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Secured Personal Loans

  • Want money for a new car, holiday or to consolidate debts? Secured personal loans let you borrow against an asset and in return you pay a lower interest rate. Check out the table below for some of current secured personal loan deals on the market.

  • What's the difference between secured and unsecured loans?

    A secured loan is a loan when an asset owned by you is put up as security for the loan. In return for putting up the asset as security you generally pay a lower interest rate as their is less risk to a lender. An unsecured loan is where you don't have to put up any collateral for the loan but because there is higher risk, you generally have to pay a higher interest rate. For more info, check out our guide on types of personal loans.

  • What interest rate will I pay on a secured personal loan?

    Most lenders will have a choice between a fixed interest rate and a variable interest rate. Variable rate secured loans often have more flexibility such as extra repayment options and redraws but rates are usually higher than fixed rates. Fixed rate loans are lower but you don't have the ability to change your repayments.

  • Can I repay a secured loan out early?

    Yes, but you may have to pay a fee and/or it will depend on how much time is left on the personal loan. Some lenders will waive fees if there is less than 6 months left. Variable rate loans generally also have more flexibility with early payouts. With fixed rate personal loans, you'll generally have to pay break costs on top of an early penalty fee so this is a more expensive option.

Personal loan comparisons on Mozo Rates updated daily

  • People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed)

    People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed)

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options

    interest rate

    7.99% p.a.

    comparison rate*

    8.35% p.a.based on $30,000
    over 5 years

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    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $31,529.43 including fees.

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options
    • Security type: Vehicle
    • Upfront fee: $250
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $10,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    7.3

    Based on 38 People's Choice Credit Union personal loan reviews

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  • St.George Secured Personal Loan (Fixed)

    St.George Secured Personal Loan (Fixed)

    • Fast online application, submit and receive a response in 60 seconds
    • Fliexible loan terms
    • Borrow from $3K to $80K

    interest rate

    8.49% p.a.

    comparison rate*

    9.39% p.a.based on $30,000
    over 5 years

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    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 8.49% would cost $31,881.65 including fees.

    • Fast online application, submit and receive a response in 60 seconds
    • Fliexible loan terms
    • Borrow from $3K to $80K
    • Security type: Vehicle
    • Upfront fee: $195
    • Monthly fee: $9.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $3,000.00
    • Maximum loan amount: $80,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 5 Years
    Overall rating

    7.6

    Based on 141 St.George personal loan reviews

    Need more information?
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  • BCU Freedom Loan (Variable, Secured)

    BCU Freedom Loan (Variable, Secured)

    • Competitive rates
    • Service comes first
    • Fast, 30-minute approval available

    interest rate

    8.94% p.a.to 10.69% p.a.

    comparison rate*

    9.85% p.a.to 11.59% p.a.based on $30,000
    over 5 years

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    Terms from 1 to 5 years. Representative example: a 5 year $30,000 loan at 8.94% would cost $31,975.85 including fees.

    • Competitive rates
    • Service comes first
    • Fast, 30-minute approval available
    • Security type: Various, Vehicle
    • Upfront fee: $250
    • Monthly fee: $8.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $4,000.00
    • Maximum loan amount: $75,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 5 Years
    Overall rating

    9.7

    Based on 62 BCU personal loan reviews

    Need more information?
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  • RACQ Secured Personal Loan (Fixed)

    RACQ Secured Personal Loan (Fixed)

    • Loan approval decision within 5 business hours
    • No monthly fees
    • Choose loan terms from 1 to 7 years

    interest rate

    9.45% p.a.

    comparison rate*

    10.00% p.a.based on $30,000
    over 5 years

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    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.45% would cost $31,901.45 including fees.

    • Loan approval decision within 5 business hours
    • No monthly fees
    • Choose loan terms from 1 to 7 years
    • Security type: Vehicle
    • Upfront fee: $378
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Fortnightly, Monthly
    • Minimum loan amount: $20,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Need more information?
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  • Hunter United Secured Personal Loan (Variable)

    Hunter United Secured Personal Loan (Variable)

    • Borrow up to $70,000 for just about anything (with security)
    • Get 6.99% (comparison rate 7.91%) for cars less than 5 years old
    • No early repayment penalties and flexible repayment options

    interest rate

    9.45% p.a.

    comparison rate*

    10.36% p.a.based on $30,000
    over 5 years

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    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 9.45% would cost $32,061.45 including fees.

