Personal Loans

Personal loans can be secured or unsecured. To qualify for these loans, you need to show you are able to repay the loan, have as clean as possible credit file and have a minimum credit score which can vary from one lender to the next. Personal loans can be for almost any worthwhile purpose and can be from 12 to 84 months in term. We can even consolidate your other debt into one loan with just one payment to help you budget better.

The process for applying for a personal loan at Westcorp Capital is the same as car loans with the real difference being the ability to obtain a loan without security. We will do the application with you and then handle the rest with the lenders on your behalf to obtain a suitable loan for you.

This is a very important one. As generally there will be no security with a personal loan, it is heavily reliant on your credit score and stability in employment and residency, the longer these are, the better the terms will be from the lenders. A higher credit score may result in a lower interest rate on a personal loan. However, interest rates can also depend on other factors. It is best to contact Westcorp Capital directly for information on current rates and how credit score may impact them.

This is one of the most common reasons for people to obtain a personal loan. We can generally consolidate your other debts and credit cards into one loan and substantially reduce your payment commitment to give you more surplus and reduced expenses. Give us a call to see if you qualify.