lendlab Personal Loan

How does the lendlab personal loan work?

Once your application is approved, lendlab will email you a loan contract. Depending on your circumstances, this could be a contract for a loan with lendlab or one of its lending partners. If you agree to the terms of the contract, lendlab will deposit the funds into your nominated bank account the same day or overnight.

lendlab personal loans are available from $10,000 to $100,000. lendlab personal loans can be used for multiple purposes including debt consolidation, home improvements, travel, cosmetic surgery and funeral expenses.

Eligibility criteria

• 18 years old or over
• An Australian citizen or permanent resident
• Receiving a regular income or Centrelink payments that make up less than half of your income

How to apply

• Driver's licence or birth certificate
• Medicare card
• Document/bill with your current address on it
• Internet banking details to view 90 days of bank transactions
• Two recent payslips (if you're self-employed you need a copy of your 2 most recent tax return and the notice of assessments)
• Income statement from Centrelink if you receive Centrelink benefits as an additional income only

lendlab will respond to applications within 1 to 2 business days.

While lendlab may be an option worth considering for your circumstances, remember to compare other $5,000 loan options prior to submitting an application.

Features of this loan

• Loan amount. Minimum of $10,000. Maximum of $100,000.
• Loan term. Loans are available on terms from 2 to 7 years.
• Secured or unsecured. lendlab provides both secured and unsecured personal loan options. Providing security may reduce your rate or increase the maximum amount that you are able to borrow. Secured loans are generally cheaper.
• Competitive rates. Compare over 40 lenders to find a loan that suits you. Interest rates vary depending on your financial circumstances and credit history.
• Apply online. lendlab application process is 100% online. Applications can be completed 24/7.
• Quick application. Applications only take a few minutes to complete and funds can be provided in under 24 hours.
• No upfront credit checks. Comparing personal loans via lendlab doesn't impact your credit score.
• Centrelink accepted. Applicants who receive Centrelink payments may still be able to apply for finance, provided that Centrelink does not make up more than half of their income.

How much does the lendlab Personal Loan cost?

• No early termination fee. None of lendlab's loans come with a fee for repaying your loan early.
• No annual fee. Most of lendlab's loans do not come with an annual fee.
• No monthly fees. Most of lendlab's loans do not come with monthly fees attached.

Please note that if you opt to finance from one of lendlab's lending partners, you may have to pay the above fees.

Other fees and charges may also apply. These will be outlined in a loan's contract. Therefore, it's always important to read a contract thoroughly prior to signing.

Compare other personal loans

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.75% to 26.95%	Comp. Rate (p.a.) 6.75% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment $922.89	Go to siteMore Info Compare
Harmoney Unsecured Personal Loan Finder award winnerFixed3 - 7 Years $2,000 - $70,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment $926.83	Go to siteMore Info Compare
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Finder award winnerFixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
Revolut Unsecured Personal Loan Fixed1 - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.56% to 24.99%	Comp. Rate (p.a.) 6.56% to 21.79%	Application Fee $0 - $499	Monthly Fee $0	Monthly Repayment $935.60	Go to siteMore Info Compare
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $973.85	Go to siteMore Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to siteMore Info Compare
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to siteMore Info Compare

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