Whether you’re planning a home renovation, purchasing a new vehicle, or consolidating debt, our Secured Personal Loan offers a flexible and affordable solution. By leveraging an existing asset as security, you can access competitive rates and higher borrowing limits, empowering you to achieve your objectives faster.
Take control of your life with our Secured Personal Loan.
Apply online in minutes from the comfort of your home, on a quick lunch break on in-between tasks. The process is fast, secure and simple to follow. All at your fingertips.
Explore our best personal loan rate to help you kick your goals.
*The comparison rate for Personal Loans is based on a loan amount of $30,000 repayable over 5 years. WARNING: This comparison rate is true 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. All rates available for new business and are subject to change without notice. Credit eligibility criteria, terms and conditions, fees and charges apply and may change without notice. Products issued by Southern Cross Credit Union Ltd ABN 82 087 650 682. AFSL and Australian Credit Licence 241 000.
With our Secured Personal Loan, you can buy a used car up to 5 years old.
Plan your perfect wedding with a boost from our Secured Personal Loan.
Start planning your next home remodelling, including appliances.
Use our Secured Personal Loan as a helping hand for the hard times.
Overdue for holidays? Use our Secured Personal Loan to make lasting memories.
Our Secured Personal Loan helps you cover emergency costs and more.
Easy, simplified and completely online. Ready to go?
Complete your personal loan application in under 20 minutes. Or do it at your own pace, pause and restart from where you’ve stopped. Tell us about yourself and see how much you can borrow.
If you need help, call us on 1300 360 744 and our team will walk you through it.
You can apply for your personal loan completely online including real-time ID verification, over the phone or in-person by visiting one of our Financial Service Centres.
Make sure you check the eligibility criteria and gather all document requirements. All our personal loans require a 100-point identity check, so make sure you have everything ready to go. If you have any questions, call us at 1300 366 744.
To apply for a Secured Personal Loan you must:
Once your application is submitted, our Lending Specialists will undertake an assessment of your personal loan application. Once assessed, your application will be deemed approved or not approved. Our team will keep you informed throughout this process, and additional information may be required at any stage.
Products issued by Southern Cross Credit Union Ltd ABN 82 087 650 682. AFSL and Australian Credit Licence 241 000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs.
Important: Available for new business only. Offers not available for switching of existing SCCU home loans. Not available through Broker introduced business.
Advertised Interest rates subject to change without notice.
All Personal Loans
*The comparison rate is based on a loan amount of $30,000 repayable over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
A secured personal loan lets you borrow money using an asset like your car, property, or savings as collateral. Because the loan is “secured,” lenders take on less risk, which means lower interest rates, higher borrowing limits, and better terms for you.
It’s ideal if you want to finance a big purchase, consolidate debt, or fund a life milestone, all while keeping your repayments fixed and predictable.
This type of loan works best for borrowers who:
By securing your loan, you not only get more borrowing power you also show lenders you’re financially confident and in control.
When it comes to borrowing, choosing the right option depends on your unique financial goals – and that’s a good thing! Both secured and unsecured personal loans offer valuable benefits, depending on your needs.
Secured loans are typically for when you’re looking for larger loan amounts and lower interest rates. By offering an asset like a car or property as collateral, you unlock more favourable terms, which is perfect for big investments or long-term projects. This makes them an ideal choice for things like home renovations, vehicle purchases, or consolidating debt – without breaking the bank.
On the other hand, unsecured loans provide flexibility, letting you access funds without needing collateral. This is great if you need a quick financial solution for smaller needs, like paying off credit card debt or covering unexpected expenses.
But when you’re after value, stability, and larger borrowing power, a secured personal loan is the smart, reliable choice – helping you achieve your financial goals with confidence.
A secured personal loan is your path to more borrowing power, better rates, and a clearer financial future without sacrificing flexibility.
At SCCU, it’s more than a personal loan – it’s a step forward, powered by purpose, to help you move ahead and enjoy what matter most.
For a Secured Personal Loan, common assets used for security include vehicles, real estate, or term deposits. The asset must be of sufficient value and acceptable to SCCU. To learn more about this loan type and see which is right for you read our Target Market Determinations.
You can use a Secured Personal Loan to buy a used car up to 5 years old, or other accepted personal purpose such as home renovations, debt consolidation and even booking that dream holiday.
On a Secured Personal Loan, you can borrow anywhere from $5,000 up to $150,000 depending on your circumstances and ability to repay.
Having clarity on your goals and well as in your current budget is important to make sure you borrow what you need and can meet your personal loan repayments. During the application process, this information will be used to assess your borrowing capacity.
Additional repayments can be made without additional charges.
Paying extra can reduce your interest payable and help you pay off your loan sooner. Use our handy calculators above on this page to assess your repayments.
Absolutely. If you have a high-interest loan elsewhere, we can help you bring it over and potentially help you save money.
The eligibility and application documents may vary considering the type of personal loan you are applying for – whether unsecured, secured or new vehicle personal loan. We recommend you review the eligibility criteria and application process on each product page for accurate information.
In general, we will request ID verification documents such as driver’s licence and passport, along with supporting documents such as pay slips and bank statements. In some cases, additional information on existing cards, other loans and other information related to credit might be required.
Knowing how to produce statements from your current bank and what the credit limit and balance of any credit facilities are, will be valuable.
A Secured Personal Loan is secured by an asset. The most common would be your property or existing car.
As with any financial products, it’s important you make an informed decision. Take your time to review all the product features, relevant disclaimers, fees & charges, Target Market Determination (TMD) documents, and other relevant product document. If you have questions, please contact us at 1300 360 744.
Applying for a personal loan could affect your credit score both positively and negatively. To learn more about credit inquiries and how these can affect your credit score, contact a Credit Reporting Body. See more information at Moneysmart:
https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports
Yes. The Redraw facility is available for eligible personal loan types and depending on how your loan is structured. Contact us to see if this feature is available with your loan.
From your first transaction to lifelong investments, with you across all financial life stages.
Years of age
Australian our NZ resident
Confirmed employment
If you'd like a little extra help, call our team on 1300 360 744.
