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Secured Personal Loan (Car < 2 Years)

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Loan Term

years

Repayment Frequency

Secured Personal Loan (Car < 2 Years) Pros and Cons

Pros:
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Has ongoing fees

MyState Bank Secured Personal Loan (Car < 2 Years) Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$200
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$30
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$200
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$30
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Restrictions
Car age up to 2 years old

Compare and review personal loans with similar features

Interest Rates
Advertised Rate
Advertised Rate
9.49%
variable
Advertised Rate
7.99%
variable
Advertised Rate
11.89%
variable
Advertised Rate
Headline rate
12.69%
variable
Comparison Rate
Comparison Rate
10.46%
Comparison Rate
8.13%
Comparison Rate
11.89%
Comparison Rate
13.56%
Monthly Repayment
Monthly Repayment
$630
Monthly Repayment
$608
Monthly Repayment
$666
Monthly Repayment
$678
Total Repayments
Total Repayments
$37,800
Total Repayments
$36,480
Total Repayments
$39,960
Total Repayments
$40,680
Loan amount
Loan amount
$10k to $75k
Loan amount
$2k to $30k
Loan amount
$5k to $60k
Loan amount
$5k to $55k
Suitable For
Debt Consolidation
Debt Consolidation
Debt Consolidation
Debt Consolidation
Debt Consolidation
Loan Fees
Upfront Fee
Upfront Fee
$200
Upfront Fee
$100
Upfront Fee
$0
Upfront Fee
$150
Ongoing Fee
Ongoing Fee
$10 monthly
Ongoing Fee
$0
Ongoing Fee
$0
Ongoing Fee
$10 monthly
Missed Payment Penalty
Missed Payment Penalty
$30
Missed Payment Penalty
$25
Missed Payment Penalty
$0
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
$0
Redraw Activation Fee
$20
Redraw Activation Fee
$0
Redraw Activation Fee
$0
Loan Profile
Loan Type
Loan Type
Secured
Loan Type
Unsecured
Loan Type
Unsecured
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by vehicle
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
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MyState is a personal loan lender based in Tasmania. MyState is the largest Tasmanian-owned financial institution and has been in business for over 50 years. MyState is a wholly-owned subsidiary of MyState Limited, which was formed in 2009 after the merger between MyState and Tasmanian Perpetual Trustees Limited.

MyState serves over 120,000 customers in Tasmania and across Australia. It operates bank branches around Tasmania and offers customers access to a network of ATMs across the country.

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