Our secured loans are loans where you offer a registered asset – usually the asset you’re buying – as security or collateral for your loan. For instance, you might take out a secured loan against a car, using the car you’re purchasing as security.

Secured loans aren’t limited to car purchases though. With a secured loan, you can borrow up to 100% of the purchase price of almost any asset, whether you’re buying through a dealer or privately. Our customers take out secured loans for cars, caravans, motorbikes, boats and more.

The important thing to remember with secured loans is that if you default (fail to make your repayments), you will lose the asset you used as security or collateral.

Secured loans generally enable you to secure better interest rates or repayment terms because the asset you’re using as collateral (say, the car you’re buying and using as security) can be used to pay off your loan if you default (fail to make your repayments).

If you’re unsure whether a secured loan or an unsecured loan is right for you, contact our team on 1300 FAIR GO or via live chat. We’re here to help you get the cash you need and minimise your borrowing costs. That’s what it’s all about for us – helping you get a fair deal and get ahead.

Not necessarily. Secured loans can be useful for people with bad credit scores and help you get a loan – or better loan rates or terms – if you have a bad credit history. But often, the choice of taking out a secured loan rather than an unsecured loan is a personal one.

If you have a bad credit score or are concerned your credit history will prevent you from taking out a loan, find out more about our bad credit loans or talk to our team on 1300 FAIR GO or via live chat. It may be that a secured loan is your best option, but we’ll be able to advise you on the best way to get the cash you need to get on with life and get your credit history back on track.

Our customers across Australia take out secured loans to buy cars, motorbikes, boats, caravans and much more.

With a secured loan, you can borrow $2,250 to $10,000, using a registered asset – usually the asset you’re buying – as security or collateral for your loan. For example, if you’re taking out a loan against a car, you could use the car as security or collateral for the loan.

All of our secured loans have fixed interest rates, so you know in advance what your repayments will be. No nasty surprises. No hidden charges.

Repayment terms on our secured loans vary from six months to 36 months. We personalise our rates and terms to maximise your borrowing power and minimise your borrowing costs.

This clarity and flexibility is all part of our commitment as a responsible lender. We’ll never lend you more than you can afford. We’ll always be open and transparent about our rates and fees. And we’ll go the extra mile to ensure you get a fair go. We’re here to help you get ahead.

No, you can pay off your secured loan at any time without being penalised.

At Fair Go, you only pay interest until the day you fully repay the loan, so if you pay your secured loan off early, you save money.

Whether you want to take out a secured car loan (using the car as security or collateral for the loan) or a motorbike, boat, caravan or another asset, you’ll need to be at least 18 years of age and a permanent Australian resident, with regular paid employment.

If you’re worried that your bad credit rating will prevent you from taking out a loan, we provide secured loans for customers with bad credit scores all the time. In fact, secured loans are often a great way to repair a bad credit history. Read more about our bad credit loans.

Applying for a secured loan is quick, easy and 100% online. Whether you want to take out a secured loan against a car, motorbike, boat, caravan or another asset that you’d like to buy and use as security or collateral, you can apply in minutes and get a conditional decision in minutes.

1. Apply online in minutes. Complete the application for your secured loan using our secure application. You can also track the progress of your application using our customer portal.
2. Get a conditional decision. Use our free and secure bank statement service to fast-track the next stage of your application. If your application receives conditional approval, you can accept our preliminary offer via SMS.
3. Receive your funds. If your secured loan receives formal approval, we’ll transfer the cash into your account fast, usually overnight. It’s as quick and easy as that.

Apply for your secured personal loan today or call our team on 1300 FAIR GO or contact us online via live chat if you have any questions.