Wisr Review

Wisr is a fast growing non-bank lender that prides itself on giving its customers the tools they need to be 'Wisr' with their credit. Historically only offering unsecured personal loans, Wisr launched their secured car loan product in 2020 which has a streamlined application process and services a broad range of customers.

Best for

Flexible across different income sources - Wisr accepts certain Centrelink income as a sole income source, and they are also very flexible on employment situations (e.g. if new to a role)

No early repayment fees - you can end your loan early without having to pay any additional charges

Draw backs

Slower to approve, with some approvals taking up to 2 days to come through - but with a very fast settlement process once approved

Applicants are unlikely to be approved if there is evidence of adverse bank statement conduct

Personal loans are generally restricted to use for debt consolidation or car purchases

Wisr overview

Formed in 2006 and headquartered in Sydney, Wisr is an ASX-listed non-bank lender. Since its inception, their specialty has been the unsecured Wisr personal loan product. But in 2020, Wisr introduced their new car loan product meaning they now offer both secured and unsecured personal loans.

Wisr tries to differentiate itself by offering a number of resources to their customers including a mobile app that helps customers meet saving goals and a free credit score retrieval service. They also have no fees or early repayment charges (except for a small establishment fee).

Like other non-bank lenders, Wisr doesn’t take deposits which means they rely on other sources (e.g. warehousing) to secure funds to lend to consumers. These funds come from institutional investors like NAB, as opposed to deposits that come from everyday consumers.

How to apply for a Wisr car loan

Wisr is heavily reliant on brokers for the origination of their loans, which means to apply for a secured car loan you’ll most likely need to apply through a broker. For their unsecured personal loan product, you can apply directly on their website.

You’ll also need a fairly clean credit history, with a minimum Equifax score of 500 and no tolerance for bankruptcies or unpaid defaults.

See if you qualify for a Wisr loan in minutes

Find my rates
Fixed rates from:

10.09% (11.78% comparison rate*)

Loan amounts:

$5,000 - $65,000

Loan terms:

3, 5 or 7 years

Loan types:

Secured and unsecured personal loans (Only for car loans or debt consolidation purpose)

Min. credit score:


Min. income:

$30,000 per annum (gross)



  • Establishment fee: $475-865 (depending on loan size)
  • Monthly: $0
  • Early termination charges: $0
  • Brokerage up to $2,000

*Last updated 15/04/24

Big no-no's (automatic declines)

More than one payday loan

Unpaid bankruptcies or defaults

Less than 4 months of casual employment

Driva tip: Wisr might make 'common sense' exceptions to their policies for explainable circumstances or particularly strong applicants. Your Driva loan expert is able to liaise directly with Wisr to find out if you’ll be able to receive an exception if you fall outside of one of their policies but are otherwise a strong applicant, but if you apply directly with Wisr their policies will be observed to the letter.

Other hot tips

Wisr offer personal loans and secured car loans so they have options no matter how old your vehicle is

Wisr - Frequently Asked Questions