Secured Car Loans
A secured car loan will suit you if you are want a low interest rate with flexible loan options. You will also be able to borrow a large amount because the lender has security over the car. No account keeping fees, fixed interest rate, which is daily reducing, are some of the advantages of thie loan product.
A secured loan is set up by the finance company whereby they have security over the car until the final payment has been made. You will then own the car outright.
Australia has a long history of secured personal use loan, which cover a varity of assets including car, boat, bike etc.
We have an easy online application, which will take less than 5 minutes of your time. We will contact you within 10 minutes with our answer. Apply online.
Secured Car Loan Interest Rate
Our interest rates are low and very competitive. Secured loans have a lower interest rate than an unsecured as there is less risk for the finance company. See how we compare.
Our Rates |
The Banks |
|
|---|---|---|
| Cars from | 7.81%* | ANZ Personal Loan rates from 13.89%† |
| Bikes from | 8.95%* | Westpac Personal Loan rates from 13.89%† |
| Boat from | 8.75%* | CBA Personal Loan rates from 13.80%† |
| Commercial from | 7.75%* | NAB Personal Loan rates from 13.40%† |
Secured Car Loan Benefits
One of the biggest benefits to using a secured loan product is that you can borrow a larger amount than with an unsecured loan. The interest rate is also lower than unsecured loans and is fixed for the life of the loan. Your interest is daily reducing which means that the interest you paid decreases each day, just like a home loan. You can make extra payments without accruing any penalties. Our secured loan product has $0 monthly fees and you can take out the loan for up to seven years.
- We will give you answer within 10 minutes*
- Our interest rates are fixed for the term of the loan
- We have $0 monthly fees*
- There are $0 penalty on extra payments
- We have options for new or used car loans
- We have loan terms up to 7 years
- Discounts on new cars
including fuel efficient models* - Dealer and Private sales are welcome
When are Secured Car Loans Used?
There are some minimum requirements that you need to meet to be eligible for a secured loan. A secured loan best suits you if you:
- Have full-time employment
- Are a homeowner
- Can prove you are able to make the repayments
- Have a clean credit history or previous defaults are all paid
Secured Loan Advantages
Besides the advantages listed above, if you have a bad credit history a secured loan can help to re-build you credit history.
*Terms, fees and conditions apply. To approved applicants only. Rates are guide only and assume clear credit.
†rates advised on their respective websites. Information correct as at Septmber 18, 2009
Secured Car Loans
Finance Steps
- Get Pre-approval
- Find the Car you want
- Negociate the best price
- Drive your new car
Use our car loan calculator
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