For their secured car loan product, Wisr looks at three key factors when determining what rate to charge:
Unlike other lenders, Wisr does not provide more favourable interest rates for homeowners versus renters.
With Driva, the hard work of figuring out exactly what rate Wisr will give you is done for you. Just enter some basic personal information to see what tailored interest rate you are eligible for both secured and unsecured Wisr personal loans (and the other lenders on our panel) without impacting your credit score.
Learn: what other lenders look for when pricing your loan
Wisr charges no early repayment fees or monthly fees, which is fairly unusual amongst Driva lenders. The only fee Wisr charges is an establishment fee, which ranges from $475-865, depending on loan size.
Don't forget that every lender charges fees, and that these charges (including any money that lenders pay to Driva) are already built into the monthly repayment quoted - which reflects the total cost of the loan.
We get paid for sending Wisr high-quality customers that have been pre-vetted to ensure they meet all policies before they are lodged. This payment generally includes two components:
As with all lender fees, these are not payable from you to Driva directly and are not required to be paid upfront. Instead, Wisr incorporates this payment into your total loan amount, which is paid off over the life of the loan.
All car loan brokers have access to the same interest rate, whether that be for Wisr's secured or unsecured loan products. If you decide to apply through Driva, we can also match the rate you would receive from Wisr by going directly, regardless of the loan term. This means that if you're seeing a different comparison rate for Wisr elsewhere, it could be because other brokers are showing generic comparison rates that will be increased later in the process because of an older vehicle, your living situation, or credit score.
If you still think our comparison rate is higher than you’re seeing them elsewhere, we’re confident we’ll be able to beat it. Email us at email@example.com.