Accumulate a little extra credit card debt in 2017? Tired of managing multiple balances with high interest rates?

A low rate debt consolidation loan could be a great way to get on top of your high interest credit card and personal loan debt.

Get your Personalised Rate

*The Fine Print: Comparison rate based on a 3 year, $10 000 unsecured personal loan for a borrower with an excellent credit score. Your credit score will impact on your final rate interest rate. Rates and fees as at 30 January 2018. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Credit criteria and terms and conditions apply. Rates shown are subject to change. Financial Design for Life PTY LTD (ABN 75 113 320 620 ) trading as Rising Tide Financial Services is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited Australian Financial Services Licensee and Australian Credit Licensee 232 706.

A personal loan can be used to finance just about anything from a holiday to a wedding, from a camera to home renovations. If you’re self-employed and cash flow is poor, you can take out a personal loan to tide you over the lean times.

There are four main types of personal loans – secured, unsecured, variable and fixed. At Rising Tide we will advise you which one is the best for your particular circumstances.

Secured Loan

When you take out a secured loan the item purchased with the borrowed money is held as security against the loan. If you fail to meet your payment obligations, the item purchased can be repossessed and sold.

The money raised is then used to pay off the remainder of the loan. Secured loans are best suited to more expensive purchases and, because of the relatively low risk to the lender, interest rates are lower than those for unsecured loans.

Contact Rising Tide today to find out how we can help you.

Unsecured Loan

An unsecured loan has no assets held as security against it. If you need money for everyday personal purchases, this type of loan might be adequate.

However, because there is no security, interest rates tend to be higher than for secured loans.

Contact Rising Tide today to find out how we can help you.

Variable Loan

With a variable rate personal loan, the interest paid may change during the life of the loan. If interest rates fall, your loan repayments will go down accordingly. However, if rates rise so will your repayments. If the loan is over a long period, this can make budgeting difficult.

Contact Rising Tide today to find out how we can help you.

Fixed Loan

As the name suggests this type of loan has a rate of interest which is fixed for the life of the loan. This makes budgeting much easier as you know exactly what you loan repayments will be no matter what happens to interest rates. If interest rates fall below your fixed rate you may feel you’re paying too much but if rates climb above you’re fixed rate you’ll feel as if you are saving money.

Contact Rising Tide today to find out how we can help you.

Get your Personalised Rate Estimate*

The first step is to see if our personal loan is right for you. It's free and there's absolutely no obligation to take out a loan.

It's as easy as:

1Get your 1 minute estimate below 2Apply in 5 minutes 3Get money in 24 - 48 hours