Your selected personal loans
$5,000-$75,000
Get a secured personal loan with competitive low rates for borrowers with excellent credit. A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time. No monthly account keeping fees, no exit fees and no early repayment fees. Quick and easy, 100% online application. Establishment fees apply.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Read reviews and learn more about OurMoneyMarket personal loans
Your selected personal loans
Secured
Access fast finance on loans from $3,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 25-36 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.
Repayment terms from 2 years to 3 years. Representative example: a 3 year $10,000 loan at 16.95% would cost $14,952.03 including fees.
Read reviews and learn more about Jacaranda Finance personal loans
Your selected personal loans
Mozo has partnered up with LoanOptions.ai, one of Australia’s most powerful tools for finding the loan options that are right for you.
Looking for a suitable personal loan with a fuss-free application process? Get started below to let LoanOptions.ai help you on your journey today.
A secured loan is an amount of borrowed money from a lender that’s backed by a personal asset.
In brief, secured loans:
Secured loans are versatile, though are commonly used to buy cars and other vehicles given that they can act as security for the very same purchase.
They can also be used to consolidate existing debts. This means bringing together debts such as credit card debt, store cards and car loans into one singular loan so it’s easier to manage. This is referred to as a debt consolidation loan.
There are always risks to borrowing money, but a secured loan raises the stakes a bit. For example, if you default the lender has the right to repossess your secured asset(s) to recoup its losses. So, before applying for a loan, work out if you can afford to pay it back.
The top factors that will impact your repayments are:
Doing a few basic repayment calculations is a great place to start with your comparison. Try adjusting the numbers on a couple of different loans such as interest rates or loan terms to see how your repayments can be impacted.
Here’s an example:
| Loan 1: 10.05% p.a. interest rate | Loan 2: 8.50% p.a. interest rate | |
| Amount: | $20,000 | $20,000 |
| Interest rate: | 10.05% p.a. | 8.50% p.a. |
| Term: | 3 years | 3 year |
| Monthly repayment: | $646.00 | $631.00 |
| Total interest paid: | $3,429.00 | $2,729.0 |
As we can see here, a slight interest rate shift can greatly impact the cost of your overall repayments. Try our personal loans calculator yourself.
Generally, the better your credit history is, the better your chances of being approved for a personal loan. Further still, good credit puts you in position to potentially nab a better interest rate. If you’re good with your money, pay bills on time and don’t overextend yourself financially, you should be in good shape.
If you have any doubts about this however, a financial advisor can help. Otherwise if you’re ready to find a loan, Mozo is here to lend a hand. Start comparing secured loans on our personal loans hub page now!
Our expert guides will give you the knowledge you need to manage your personal loan from application to repayment. See all
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Stay up to date with the latest personal loan trends, changes in interest rates, and lending insights with expert tips and advice from Mozo’s trusted writers. See all
This will depend on the lender and loan product. Generally speaking, the following assets can be used:
Yes, you can pay off secured personal loans early. However, depending on the lender you’re with and the loan, there might be fees involved. There might also be restrictions based on the amount of time you have left on your loan term. Keep in mind, variable rate loans tend to offer more flexible features, like early repayments. Fixed rate loans can be stricter on this sort of thing and there can be additional fees involved, like break costs and/or early payment penalty fees.
If you’re unable to meet your repayments and default on a secured personal loan, the lender has the right to repossess and sell your asset to recover the loss. This is unfortunate, but it’s also the risk that comes with the lower interest rates of a secured loan. If you feel like you could be in danger of defaulting on a loan, you may be able to reach an agreement with your lender due to financial hardship. You may also want to consider seeking financial assistance.
You can use our secured personal loan comparison table to compare secured personal loan products and lenders until you’ve found one that best suits your financial needs and budget. We also pick the top loans in our Mozo Experts Choice Awards. Most lenders generally offer both fixed and variable rate options. Remember, variable rates can change at any time in line with official cash rate movements, while fixed rates won’t change once you're locked in.
Yes, there are likely to be a few fees. Here are some you may need to budget for:
Application fee: Some providers charge a one-off fee to process your application and cover costs.
Ongoing fee: Usually charged monthly, an ongoing fee will generally be much lower than the application fee.
Break cost fee: Be sure to find a loan that offers fee-free extra repayments and charges a minimal penalty for exiting the loan before the agreed timeframe.
Late payment fee: If you can't keep up with your repayments, you could be hit up with a late payment fee.
There’s one major difference: unsecured loans don’t require collateral and, as such, usually come with higher interest rates because there’s more at stake for the lender. To assess an unsecured loan, the lender often goes by the strength of your cash flow as security, instead of physical assets. These are typically for smaller amounts ($100k or less) as well. Learn more about the different types of personal loans with our guide.
ANZ’s personal loan product stands out for its flexibility, competitive rates, and ease of application. One of the key advantages is the choice between a fixed or variable interest rate, allowing borrowers to select an option that best suits their financial situation. The fixed-rate loan provides certainty in repayments, making budgeting easier, while the variable rate offers the potential for savings if interest rates decrease. The application process is straightforward, with online tools that allow for quick pre-approval and loan calculations. ANZ also provides the option for extra repayments on variable loans, helping reduce interest costs over time. The ability to redraw extra repayments (for variable loans) is another plus, offering financial flexibility if needed. Additionally, the loan terms range from 1 to 7 years, giving borrowers control over their repayment period. Customer service is also reliable, with support available through online banking, branches, and phone assistance. Overall, ANZ’s personal loan product is a great choice for those looking for competitive rates, repayment flexibility, and a seamless application experience.
Read full reviewANZ’s personal loan product stands out for its flexibility, competitive rates, and ease of application. One of the key advantages is the choice between a fixed or variable interest rate, allowing borrowers to select an option that best suits their financial situation. The fixed-rate loan provides certainty in repayments, making budgeting easier, while the variable rate offers the potential for savings if interest rates decrease. The application process is straightforward, with online tools that allow for quick pre-approval and loan calculations. ANZ also provides the option for extra repayments on variable loans, helping reduce interest costs over time. The ability to redraw extra repayments (for variable loans) is another plus, offering financial flexibility if needed. Additionally, the loan terms range from 1 to 7 years, giving borrowers control over their repayment period. Customer service is also reliable, with support available through online banking, branches, and phone assistance. Overall, ANZ’s personal loan product is a great choice for those looking for competitive rates, repayment flexibility, and a seamless application experience.
Likes: User-friendly app with great features like spending insights and instant transfers. Convenient branches and ATMs across Australia. Strong security measures for peace of mind. Dislikes: Fees can be high, especially for international transactions. Long wait times for customer service. Interest rates on savings accounts aren’t the most competitive.
Read full reviewLikes: User-friendly app with great features like spending insights and instant transfers. Convenient branches and ATMs across Australia. Strong security measures for peace of mind. Dislikes: Fees can be high, especially for international transactions. Long wait times for customer service. Interest rates on savings accounts aren’t the most competitive.
Anz is a very reliable and safe bank with a new feature called ANZ PLUS. Which is a more safer and secure bank account. Great interest rates for long term investment. Would recommend to anyone. Everytime I have dealt with this bank I’ve always had an immaculate and easy experience with customer service.
Read full reviewAnz is a very reliable and safe bank with a new feature called ANZ PLUS. Which is a more safer and secure bank account. Great interest rates for long term investment. Would recommend to anyone. Everytime I have dealt with this bank I’ve always had an immaculate and easy experience with customer service.
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