent bills, or emergency costs.
Weddings, events, or major once-off purchases.

If you’re borrowing to buy a car, motorcycle, caravan, or boat, we have specialist loan products for each of those. A personal loan generally has a higher rate than a secured asset-backed product, so it’s worth comparing your options first.

What's the Difference Between a Secured and Unsecured Personal Loan?

This is one of the most common questions our brokers get, and it’s worth understanding before you apply.

	Secured Personal Loan	Unsecured Personal Loan
Collateral required?	Yes, an asset (e.g. a car) backs the loan	No asset required
Interest rate	Generally lower, lender holds less risk	Generally higher, no security to fall back on
Loan amounts	Often larger amounts available	Typically up to $200,000 through Yes Loans
Approval flexibility	May be easier to approve with some credit history	Based on income, credit history, and expenses
Risk if you default	Lender may repossess the secured asset	No asset at risk, but credit file is impacted

Not sure which structure suits your situation? That’s exactly what our brokers are here for. A quick chat on (08) 9472 3000 can save you a lot of back-and-forth.

Fixed or Variable Rate: Which Personal Loan Is Right for You?

Most personal loans in Australia are fixed rate, meaning your repayments stay the same for the life of the loan. Variable rate options exist but are less common for personal finance.

A fixed rate gives you certainty. You know exactly what you’re paying each month, which makes it easier to budget. A variable rate can move with market conditions, which means repayments could go up or down. For most borrowers taking out a personal loan for a specific purpose, fixed rate tends to be the simpler choice. Worth knowing: the national average for unsecured personal loans sits around 10.32% p.a. as of April 2026 (Finder). Secured rates average around 9.38% p.a. Your actual rate will depend on your credit profile and which lender on our panel your application is matched to.

Affordable and Flexible Personal Loans in Perth

At Yes Loans, we believe in keeping things transparent. No hidden costs, no surprises buried in the fine print. Our brokers will walk you through your options, including rates, fees, and repayment structures, before anything is submitted.

We work with a panel of lenders including Angle Finance, Latitude Financial, Sovereign Credit, Pepper Money, Money3, and Allied Credit. That panel diversity means we can often find a way forward for applications that might get a knock-back from a single bank or lender. Our minimum personal loan is $5,000. For smaller amounts, our referral partner MoneyBuddy may be able to help with loans from $500.

What Affects Your Personal Loan Interest Rate?

Lenders don’t offer everyone the same rate. Your rate is based on how much risk the lender perceives in your application. Here’s what typically has the most impact:

Factor

How it affects your rate

Credit score

Higher score generally means a lower rate. Lenders use Equifax, Experian, or Illion.

Secured vs unsecured

Secured loans are lower risk for the lender, so rates tend to be lower.

Loan term

Longer terms mean lower monthly repayments but more interest paid overall.

Loan amount

Larger amounts can attract better rates with some lenders, but not always.

Income and expenses

Lenders assess your ability to repay. A strong income-to-expense ratio helps.

Employment type

Full-time employment is lowest risk. Self-employed applicants can still be approved.

On a $30,000 personal loan over 5 years, the difference between a 8% and a 12% rate is roughly $65 a month, or around $3,900 across the life of the loan. That’s why shopping across a panel of lenders matters.

Can I Get a Personal Loan with Less-Than-Perfect Credit?

Yes, in many cases. A credit history that isn’t spotless doesn’t automatically close the door. Different lenders on our panel have different credit appetites. Lenders like Pepper Money and Money3 are experienced with applications that mainstream banks might decline, including applicants with past defaults, limited credit history, or recent financial difficulty.

Been knocked back before? That doesn’t mean you’re out of options. Our brokers assess your full picture, income, expenses, repayment history, and employment, and match your application to the lender most likely to work for your situation. For more on managing debt alongside a new loan, our debt consolidation loans page is worth a read. ASIC’s MoneySmart website also has practical guidance on understanding your credit report at moneysmart.gov.au.

Frequently Asked Questions

What is a personal loan?

A personal loan is a fixed-sum loan you borrow and repay over an agreed term, typically two to seven years. Repayments cover both the principal and interest, so you’re paying down the loan from day one. Most personal loans are unsecured (no asset required), though secured options are also available.

What's the difference between a secured and unsecured personal loan?

A secured personal loan uses an asset, such as a car, as collateral. Because the lender holds security, rates are generally lower. An unsecured loan doesn’t require an asset, which gives you more flexibility in how you use the funds, but rates tend to be slightly higher to reflect the additional risk to the lender. Our brokers can help you work out which structure suits your situation.

What's the difference between an interest rate and a comparison rate?

