Safe Financial Reviews | How to Apply for a Personal Loan with Safe Financial

Safe financial personal loan, how to apply, eligibility & requirements, Safe financial interest rate, fees & charges, customer contact details.

We all know that unexpected costs can occur at any time and although there’s no way to plan for them and also we may not have that must of savings in our bank account. In that case, the only option is to get a loan from a trusted platform. Today we are here to do Safe Financial Reviews | How to Apply for a Personal Loan with Safe Financial which can help you to get the loan based on your requirement.

Loan App NameSafe Financial
Loan Amount$1000 to $5000
Loan Tenure22 weeks to 52 weeks depending on the loan amount
Interest RateStart from 8.7% p.a.
Establishment FeeRanging from $200 to $400, depending on the loan amount

A detailed review of the Safe Financial loan platform can give you a clear idea of how it works, its fees, interest rate, and the information you need to apply for a loan.

Let’s start with the Safe Financial description…

What is Safe Financial?

It is an online trusted credit provider platform that helps Australians to manage their finances by providing them loans.

It mainly provides small personal loans to individuals.

For over 15 years Safe Financial has been helping Aussies to get the things they want when they need them.

The process of loan application is completely online so that you do not have to visit anywhere. just complete the application and you will be guided further through a call.

It has Safe Finance Pty Ltd, Safe Business Finance Pty Ltd, Safe Debt Management Pty Ltd as Safe Financial Group of Companies.

Types of Loans Safe Financial Offers

Safe Financial offers various types of small loans as mentioned below.

  • Personal loan
  • Motor Vehicle loan
  • Business loan
  • Home loan
  • Bad Credit loan
  • Debt Management loan

We will discuss Personal loans and Motor vehicle loans in this article as they are the most common individual needs.

Safe Financial Personal Loans

A personal loan is a sum of money that you borrow from a lender, such as a bank or credit union, over an agreed time period. you have to repay this loan in weekly, fortnightly, or monthly installments with interest, which may be fixed or variable across the life of the loan.

In simple terms, a loan which you can get for your personal needs, use it personally for anything you want. you do not have any restriction over its uses.

For Example – you can use a personal loan for travel and accommodation, Debt consolidation, Car expenses, New furniture or household appliances, Family emergencies, Home renovations, Medical expenses, and many more…

Safe Financial Personal Loan Features

There are various great features of safe financial personal loans. you can find them listed below.

  • It offers two types of loans, known as small loans ranging from $1000 to $2000 and medium loans ranging from $2001 to $5000.
  • The loan application process is completely online.
  • It provides mainly short term loan.
  • At safe financial, the personal loans interest rates range from 8.7% p.a. up to a maximum Annual Percentage Rate (APR) of 48% depending on the loan term and amount.
  • Most loans are approved and money will be deposited to your bank account within 24 hours.
  • Safe Financial offer unsecured personal loan, from $500 to $5000.
  • At Safe Financial you can repay unsecured loan from 22 weeks to 52 weeks depend on the loan amount.
  • There are no restrictions or penalties for repaying your loan early. You could save on interest or fees as well.

Safe Financial Personal Loan Eligibility & Requirements

  • Be 18 years or older.
  • You must be an Australian citizen or permanent resident.
  • You should have a steady source of income. Income proof is needed.
  • You must have a bank account and phone number in your name. Your internet banking details are required.
  • Your income should be at least $500 per week.
  • A reference and their contact details are needed.
  • If you only receive Centrelink benefits you are not eligible.
  • You should not in a debt agreement or about to enter bankruptcy.

Documents that you may need to apply for a loan

  • Your photo ID documents such as your Australian driving license or 100 points of ID.
  • Details of your current and previous (if applicable) employer.
  • Details of your income, assets, expenses and liabilities.
  • If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
  • last 3 months bank statements.

How to Apply for a Personal Loan with Safe Financial?

