Things you should know
^ At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive.
Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your interest rate in your loan offer document
* The comparison rate is based on a $30,000 secured loan over five years. WARNING: The comparison rate applies only to the example given above. 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 influence the cost of the loan.
An upfront fee of $250 and ongoing monthly fee of $10 will apply, consider these fees when deciding whether this loan suits your needs. Some additional fees, including a late-payment fee, government charges and other electronic banking fees may also apply.
Secured Personal Loan was formerly known as Secured Car Loan.
1 The car you’re using as a security must be up to five 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 a Fixed Rate Loan are not available to be redrawn. 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 rates are set out below. Comparison rates and examples are 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.