Broker guide
Liberty Personal Loans: Broker Policy and Evidence
Verify Liberty personal loan availability, acceptable purpose, borrower eligibility, evidence, cost terms and broker application route.
- Published
- Updated
Liberty personal loans fund personal expenditure through secured and unsecured products, with applications submitted online. For a broker, the first distinction is distribution: both personal-loan target market determinations specify website-only distribution, even though an adviser can help the customer prepare.
Choose the product from the actual funding purpose and the client’s ability to repay. A Liberty home-loan policy or motor-finance accreditation doesn’t establish personal-loan eligibility or permission to lodge this product.
Verify the Personal-Loan Route
As at October 2026, Liberty’s Australian website lists Liberty Secured Personal Loan and Liberty Unsecured Personal Loan. Both have fixed interest and repayment terms. The personal-loan product pages lead to the online application at personal.liberty.com.au.
The issuer is Secure Funding Pty Ltd, Australian Business Number (ABN) 25 081 982 872, Australian Credit Licence 388133, trading as Liberty Financial. Liberty Financial Pty Ltd and Secure Funding both trade under that name. Record the legal credit provider shown in the offer, alongside the consumer-facing product name.
Liberty announced in January 2018 that its existing personal-loan product would be replaced by MoneyPlace’s product. That announcement describes the position then. The current Liberty-branded products and their target market determinations establish the current route.
Both determinations start on 5 October 2025 and identify the issuer as the sole distributor. They specify distribution through its website only. An older MoneyPlace broker arrangement doesn’t establish a broker-lodgement channel for these Liberty products.
Classify the Funding Purpose
As at October 2026, Liberty’s personal-loan pages describe non-business funding for predominantly personal or personal investment purposes. Separate what the money buys from what secures the debt. A client can use an eligible vehicle as security while borrowing for personal renovations.
| Funding request | Record in the file | Next assessment |
|---|---|---|
| Renovations, medical expenses or a holiday | Amount, intended expenditure and when funds are needed | Personal-purpose eligibility and affordable repayments |
| Consolidating personal debts | Each debt’s balance, payout amount and remaining term | Total cost before and after consolidation, including any longer repayment period |
| Buying a vehicle | Purchase purpose and proposed security | Use the Liberty car-loan assessment for purchase and vehicle checks |
| Business expenditure or mixed personal and business use | Amount assigned to each use and the underlying invoices | Route business funding to the Liberty business-loan assessment |
The Australian Securities and Investments Commission (ASIC) explains that the National Credit Code covers qualifying credit predominantly for personal, domestic or household purposes. It also covers specified residential investment purposes. The stated purpose therefore affects consumer-credit obligations as well as product selection.
For regulated credit assistance, ASIC’s responsible-lending guidance requires enquiries about the client’s objectives and finances, verification and a preliminary assessment. A personal-loan label alone doesn’t complete those steps. For mixed use, document the actual allocation before choosing the lending route under your licensee’s process.
Assess Borrower Capacity
As at October 2026, Liberty’s published personal-loan eligibility requires an applicant over 18 who is an Australian citizen or permanent resident living in Australia. The applicant must be employed and earn at least $20,000 a year. Government benefits cannot make up the majority of income.
Those conditions are an initial screen. Identity verification, expenses and existing commitments still affect the assessment. Liberty’s online terms allow a different amount or term to be offered when the original request falls outside its criteria.
A Hypothetical Debt-Consolidation File
Consider a 32-year-old Australian citizen living in Perth, employed on a $68,000 annual salary, seeking $18,000 to consolidate personal debts. The stated circumstances meet the published age, residency and income screen. They don’t establish approval.
Suppose verified take-home pay is $4,400 a month. Living expenses are $2,850, other continuing debt repayments are $650 and an irregular-expense allowance is $300. That leaves $600 before the proposed personal-loan repayment.
Use the client’s actual quoted repayment to test that budget. Reconcile debts being repaid with current payout statements, and retain any commitments that will continue. A debt isn’t removed from the file merely because the client intends to consolidate it.
Obtain identity evidence that matches the application and explain any inconsistent names or addresses. Match the salary to income records and bank credits. Record employment status and any expected change that affects future repayments.
