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Secured Personal Loan

A lower interest rate with a BankSA Secured Personal Loan

  • A lower interest rate, where we accept your car as security1
  • Flexible personal loan repayment options. Choose a fixed interest rate for peace of mind that your repayments won’t change for the term of your loan, or a variable interest rate which lets you make extra repayments each month
  • The term of your secured personal loan is your choice. Choose a term of
    • 1 to 7 years for variable interest rate loans
    • 1 to 5 years for fixed interest rate loans
  • Fast and simple application process2.
Apply Now

Flexible

  • Your choice of a fixed or variable interest rate

Great rate

  • A lower interest rate where we accept your car as security1.

Term of your loan

  • Choose a term of
    • 1 to 7 years for variable interest rate loans
    • 1 to 5 years for fixed interest rate loans

Loan amount

  • Borrow from $3,000 up to $80,000

Fast online application

  • It usually takes less than 15 minutes to complete your application
  • Submit and receive a response within 60 seconds2

Flexible repayment options

  • Choose the repayment option that best suits your lifestyle - from weekly, fortnightly or monthly repayments
  • If you have a variable interest rate on your secured personal loan, you have the option of making extra payments so you can pay off your loan faster.

Convenient  redraw3 facility

  • On request, our convenient redraw facility gives you access to any extra payments you make (available on variable interest rate loans only)3.

Calculate your loan repayments

Internet Banking

  • Register to track and manage your loan repayments using Internet Banking
  • Go green - switch to eStatements instead of paper statements and help save the environment. You can also view, print and save at least 2 years of statements online.
  • Redraw and make extra repayments on your variable rate loan2.

Protection for your loan

Compare Loans

  Annual interest rate4 Comparison rate5
Standard variable from  p.a.  p.a.
1 year fixed from  p.a.  p.a.
2 year fixed from  p.a.  p.a.
3 year fixed from  p.a.  p.a.
4 year fixed from  p.a.  p.a.
5 year fixed from  p.a.  p.a.
Establishment Fee $195 (Excludes government charges such as stamp  duty, search fees, fee for registration of security interest with the Personal Property Securities Register or any other disbursements, wherever these are applicable.)
Monthly Administration Fee (for personal loans on which the fee applies) $9 for loans approved from 18 September 2005
Payment dishonour fee $9 payable whenever a direct debit order for payment from another institution is dishonoured
Redraw fee2
  • $10 per withdrawal
  • Minimum redraw amount: $500
  • Redraw only available on variable interest rate loans
Personal Loan Discharge Processing fee – may be payable if a personal loan is repaid before the end of the loan term
Break costs

For loans approved from 26 October 2000:

Break costs are payable on early payout or partial payment (in excess of the limit set out in the loan terms and conditions) of a fixed rate loan. Break costs are an amount equal to the Bank's reasonable estimate of its loss due to breaking of the fixed rate period or early repayment of a fixed rate personal loan.

For all other charges, please refer to our “Loan Accounts – Charges for specific services and accounts”.

Apply online

Apply now. It takes less than 15 minutes and anyone can apply online!

Call us

Apply over the phone. Call us on 13 13 76 say “New Personal Loan” when prompted.

Visit a branch

Find your nearest branch.

Tips

You don’t have to be an existing BankSA customer to apply online.

Information you’ll need to apply

  • Your driver’s license number for identification
  • Your current employer’s names, address and main switchboard number
  • Information on weekly after-tax income for each person applying for the loan
  • Details of your assets, your savings and investments 
  • The limits of your credit cards, store accounts, etc.
  • Details of your other expenses
  • One personal reference including their name, address and contact phone number
  • If you are self-employed, you will need to provide your recent tax information.

How to apply

Important Information

BankSA’s normal lending criteria apply. Conditions and fees apply and may change.

Before making a decision, it's best to read the terms and conditions:

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it's right for you. If you need help, call 13 13 76.

1 To qualify for a lower interest rate, any motor vehicle offered as security must not be more than 12 years old upon loan expiry. The vehicle used as security must be registered under the applicant's name. If the vehicle is registered in joint names, the loan application must be under joint names.
2 Subject to system availability and BankSA Lending criteria. Approval may take longer if application is referred for further review.
3 Redraw requests are subject to our approval. Minimum redraw amount $500 and a redraw fee applies for each approved request. Other fees and charges may be payable.
4 For new loans approved on or after 8 April 2011.
5 The comparison rate is based on a loan of $30,000 and 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.