Wisr Personal Loan – review 2026
Pros
- ASX-listed lender with transparent governance
- Soft credit check available before formal application
- Open Banking integration for faster income verification
- No early repayment penalty
- Financial wellness tools included with account
Cons
- Establishment fee of AUD 595 is higher than some competitors
- Minimum loan of AUD 5,000 not suitable for small borrowing needs
- Maximum loan of AUD 64,000 lower than some rivals
- Late payment fee of AUD 35 applies
- Rates above 20% p.a. for lower credit profiles
Wisr Personal Loan Review
Wisr positions itself as a purpose-driven lender focused on consumer financial wellness. Listed on the ASX since 2018, it offers personal loans from AUD 5,000 to AUD 64,000 with interest rates ranging from 6.49% p.a. to 20.45% p.a. (comparison rate 7.05% p.a. to 21.10% p.a. based on a AUD 30,000 loan over 5 years).
The application is completed online with a soft credit check available to see estimated rate before submitting a full application. Wisr uses Open Banking data where applicants consent, which can speed up income verification.
Fees and Charges
Establishment fee: AUD 595. Monthly fee: nil. No early repayment fee. Late payment fee: AUD 35.
Requirements
- Australian citizen or permanent resident
- Minimum age 18 years
- Minimum income AUD 25,000 p.a.
- 100 points of ID required
- Employment or regular income must be verifiable via bank statements or Open Banking
Provider contacts
- Website
- https://www.wisr.com.au
- Online application
- Apply now →
- Regulator
- Australian Securities and Investments Commission (ASIC)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.