MyBudget Loans: home and personal loan broking, and when borrowing is the wrong answer

The booking link opens MyBudget Loans’ Calendly form. First choose what you would like to discuss and whether you are already a MyBudget client, then follow the prompts. Opening the form does not confirm an appointment.

MyBudget Loans is the lending arm of the MyBudget group — a mortgage and personal loan broker that compares products across a panel of lenders rather than offering you one bank’s shelf.

Book a 15-minute call, or call 08 8215 7519.

What it can help with

Getting into your own home sooner

The lending team can help you navigate home buyer schemes, find a loan that suits your position and assist with the application itself.

Reducing your repayments

A free Home Loan Health Check reviews your current mortgage across the available options. MyBudget Loans publishes an average saving of $10,000 in repayments per year for clients who refinance through it, based on data as of January 2024. This is MyBudget’s own figure — the actual saving depends on your existing loan, the rate you move to, the loan term and your circumstances, and it is not a guaranteed or typical outcome.

Simplifying multiple debts

Debt consolidation restructures multiple repayments into one loan. It can reduce stress and cost where the rate and fees genuinely work in your favour — but consolidating a short-term debt into a long-term loan can increase what you pay overall.

Lending where the file is not straightforward

MyBudget Loans includes specialists in non-conforming lending — loans for borrowers whose credit history means mainstream options do not fit.

Construction and renovation

Funding for construction and home renovation loans is available in progressive payments to builders.

Car and personal loans

The lending team can compare rates, loan features and terms for car loans and personal loans, alongside home loans, refinancing, debt consolidation and construction finance.

The lender panel

MyBudget Loans works with over 15 major Australian lenders, including NAB, Westpac, ANZ and Pepper Money, comparing hundreds of products. A bank can only offer its own products; a broker compares across the panel.

When borrowing is the wrong answer

Most brokers arrange the loan and move on. Because MyBudget Loans sits inside the MyBudget group, lending can be weighed against the budget that has to service it — which is what actually determines whether a loan helps.

A new loan does not fix a cash-flow gap. If the shortfall that created the debt is still there, a consolidation loan clears the balances and the balances return. Where that is the case, the alternative is a structured budget rather than more borrowing.

Important information about the lending entity

MyBudget Loans Pty Ltd is a related entity within the MyBudget group and operates as a broker. Broking is conducted under the LMG aggregator arrangement, and the applicable consumer privacy policy is the LMG Consumer Privacy Policy.

Approval, rates and terms are subject to the lender’s own assessment of your application. No loan outcome is guaranteed.

Hours

MyBudget Loans is open Monday to Thursday 8:00am–7:00pm and Friday 8:00am–5:30pm (AEST), on 08 8215 7519.

Questions about mybudgetloans

What is MyBudget Loans and how does it help me save money?

At MyBudget Loans, as your broker, we have access to a wide panel of lenders, allowing us to compare a diverse range of products and find the one that is perfectly tailored to your unique financial situation. On average, our clients save $10,000 in repayments per year by refinancing with us.

What types of loans can I refinance or compare through MyBudget Loans?

MyBudget Loans specialises in helping homeowners and families simplify their debts and reduce monthly repayment pressure by finding better home loan refinancing solutions. Our team of experts is also equipped to help you secure competitive interest rates on new personal loans and construction loans, ensuring you get the right lending solution for your specific financial needs.

Does MyBudget Loans charge a fee to compare interest rates or apply?

The first step in comparing your lending options is completely free and without obligation. You can book a free home loan health check or initial call with a MyBudget Loans specialist to review your current mortgage and explore how much you could save through refinancing, which is a great way to start taking the weight off your shoulders.

Can MyBudget Loans help with debt consolidation?

Yes. MyBudget Loans can help with debt consolidation by exploring options to combine multiple unsecured debts, such as credit cards, personal loans and medical bills, into one simpler repayment. In some cases, consolidating debts by refinancing a mortgage may also be considered, as it can offer a lower interest rate. However, it’s important to be mindful that spreading short-term debts over a longer period can increase the total cost. We help you weigh up the options so any consolidation supports your budget and long-term financial goals.

Why should I use a broker service instead of going directly to my bank (NAB, ANZ, Westpac)?

Going directly to your bank limits you to one product. MyBudget Loans works with over 15 major Australian lenders (including NAB, Westpac, ANZ, and Pepper Money). We compare hundreds of products to see if we can find you a more competitive interest rate, saving you money and time. Our team finds the right loan that fits your budget plan, making the process stress-free.

Target Market Determinations

At MyBudget Loans, we’re passionate about helping you find the best lending solution to meet your needs (and dreams). That’s why we are proud to partner with the below lenders and offer products that are uniquely tailored to the needs of our clients. As a referrer of the below lenders’ financial products, we’re required to make the lenders’ Target Market Determinations (TMD) available for your review, under the Design and Distribution Obligations under Pt 7.8A of the Corporations Act 2001 (Cth). Their TMDs will outline the likely objectives, financial situation, and needs of the target market for each product they offer. This is to ensure that consumers such as yourself, are at the centre of developing financial products and are matched with a product that suits your individual needs and circumstances. Please note, a TMD is not intended to provide financial advice. When making a decision about a product, make sure you refer to the Terms and Conditions and any supplementary document(s).

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Important information

This page provides general information only. It does not take your personal circumstances into account and is not personal financial advice. For the scope and licensing of a particular service, check the service provider's current disclosures or contact MyBudget.

Free, independent and confidential financial counselling is available from the National Debt Helpline on 1800 007 007, and ASIC’s MoneySmart website publishes free guidance. MyBudget is not a registered debt agreement administrator; where a Part 9 debt agreement appears suitable, MyBudget can refer you to its sister company MyDebtSolutions, which is a registered administrator.

Lending is arranged through MyBudget Loans, a broker within the MyBudget group operating under the LMG aggregator arrangement. Any estimate is not an offer of finance — approval, rates and terms are subject to the lender’s own assessment.

Call MyBudget on 1300 300 922 for a free, confidential, no-obligation appointment. Your personalised 12-month budget is free and yours to keep.

Related guides and tools

• Home Loan Repayment Calculator
• Personal Loan Calculator | Compare Repayments
• Budgeting help
• MyBudget FAQs | Common Questions Answered