A secured loan is a loan for which the borrower pledges one or more assets as security or collateral. Secured loans are very popular in Australia, not just for buying personal use assets like cars, boats and motorbikes, but for business lending and the financing of plant and equipment.

Both lender and borrower benefit from such an arragement. Lenders can strengthen their loan portfolios and create goodwill with borrowers, as secured loans are generally considered less risky and such borrowers tend to borrow again in the future. Borrowers likewise do better with a secured loan, as they are usually able to borrow more and often pay rates of interest that are lower than would be charged if the loan was not secured.

This web site is under construction but if you are considering borrowing or looking at getting a secured loan, the first step is to carefully consider your needs and circumstances and if needed seek professional financial advice.