Secured Loan
A secured loan uses an eligible asset as security for the finance.
Secured lending may have different pricing and lending criteria from an unsecured loan.
Sometimes the plan needs funding. Let's understand the numbers before you commit.
A personal loan may be used for a range of eligible personal purposes.
Whatever the reason for borrowing, we believe the finance should be understood clearly.
How much are you borrowing?
How long will you be repaying it?
What will the repayments look like?
And what will the finance cost over the proposed term?
We'll help you understand the lending options available based on your circumstances and the purpose of the loan.
Tell us what you're looking to fund and the amount you're considering borrowing.
We'll review the information relevant to the proposed application and assess suitable lending options.
Secured or unsecured. Fixed or variable. Different structures can have different rates, terms, fees and requirements.
We'll explain the proposed repayments, loan term and key costs before you proceed.
Once you're comfortable with the recommendation, we'll progress the application and work through the lender's requirements.
Simple. Clear. Understood.
A secured loan uses an eligible asset as security for the finance.
Secured lending may have different pricing and lending criteria from an unsecured loan.
An unsecured personal loan does not require an asset to be provided as security.
The lender will assess the application based on its lending criteria and your financial position.
A fixed interest rate generally remains unchanged for the agreed fixed loan term, providing greater certainty around scheduled repayments.
A variable interest rate can change over the life of the loan.
Repayment flexibility and available features vary between lenders.
The question isn't only whether you can borrow the money. It is whether you understand the commitment you're making.