  • Visit Safe Financial official website and click on Apply Now button on the top right hand side.
  • On the next page choose your required amount, select your repayment option and click on Apply Now button.
  • Read the requirements or instructions and click on the Continue button.
  • On the next page select What do you need the loan for? and then choose one sub categories and click on the Next button.
  • Now, enter your name ,date of birth, Mobile number, email address and click on the Next button.
  • Next, fill your fill your income & employment details ,enter your bank details, proof of income etc. and submit the loan application.
  • Then, to finalise your loan application, you will get a call from Safe Financial to confirm certain questions, so make sure you are contactable by phone during our office hours.
  • After confirming the details if your loan amount is approved usually within a few business hours, the fund will be transferred to your bank account on the same day.

How Does a Safe Financial Personal Loan Process Work?

  • Apply: Complete the loan application process online by sharing basic information about your income, employment, personal details, address, bank details etc.
  • Lending Decision: Once the application process is completed, Safe Financial will process your application and provide you a lending decision quickly.
  • Confirmation Call: To finalise your loan application, safe financial person will speak with you to confirm certain questions on phone.
  • Sign Documents: If your selected loan amount is approved, review, accept it and sign your loan agreements.
  • Get Funds: After accepting & signing the loan agreements, you will receive cash to your linked bank account via Direct deposit within 24 hours.

Safe Financial Loan Interest Rates & Fees

  • Interest Rate: At safe financial, the personal loans interest rates range from 8.7% p.a. up to a maximum Annual Percentage Rate (APR) of 48% depending on the loan term and amount.
  • Establishment Fees: For loan up to $1000, Establishment fee is $200, loan up to $1500, Establishment fee is $300 and for loans greater than $2000 and up to $5000, an establishment fee of $400 you have to pay.
  • Monthly Fee: Monthly fee will vary from $40 to $400 depends on the amount of the loan.
  • Other Fees: Other fee may apply like Direct Debit dishonour fee, late payment fees etc.
Types of Charges or FeeRate or Payable Amount
Interest RateThe personal loans interest rates range from 8.7% p.a. up to a maximum Annual Percentage Rate (APR) of 48% depending on the loan term and amount.
Establishment FeeFor a Loan of $1000, an Establishment Fee will be $200
For a Loan of $1500, an Establishment Fee will be $300
For a Loan of $2000, an Establishment Fee will be $400
For a loan greater than $2000 and up to $5000, an Establishment Fee will be $400
Monthly FeeFor a Loan of $1000, the Monthly Fee will be $40
For a Loan of $1500, the Monthly Fee will be $60
For a Loan of $2000, the Monthly Fee will be $80
For a loan greater than $2000 and up to $5000, the Monthly Fee will be up to $399

How Safe Financial Personal Loan Repayment Works?

Safe Financial offers loan repayment on a monthly, weekly, and fortnightly basis. All scheduled loan repayments must be made via direct debit.

It means Your regular scheduled payments will be automatically withdrawn from your bank account when your payments are due so you need not worry about missing a payment.

Make sure to maintain a sufficient balance in your bank account on the due date to avoid Direct Debit Dishonour Fee or NSF (Non-Sufficient Funds).

Safe Financial Car Loans

Safe Financial also provides Car loans of up to $7000. It is also known as Motor vehicle loans.

In case, if you want to buy a vehicle and not borrow money for anything else then a Safe Motor Vehicle Loan is for you.

Safe Financial provide loan on new and used vehicles (all models) which means you can buy from a car dealer or a private seller.

You can use Car loans for various purposes like Purchase a car, Rego | Insurance, Repairs | Brakes | Tyres, Petrol, etc.

Feature of Safe Financial Car Loans

  • Safe Motor Vehicle loans are from $3000 to $7000.
  • Application is fully online and very easy.
  • Approval is also very fast.
  • Flexible repayment plan are available.

