Consumer Secured Loans

Consumer Secured Loans Overview

If you’d like to buy a car and it’s not going to be used for business purposes then a Consumer Loan is for you. Our secured loans mean you can make extra payments when you want and, the interest is calculated daily.

An advantage of a personal consumer loan is that you will be able own and use the asset financed immediately. This appeals to many of our clients. The best way to look at whether a personal consumer loan is right for you is to look at like this: If you are planning to use the asset for more than 50% personal use than this loan product is right for you. Our clients’ use a personal consumer loan to finance assets like cars, motorbikes, boats, caravans, trailers and jet skis.

Who can benefit from Consumer Secured Loans

• A personal consumer loan is suitable for anyone who is planning to use the asset for non-business use. If you plan to use the asset for more than 50% business use a business loan would be a better solution.

Consumer Secured Loan Key Features

• $0 penalties for extra repayments
• Interest rates are fixed for the full term of the loan
• The title is held in your name from the commencement of the loan
• Asset backed clients can set up a balloon or residual – A payment which is larger than your other payments and is at the end of the loan. Can help to reduce interest paid on the loan.
• Additional repayments can be made anytime during the loan
• The secured loan can be paid out before the end of the loan contract
• Depreciation can be claimed if used for business
• A deposit may be required.

Consumer secured loan benefits

• From the time the starts of the loan you own the asset
• You can pay off your loan early with extra payments
• Claim depreciation when it is business for business
• Don’t pay any upfront fees, They can be consolidated in the loan
• No deposit is needed but helps and will save you interest

Consumer secured loan interest rates

Our consumer secured loan interest rates start from 7.25%*.

• Interest is calculated daily and charged monthly.
• Interest rate is fixed throughout the term of the loan.

Consumer secured loan fees and charges

• There’s an establishment fee and a small charge if you want a cash booklet.
• There may also be an early termination charge.

Consumer secured loan repayment schedules

Repayments can be made

• Fortnightly
• Monthly
• Yearly
• Quarterly
• Semi Annually
• Seasonal
• Irregular

Click here to review our Comparison Table of Loan Products