Secured Personal Loans Need help to buy a new or used car or a new boat? What about a caravan, or something just too big to put on your credit card, or too small to add to your mortgage?
We have a range of products that can assist you - with the added benefit of lower rates and higher loan amounts than those available with our Unsecured Personal Loan; because we register interest in your car or boat as security for the loan.
The rate depends on the loan purpose and how much you want to borrow.
Purpose | Loan amount | Term | Interest rates (pa) | Establishment fee | Monthly Service fee | New Car1 | $4,000 to $100,000 | 1-7 years | From 8.94% - 10.44% | $250 | $7.50 | Used Car2 | $4,000 to $100,000 | 1-7 years | From 9.44% - 11.44% | $250 | $7.50 | Boat3 | $4,000 to $70,000 | 1-7 years | From 11.24% - 12.44% | $250 | $7.50 | Other4 | $4,000 to $100,000 | 1-7 years | From 11.24% - 12.44% | $250 | $7.50 | 1. Purchase brand new car from dealer only. 2. Purchase or refinance a used car (excludes imported second hand motor vehicles which are not imported to Australia by the manufacturer. A valuation must be available through Redbook.com.au).
3. Excludes boats sold privately.
4. Includes: purchase or refinance a new or used car, refinance other debts; finance the purchase of a caravan, motor cycle, used boat, or other acceptable personal borrowing where a motor vehicle can be provided as security.
New Car loans based on the designated amount of $30,000 (secured) for a term or 5 years have a comparison rate of 9.81% pa*.
Used Car loans based on the designated amount of $30,000 (secured) for a term or 5 years have a comparison rate of 10.61% pa*.
Boat and Secured Personal Loans for other purposes based on the designated amount of $30,000 (secured) for a term of 5 years have a comparison rate of 12.70% pa*. Unsecured Personal Loan Need cash for something worthwhile? A motorcycle, jetski, holiday, home renovations, new furniture, home entertainment systems, home airconditioning or something just too big to put on your credit card or too small to add on to your mortgage?
The rate depends on how much you want to borrow.
| Loan amount | Term | Interest rates (pa) | Establishment
fee | Monthly Service fee | | $4,000 - $50,000 | 1-7 years | From 12.88% - 13.38% | $2501 | $7.50 |
Comparison rate calculations for Unsecured Personal Loans based on a designated amount of $10,000 (unsecured) for a term of 3 years have a comparison rate of 16.22% pa*.
All applications remain subject to normal credit guidelines.
1. If applying for this loan as part of the student package, a discount of 0.5%p.a.(1) applies to the standard annual percentage rate.
(1) Other fees and charges are payable, full terms and conditions are available on request |
