Consumer Secured Loans

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 pentiles 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

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

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