---
title: Personal Loans
date: 2026-08-26T09:55:00+10:00
author: Lisa Whittle
canonical_url: "https://edgemoney.com.au/personal-loans"
section: Site Content
---
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1. [ Home ](https://edgemoney.com.au/)
2. [ Services ](https://edgemoney.com.au/services)
3. Personal Loans
 
#  Personal Loans 

 

 

You may be ready for a family holiday, consolidating your bills or even starting your own business.

 

 

 

 

 

 

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At Edge Money Tasmania we have over 40 finance institutions to source a personal loan for you. You may be ready for a family holiday, consolidating your bills or even starting your own business. We offer secured and unsecured loans for any legal purpose.

Debt consolidation is a process to combine your current debts such as credit cards, car loans and personal debts into one loan and therefore you will only haver to manage one monthly repayment at usually a much better interest rate depending on your circumstances.

 

 

 

 

 

 

 

 

 ## Why Finance Your Car with Edge Money?

 

 

 

 

  

 

 

Access to a broad network of bank and non-bank lenders to source competitive packages and negotiate better rates

 

 

 

  

 

 

Choose a secured loan for lower rates on larger amounts, or an unsecured loan for fast approvals without requiring collateral security.

 

 

 

  

 

 

Flexible funding tailored for holidays, weddings, home projects, starting a business, or unexpected expenses.

 

 

 

  

 

 

Roll credit cards, store finance, and existing loans into one easy monthly repayment to reduce stress and lower interest costs.

 

 

 

  

 

 

Streamlined loan processes designed to assist self-employed individuals and ABN holders.

 

 

 

 

 

 

 

 

 

 

 

 

 ### Frequently asked questions regarding personal loans

 

 

 

 

  What is a personal loan?  

A personal loan is a fixed-sum loan you borrow and repay with interest over a set term. It can be secured or unsecured.

 

 

 

  What’s the difference between secured and unsecured personal loans?  

A secured loan requires collateral (like a car), often with lower interest rates. An unsecured loan doesn’t require collateral and relies on your credit score. You make like an unsecured loan for a holiday, wedding anything legal!

 

 

 

  How quickly can I get approved?  

At Edge Money Tasmania approval times vary—some unsecured loans are approved in a day, while secured loans may take longer due to collateral checks.

 

 

 

  Are there any extra fees?  

**Yes**, there may be origination fees, account fees, or early repayment fees. Always check the loan terms for full details.

 

 

 

  Which is better secured or unsecured?  

- Choose secured if you need a larger amount, want a lower rate, and can comfortably use an asset as security.
- Choose unsecured if you prefer not to risk an asset and need a smaller loan or faster approval. Consider your credit score, loan purpose, and risk tolerance.

 

 

 

 

 

 

 

 

 

 

 

 

 ## Ready to get moving?

Get in touch with the local team at Edge Money Tasmania today for a free, no-obligation chat about your car loan options.

 

 

 

 

 [ Contact Us Today ](https://edgemoney.com.au/contact-us)