Take the smart route with low rate secured car loans from 7.54% 1 comparison 9.08% 5* for excellent credit.
Secured Car Loans
SECURE
YOUR
NEXT RIDE
YOUR
NEXT RIDE
Loans
that go the
extra mile
Find rates as low as 7.54% 1 comparison rate 9.08% 5*.
Same day settlement is possible.
You can also cover insurance and other costs.
Loan Calculator
Doing the maths is smart
Calculate your repayments on a secured car loan.
- Monthly
- Exceptional
Get estimate
Details
| Total Repayments | $0.00 |
|---|---|
| Total Interest | $0.00 |
| Amount Required | $0.00 |
| Establishment Fee | + $0.00 |
| Loan Total | $0.00 |
| Interest Rate (p.a.)1 | 0.00% |
The Wisr Difference
Not your average lender
We’re smart, with a big heart.
Your rate is tailored based on your credit score.
You’ll get an outcome that’s right for you.
With no early repayment fees.
Learn how to keep them in shape.
Our customer service team is ready to help.
Testimonials
For the part of you that learns from others
The Process
We keep it simple
- 01
Get your personalised rate estimate in 2 minutes
- 02
Apply online and get a response right away
- 03
Upload your documents
- 04
Sign on the digital line
- 05
Get your money within 24-48 hours, if approved
Product features and fees
- Loan purpose
Secured car loan
- Interest rate
Fixed from 7.54% 1 to 15.94%
- Comparison rate
Fixed from 9.08% 5* to 17.48% 5*
- Loan amount
$10,000 – $147,000
- Terms
3, 5 and 7 years
- Establishment fee
$605 for refinance $605 for dealer sale
$655 for private sale
- Features
No early repayment fees
Eligibility criteria
- Gross income over $25,000 p.a.
- Over 18 years of age
- No unpaid defaults last 5 years
- No bankruptcies last 7 years
- Not currently in financial hardship
- Permanent Australian resident (living in Australia right now)
Q1: What’s the difference between an unsecured vehicle loan and a secured vehicle loan?
Good question. The key difference is that with a secured car loan you have to provide your car as a guarantee, while you don't with an unsecured car loan. This means that secured loans generally come with lower interest rates.
Want to know more? Check out our Smart Guide, Secured or unsecured? That is the question.
Q2: Do you accept new and used vehicles?
Yes! New or used, dealership or private sale, we’ll help you get the vehicle of your dreams. We have dedicated pages for new and used car loans that can help answer any questions you may have:
Q3: What are your interest rates?
The rate we calculate is personalised to you. Secured loans start from 7.54% 1 comparison 9.08% * for customers with excellent credit and are fixed for the life of the loan.
Q4: What are the fees for paying off my loan early?
There are none! In fact, we want to help you pay it off sooner. We offer Booster Payments free of charge, plus a clever Wisr App feature called Round Up that rounds up your everyday transactions and allocates it to a debt of your choice.
FAQ
For the curious
Yes. In many cases you can refinance to get a better rate or choose a different loan structure. If you'd like to refinance your secured car loan with Wisr, get in touch with or team who will be happy to run through your options.
Find out more about your options using our guide, Can you refinance a car loan?
More Resources
The boring (but important) stuff
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1: This rate applies only to borrowers with excellent credit histories. Wisr will also offer loans at higher rates to applicants with good histories, but who do not meet the requirements for our lowest rates. Interest rates range from minimum 7.54% p.a. to a maximum 15.94% p.a. Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 7.54% p.a. comparison rate 9.08% p.a. and a $605 establishment fee, the monthly repayment would be $623.84 and the total cost over the life of the loan including the establishment fee and $10 Monthly Account Fee would be $37,430.60.
2: Comparison rates based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.
3: Comparison rates based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.
4: Comparison rates based on $10,000 secured loan, fixed over 3 years, with monthly repayments.
5: Comparison rates based on $30,000 secured loan, fixed over 5 years, with monthly repayments with a total loan amount compared to the vehicle asset valuation less than or equal to 130%.
* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms may result in different comparison rates. Costs such as redraw fees or 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.
Note: All rates mentioned on this website are calculated on a per annum basis.