Personal Loans from $2K to $100K

A secured personal loan requires collateral (like a car, term deposit, or equity in property) to back the loan—this reduces the lender's risk, so you get lower interest rates and higher borrowing limits. An unsecured personal loan doesn't require collateral, making it faster and simpler to apply, but rates are higher because the lender takes on more risk. If you have an asset to secure against and want the lowest rate, go secured. If you need fast cash without tying up assets, go unsecured.

Personal loan amounts typically range from $2,000 to $100,000, depending on the lender, your income, credit score, and whether the loan is secured or unsecured. Most lenders will approve up to 3-5x your monthly income for unsecured loans. Secured loans can go higher—up to $100,000+—because you're pledging an asset. Kreddi brokers assess your situation and match you with lenders offering the highest approval amounts.

Yes. While major banks often decline bad credit applications, specialist lenders and non-bank financiers focus on your current income and ability to repay—not just your credit history. Expect higher interest rates (12%-18% p.a.) and possibly lower loan amounts. If you have collateral (like a car), a secured personal loan dramatically improves your chances. Kreddi works with bad credit specialists who approve 70%+ of applications rejected by banks.

Personal loans are almost always better for debt consolidation. Credit cards charge 15%-25% p.a., while personal loans range from 6%-15% p.a. A personal loan gives you a fixed repayment schedule, so you know exactly when the debt will be gone—credit cards can trap you in minimum payments for decades. For example: $20,000 at 20% on a credit card (paying $500/month) takes 6+ years to clear and costs $16,000 in interest. The same debt on a 5-year personal loan at 9% costs just $5,000 in interest.

Unsecured personal loans can be approved in 24-48 hours—sometimes the same day—if you have good credit and submit complete documentation. Secured loans take 2-5 business days because lenders need to value the collateral. Once approved, funds hit your account within 1-2 business days. Kreddi brokers fast-track applications by submitting error-free paperwork to the right lender first time, avoiding delays and rejections.