Securing the loan against an asset like a car usually unlocks a lower rate than an unsecured loan. Compare secured personal loans from 5.67%This is our lowest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. (6.10% comparison rate*) p.a. with Liberty Financial's Secured personal loan, and weigh that saving against the risk of losing the asset if you default.
Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Borrowing $20,000 over 5 years at the lowest advertised shown:
Monthly repayment from
$384/mo
Total repaid
$23,016
Total interest
$3,016
Estimate only, based on the lowest advertised interest rate shown and assuming equal monthly repayments. Actual repayments depend on your rate, fees and loan terms.
A secured personal loan offering the most competitive rates with loan amounts from $15,000 to… $100,000 over terms of 18 months to 7 years. Secured by bill of sale on eligible assets including…
Credit Union SA
Advertised rate6.14% to 7.49%
Comparison rate6.14% to 7.84%
Monthly repayment$388/moAt the lowest rate in the range
SecuredFixedPrincipal & interestFeatures: ✓
Our Green Loan is available for non-members and members seeking to purchase any eligible green… product that provides a benefit to the environment. The minimum loan amount is $5,000. The interest rate…
Bendigo Bank
Advertised rate6.24%
Comparison rate6.61%
Monthly repayment$389/mo
SecuredFixedPrincipal & interestFeatures: ✓
This loan rewards you for your environmentally friendly purchases.
This personal loan is designed for current Bank of us home loan customers needing extra funds for… any worthwhile purpose - and all at a discounted rate.
Bank of Melbourne
Advertised rate6.49% to 12.99%
Comparison rate7.90% to 14.34%
Monthly repayment$391/moAt the lowest rate in the range
New Car? Dream holiday? Getting married? Take your dreams off hold with an IMB Secured Personal… Loan. No monthly fees, flexible terms of 1 - 7 years and borrow up to $75,000.
SocietyOne
Advertised rate6.99% to 23.89%
Comparison rate7.06%
Monthly repayment$396/moAt the lowest rate in the range
Secured fixed-rate personal loan from $5,000 to $70,000 over terms of 2, 3, 5 or 7 years, applied… for directly with SocietyOne. Asset collateral is required. Rates are personalised to your Equifax…
Cairns Bank
Advertised rate7.34%
Comparison rate8.21%
Monthly repayment$399/mo
SecuredVariablePrincipal & interest
You can use a Cairns Bank secured personal loan for almost anything, including home improvements…, the holiday of a lifetime or a car for your children!
bankWAW
Advertised rate7.59%
Comparison rate7.62%
Monthly repayment$402/mo
SecuredVariablePrincipal & interest
Broken Hill Bank
Advertised rate7.69% to 10.75%
Comparison rate8.63% to 11.18%
Monthly repayment$403/moAt the lowest rate in the range
If you are after a fixed rate personal loan with a choice of loan term that is secured by a motor… vehicle, P&N have you covered.
Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.
Comparison rate warning and base criteria
Base criteria: repayment figures shown in this table are calculated on a loan of $20,000 over 5 years. Repayment estimates use each loan’s advertised interest rate, with the comparison rate shown beside it as a guide to total cost. Where a lender publishes a range of rates, the estimate uses the lowest rate in the range, and the rate you are offered depends on your circumstances. These figures are examples only. They are not a quote, and they may not include all fees and charges.
*Warning: the comparison rate shown is calculated by the lender on its own standard example, usually a $30,000 loan over 5 years. 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.
About this table: we publish this table so you can research credit products, by bringing together in one place the banking data lenders publish under the Consumer Data Right. Using that data, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a lower rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.
Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.
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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.
This table does not compare every feature that may be relevant to you. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.
What is a secured personal loan?
A secured personal loan is backed by an asset, most often the car you're buying, though sometimes a term deposit or other property. Because the lender has that security to fall back on, secured loans typically come with lower rates than unsecured borrowing. The trade-off is real: miss enough repayments and the lender can take the asset.
Where they are used
Secured loans are common when the purchase can serve as security, when the lower rate matters, or when a larger amount is borrowed over a longer term. Whether the lower rate is worth putting an asset at risk depends on your circumstances, not on the number alone.
How they compare
The comparison rate comes first, then the establishment and ongoing fees, the term, and any early repayment fee. Each lender sets what it accepts as security and how it is valued. A newer car or a term deposit as security often comes with a lower rate. Loans can be compared side by side to show how rate and fees change the total cost.
CompareThat is a comparison service, not a lender or broker. We show the products and let you decide. We don't include every provider in the market, and each lender's own terms are the final word. Browse the full personal loans range or compare loans side by side.
Expert view
“Security buys you a lower rate, but it's a genuine trade. The asset is on the line if life goes sideways. What the lower rate actually saves over the term is the figure set against that risk.”
JP
Jordan Pearce
Senior finance writer, CompareThat
Glossary
The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.
Term
What it means
Comparison rate
A single rate that folds the advertised interest rate together with most standard fees, so loans can be weighed on a like-for-like basis rather than headline rate alone.
Secured loan
A loan backed by an asset (often the car or item you are buying). The security usually means a lower rate, but the lender can repossess the asset if you fall behind.
Unsecured loan
A loan with no asset pledged as security. No specific asset can be repossessed, though the lender can still pursue you for the debt, and rates are generally higher because the lender carries more risk.
Loan-to-value ratio (LVR)
The size of the loan compared with the value of the asset securing it, expressed as a percentage.
Establishment fee
A one-off fee charged to set up the loan, sometimes called an application or upfront fee.
Early repayment / exit fee
A charge some lenders apply for paying a loan out ahead of schedule, more common on fixed-rate loans.
Loan term
The length of time you have to repay the loan. A longer term lowers repayments but usually increases total interest paid.
Default
A missed or overdue payment recorded on your credit file, which can affect your ability to borrow and the rate you are offered.
Common questions
What can I use as security?+
Commonly the asset you’re buying (such as a car), or sometimes a term deposit or other property. Each lender sets its own rules on what it accepts and how it’s valued.
Why are secured loans cheaper?+
The asset gives the lender something to recover if you default, lowering their risk, which is usually passed on as a lower interest rate.
What happens if I can’t repay?+
The lender can repossess and sell the secured asset to recover what’s owed. That’s the key risk of securing a loan.
Is a secured personal loan the same as a car loan?+
A secured car loan is a type of secured loan where the car is the security. A secured personal loan can use other assets too. Our car loan tables cover vehicle purchases.
Can I get a secured loan with bad credit?+
Offering security can help, but lenders still assess your credit history. Our bad credit personal loans table lists options aimed at impaired histories.
The Numbers Behind This Market
What this market is paying or charging on average right now, and the official figures behind it.
We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.
✓Not a credit provider: we do not lend, arrange loans or take applications.
✓Sourced from each provider’s CDR Product Reference Data, refreshed daily.
✓Payment can change where a product appears, never which products we show.
✓General information, not credit advice. CompareThat compares; it does not recommend.
Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.