Requirements of Safe Financial Car Loans

  • Be 18 years or older.
  • You must be an Australian citizen or permanent resident.
  • You should have a steady source of income. Income proof is needed.
  • You must have a bank account and phone number in your name. Your internet banking details are required.
  • Your income should be at least $500 per week.
  • A reference and their contact details are needed.
  • If you only receive Centrelink benefits you are not eligible.
  • You should not in a debt agreement or about to enter bankruptcy.

Documents may be required to produce

  • Your photo ID documents such as your Australian driving license or 100 points of ID.
  • Details of your current and previous (if applicable) employer.
  • Details of your income, assets, expenses and liabilities.
  • If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
  • last 3 months bank statements.

How to Apply for a Car Loans with Safe Financial?

Visit the official website of Safe financial and click on the Apply Now button. On the next page choose the amount, payment term and click on the apply now button.

Next, click on Get started, read the warning, and click on the Continue button. On the next page select the purpose of the loan, select one sub-category and click on the Next button.

Enter your personal, financial, employment details and proceed further with the given instructions.

Is Safe Financial Legit and Safe?

Yes, safe financial is a trusted credit provider. for over 15 years it has been helping Australians to get the things they want when they need it.

Safe Finacial has a group of companies that works on different verticles like business loans, helping people in Debt management.

It takes take reasonable steps to ensure that your personal information held by us is protected from misuse, interference, and loss, and from unauthorized access, disclosure, or modification.

Safe Financial Personal Loans Pros & Cons

ProsCons
The loan repayment term is also very good i.e from 22 weeks up to 52 weeks.High-interest rates may apply if the credit score is poor or bad.
Transparency is there as most of the fees are on the website.All the fees are not disclosed on the website like late repayment, Direct Debit dishonor fees.
The loan amount is small as you can apply up to $5000 only.You must earn a minimum of $500 a week.
No early repayment fee.Minimum of $500, you must apply for a loan. not less than that.

Safe Financial Personal Loans Reviews & Feedback

Trustpilot shows 3126 reviews on its website out of which 91% had excellent feedback. It also has a rating of 4.9 out of 5 which is excellent.

Safe Financial Contact Details

Safe Financial Customer Support Contact Number = 1300 661 991

Safe Financial Customer Support Email ID = support@safefinancial.com.au

Safe Financial Opening Hours =

Mon to Thu = 8 am – 4:30 pm (AEST)
Fri = 8 am – 4pm
Sat and Sun = closed

Safe Financial Head Office Address = 17 Suter Street, Southport QLD 4215

Safe Financial Postal Address = P.O Box 6840 G.C.M.C,BUNDALL QLD 9726

Conclusion

Through this article, we have done Safe Financial Reviews | How to Apply for a Personal Loan with Safe Financial. I hope the analysis will be useful to you.

If you need a small amount of loan for a short period of time you can try out a safe financial online loan provider platform instead of visiting the bank that can take longer than usual.

It is very important to calculate the total repayment amount after adding the interest, charges, and fees to the principal amount. remember that for any short-term loan your interest can go high. check with the provider once.

If you feel the rates and charges are high, you can choose another online loan provider platform to get a personal loan.

Choose your loan provider Wisely!!

Read Also

FAQs

1: What is a safe financial phone number?

Safe Financial Customer Contact Number = 1300 661 991

2: Can I apply for a safe financial loan if I have bad credit?

Yes, you can apply if you have some bad credit. However, you should not apply if you have multiple unpaid loan defaults on your credit report or are currently in a Part 9 Debt Agreement.

3: How much can I borrow from the safe financial platform?

You can apply for any amount from $500 to $5000.

4: How long it will take to receive the fund to my bank account?

If your loan amount is approved and you signed and returned your loan documents. the same-day funds will be transferred to your bank account.

5: Does it cost anything to apply for a safe financial loan?

There are no application fees, so it costs nothing to apply for a Mini Loan. Fees are only payable if your loan amount is approved and transferred to your bank account.

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