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Secured Loans

If your purchasing a new or used asset such as a car, motorbike, boat, caravan or horse trailer and need to repay the loan back over a specified time, chances are your lender will most likely offer you a secured loan.

A secured loan provides you with the opportunity to gain finance for higher value items where the lender will take security or collateral of your purchase against the loan.

Think of it as similar to a home loan; if you borrow a large sum, for the lender to offer you the funds they want comfort in knowing should the loan dishonour, then they can sell the asset to recoup some on the loan balance. This is done by securing the purchase against the loan.

Although secured loans can provide you with quicker loan approvals and generally better interest rates, there are some factors which must be taken into consideration.

When applying for a secured loan, it is important to take into consideration the asset you are purchasing directly affects the interest rate and loan term.  This means for an older model car, motorbike, caravan or boat the interest rate offered will be different to that of a newer model.

SECURED LOANS AVAILABLE FOR

New & Used Cars

Caravans & Camper Trailers

Motorcycles

Tractors and Equipment

Boats & Marine

Trucks & Trailers

SECURED LOAN FEATURES

The asset is in your name 

Unlike a personal loan, you own the asset from the start of the loan, meaning you are not subject to any loan restrictions such as modifications or klm limits.

Borrow 100% 

You don’t need a deposit with a Secured Loan and can borrow 100% of the purchase price plus loan set up costs including insurance if required such as warranty or comprehensive insurance.

Loan Terms 

The loan term you choose is up to you. These can range from 1 through to 7 years and can be tailored to suit your budget

Optional Balloon / Residual Payment 

A secured loan is flexible. It allows you to choose whether to have a residual value or balloon payment on the loan or not.

Early Repayment

Our panel of lenders allow you to repay the loan early if choosing a secured loan.

No Financial Option

If the secured loan is being used predominately for business use, we offer lenders where you may not need to provide detailed financial information such as up to date tax returns.

COMMON QUESTIONS

ABOUT SECURED LOANS

A secured loan is essentially a personal loan that is secured by an asset.  This means that when you apply for a secured loan, your financier will hold your purchase as security or collateral for the loan. This is held until the loan is repaid in full.

Yes most definately! A secured loan can be used to purchase private sale assets and generally registration papers will be required to be provided secure the asset.

A secured loan is a loan product where generally your purchase is held as collateral against the loan. Typically the most common secured loan type is a car loan, both new and used. Other assets used can be caravans, motorbikes, boats, jetskis, trailers and more.

To apply for a secured loan, follow our easy online application.

The more information you can provide the better result and more options are available to you.

Your loan consultant will be able to assess and deliver a suitable answer for you.

Yes, we offer a wide range of lenders for you to choose from and work hard to find and present your application correctly to ensure we receive the right answer. Secured Loans are generally the preferred option for lenders when assisting second chance or bad credit loans.

Secured Loans are generally structured from 1 to 5 year loan terms, with an option for 6 – 7 years if required. Once you make the final loan repayment the security is released by the lender and the asset is yours.

You can choose from weekly, fortnightly or monthly repayments for secured loans. You also have the option to repay higher repayments or make lump sum payments if required.

Secured Loans are generally offered for higher loan amount purchases. As the lender uses your purchase as security for the loan if you default on your repayments the lender may reposses the asset to sell and recover their funds. With an unsecured personal loan, the lender does not take any security or collateral. The downside is you may have to pay a higher interest rate

CALCULATE YOUR SECURED LOAN REPAYMENTS

 

Calculate your monthly repayments, loan amount and interest rate

Loan Amount
$5000 $250000
Loan Term
12 months84 months
Interest
6.99%19.99%

Loan Principal Interest

Loan Amount: Loan Term: Per Month*: Int Rate: Total Interest:
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PROS & CONS OF SECURED LOANS

PRO'S

You own the asset, meaning you are not restricted to klms, modifications of the asset.

Secured Loans are generally easier to qualify and offer lower interest rates

You can borrow higher loan amounts using a secured loans

CON'S

Not designed if you want a short term loan (less than 12 months) as most secured lenders will charge an early repayment fee if paying out the loan early.

If you default on your loan and the lender needs to reposses the asset, you may lose your asset so they can recover their funds.

Why Choose Us?

We understand secured loans and our process streamlines your loan to deliver quick answers.