For credit history, identify arrears, defaults and recent credit applications with dates and current balances. As at October 2026, Liberty distinguishes its rate estimate from a full application on the unsecured product page. The estimate doesn’t affect the credit score, while a full credit enquiry is visible to other lenders and can affect it.
A past repayment problem needs a factual explanation and supporting records. Liberty’s broader messaging about flexible lending doesn’t establish a personal-loan exception or an approval for this client.
Explain Terms and Evidence
Prepare evidence that supports the client’s identity and repayment position, then follow the online route’s verification requests. As at October 2026, Liberty’s general FAQs identify income proof and bank statements as usual loan documents. Its online terms also provide an alternative process when a customer declines an optional verification service.
Use this as a preparation checklist, with the online application determining which records must be supplied.
| Record | Fact it supports | Broker check |
|---|---|---|
| Identity and residency evidence | Applicant identity and eligibility to apply | Names and addresses match the application |
| Payslips or other accepted income proof | Current earnings and employment | Amounts match the bank credits and income declared |
| Bank statements or authorised transaction access | Income receipts and actual spending | Explain recurring expenses and transfers |
| Debt statements and payout figures | Existing balances and commitments | Separate debts being repaid from debts continuing |
| Purpose evidence, such as renovation quotes | Required amount and use of funds | The request matches the documented personal expenditure |
| Credit-history explanations and supporting records | Cause and current status of adverse events | Give dates, amounts and evidence of resolution |
The published product terms, as at October 2026, show these differences. All dollar figures below are Australian dollars. Rates are annual percentages, not monthly costs.
| Term | Secured Personal Loan | Unsecured Personal Loan |
|---|---|---|
| Advertised amount | $5,000 to $80,000 | $5,000 to $80,000 |
| Available terms | 3, 5 or 7 years | 3, 5 or 7 years |
| Security | Eligible vehicle required | No asset security |
| Interest-rate range per year | 5.67% to 19.19% | 6.30% to 19.99% |
| Comparison-rate range per year | 6.10% to 20.77% | 6.30% to 21.49% |
| Establishment fee | $310 to $1,010 by risk band | 0% to 5.50% of the loan amount, capped at $950 |
| Ongoing fee | $0 | $0 |
| Early repayment, early termination and discharge fees | $0 for each | $0 for each |
| Repayment frequency | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly |
The secured determination describes loans above $5,000, although the product page advertises a $5,000 minimum. For an exactly $5,000 secured request, obtain a written product response before application.
Both advertised comparison rates use $30,000 over five years. The secured example assumes a new vehicle and no balloon. Different amounts, terms or charges can produce a different comparison rate, and the stated comparison rate doesn’t capture every possible charge.
Compare the personalised quote and total repayments for the same amount and term. A lower monthly repayment over seven years can cost more overall than a shorter loan. Keep any fees added to the balance in that calculation.
Liberty’s fee notes allow dishonour and late fees. An unsecured loan still requires repayment, and security puts the pledged vehicle at risk if repayments fail. Explain the offer’s missed-payment and enforcement terms, and use a dated payout figure when the client plans early repayment.
Use the Current Application Channel
As at October 2026, Liberty’s secured and unsecured personal-loan determinations specify website-only distribution. Direct the customer through the current personal-loan application. Prepare the file and help explain the offer within your authorised role.
For a broker-led enquiry, use Liberty’s contact route on 13 11 33 or its adviser callback. If you need a broker submission arrangement, request written confirmation of that arrangement and its product-specific accreditation conditions. General Liberty accreditation doesn’t override these products’ stated distribution conditions.
When purpose, evidence or credit history needs a response before application, send a concise scenario through Liberty’s agreed secure channel. Include the following information.
- Requested amount and term, with the amount assigned to each purpose.
- Applicant age, residency and employment status, plus the income basis.
- Verified income, living expenses and continuing commitments.
- Debts to be repaid, with payout figures and the intended closure instructions.
- Any adverse credit event, its date, amount and present status.
- Evidence already held and the precise question requiring a written response.
Ask whether the stated personal purpose fits the product and which verification records the customer must provide. Retain the response with the fact find before the customer moves from a rate estimate to a full application.
