What is a secured loan?

A secured loan is the most common form of personal vehicle finance.

The lender gives you the funds to buy a vehicle and holds a mortgage over it as security for the loan. As long as you make regular repayments, you’ll own the vehicle outright at the end of the loan term.

You can use a secured loan to finance a car, caravan, boat, or motorcycle.

What are the benefits?

With a secured loan, you’ll enjoy lower interest rates and fixed repayments for the life of the loan. Even if you’ve got a bad credit record, we can usually find a loan that’s right for you.

Features of a secured loan

  • New or used vehicles
  • Flexible loan terms, from 1-7 years
  • Fixed interest rate
  • Weekly, fortnightly, or monthly repayments
  • Residual value or “balloon” payment options
  • Cash deposit/trade-in or 100% finance.