Secured Loans
A secured personal loan is one where we take an asset as collateral for the loan. It means that in the unfortunate instance that someone defaults in payment of their loan, we can take possession of the asset and sell it to recover the debt.
We can use a house or funds invested with the Greater to secure a personal loan. If you are purchasing a brand new boat, caravan or motorcycle, we can also use them to secure a personal loan.
Partly Secured Loans
In some circumstances it may be possible to lend more than the value of the security you have to offer. We refer to these loans as Partly Secured.
Key Features and Benefits
- Competitive Interest Rate
- Fixed Repayment Amount
- Flexible Repayment Options
- FREE Internet Redraw facility
- Approved In Just 24 Hours*!
Features Checklist
| Interest type & rate |
| Interest Type |
fixed |
| Interest Rate |
From 9.25%p.a.
View interest rate schedule |
| Comparison Rate |
From 11.54%p.a.1 |
Loan Term
|
Loan Term
|
1 to 7 years |
| Maximum amount |
Up to $50,000^ |
| Repayments |
| Repayment frequency |
Monthly
You may choose to satisfy your monthly repayments by making weekly, fortnightly or monthly payments.
|
| Extra repayment |
Yes |
| Early repayment |
Yes |
| Redraw |
Yes |
| Fees & Charges |
| Establishment Fee |
From $150 |
| Annual Fee |
Nil |
| Monthly fee |
Nil |
| Other Features and benefits |
| Free Internet Banking |
Yes |
| Free Phone Banking |
Yes |
| Securities |
| Acceptable Securities |
- Motor vehicle up to 10 years old
- New motor cycles, boats and caravans
- Residential mortgage held with the Greater Building Society
- Term investment held with the Greater Building Society
|
1Personal Loan comparison rates are based on $10,000 for a term of 3 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.
* Subject to meeting Greater Buyilding Society lending criteria and the provision of documentary proof.
^ Where residential security or term deposit with Society is offered as security up to a maximum of $100,000.
