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Cars or motorcycles that are less than seven years old...
Secured Car Loan
A personal loan that uses your car as security to borrow at a great fixed rate.
Benefits
Repayment options to suit you
Choose the loan term - from three to seven years - and repayment frequency.
Great fixed rate
Have peace of mind knowing exactly what your repayments will be.
Is it right for you?
Our Secured Car Loan is great for buying a car, consolidating your debt, home improvements or taking a holiday.
How it works
Borrow from $10,000 to $100,000 (up to 120% of the value of your security). As security for the loan, we accept:
OR cars or motorcycles that are valued at least $10,000
Rates and fees
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| Rates | |
|---|---|
| Name | Rate |
| Fixed interest rate | 7.99% p.a. |
| Comparison rate | 8.76% p.a. |
| Understand the comparison rate | |
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| Fees | |
|---|---|
| Name | Fee |
| Application fee | $299 |
| Monthly loan maintenance fee | $5 |
| Early repayment fee if loan is closed in first 12 months | $250 |
| Early repayment fee if loan is closed in 13-24 months | $100 |
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Rates are subject to change. Other fees and charges may apply. A full list of fees will be included in your personal loan contract.
What’s the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).
Comparison rate warning:
Comparison rate based on a secured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. 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.
Representative example of total loan cost: For $30,000 borrowed over a 5-year term at 7.99% p.a. (8.76% p.a. comparison rate) the total amount payable is $37,087.87 including interest and fees. This example is an estimate only and assumes all repayments are made on time.
View our Secured Car Loan terms and conditions
Secured Car Loan terms and conditions:
Your personal loan contract is made up of the Personal Loan Schedule and the Personal Loan terms and conditions booklet (PDF).
Get an idea of your repayments
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Apply today
Here are your next steps...
Check your eligibility
- People aged 18 years and over
- Permanent Australian residents
- Regular income of over $20,000 a year.
Note: Applications are subject to credit approval.
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Things you need for your application
- At least two forms of the following identification: Australian driver's licence, Medicare card, passport, birth certificate, or see a handy list of other ID documents we'll accept
- Employment details, including length of employment and employer contact numbers
- Financial information including income (e.g. payslips), expenses and assets.
Already started? Resume your application.
Looking for something else?
If you’re not planning on using a car as security, we have other fixed rate loans to choose from.
Unsecured Personal Loan
If you’re not planning to use a car as security
It’s great for consolidating your debt, renovating your home, buying a car or paying for an event.
Flexible Personal Loan
Flexible repayment options
A higher rate than our other personal loans, but you can redraw your extra repayments and pay the whole loan off early without a repayment fee.
Things you should know
- An early repayment fee applies if you close the loan within the first two years.