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
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.