Australia's first neo-lender, Wisr is a pioneer of the FinTech industry in Australia's constantly growing consumer finance market. As a technology company, Wisr is focused on creating apps, products, and services that allow Australian citizens to do more with their wealth. The company promises to render wiser, fairer, and smarter financial alternatives for all Australian citizens.

  • Bank Type


  • Founded


  • Headquarters


  • Industry

    Financial Services

  • Formerly/Predecessor


  • Subsidiaries


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Pros & Cons-Wisr


  • Strict lending policies.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.
  • Signup Fees.
  • Customer Support.


  • Strict Age Restrictions.

About Wisr

The Wisr Finance Pvt Ltd incorporated a new business model as part of its rebranding strategy from DirectMoney Finance Ltd., which began in March 2018. The company started its operation by facilitating peer-to-peer lending and developing a wholesale off-balance sheet funding facility.

The company launched a premiere credit score comparison site, Wiscredit, in August 2018. Wisr Finance also pioneered the Wisr App, which allowed the application users to round-up spare change on digital platforms to repay debt such as credit cards. On account of its competent performance in catering for the financial requirement of the populous in Australia, the company raised a capital of $55 million endorsed by Goldman Sachs through placement shares

Features and Benefits

The Wisr Finance employs a customer-centric approach to cater to customers' financial needs. This non-banking lending institution offers custom-made loan products based on the applicant's financial profile as it aims to enrich their fiscal wellness.

  • Wisr finance accurately evaluates its applicant's credit score and offers insights to improve it.
  • Personalised counsel with which one can save interest on the loans with the round-up process.
  • Find the Wisr loan option that compliments the applicant's budget and stimulates the repayments' manageability.
  • Wisr Finance not only offers customized loan products but simultaneously aims to enhance the financial health of its customers.

Services Offered by Wisr

Wisr Australia is a non-banking lending institution that offers a wide range of tech-driven services to revolutionise the banking sector and enrich the experience of the customer base.

Round Up App

The roundup application is a financial tool launched by Wisr that aims to utilise spare change to work. The roundup app links the transacting account (the account employed to facilitate transactions), the funding account (the account from which the difference would be deducted) and the goal account (an account which would receive the digital spare).

Let’s take an example for a better understanding.

Suppose you’ve purchased a coffee for $3.60. The Wisr app will round up the amount to the nearest dollar and allocate the change that is $0.40 to the goal account.

The application user can allocate the digital change into a savings account or use round-ups to repay debt faster. Generally, the users of the app are employing this tool to successfully repay high-interest debt such as credit cards and payday loans.

Loan Calculator

The customers can also utilise the Wisr Loan Calculator to estimate the repayments on their loan amount. This easy to use AI-tool entails a straightforward interface that can be used conveniently by the user from the comfort of their home. The calculator user must mention

  • Loan Type: whether the loan obtained is Secured or Unsecured.
  • Loan Amount: ranges from $5,000 to $63,000
  • Repayment: whether the repayment cycle on the loan would be monthly, weekly, or fortnightly.
  • Loan Term: tenure of the repayment period.
  • Credit History: refers to the credit score of the applicant.

After mentioning these values successfully, one would obtain the following values:

  • Monthly repayments
  • Total Interest
  • Comparision Rate

Loan Products offered by Wisr

The Wisr Finance offers a diverse range of loan products to customers to cater to their varying financial needs.

Wisr Personal Loans

The personal loan of this non-banking lending institution allows the borrowers to raise funds for debt consolidation, legal fees, tax debt, gap finance and other such purposes. Wisr offers a convenient application process where one can obtain personalised rates on their loan within two minutes. The applicant can sign in online with minimal documentation and stands to obtain the disbursed amount within one to two working days.

Personal loan interest rates range from 8.99% p.a. to 17.95% p.a. The loan amount can vary from anywhere between $5,000 to $64,000. The establishment for the same is $595, and the loan recipient can select repayment tenure of 3, 5 and 7 years.

Debt Consolidation Loans

Debt consolidation loans allow borrowers to obtain funds to consolidate their debt in a one-off payment to subjugate the interest rates. It also helps borrowers streamline their debts if they can’t keep up with multiple payments. The loan recipients can also select the repayment tenure that complements their budget. The borrowers can make additional payments on top of their debt to pay off the loan quickly.

The interest rates on such loans vary from 8.99% p.a. to 17.95% p.a. The loan amount ranges from anywhere between $5,000 to $64,000.

Home Renovation Loans

Home renovation loans can be employed to conclude renovations on properties, whether one wants to redesign their kitchen or bathroom, include a new room or enrich the outdoors with landscaping. One can also commence their DIY renovation projects, as the funds can be utilised to buy equipment or hire an electrician. The applicants can avail of personalised interest rates and flexible loan tenures.

The interest rates on home renovation loans range from 8.99% p.a. to 17.95% p.a. The loan amount ranges from anywhere between $5,000 to $64,000.

Green Loan

Green loan is a personal loan that allows the borrower to raise funds to install sustainable alternatives that subjugate the carbon footprint. The bank aims to provide individuals with money for installing solar panels or procuring electric vehicles. Wisr offers an efficient and quick disbursement process on loans.

The interest rates on green loans range from 8.99% p.a. to 17.95% p.a. The loan amount ranges from anywhere between $5,000 to $64,000.

Wisr Opening Hours

Wisr Finance is operational to cater to inquiries and offer services during the following hours.

Monday 9:30 am to 5:30 pm
Tuesday 9:30 am to 5:30 pm
Wednesday 9:30 am to 5:30 pm
Thursday 9:30 am to 5:30 pm
Friday 9:30 am to 5:00 pm

Wisr Contact Details / Customer Service

The financial institution has established the following channels where the customer can reach out at their discretion.

Online Enquiry: [email protected]

Contact Number: 1300 992 007, 1800 340 008

Frequently Asked Questions

Who owns WISR?

Launched in March 2018, David Doust is the founder of Wisr.

How does WISR work?

The WISR is a non-banking lending institution that offers various loan products and services to the population of Australia.

How do I contact Wisr?

Wisr has established the following channels where the customer can reach out at their discretion. One can reach out to the following numbers: 1300 992 007, 1800 340 008

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.


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