Secured Personal Loans
If you are looking for a Secured Personal Loan for an important expense or purchase, look no further!
Finance Monster is an industry expert with the ability to seek out competitive offers on all types of loan. We carry out the comparisons so that you don’t have to – and we won’t charge you for this service, because we charge the lenders instead. So it’s a win-win for everyone to get a Secured Personal Loan with Finance Monster.
What are Personal Secured Loans?
Personal: Starting with the ‘personal’ part, a Personal Loan is a loan that establishes consumer credit for personal use – i.e. not for business or commercial purposes. You may need this money for anything from a motor purchase to an educational course, or from home renovations to a much-deserved holiday.
Secured: If a loan is secured, it means the money borrowed is guaranteed by another asset – for example a boat or a car. A Secured Personal Loan by an asset will be easier to get than an Unsecured Loan. In the event that the borrower cannot keep up repayments, the lending agent is authorised to repossess the asset. They may eventually even sell it, if needs be.
It’s as simple as that! Call Finance Monster today to speak to one of our friendly staff about Personal Secured Loans
Secured Personal Loan rates
One major plus point for Secured Personal Loans is that, since they are secured against an asset, they have lower interest rates attached to them. A Personal Loan secured by an asset such as a house or a car is less risky as far as the bank is concerned. This also means this type of loan is easier to get hold of than an Unsecured Loan (but if you do happen need an Unsecured Loan, we can help you with that too!).
Fixed or Variable Rate Personal Loans
Secured and Personal Loans have standard features that allow you to choose between variable and fixed interest rates. Variable rates may be lower, but could fluctuate according to the Australian Official Cash Rate (OCR). Fixed rates stay the same for the duration of the loan repayment period, and will therefore not drop even if interest rates fall.
Our Best Personal Loan Rate
AVAILABLE FOR VERY LIMITED TIME
*The comparison rate is based on a loan of $25,000 for a term of 5 years. WARNING. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Flexible repayment options
Flexible repayment options may also be available with Secured Personal Loans. Variable Personal Loan rates usually offer more freedom than Fixed Rate Loans, because they include more features, such as the option to make extra repayments when you wish. Why not allow Finance Monster to negotiate repayment options with your lender on your behalf? Call Finance Monster to access some of the best Secured Personal Loan rates in Australia.
Anything else I need to know?
Remember, Personal Loans secured by assets will pose a direct threat to the concerned asset if you do not stick to the terms of the loan. This means you need to be extra careful about keeping up repayments. As long as you remember the fact your lender always has the right to repossess assets used to secure your loan, then you should avoid getting into trouble. It is best to always stay in close contact with your lender about any delays or problems you are having making repayments.
Why use a broker to get a Personal Secured Loan?
When trying to get your hands on a loan, the obvious thing to do is to ask the banks yourself – and hope that you find a Personal Loan that suits your requirements. But the fact is, this is not necessarily the way to get the best Secured Personal Loan available at that time. Banks will not always give you their best available rates and terms – especially if they think they can get away with selling you another product.
Finance Monster and Personal Secured Loans
The question is, why would you want to be paying higher interest on your loan than you need to be? Nobody in their right mind would throw $100 notes into the sea – but this is exactly what you are doing if you do not find a good Secured Personal Loan. Finance Monster has the knowledge and contacts to scour hundreds of offers in a few easy steps. And because our service is obligation free, it would be silly to not make the most of it!
Any other questions about Personal Loans secured by assets?
Here at Finance Monster we love chatting to you and working alongside you to find Car Loan rates, Home Loan or Secured Personal Loan rates that suit you. We want to make it easier for you to live your life. If you have any questions about any aspect of your borrowing, just call us! We are always at the other end of the phone and always ready to talk.