We’re backed by national buying power, meaning we’re in the best position possible to negotiate better, more affordable finance rates for you.

We compare lenders and banks from our panel to find the best available outcome.  Our system checks your loan throughout our panel of lenders without negatively affecting your credit rating to provide you transparent results helping you make a confident, informed decision.

At iCREDIT , we process thousands of loans each year, have in-depth knowledge of lender guidelines so we can present your loan correctly, giving you the best opportunity to get the right answer.

We’ve helped thousands of Australians find their loan.

Thank you very much. Scott is the best
Laura C.
Christine from icredit was the only person i had dealt with that listened to exactly what i wanted, if it wasnt for christine, i wouldnt be driving my car, or be im a better position to be able to buy my first home in the next 2 years. Cant thank her enough and i give her a million stars, only deal with christine
Ethan L.
I would like to thank Kim Shelverton for her assistance in getting my car loan.Kim is very friendly and professional it was a pleasure to deal with her.It was easy to get in contact with her no matter the time. I would recommend Icredit if you are looking for a a car loan.
EVA S.
I can’t recommend Christine at iCREDIT enough. She went above and beyond for us to make sure we got the product we were after. She made the process so easy and at rates better than our bank. Thanks Christine!
Kim D
Scott from iCredit was fantastic to deal with when we purchased our new horse float. He made everything so easy and nothing was too much trouble. Highly recommend dealing with this company.
Tina R.
I can highly recommend Scott, for his fast, friendly and professional service. Nothing was too much trouble. 100% Delivered. Happy Customer
Deidre C.
This is the 2nd time I've worked with Matt. He was recommended to me as he helped someone get a loan who might not have been able to.He's helped me get 2 cars so far and even my dealership was impressed at the speed at which he organised everything and settled the contract.I will continue to use Matt for all vehicle loans.
Ethan H.
very happy with the service Kim was very nice and very helpful thankyou
Jade R.
Absolutely awesome company. Scott was amazing, made the process so quick and easy as was always around to help when needed. Got the car I've wanted for ages and in the colour I wanted. 100% recommend when looking to buy a car like I was. Appreciate it Scott!
Molly M.
Christine at ICredit is Amazing she went above and beyond to help us. I can honestly say i don"t think i have had better service and care anywhere ever! All times of day of night Christine was offering to help. Thank you Christine you made ta stressful process very enjoyable. Thank you , you a are Legend.
Cindy H.
Many thanks to Kim for her prompt and professional service organising finance for a machinery purchase. Nothing was too much trouble for her ,she made the whole process smooth and hassle free. Great job Kim , I will certainly recommend your services to anyone looking to make finance an easy experience
Paul M.
Highly recommend the team at icredit very helpful with getting a loan.
Amanda B.
Kim was excellent to deal with working with me outside of business hours definitely helped to, will definitely be going back to Kim for any broker needs!
Maxwell B.
Kim in Hobart was amazing. Was a quick approval and she was easy to deal with knowledgable and very easy to deal with! If your in the market for a boat or bike she is your gal! Thanks Kim and i-credit
willliam C.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Kim was great to deal with, very fluent and clear with communication and able to get the money I needed . Very impressed wit the service that was provided
Adrian S.
Doing business with Kim was a breeze. Kept me informed throughout the process. Highly recommended 👌
andrea M.
Scott at Icredit!!! What a legend!!! At July 2022, interest rate rises and changes to rules for lending (now includes Afterpay and zip pay statements to be included) got given the run around!! Saved me a lot of stress and heartache!!! Got there in the end!! Kept me updated answered any questions I had!! Highly recommended
Bron W.
Christine From iCREDIT helped me get the car I wanted, she was so helpful and nice And it was quick, easy and low rate. She is absolutely fabulous at what she does, I highly recommend this lovely lady.
Alirra B.
Shout out and a HUGE thank you to Christine at ICredit. Christine managed to obtain my funding at an incredible rate when I wasn't even sure that I could get approval!!! First loans are difficult when you are young. She process my loan with amazing speed, walked me through the process with ultimate professionalism and dealt with the car dealer, lenders and insurer for me. Christine took away all the stress associated with borrowing money to finance a car and completely took care of everything for me. I cannot recommend her highly enough! If you are looking for finance, contact Christine. You will not be disappointed. Thanks Christine!
