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Secured Personal Loan

In the market for a new car loan?
Bring your next dream purchase a little closer with a Secured Personal Loan.

Apply online and get a response in 60 seconds1


Why choose our Secured Personal Loan?

  • A variable interest rate10 for the flexibility to make extra repayments
  • A fixed rate for the stability and peace of mind of predictable repayments
  • Choose your repayment frequency- weekly, fortnightly or monthly
  • Borrow from $3,000 up to $80,000
  • Choose your loan term
    • 1 to 7 years for variable interest rate loans
    • 1 to 5 years for fixed interest rate loans
  • Internet banking9 to track your repayments
  • Redraw your funds3 (variable interest rates only)


Rates and fees

Variable rate10

Flexibility to make extra repayments

Annual variable interest rate from7
12.74% p.a.

Comparison rate4
13.81% p.a.

Loan terms available
1 to 7 years

Fixed rate

Set repayments for easier budgeting

Annual fixed interest rate from7
8.49% p.a.8

Comparison rate4
9.60% p.a.

Loan terms available
1 to 5 years

Establishment fee6

Monthly administration fee

Payment dishonour fee
Payable whenever a direct debit order for payment from another institution is dishonoured

Redraw fee3
$10 per withdrawal
Minimum redraw amount: $500
Redraw only available on variable interest rate loans

Personal loan discharge
$150 (within the first 12 months of the loan term)
$100 (after the first 12 months and before the end of the loan term)
Processing fee - may be payable if a personal loan is repaid before the end of the loan term.

Break costs
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 see our Personal Loan Fees and Charges.


How it works

A secured personal loan uses your car as security, so you can enjoy a lower interest rate2.  



Have you got questions about applying?



How to apply in 4 easy steps


Step 1

Apply online

in 10 minutes (5 minutes for existing customer)

Step 2

Send through supporting documents

if required, and we'll review your application.

Step 3

Sign your contract

If approved, you'll need to review and sign the contract.

Step 4

Access your funds

We'll release your funds based on your instructions.


Get it done today.
Apply online in 10 minutes and get a response in 60 seconds1



Still not sure?

Use our helpful tools to compare our personal loans.

Important information

Credit criteria, fees, charges, terms and conditions apply.

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. Actual completion time may vary depending on your internet connection and other factors. All applications are subject to BankSA lending criteria.

2. 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. 

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. 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.

5. BankSA Personal Credit Protect is issued by Insurance Australia Limited ABN 11 000 016 722 trading as Swann Insurance (who issues the Involuntary Unemployment cover and the Disablement cover) and St.George Life Limited ABN 88 076 763 936 (who issues the Death cover).  BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 distributes the insurance, but does not guarantee the insurance. St.George Life Limited is a subsidiary of the Bank. This information is general only and does not take into account your personal circumstances.  Read the relevant Product Disclosure Statement, available at BankSA Personal Credit Protect, to see if this insurance is right for you.

6. 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.

7. Initial rate indications quoted prior to full Loan-to-valuation ratio being completed may change dependant on the valuation of security offered.

8. Interest rate applicable to new loans approved on or after 7 June 2017.

9. This information does not take into account your financial needs, individual circumstances or objectives. Read the Online Banking Terms and Conditions before making a decision and consider whether the product is appropriate for you.  

10. Interest rates are subject to change (and margins may apply).