Secured Personal Loans Australia 2026
Lower rates when you use your car or assets as security. Compare from 30+ lenders.
43 products found
| Type | Loan Amount | ||||
|---|---|---|---|---|---|
Harmoney Home Renovation Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Debt Consolidation Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Personal Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Wedding Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Medical Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Education Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
|
Harmoney Holiday Loan Harmoney |
Fixed | 5.76%p.a. | 5.76%p.a. | $2,000 – $100,000 | |
Secured Green Personal Loan Bendigo Bank |
Variable | 5.49%p.a. | 5.84%p.a. | $2,000+ | |
Secured Personal Loan Now Finance |
Fixed | 5.95%p.a. | 5.95%p.a. | $15,000 – $100,000 | |
Secured personal loan Liberty Financial |
Fixed | 5.67%p.a. | 6.1%p.a. | $5,000 – $80,000 | |
Secured Loan Newcastle Permanent |
Fixed | 6.49%p.a. | 6.84%p.a. | $0+ | |
Secured Personal Loan Greater Bank |
Fixed | 6.78%p.a. | 7.17%p.a. | $5,000 – $100,000 | |
Debt Consolidation Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $75,000 | |
|
Home Improvement Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $100,000 | |
|
Medical/Dental Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $75,000 | |
|
Personal Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $100,000 | |
|
Green Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $75,000 | |
|
Education Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $75,000 | |
|
Pools and Spas Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $100,000 | |
|
Holiday/Travel Loan Handy Finance |
Fixed | 6.57%p.a. | 7.19%p.a. | $2,001 – $75,000 |
Harmoney Home Renovation Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Debt Consolidation Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Personal Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Wedding Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Medical Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Education Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Harmoney Holiday Loan
Harmoney
Interest Rate
5.76%
Comparison
5.76%
Secured Green Personal Loan
Bendigo Bank
Interest Rate
5.49%
Comparison
5.84%
Secured Personal Loan
Now Finance
Interest Rate
5.95%
Comparison
5.95%
Secured personal loan
Liberty Financial
Interest Rate
5.67%
Comparison
6.1%
Secured Loan
Newcastle Permanent
Interest Rate
6.49%
Comparison
6.84%
Secured Personal Loan
Greater Bank
Interest Rate
6.78%
Comparison
7.17%
Debt Consolidation Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Home Improvement Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Medical/Dental Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Personal Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Green Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Education Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Pools and Spas Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Holiday/Travel Loan
Handy Finance
Interest Rate
6.57%
Comparison
7.19%
Key points (TL;DR)
- Secured personal loans use an asset as collateral, which typically unlocks lower interest rates.
- In Australia, secured rates start from ~5.67% p.a. compared to 5.76% p.a. for unsecured — but the spread widens significantly for moderate credit.
- You can use cars, boats, caravans, motorbikes, or term deposits as security.
- The trade-off: if you default, the lender can repossess the asset.
When you use an asset as security on a personal loan, lenders take less risk — and they price that accordingly. Secured personal loans in Australia start from around 5.67% p.a. as of May 2026. LoanGorilla compares personal loans from 30+ lenders across secured and unsecured options.
For a full comparison, see our personal loans hub.
What a secured personal loan is
A secured personal loan is one where you offer an asset — called collateral or security — to back the debt. In exchange for taking on less risk, lenders typically offer lower interest rates and may approve larger loan amounts.
The loan works like any personal loan: lump sum, fixed term (1–7 years), regular repayments (weekly, fortnightly, or monthly).
What you can use as security
🚗 Motor vehicles
Most widely accepted. Must be under a certain age (often 12–15 years at loan end).
⛵ Boats & watercraft
Recreational vessels accepted by many lenders. Similar valuation and age criteria apply.
🏕️ Caravans & campervans
Works the same way as vehicle security. Condition and age affect pricing.
🏍️ Motorbikes
Can be secured against the bike itself. Age and value criteria apply.
🏦 Term deposits
Some lenders accept term deposits. Rates can be particularly competitive.
⚙️ Other assets
Equipment or machinery may be accepted, though less common for personal loans.
Secured vs unsecured — the real cost difference
| Loan Type | Interest Rate From | Comparison Rate From |
|---|---|---|
| Secured | 5.67% p.a. | 6.10% p.a. |
| Unsecured | 5.76% p.a. | 5.76% p.a. |
Where the gap matters — mid-range credit (Good, 661–734):
Secured ~9.5% p.a. vs Unsecured ~13.5% p.a. on a $20,000 loan over 5 years = ~$4,400 extra interest on the unsecured option.
When a secured loan makes sense (and when it doesn't)
Good fit
- You're buying an asset — car, boat, caravan, motorbike
- You want the lowest possible rate and have an eligible asset
- Your credit score is moderate and you want to improve approval odds
- The loan amount is large enough that the rate difference is meaningful
- You're confident in your ability to repay
May not make sense
- The asset has significant personal value you can't afford to lose
- Your loan purpose isn't tied to an asset
- You want to repay early — some secured loans carry larger payout fees
- The loan amount is small (under $5,000)
- You're buying from a private seller and need flexibility
If you're funding a purpose without a clear asset — a wedding, medical expenses, debt consolidation — an unsecured personal loan is usually the simpler, faster path.
How to compare secured personal loans
| Factor | What to check |
|---|---|
| LVR (Loan-to-Value) | Most lenders cap at 80–100% of the asset's assessed value. |
| Asset valuation | Lenders use recognised sources (Glass's Guide, Red Book for vehicles) to assess market value. |
| Asset age limits | Older assets depreciate faster. Lenders cap age for this reason. |
| Comparison rate | Includes fees — gives a more accurate total cost figure. |
| Fixed vs variable | Affects flexibility to make extra repayments. |
| Early repayment | Check for early payout fees, especially on fixed 5–7 year products. |
What affects your rate on a secured loan
The asset provides a floor for the lender's risk, but your credit score, income, loan amount, and term still shape the rate. Better credit + quality security = strongest rate outcome. See the full rate driver guide on the personal loans hub.
Eligibility snapshot
Standard eligibility criteria apply — 18+, Australian citizen or permanent resident, and a regular income. For secured loans, you'll also need to provide details of the asset and evidence of ownership. The full eligibility and documents checklist is on our personal loans hub.
Compare before you apply
Secured loan rates vary significantly across lenders, even for the same asset and borrower profile. A few minutes comparing through LoanGorilla can reveal gaps of 2–4% p.a. between lenders — which is thousands of dollars over a 5-year term.
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Secured Personal Loans FAQ's
Rates shown are subject to change. Comparison rates are based on an unsecured $30,000 loan over 5 years. WARNING: This comparison rate applies only to the example given. Always read the lender's terms before applying.