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- Secured Personal Loan
Secured Personal Loan
- 1 to 5 years
- Secured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
8.49%
Comparison rate* p.a.
8.70%
Secured Personal Loan
- 1 to 5 years
- Secured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
8.49%
Comparison rate* p.a.
8.70%
Calculate your repayments for this loan
Your estimated repayment
$631
based on 20000 loan amount for 3 years at 8.49%
Pros and Cons
For Secured Personal Loan
Benefits
- Lower than average rate
- No ongoing fees
- Lower than average application fees
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
Drawbacks
Hume Bank Rate Personal Loan overview
For Secured Personal Loan
Details
Total repayments
$22,725
Interest rate type
Fixed
Borrowing range
$2k - $100m
Security type
Secured
Loan term
1 to 5 years
Secured by
Vehicle/Deposit
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Target Market Determination
Visit Hume Bank Limited to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
N/A
Fees
Upfront fee
$150
Ongoing fee
$0
Missed payment penalty
$20
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Debt consolidation
Renovation
Holidays
Medical bill
Shares
Student loan
Wedding
Other Restrictions
Customers can still apply for a personal loan with a 5-7 year term. Personal loans with a 5-7 year term will incur a 2% margin.