Help & support
Not sure which loan is right for you? Check out our other personal loan options
Some additional fees, including a late-payment fee and other electronic banking fees, may also apply. See more
To be eligible to apply for a personal loan you must:
During the application process, we may ask you for some documents. These may include:
In order to be eligible for security, the car you’re purchasing must:
Secured Personal Loan was formerly known as Secured Car Loan.
This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:
~Electric or hybrid cars emitting less than 120g CO2 emissions per kilometre. If you're using the car as security it must be no more than seven years old, not currently under finance and have an active comprehensive insurance policy. The comprehensive insurance policy must be organised prior to loan funding.
#For the EV Access Program (EVAP) essential workers are individuals employed as teachers/instructors, medical/veterinarians, government officials and care workers.
##You must be buying an electric or hybrid vehicle emitting less than 120g of CO2 per kilometre with a total loan amount of less than or equal to $55,000.
We reserve the right to close or vary this offer at any time.
1 The car you’re using as a security must be up to seven years old, not currently under finance and has an active comprehensive insurance policy. The comprehensive insurance policy must be organised prior to loan funding.
2 Your borrowing capacity depends on a range of factors such as your credit score.
3 Additional repayments made on secured personal loans are not available to be redrawn. An early repayment adjustment is charged if loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost. View the Personal Loan Terms and Conditions.
Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges are payable.
Following the fixed rate period, if your loan hasn’t been repaid in full, the Secured Personal Loan Benchmark Rate will apply which is currently 6.99% p.a. This interest rate is effective as of 14 October 2019.
Secured Personal Loan interest rate ranges and the representative rate are set out below. Comparison rates and examples are based on a $30,000 secured loan over 5 years:
4 Interest rates at the lower end of our range, for example 6.49% (comparison rate 7.90%), may be offered to customers with an excellent credit history.
An excellent credit history is determined by, among other things, paying your bills and making loan repayments on or ahead of time, being disciplined with your credit applications, and not overextending yourself financially.
Actions which can negatively impact your credit history include missing bill or loan repayments, defaulting on your credit facility, or making a large number of credit applications in a short period of time. You can find out more about how your credit score is calculated and tips for improving your credit score at our Credit Score Information Hub.
5 At least half of our approved customers will receive the representative rate or lower.
Your interest rate may be different and is based on a number of factors, including your credit history, the information you provide and our assessment of your application. We'll confirm your interest rate upon submission of your application.
* The comparison rate is based on a $30,000 secured loan over 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 early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may change the cost of the loan.
** Eligibility criteria, terms and conditions apply. Visit our Personal Loans page to find out more about the energy-efficient discount.
^ You may be eligible for same day funding if you’re approved, accept your contract and complete verification by 4pm Monday to Friday (Sydney/Melbourne time). Subject to credit checks and assessment of your financial situation. Unavailable if an application is incomplete or needs to be referred for a more detailed review by a lending specialist, if required documentation isn’t provided, and subject to system availability.
An upfront fee of $250 and ongoing monthly fee of $15 will apply, consider these fees when deciding whether this loan suits your needs.