Wisr personal loan interest rates & review

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Wisr is a provider of financial products and services in Australia, including personal loans and credit score services.

Below we round up the personal loans Wisr offers its customers.

What personal loans does Wisr offer?

Wisr offers a single personal loan product with secured and unsecured options available for a variety of purposes. To find out about how these loan types differ, you can read our explainer on secured versus unsecured loans.

Here’s a summary of the features, fees and rates that apply to Wisr’s personal loans at the time of writing:

Interest rate: fixed rates ranging from 6.49%p.a. to 20.95%p.a. (comparison rates fixed from 6.49% p.a to 20.95% p.a.). The rate that applies to your loan will be determined by your credit score and other factors.

Fees include: 

  • Establishment fee: $595
  • Annual fee: $0
  • Late Payment Fee: $25
  • Payment Dishonour Fee $2.75

Loan amounts available: $5,000 – $64,000


  • Monthly, fortnightly or weekly repayments
  • Early repayment allowed without penalty
  • A ‘roundup’ app that helps customers pay off their debt sooner by rounding up the value of transactions a customer makes using their nominated bank account an putting the difference towards paying down the loan.

It’s important to note that other terms, conditions, fees and eligibility criteria may apply to Wisr personal loans so if you are considering taking out a loan, it’s important to read the target market determination (TMD) and other key documents carefully to ensure that the product is suitable for you.

Compare Personal Loans

Wisr personal loan FAQs

What can you use Wisr’s personal loans for?

Wisr states its personal loans can be used for “any worthwhile purpose”, however it does note that some loan purposes may require security.

Some of the purposes Wisr says its personal loans could potentially be used for are:

  • debt consolidation
  • a car, motorbike, caravan and other types of vehicles
  • home renovations
  • a wedding
  • travel
  • medical expenses
  • education

Read the product disclosure statement (PDS) from Wisr to see what you can and can’t take out a personal loan for.

What are the loan terms on Wisr’s personal loans?

Wisr offers customers the choice of a three, five or seven-year loan term.

What are the fees on Wisr’s personal loans?

At the time of writing, Wisr charges a $595 establishment fee, as well as a $25 late payment fee, and a $2.75 payment dishonour fee. Wisr does not charge annual or administration fees, or fees for making early repayments.

You can view the fees charged on other personal loan products in our personal loan comparison tables.

Compare Personal Loans

How to apply for a Wisr personal loan?

Before getting started, you might first like to use Canstar’s personal loans comparison tables to see how Wisr’s personal loans stack up against other providers before choosing a product that suits your needs.

If you decide to go with Wisr, you can apply for one of its personal loans on its website. You will need to complete an initial quote form before being able to apply for a loan proper.

Wisr says that in order to be eligible for one of its loans you must:

  • Have a gross income of more than $30,000 p.a.
  • Be older than 18 years of age
  • Have no unpaid defaults from the last five years
  • Have no bankruptcies in the last seven years
  • Not be currently in financial hardship
  • Be a permanent Australian resident currently residing in Australia

Other terms and conditions could apply.

Wisr is an ASX-listed financial services company that offers personal and car loans, as well as calculating credit scores and other financial solutions to Australian consumers. It was originally set up as a peer-to-peer lender but has since moved to a different lending model based on wholesale funding, according to Wisr.

This content was reviewed as part of our fact-checking process.

Written by: Sean Callery | Last updated: December 7, 2021