Brock L.
Christine from iCredit is amazing! She goes above and beyond to help with getting the best interest rates and helps every step of process. Thanks to Christine I have an amazing new horse float and I can’t thank her enough! I wouldn’t hesitate to recommend her to anyone!
Jasmin P.
We got referred to Christine by a friend and it was the best decision we made! She was amazing to deal with always ready to answer any questions we had. She made it a simple and easy process, she saved us a lot of money, we can’t thank her enough for all her help, she went above and beyond to get us our car. We will definitely use her again if we ever need! Thankyou Thankyou Thankyou!
Holly M.
The lease on our work vehicle was up and we needed to pay out the difference. We tried to refinance through our current supplier but they made it extremely difficult even though we had been their client for 5 years. Glen from iCREDIT then stepped in and not only sorted it quicker than expected but got us the best deal we could have imagined. Great communication and service. I couldn't be happier with the outcome and highly recommend Glen and the team at iCREDIT.
Simon C.
Just like to thank Kim shelverton for her excellent customer service. Was a pleasure doing business with Kim a very big thank you once again cheers Scott and Sharon.
Scott G.
My husband and I would just like to thank Scott so much for his professionalism in handling our loan process,he was constantly in contact with us and updating us along the way.thanks so much Scott for the amazing personal assistance you gave us we will most definitely be calling you in the future for any other loan enquiries. Cheers dan and rachel
Rachel C.
I would highly recommend iCREDIT and definitely recommend Scott. Not only was he extremely efficient and professional. He went above and beyond to help me out. I will definitely use Scott and iCREDIT again.
Sally P.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
We had a fantastic lady deal with our matter a she was great, she had all the answers we needed and nothing was to much.I cannot speak highly enough of she .great job.
Kevin H.
Jay T.
derek S.
Great service, very prompt from Kim in what was a slightly difficult situation, would highly recommend!!
Jason W.
I cannot recommend Christine from iCredit highly enough. I had been dealing with another broker who had done nothing but talk for 2 weeks before I called her. It was a complicated loan because of self-employment and the fact I had borrowed nothing from anyone in 12 years. Christine was onto it asap and got it all done within a week. Everyone happy; No tears.
Rondell J.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Friendly, knowledgeable and easy to deal with. Everything advised, you know what you need to provide and updates are provided throughout the process. They will even deal with the dealer direct to save you being the middle man. Approval and documents ready to sign within hours.
Meagan A.
Michelle from iCredit was amazing. Our finance request was not straight forward and she worked tirelessly to get a result for us. Couldn't be happier and would recommend Michelle and iCredit to anyone looking for finance.
Simon C.
We have dealt with Christine Pyle multiple times for our finance needs, and everytime she has gone above and beyond to assist us. Christine is professional, knowledgeable and caring. We highly recommend her for any of your finance needs, and will be definitely calling Christine for any of our future finance needs!!
Anita W.
I got my car loan processed and approved super quick, without any issues.AMAZING AND PROFESSIONAL
Eliza C.
bash G.
Kim is a great help, friendly and helpful, makes it a lot easier than doing it alone.I will be using her when ever I need something
adam B.
I would highly recommend Christine from iCredit. She is extremely professional in her work and always succeeds to beat any other competitors rate. She will go out of her way to listen and care for your needs in a loan. We have used Christine for various loans over the past few years and will continue to do so for years to come. Thanks Christine, you are a true gem!
Nathan
Kim and Scott were so accommodating and helpful and kept things smooth sailing the way through! They were patient and friendly 🙂
Teresa W.
Christine has been amazing. This time with our car purchase she got approved for us in just 2 days. Always positive and ready to help. Will definitely be going back for a 3rd time when we need help with our next finance request. Thank you so much Christine.
Heather B.
Kim was very friendly, helpful and nothing was a bother she went out of her way to help fantastic. Would use Icredit againFelicity23/9/22
Felicity K.
Matt at iCredit has been awesome. The application and approval process was easy and very quick and the communication from Matt great.I would highly recommend this Company for their pain free and fast service.
Kerry S.
Emily fromICREDIT was most helpful very easy to contact at all times for any help at any time couldn’t recommend her enough
casey H.