    • Borrow up to $70,000 for just about anything (with security)
    • Get 6.99% (comparison rate 7.91%) for cars less than 5 years old
    • No early repayment penalties and flexible repayment options
    • Security type: Vehicle
    • Upfront fee: $250
    • Monthly fee: $8.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount:
    • Maximum loan amount: $70,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    5.0

    Based on 1 Hunter United personal loan reviews

    Need more information?
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  • Latitude Low Rate Personal Loan (Fixed, Secured)

    Latitude Low Rate Personal Loan (Fixed, Secured)

    • Available to new Latitude personal loan customers only
    • Applicants must be mortgage holders or homeowners
    • Applicants must have an excellent credit rating

    interest rate

    9.99% p.a.

    comparison rate*

    11.22% p.a.based on $30,000
    over 5 years

    Go to site

    More info

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 9.99% would cost $32,332.50 including fees.

    • Available to new Latitude personal loan customers only
    • Applicants must be mortgage holders or homeowners
    • Applicants must have an excellent credit rating
    • Security type: Vehicle
    • Upfront fee: $250
    • Monthly fee: $13.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $20,000.00
    • Maximum loan amount:
    • Minimum loan term: 2 Years
    • Maximum loan term: 7 Years
    Overall rating

    4.4

    Based on 63 Latitude personal loan reviews

    Need more information?
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  • St.George Secured Personal Loan (Variable)

    St.George Secured Personal Loan (Variable)

    • Fast online application, submit and receive a response in 60 seconds
    • Fliexible loan terms
    • Borrow from $3K to $80K

    interest rate

    12.74% p.a.

    comparison rate*

    13.62% p.a.based on $30,000
    over 5 years

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.74% would cost $32,603.79 including fees.

    • Fast online application, submit and receive a response in 60 seconds
    • Fliexible loan terms
    • Borrow from $3K to $80K
    • Security type: Vehicle
    • Upfront fee: $195
    • Monthly fee: $9.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $3,000.00
    • Maximum loan amount: $80,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    7.6

    Based on 141 St.George personal loan reviews

    Need more information?
    Go to site

    More info

  • Bank of Melbourne Secured Personal Loan (Variable)

    Bank of Melbourne Secured Personal Loan (Variable)

    • Choose the frequency of your repayments
    • Repay your loan over 1 to 7 years
    • Apply online and get a response in 60 seconds

    interest rate

    12.74% p.a.

    comparison rate*

    13.62% p.a.based on $30,000
    over 5 years

    Go to site

    More info

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 12.74% would cost $32,603.79 including fees.

    • Choose the frequency of your repayments
    • Repay your loan over 1 to 7 years
    • Apply online and get a response in 60 seconds
    • Security type: Vehicle
    • Upfront fee: $195
    • Monthly fee: $9.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $3,000.00
    • Maximum loan amount: $80,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    7.3

    Based on 18 Bank of Melbourne personal loan reviews

    Need more information?
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  • Latitude Personal Loan (Fixed, Secured)

    Latitude Personal Loan (Fixed, Secured)

    • Make extra repayments whenever you like
    • Multi-purpose loan - can be used for car
    • Stay in control with a fixed rate for the life of the loan

    interest rate

    12.99% p.a.to 28.99% p.a.

    comparison rate*

    14.20% p.a.to 30.13% p.a.based on $30,000
    over 5 years

    Go to site

    More info

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 12.99% would cost $32,846.09 including fees.

    • Make extra repayments whenever you like
    • Multi-purpose loan - can be used for car
    • Stay in control with a fixed rate for the life of the loan
    • Security type: Vehicle
    • Upfront fee: $250
    • Monthly fee: $13.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Minimum loan amount: $3,000.00
    • Maximum loan amount:
    • Minimum loan term: 2 Years
    • Maximum loan term: 7 Years
    Overall rating

    4.4

    Based on 63 Latitude personal loan reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 177 personal loans in the Mozo comparison engine.

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* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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