Secured Personal Loans
Secured Personal Loans
1. What is a Secured Personal Loan?
A secured personal loan is a type of loan that requires collateral, also known as security. This means that you’ll need an asset to attach to the loan, providing assurance to the lender. If you cannot repay the loan, the lender has the right to take possession of the asset and sell it to recover the loan amount.
By offering collateral, you demonstrate your commitment to the loan, making you a less risky borrower in the eyes of the lender. This can increase your chances of qualifying for larger loan amounts and more competitive loan terms.
About Our Secured Personal Loan
Our Secured Personal Wonder Loan offers swift financial assistance tailored for hardworking Australians facing substantial expenses. While obtaining your loan may entail providing a bit more information, we prioritise only the essential details. Featuring loan durations of up to 48 months and adaptable repayment plans, we streamline the process of managing significant life expenditures.
Why secure your loan with Wonder Loans?
By attaching a car or other vehicle to your loan as security, you can unlock the following benefits with a Secured Personal Loan:
- Borrow from a trusted lender
- Loans from $5,000 to $25,000
- Choose your loan terms: 24 – 48 months
- Fixed interest rates to help you budget
- Flexible repayments
- If approved, get your money within 60 seconds (NPP-enabled bank accounts only)
2. What can you use our Secured Loans for?
- Home Renovations: From cracked tiles to a leaky roof, we can help you sort out those much-needed repairs you’ve been putting off.
- Debt Consolidation: Consolidate multiple debts into one easier-to-manage repayment with a Wonder Loans debt consolidation loan.
- Holidays & Travel: Our holiday loans could provide the funds you need to head off on your next adventure.
- Medical Bills: You can turn to Wonder Loans for a personal loan to help pay for any large medical bills.
3. Secured Loan Rates & Fees
Our Secured Loans are affordable, and our rates and fees are transparent. Wonder Loans has no hidden charges:
Secured Personal Loan Details
- Loan Amount: $5,000 – $25,000
- Interest Rate: 14.95% to 27.95%
- Repayment Cycle: Weekly, fortnightly or monthly
- Security Required: Yes
Unsecured Personal Loan Details (for comparison)
- Loan Amount: $5,000 – $15,000
- Interest Rate: 17.95% to 24.95%
- Comparison Rate: 32.40% to 39.63%
- Repayment Cycle: Weekly, fortnightly or monthly
- Security Required: No
Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
Please note: This is not a credit offer. Borrowing amounts and offers may vary upon completing an application and verifying all relevant details. Fees, credit criteria, and terms and conditions apply. Tables and calculators provided are for illustrative purposes only and should not be relied upon as the sole source of information for financial decisions. It is advisable to seek advice from a licensed financial adviser.
4. Easy Application Process
We know how important it is to receive your funds in a timely manner, which is why our application process has been designed to be as quick and simple as possible.
How to Apply
- Apply Online In Minutes
Our loan application process is fast, efficient and clear. Use any connected device to apply online. - Quick Assessment
We’ll assess your application promptly and may request any additional information if needed. - Get Your Funds Fast
Once approved, we’ll transfer your funds quickly and securely to your nominated account.
Apply for a secured loan today and get the funds you need.
5. Frequently Asked Questions
Want to know more? Here are some of our most frequently asked questions about our Secured Loans. Contact our friendly team for more information about our personal loan options and how we can help you achieve your financial goals.