Very satisfied with the service - the speed of settlement was incredible and puts my bank to shame.Kim is friendly, knowledgeable and determined to make sure that everyone walks away happy from the experience.I'd give 6 stars if I could.
Steve H.
Christine was absolutely amazing with helping an making sure everything worked out ! Cannot thank her enough ! ?
sam F.
I’ve used icredit for multiple loans and Scott has been nothing but professional, fast and amazing to work with. Can’t recommend them enough.
Fraser G.
Can’t thank Emily enough, gorgeous person to deal with!! Patient and understanding Thankyou for the lovely service
Kiara T.
Lachlan S.
I cannot recommend Scott from credit enough! This is the second loan in a year Scott has helped me with and I couldn’t be happier with the service he provides.Nothing is too much trouble and my experience both times has been hassle free! Thanks Scott and Team!!
Racquel L.
Lyn W.
Kim was happy to help at any time, great work
Victor S.
Good afternoon please I don't understand this app again you use auto debt to debt from account the sum of 36920 and you still asking me to pay please Check ur record well
Adekunle A.
Christine helped us with our finance & we could not recommend her highly enough she answered every question we had went above & beyond to help us,Will be recommending her to everybody ! Thank you so much christene for the best customer service !
Hayley R.
Kim Shelverton made the entire process so effortless and less stressful, nothing was an issue for her, she is very friendly and helpful. Thank you Kim for all your help.
Paul M.
Kim is absolutely fantastic!She always had good communication during the process.Everything was quickNo words for her efficiencies and dedication .Well done Icredit to have such a valued team 😊
Yazmina L.
Kim is extremely helpful and very good at what she does. Quite happily recommend her.
kellithorpe115
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
Julie was professional and easy to talk to from the outset of our enquiry. She understood our needs and did a fabulous job finding the right loan for us. We had approval within hours and settlement within 3 business days. It was an easy and wonderful experience and we would recommend her services to anyone looking for a professional, experienced and skilled broker.
Anieve J
Fantastic service and Communication
Ashley P.
I dealt with Wayne during my loan application! I did not expect the service I received! I’m talking after hours I’m talking any time of day or night this man was the most amazing person I’ve ever dealt with we clicked not just on a professional level but person as well! I was really taken aback by the service this man provided me I’m not too computer smart and done the whole thing on the phone! Thanks to this man my special needs child has one thing in his life now that makes him smile more than I’ve seen this child smile in my life! It was a quad bike I applied for and Wayne was absolutely amazing throughout the whole process would ask if I wanted help with the forms during his OWN TIME AFTER HOURS I can not thank this man enough! He’s given my child a smile I’ve not seen before and if anybody out there is looking to finance anything! I strongly recommend you call icredit and ask for Wayne! I can’t thank this man enough for his efforts and commitment! Forever grateful to this man I wish I could buy him a beer or ten as a thank you! Remember the name Wayne!!! He’s your man people! 100% thank you so very much
Damon A.
Dealing with icredit has been great! Scott has done all the behind the scenes difficult things, making this process simple on my end (every busy persons dream)! Thanks for all the help, finding us the best option and answering every query with a prompt answer.
Jessica B.
Awesome customer service and managed to get me a great rate on my personal loan. Highly recommend contacting the team at iCredit for your lending needs.
Steve W.
Easy to deal with and very friendly staff. Fast turnaround time getting loans sorted
Daniel J
Ryan M.
Sam
Anthony James A.
Easy to deal with, friendly staff
Brad H.
Great people to deal with, Scott helped us out so much for a fast result couldn’t be happier
Wayne W.
Great service & made so easy. Fast
Rebekah C.
Todd B.
The best finance customer experience ever, Kim was absolutely outstanding in the most fluid financial transaction I have ever experienced .Once again thank you Kim for your hard work , and processing my application in such a timely fashion. 😁😁
Jason B.
Excellent customer service and extremely quick with the whole process.
Daniel P.
We dealt with Kim and she was very fast and clear with requests and over all pleasant to deal with compared to others. We had our loan approved within days and we are over the moon with how easy it all was considering our work hrs and location. Highly recommend Kim!
Teagan K.
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
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iCREDIT secured loans are available throughout Australia, Melbourne, Sydney,  Adelaide, Hobart, Darwin and Perth, Gold Coast, Palm Beach, Burleigh Heads, Tweed Heads, Brisbane, Ipswich, Sunshine Coast, and Queensland Today!