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Secured Car Loan

A fixed rate personal loan that uses your car as ‘security’ over the loan, giving you access to a lower interest rate.

Why choose our Secured Car Loan?

Choosing a secured car loan helps you get on the road for less. How? We offer you a low interest rate in return for using your car as security for the loan.  Plus, plan your budget with fixed repayment amounts and enjoy the flexibility to make extra payments when you choose. 

Key features

With so much flexibility

  • Choose weekly, fortnightly, or monthly repayments
  • Repay your loan over 1 – 7 years
  • Make extra repayments at no extra charge
  • Option to set up automatic or direct salary transfers for simple, convenient repayments

Considering refinancing an existing secured car loan from another institution?

As long as your car is less than 7 years old, we can help you do this too. Simply apply online or contact us on 13 11 55.

Personal & car loan calculator

How much will my repayments be?

Looking for more options?

If you don’t think a Secured Car Loan is right for you, or your vehicle doesn’t meet the eligibility criteria, take a look at our Personal Loans.

Ready to apply?

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Mon - Fri 8am - 10pm

Sat – Sun 8am – 6pm


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Complete an
application online

Get help with finding and buying a new car

  • Discover the right car for you
  • Price your next car
  • Request a test drive
  • Get trade-in valuation
Find out more

1. An early payout fee applies if you repay your loan within 12 months of settlement and the term of the loan exceeds 12 months.

* The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Comparison rate is based on a $30,000 loan over 5 years.

^ Rates effective 26 July 2018.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document and Terms and Conditions before making a decision regarding a Suncorp Banking product. Fees, charges, terms and conditions apply and are available on request or at Product Information Documents and Forms page.

In order to take out a loan with us you are not required to take out this insurance, however, for your convenience, we will provide further information on this insurance during your personal loan application process.

The Personal Property Securities Register

The Personal Property Securities Register (PPSR) is a national online register that can provide information to help protect consumers when they are buying personal property such as cars, boats or artworks (not including land or buildings). If you are buying a car privately you should conduct a search and check that there is no money owing on the car.

Next Day Working Conditional Approval

Provided the information you supplied in your application is correct and you can prove that to us.

Fixed Rate

Lock in your interest rate and repayment amount

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product.