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Secured Personal Loan - Greater Bank

Secured Personal Loan

Interest rate 6.78 % p.a.
Comparison rate 7.17 %^ p.a.
Secured - Fixed rates for 1-7 years

Whatever you’ve got planned, our Secured Personal Loan can make it happen sooner. We offer low-interest rates, minimal fees and approvals in as little as 24 hours.

Why choose our Secured Personal Loan?

Available for any worthwhile personal purchase – such as a car, new boat or caravan , holiday or renovation.
When borrowing, you offer collateral as security for the loan. We offer loans up to 120% of the value of your security (except for term investments, for which we offer loans up to 100% of your value).
Competitive fixed interest rate which lets you stay in control with repayments.
Get pre-approved so you can shop with confidence or start planning your project.
No monthly fees or annual fees.
Borrow any amount from $5,000 up to $100,000.
Select a repayment term and frequency that suits you. Loans from 1-7 years, with weekly, fortnightly or monthly principal and interest repayments.
No penalties for making additional repayments, or paying your loan out sooner.
Free, unlimited online redraw available.
Keep track of your loan wherever you are 24/7 via online banking or our mobile app.
Rates are effective as at 9am Wednesday 17/08/2022

Secured Personal Loan Interest Rates

Secured Personal Loan - terms up to: Interest rate Comparison rate
7 Years Fixed 6.78% p.a. 7.17% p.a.

Fees and charges

Establishment Fee $275
Monthly Fee $0

Government registration fees may apply. The above are a selection of our fees only. Additional Fees and Charges may apply. Subject to Greater Bank's lending criteria. For further information please view the Lending Products Product Schedule and Personal Loan Terms and Conditions.

What can the loan be used for?

Proceeds from the secured personal loan can be used to purchase a used car, new caravan or boat for personal use.

Who can apply for a Secured Personal Loan?

Anyone can apply for a Secured Personal Loan with us, provided that you:

  • Are 18 years of age or older and reside within NSW, QLD or ACT,
  • Earn an income in excess of $20,000 p.a. and you have a satisfactory credit history,
  • Are an Australian permanent resident.

Subject to Greater Bank's lending criteria. Fees and charges apply. For further information please view the Lending Products Product Schedule and Personal Loan Terms and Conditions.

Need help getting what you want sooner?

Personal Loan Repayments Calculator

Savings Goal Calculator

Budget Planner

Got a question about our Secured Personal Loan?

For a Secured Personal Loan and New Car Loan, you can apply for a loan between $5,000 to $100,000.

For an Unsecured Personal Loan, you can apply for a loan between $5,000 to $50,000.


Secured Personal Loans

A secured loan means you nominate an acceptable asset of yours (something valuable you already own) as security against the money you’ve borrowed.

It means if you’re unable to repay the loan, we may be able to sell the asset to pay towards your loan.

Unsecured Personal Loans

An unsecured loan is a loan without an asset as security for the debt.

The interest rate for an unsecured loan is usually higher than a secured personal loan since this is a higher risk scenario for the bank.

Greater Bank offers both secured and unsecured personal loans to suit your needs.


At Greater Bank, we don’t think you should have to wait to get what you want.

That’s why we aim to approve your Personal Loan within 24 hours.

Can't quite find what you're after?

Got a question?

Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.

Frequently asked questions

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

13 13 86

Conditions, fees and charges apply.

*Subject to meeting Greater Bank’s lending criteria. Personal Loan repayment terms range from a minimum of 1 year to a maximum of 7 years. Comparison Rate Schedules are available at your local branch. A caravan, boat or motorbike offered as security must be brand new and purchased from an authorised dealer and a used car up to 7 years old can be offered as security.

^ Personal Loan comparison rates are based on $30,000.00 for a term of five (5) 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. Rates are subject to change without notice. Please read our Terms and Conditions for more information.