The interest rate is the base cost of borrowing. The comparison rate adds in most standard fees (like establishment and monthly fees) and rolls them into a single annual percentage, giving you a truer picture of what the loan will cost. Always check the comparison rate when weighing up offers.

How much can I borrow with a personal loan?

The minimum personal loan through Yes Loans is $5,000. For unsecured loans, the maximum is typically $200,000, subject to your income, expenses, and credit profile. Your broker will work through your most comfortable borrowing amount with you before any application is submitted.

Will applying for a personal loan affect my credit score?

Each formal credit application can leave an enquiry on your credit file, which can marginally affect your score. At Yes Loans, our brokers assess your situation before submitting anything, and we aim to match you to the right lender the first time. This reduces the need for multiple applications. Getting a quote through Yes Loans won’t affect your credit score.

Can I apply if I'm self-employed?

Yes. Self-employed applicants can be approved, though lenders typically want to see at least one to two years of trading history, plus recent bank statements and tax returns. Our brokers know which lenders on the panel work well for self-employed applications, which saves you time.

How long does approval take?

Most applications receive a response within one to two business days. More straightforward applications are often faster. Once approved, your broker will explain the settlement process and what happens next.

What documents do I need to apply?

Standard documents include: recent payslips or proof of income, bank statements (usually the last three months), a valid form of photo ID, and details of your current expenses and any existing debts. Your broker will let you know if anything else is needed based on your application.

Can I repay my personal loan early?

In most cases, yes. Most lenders on our panel allow additional repayments or lump sum payments without penalty. Early repayment conditions vary by lender, so your broker will walk you through what’s in your credit contract before you sign.

What can I use my personal loan for?

Almost anything. Home renovations, travel, medical expenses, weddings, debt consolidation, and large purchases are all common uses. If you’re buying a vehicle, it’s worth asking about a car loan or leisure loan instead, as those products are often better structured for asset purchases.

Do I need to provide security or a guarantor?

Not always. Unsecured loans don’t require either. For larger loan amounts or applications with more complex credit histories, a secured loan or guarantor can strengthen your application. If you’re considering a guarantor, it’s worth seeking independent legal advice beforehand so they understand their obligations.

Does Yes Loans charge a fee?

Yes, but only if your loan is approved and settled. In that case, we may charge a maximum fee of $2,500 inclusive of GST. This is included in your loan amount and disclosed upfront in our Credit Guide and Quote. You can call us on (08) 9472 3000 or apply online to get started.

How do I know my repayments

You can estimate your repayments using our loan calculator, which provides an indication of your repayment amounts based on your loan details.

Can I use a personal loan for debt consolidation?

Yes, a personal loan can be used to consolidate multiple debts into a single repayment, which may make managing your finances simpler. Learn more in our guide on how to use personal loans for debt consolidation.

Hear From Our Customers: We Offer the Best Personal Loans in Perth

Yes Loans

263 Albany Hwy, Victoria Park

4.8 275 reviews

Kristen Cillie
I have received an outstanding service from YES loans. Kim called me and within a few minutes everything was submitted and within the hour, my loan was … More approved!! I am very grateful for their amazing service, which is normally a stressful process, but in this case was very quick and easy!! Thank you Kim!!
★★★★★ in the last week
bradley lee
Trent listened to what I needed and came through with flying colours, kept me informed every step of the process.
Fast, professional and easy to deal with. … More
Thank you Trent.
★★★★★ 2 weeks ago
ron van der heyden ★★★★★ 2 weeks ago
Mark Hogben
Just dealt with Trent and getting a loan is very fast and efficient and very easy to deal with thank you
★★★★★ 3 weeks ago
Irene Wanjiku
Ridge was professional, efficient and prompt
★★★★★ 3 weeks ago
Cindy Roberts
I am very happy with all the help Cooper Boyd at yes loans gave me. He made getting a loan easy and did all the work. I highly recommend Cooper Boyd, very … More efficient, explanatory, friendly,helpful and honest. Thankyou so much for everything.
★★★★★ a month ago
Michael Aq
Cooper at YES Loans went above and beyond catering to my loan needs. He was not pushy but always attentive and kept me informed throughout the process. … More Loan approved quickly, ask for Cooper, you won't be disappointed. 5 STARS
★★★★★ a month ago
richard anderson
Trent was a great help very clear and transparent great service
★★★★★ a month ago
Hope Errington
I had a fantastic experience with Yes Loans. Trent handled everything for me and made the entire process incredibly quick, easy, and stress-free. He was … More professional, helpful, and kept me informed every step of the way. Everything was done efficiently, and any questions I had were answered promptly. I really appreciated how simple Trent made the whole experience. I would highly recommend Yes Loans to anyone looking for friendly, reliable, and efficient service. Thank you again, Trent!
★★★★★ a month ago