Secured personal loan
Variable rate
Comparison rate*
Why choose a secured personal loan?
Lower variable rate
Secure your loan against an eligible vehicle for a competitive interest rate.
Free redraw
So you can access your funds if you’re ahead on your repayments.
Pay it off sooner
Make extra repayments and pay off your loan early without being charged a fee.
No monthly fees
So you can keep a little extra money in your pocket.
The personal loan features don't stop there
- Secure your loan with a car up to seven years old, or a new motorbike.
- A loan for almost anything – use it for your dream holiday, some renovations around the house, you could even buy a jetski.
- Flexible loan terms with repayment periods between one and five years.
- Minimum loan amount of $4,000.
- Make extra payments to your personal loan so you can pay it off sooner without any fees or penalties.
- Access your additional repayments and redraw online if you’re ahead.
Rates and fees
Interest rates
| Loan amount | Variable rate |
Comparison rate*
|
|---|---|---|
| $4,000 plus | 6.49% p.a. | 6.80% p.a. |
| Fee type | |
|---|---|
| Monthly fee | $0.00 |
| One-off establishment fee | $200.00 |
| Goods security administration fee | $20.00 |
Other fees and charges may apply. See all fees and charges for personal loans.
How much could your repayments be?
Crunch the numbers, plan ahead, and even find out how much you could you save if you pay extra on your loan.
Personal loan repayment calculator
More calculators
How to apply for a secured personal loan
Apply in person or over the phone
Talk to one of our lending specialists and apply over the phone by calling our contact centre on 1300 228 228, or pop into your local branch.
Alternatively, you can enquire online and one of the team will be in touch soon!
Make an enquiryA little preparation can make your personal loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Apply in person or over the phone
Talk to one of our lending specialists and apply over the phone by calling our contact centre on 1300 228 228, or pop into your local branch.
Alternatively, you can enquire online and one of the team will be in touch soon!
Make an enquiryA little preparation can make your personal loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Because we're here to help
Apply over the phone or in person
Call us on 1300 228 228 or chat to the team at your local branch.
Find your local branch
You’ll find us from Maroochydore to Port Macquarie – drop in and say hi!
Got a question about personal loans?
A secured personal loan means that your loan is guaranteed by an asset, in our case a motor vehicle that is less than seven years old. The loan can be for any purpose.
Securing the loan means that we’ll register an interest on the car at the Personal Property Securities Register (PPSR).
You can read more about this in our Personal Loan Terms and Conditions.
If the car you’re buying or refinancing is less than seven years old, you can apply for a car loan - which is a basically a secured loan for the purpose of buying a car.
If the vehicle is older than seven years old, you may be able to get an unsecured loan instead.
Securing the loan simply means that we’ll register an interest on the car at the Personal Property Securities Register (PPSR).
You can read more about this in our Personal Loan Terms and Conditions.
Yes, we can assess your personal loan application and provide you with a loan pre-approval so you can shop for a car with confidence.
Thinking about refinancing? Whether you already have a personal loan with BCU Bank or you're looking to switch from another lender, we're here to make the process as straightforward as possible.
Why refinance?
There are a few common reasons people choose to refinance a personal loan:
- Lock in a lower interest rate – reduce your repayments and save money over the life of your loan.
- Access extra funds – top up your loan to help pay for something new.
- Consolidate your debt – combine multiple debts into one easy-to-manage repayment.
Whatever your reason, we’ll help you find a personal loan that fits your goals and makes sense for you.
Ready to refinance?
Already with BCU?
You might be able to top up your existing loan or switch to a more suitable option with a lower fixed rate or better features.
Switching from another bank?
We’ll support you every step of the way. You’ll stay in control and decide when and how your old loan is paid out.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms and conditions
- View fees and charges
- View Credit Guide
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. Rates quoted may vary depending on loan purpose and security offered.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.