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Secured Personal Loan - Greater Bank

Make it happen with a Secured Personal Loan

Interest rate 6.78 % p.a.
Comparison rate 7.17 %^ p.a.
Secured - Fixed rates for 1-7 years

Want more to explore? 

You’ve got the dream. Let us worry about the dough. Low rates, low fees, quick to apply and quick to approve.

Why choose our Secured Personal Loan?

Borrow up to 110%

When borrowing, you offer collateral as security for the loan. We offer loans up to 110% of the value of your security (except for term investments, for which we offer loans up to 100% of your value).

No repayment shock

Fixed interest rates let you stay in control with repayments.

Pre-approval

Get pre-approved for loan amounts between $5,000 - $100,000 so you can shop with confidence or start planning your project.

No monthly fees or annual fees.

None. Zip. Ever.

Repayments on your terms

Select a repayment term and frequency that suits you. Loans from 1-7 years, with weekly, fortnightly or monthly principal and interest repayments.

Pay it off sooner

No penalties for making additional repayments, or paying your loan out sooner. Plus, free, unlimited online redraw is available.

 

Rates are effective as at 9am Thursday 07/11/2024

Secured Personal Loan Interest Rates

Secured Personal Loan - terms up to: Interest rate Comparison rate
7 Years Fixed 6.78% p.a. 7.17% p.a.

Fees and charges

Establishment Fee $275
Monthly Fee $0

Government registration fees may apply. The above are a selection of our fees only. Additional Fees and Charges may apply. Subject to Greater Bank's lending criteria. For further information please view the Lending Products Product Schedule and Personal Loan Terms and Conditions.

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Current Product Schedule - Lending Products 172kB

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Current Personal Loan Terms and Conditions 349kB

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Current Home, Personal and Business Loan Fees and Charges 328kB

Our Secured Personal Loan is for customers seeking a loan for the finance of a vehicle purchase or funds to meet a significant expense (e.g.: Holiday or Wedding) and can offer acceptable security. View our Target Market Determinations here.

What can the loan be used for?

Proceeds from the secured personal loan can be used to purchase a used car, new caravan or boat for personal use.

Who can apply for a Secured Personal Loan?

Anyone can apply for a Secured Personal Loan with us, provided that you:

  • Are 18 years of age or older and reside within NSW, QLD or ACT,
  • Earn an income in excess of $20,000 p.a. and you have a satisfactory credit history,
  • Are an Australian permanent resident.

Subject to Greater Bank's lending criteria. Fees and charges apply. For further information please view the Lending Products Product Schedule and Personal Loan Terms and Conditions.

 

How to apply

Apply online

Simply enter your personal and loan details into our online form

Submit your application

That’s it. Too easy - we’ll be in touch to confirm the outcome of your application.

Apply on your own Apply with someone else

Log in

Apply using our app or online banking

Confirm your details

Double-check your personal and loan details are correct

Submit your application

That’s it. Too easy - we’ll be in touch to confirm the outcome of your application.

Log in

 

Calculate your Personal Loan repayments

Got a question about our Secured Personal Loan?

Of course. Here’s how to apply for a Personal Loan with more than one applicant.

Who can apply for a Greater Bank Joint Personal Loan?

Anyone can apply for a joint Personal Loan with Greater Bank, so long as both applicants are 18 years of age or older, have a satisfactory credit history, and are Australian permanent residents. 

What you’ll need to apply for a joint Personal Loan

To get things started, all we need is a few simple details. That’s it.

Our Joint Personal Loan Enquiry Form lets one of our lending experts know that you’re ready to apply with more than one applicant, and they’ll reach out to you.

Before our lending team gets in touch, it helps to have the following handy for all applicants:

  • Your current and previous employer details including name, address and contact number;
  • What you currently earn;
  • Current loan repayments and other payments you make;
  • Credit and store card limits and the value of your assets, and;
  • What your average monthly general living expenses are.

What to expect after applying

After speaking with our lending team, it’s over to us to do all the heavy lifting. You’ll hear from us again before long with the outcome of your application.

For a Secured Personal Loan and New Car Loan, you can apply for a loan between $5,000 to $100,000.

For an Unsecured Personal Loan, you can apply for a loan between $5,000 to $50,000.

 

Secured Personal Loans

A secured loan means you nominate an acceptable asset of yours (something valuable you already own) as security against the money you’ve borrowed.

It means if you’re unable to repay the loan, we may be able to sell the asset to pay towards your loan.

Unsecured Personal Loans

An unsecured loan is a loan without an asset as security for the debt.

The interest rate for an unsecured loan is usually higher than a secured personal loan since this is a higher risk scenario for the bank.

Greater Bank offers both secured and unsecured personal loans to suit your needs.

 

At Greater Bank, we don’t think you should have to wait to get what you want.

That’s why we aim to approve your Personal Loan within 24 hours.

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Frequently asked questions

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

13 13 86

*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273 

Personal Loan repayment terms range from a minimum of 1 year to a maximum of 7 years. Comparison Rate Schedules are available at your local branch. A caravan, boat or motorbike offered as security must be brand new and purchased from an authorised dealer and a used car up to 7 years old can be offered as security.

^ Personal Loan comparison rates are based on $30,000.00 for a term of five (5) years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates are subject to change without notice. Please read our Terms and Conditions for more information.