23/12/2016 · Compare some of Australia's best secured personal loans. Secure your personal loan on an asset, such as a car, to enjoy a lower interest rate. Compare the features of different secured personal loan options to find one that best suits your needs. Use filters to improve your ;· Secured Personal Loans. A secured personal loan lets you use an existing asset such as a car as security to borrow money. In return, you generally pay a lower interest rate as there is less risk to a lender. Compare secured loans in Australia with Mozo and use our expert tables and reviews to find a loan to fit your ;· Secured personal loans have less risk to the lender and as such, come with a lower interest rate. The most common secured personal loan in Australia is a car loan. A secured personal loan can also be used for other purposes beyond car purchase. However, in such cases, the value of the asset you use (as security) needs to be equal to or greater than the loan ;· Secured personal loans are generally cheaper than unsecured personal loans. Providing the lender an asset as security reduces the lender's risk and the cost of the Personal Loans - Compare Today’s Rates | MozoPersonal Loan Comparison Australia | MoneyMeSecured personal loans | Access cheaper rates and borrow Best Secured Personal Loans from | RateCityAnother factor to consider when making a personal loan comparison in Australia is whether you’re getting a secured or unsecured loan. If you provide security against your loans, such as your home or car, you can get a lower rate. If you do this you’ll want to make sure you …05/03/2014 · If you get an unsecured loan the average interest rate is around 12-14% while a secured personal loan is between 8-12% personal loans generally have lower interest rates than unsecured personal loans, though the interest rate you are charged can depend on your credit rating. Borrowers with bad credit ratings may have to pay a higher rate of interest than borrowers with good credit of the best ways to compare secured, unsecured, fixed and variable interest rate loans is by using a loan comparison site like Canstar, Mozo or Info Choice among others. This will allow you to view a variety of lender’s products, their rates, fees and comparison rates are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates.

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