Get your finances in order

The first thing to do before obtaining an unsecured loan (as with any loan or credit situation) is to rectify any finance-related issues. 

Credit reports will impact your personal loan interest rate and the funds available to you, which is why it is so important to deal with any past agreements to clear your credit history before getting a new loan.

For example, consider paying off any existing loans and credit cards, as well as removing any financial commitments that are no longer needed, and calculate the cost savings.

With Driva our smart platform and dedicated team of finance experts will protect your credit score by making sure you’re extremely likely to be approved before sharing any personal information with your chosen lender. We’ll also be able to tell you ways to improve your credit history and future health, so that you can secure the lowest comparison rate possible.

And even if you have never taken out a loan before or your credit is not the best, Driva may still have unsecured personal loan options for you or at the very least, be able to recommend ways to improve your credit rating for the future. 

Understand your affordability

Be realistic with your finances before seeking out an unsecured loan, it is important to know how much you can afford. That means taking into account how you will repay the loan and what your ongoing commitments are. For example, having a budget for repayments that is more than your monthly income may be unsustainable in the long term. Work out a comfortable finance term with personal loan repayments you can afford without compromising any lifestyle essentials. 

Driva will be able to tell you the maximum amount you are eligible to borrow so that you can spend with confidence! You can get started by using our personal loan calculator to get an idea of the finance options available to you. 

Get pre-approval

At Driva we're able to find you the best unsecured loan deal by helping you compare more than 15 lenders, negotiating on your behalf, then obtaining an indicative pre-approval interest rate and monthly repayments for you, which we can then hold on ‘standby’ until your ready for the funds to hit your account.

This pre-approval can speed up the process considerably because it means that all financial checks are done before you need the money in your account, and you can spend with complete confidence knowing exactly how much you can afford.

An unsecured personal loan, compared to a secured personal loan, has a much simpler approval process, as no asset details are required and there are fewer third parties involved. This means you can get access to an unsecured personal loan sooner than a secured loan. Unlike a car loan, these funds can be used for many different purposes, from wedding expenses to debt consolidation. However, the ease of a personal loan may be partially offset by higher interest and comparison rates, as lenders take on greater risk than a secured loan.

Yes. Our lenders can provide personal loans starting at $2000, and ranging all the way to $63000. Our wide array of lenders mean you can receive a personal loan for pretty much anything, ranging from those home repairs you’ve been putting off, to that three month trip to Europe you’ve been dreaming about.

Yes! Driva works with over 15+ lenders to quickly and easily surface the most cost effective, unsecured personal loan rates with no hidden fees. Driva runs a ‘soft credit check’ to provide an indicative pre-approval based on your profile. This means that we’re able to provide fully personalised interest rates up front without recording an enquiry on your credit file! We operate with an Australian Credit Licence, so you can be sure we take your application seriously.

At Driva, we offer a variety of finance options beyond personal loans. We finance all types of vehicles, from camper trailers to second-hand cars and business auto loan solutions so you can find the right solution for your unique needs and budget. We even have competitive electric car loan rates for our eco-conscious drivers.