Secured personal loans – compare rates in Australia
We compare 12 offers. Updated 13 May 2026.
Best offers – Secured personal loans 2026
Macquarie - Car Loan
Car loans up to $250 000
$10,000 – $250,000
Interest from 11.00%
Approval: 24 hours
Heritage Bank
Personal loans up to $100 000
$5,000 – $100,000
Interest from 7.99%
Approval: 24 hours
Wisr Secured Car Loan
Online loans up to $63 000
$5,000 – $63,000
Interest from 5.01%
Approval: 24 hours
Latitude Financial Services Secured Personal Loan
Online loans up to $70 000
$3,000 – $70,000
Interest from 7.26%
Approval: 24 hours
Bendigo Bank Unsecured Personal Loan
Personal unsecured Loan up to $100 000
$2,000 – $100,000
Interest from 7.99%
Approval: 24 hours
Bendigo Bank Secured Green Personal Loan
Green Secured Loan up to $100 000
$2,000 – $100,000
Interest from 7.21%
Approval: 24 hours
Pepper Money Personal Loan
Secured and unsecured personal loans from Pepper Money, an Australian non-bank lender. No establishment or early repayment fees.
$5,000 – $100,000
Interest from 5.95%
Approval: 1-2 business days
Liberty Personal Loan
Secured and unsecured personal loans from Liberty Financial. Borrow up to $80,000 with rates from 5.67% p.a. for secured loans.
$5,000 – $80,000
Interest from 5.67%
Approval: 1-3 business days
What is a secured personal loan?
A secured personal loan is a loan where you offer an asset, most commonly a car, as collateral. If you cannot repay, the lender can sell the asset to recover the debt. Because the lender has this protection, secured loans typically have lower interest rates than unsecured loans.
Secured personal loan rates in Australia typically start from around 5.95% p.a. compared to 7%-10%+ for unsecured. On a $20,000 loan over 5 years, a 2% rate difference saves roughly $1,100 in interest.
What can be used as security?
A car is the most common form of security. Some lenders also accept motorbikes, caravans or boats. The vehicle usually needs to be under a certain age, typically 10-12 years old, and must be registered in your name. A few lenders accept term deposits or managed funds as security.
Who offers secured personal loans?
Most major banks and non-bank lenders offer secured personal loans, including ANZ, NAB, Pepper Money, Liberty Financial, Harmoney, Latitude Financial Services and Heritage Bank. Each lender sets its own vehicle age limits, loan amounts and rate ranges.
Risks to consider
- Your asset can be repossessed if you miss repayments. Do not use a car you cannot afford to lose.
- The lender may register a security interest on the vehicle through PPSR (Personal Property Securities Register). The car cannot be sold without discharging this first.
- If the car depreciates faster than you repay the loan, you could end up owing more than the vehicle is worth.