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Fast Approval Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate
  • Instant approval

Interest rate p.a.

10.69%

Comparison rate* p.a.

11.42%

Fast Approval Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate
  • Instant approval

Interest rate p.a.

10.69%

Comparison rate* p.a.

11.42%

Calculate your repayments for this loan

$

Your estimated repayment

$540

based on 25000 loan amount for 5 years at 10.69%

Pros and Cons

For Fast Approval Secured Personal Loan

Benefits

  • No ongoing fees
  • Flexible repayment options
  • Can apply online
  • Use the loan for any worthwhile purpose
  • Fast time to funding
  • Approval is instant

Drawbacks

  • Higher than average application fee
  • Cannot apply in branch

RACV Rate Personal Loan overview

For Fast Approval Secured Personal Loan

Details

Total repayments
Interest rate type

Fixed

Borrowing range

$5k - $35k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle/Property

Loan type

Is Fully Drawn Advance

Repayment frequency

Fortnightly, Monthly, Weekly

Target Market Determination

Visit RACV to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

24 hours

Fees

Upfront fee

$499

Ongoing fee

$0

Missed payment penalty

$0

Early exit penalty fee

$325

Permitted Loan Purposes

New car

Used car

Motorcycle

Boat

Debt consolidation

Renovation

Holidays

Medical bill

Shares

Student loan

Wedding

Other Restrictions

Only available for VIC residents

FAQs