What is a secured personal loan? A secured personal loan is a loan where you offer an asset, most commonly a car, as collateral. If you cannot repay, the lender can sell the asset to recover the debt. Because the lender has this protection, secured loans typically have lower interest rates than unse
Online loans up to $50 000
Car loan up to $50 000
Online loans up to $50 000
Car loans up to $250 000
Car loan up to $55 000
Personal loans up to $100 000
Online loans up to $63 000
Online loans up to $70 000
Personal unsecured Loan up to $100 000
Green Secured Loan up to $100 000
Secured and unsecured personal loans from Pepper Money, an Australian non-bank lender. No establishment or early repayment fees.
Secured and unsecured personal loans from Liberty Financial. Borrow up to $80,000 with rates from 5.67% p.a. for secured loans.
A secured personal loan is a loan where you offer an asset, most commonly a car, as collateral. If you cannot repay, the lender can sell the asset to recover the debt. Because the lender has this protection, secured loans typically have lower interest rates than unsecured loans.
Secured personal loan rates in Australia typically start from around 5.95% p.a. compared to 7%-10%+ for unsecured. On a $20,000 loan over 5 years, a 2% rate difference saves roughly $1,100 in interest.
A car is the most common form of security. Some lenders also accept motorbikes, caravans or boats. The vehicle usually needs to be under a certain age, typically 10-12 years old, and must be registered in your name. A few lenders accept term deposits or managed funds as security.
Most major banks and non-bank lenders offer secured personal loans, including ANZ, NAB, Pepper Money, Liberty Financial, Harmoney, Latitude Financial Services and Heritage Bank. Each lender sets its own vehicle age limits, loan amounts and rate ranges.
