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A woman painting house; image used for HSBC Australia Ways you can use a personal loan.

Ways you can use a personal loan

A personal loan is one way to make your plans a reality. Depending on what you want to achieve, from buying a car to consolidating your debt to having the perfect wedding day, a personal loan could be an effective way to manage your finances. With it's versatility, a personal loan could be the right option for you. Consider some of the things it could help you do.

Buying a car

With a personal loan, you may be able to buy a car sooner. If you have your finance already arranged, you could be in a stronger position to negotiate a great price on your next car, since you can make a deal on the spot.

Plus, you will have the confidence of knowing what you can spend, what your repayments will be and how long it will take to repay the loan.

Debt consolidation

With different debts, such as multiple credit cards and store cards, juggling repayments can become tricky. They may have different payment dates, different interest rates, and carry penalties if missed.

By consolidating your debts into one loan you have one fixed repayment per month, normally at a lower interest rate. By taking out a debt consolidation loan, it's one way to manage repayments more effectively and potentially pay off what you owe faster.

Education loan

Looking to take the next step in your career? Or a new career direction? Whatever your study goal, set yourself up the right way to make the most of your professional development.

A personal loan means you can afford tuition fees and you know what your repayments will be each month as you undertake your studies.

Renovation loan

More than likely there's an area in the house you want to improve. It could be a bathroom, the kitchen or even the garden.

A personal loan could help you make these smaller alterations faster, letting you enhance your home more quickly.

Wedding loan

The big day can often have a lot of big expenses, such as venue hire, catering, entertainment, cars, flowers, and the honeymoon.

To help you manage your budget, a personal loan can provide you with a set amount and set repayments, so that you can enjoy your big day.

Holiday loan

A holiday can be a truly unforgettable experience. Different places, different cultures, so many unique experiences. A personal loan could be an effective option to help you plan and make the most of it,

Knowing how much you have to spend could also assist in planning where you want to go, how long you can spend away, and even how much you have to spend per day. And when you return home, you have a clear picture of how much you have to pay back and for how long.

Whatever you're planning to do, a personal loan from HSBC could be the quick way to make things happen. Find out more about our different loan options to see if there's one that's right for you.