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
  • Fixed Repayment Amount
  • Flexible Repayment Options
  • FREE Internet Banking
  • Secured & Unsecured
  • Approved In Just 24 Hours*!

Features Checklist

Interest type & rate
Interest Type fixed
Interest Rate From 9.65%p.a.1
View interest rate schedule
Comparison Rate From 10.69%p.a.
Loan Term
Loan Term
 1 to 7 years
Maximum amount Up to $50,000^
Repayments
Repayment frequency Weekly, fortnightly or monthly
Extra repayment Yes
Early repayment Yes
Redraw Available on secured loans
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 deposit held with the Greater

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.