Secured Personal Loan
Why choose a secured personal loan?
Get a lower interest rate
By offering your car as security for the loan, you can access a lower rate than our unsecured personal loan.
Borrow between $3k-$80k
Borrow up to $80,000 to spend on anything from a car to renovations.
Preferred repayment frequency
Choose to make weekly, fortnightly or monthly repayments to suit when you get paid.
Choose the loan type to suit you
Choose between a fixed rate, which gives you set repayments for the life of the loan, or a variable rate which allows you more flexibility.
Redraw facility on variable rate loans
Redraw money from the amount you're repaid if you need to, provided you're at least $500 ahead on your repayments. Each request is subject to approval and a fee.
Internet banking access
Manage your loan and track your repayments online or through your mobile banking app.
1-5 years flexible loan term
8.49% p.a. fixed interest rate
9.60% p.a. comparison rate^
Set repayments for simpler budgeting
1-7 years flexible loan term
12.74% p.a. variable interest rate
13.81% p.a. comparison rate^
Pay your loan off earlier with fewer fees
Is your car eligible as security?
The car you offer as security for the loan must be:
$12 Monthly administration fee
$10 Per redraw on variable loans
$9 When a direct debit order for payment from another institution is dishonoured
$195 Establishment fee (added to your loan amount). Excludes all government charges such as stamp duty, search fees, fees to register security interest with the Personal Property Securities Register
$150 Early repayment fee if you fully repay the loan within the first 12 months
$100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term
How to apply for a loan
Credit criteria, fees, charges, terms and conditions apply.
Interest rate may change and margins may apply in some circumstances. The interest rate may vary based on the value of the car you offer as security.
The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you. Read the above product disclosure documents as well as the before making a decision and consider whether the product is appropriate for you. If you need help, call 13 13 76.
^ Comparison rates help you understand the total cost of a loan so that you can compare with other providers’ products. Our comparison rates include establishment and monthly service fees. They’re based on a secured personal loan of $30,000 over 5 years and are only true for this example. WARNING: This comparison rate applies only to the example or examples given and may not include all fees and charges. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.