Is the asset eligible?
The lender considers ownership, value, age, condition and existing registered interests.
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Secured personal loans. Move forward.
Put your plans in motion. Your broker compares suitable secured loans from our 80+ lender panel and explains the costs and security requirements.
- A range of personal loan purposes
- Eligible assets considered as security
- Compare suitable lenders and terms
What have you got planned?
Let’s help you fund it.
Acceptable purposes and collateral differ between lenders.
A major household purchase
Renovation or home-improvement costs
Medical or dental expenses
Education or professional costs
A leisure asset that qualifies as security
Refinancing an eligible secured personal facility
Your income and expenses
These details help a lender understand the current position and decide whether the personal loan request fits its rules.
- Income
- Expenses
- Credit
- Purpose
The asset securing the loan
These details identify the asset involved in personal loan, its value and whether it can be used as loan security.
- Ownership
- Value
- Condition
- Existing interest
Loan terms and conditions
Compare these personal loan figures together. Looking only at the rate or regular repayment can hide fees or a higher total cost.
- Rate
- Term
- Enforcement
- Release
Have something in mind? Let’s talk finance.
Get my free quotePersonal loan.
More options. Less legwork.
A secured personal loan uses an eligible asset as collateral while the funds are used for an approved personal purpose. Depending on the lender, the asset may be the item being purchased or another acceptable asset.
Does security improve the deal?
Compare the secured rate and fees with an unsecured option rather than assuming it is cheaper.
Can the asset be replaced?
Consider the practical impact if default led to repossession of a vehicle or other important asset.
Why choose X Lend for personal loan?
Security may reduce the lender's risk and support different pricing or borrowing limits, but it gives the lender enforceable rights if the loan is not maintained. The asset, its value and any finance already registered against it all matter.
This differs from a standard secured car loan, which is designed around the purchase of the financed vehicle. We compare the two only where both genuinely fit the purpose.
How will you exit?
Selling or replacing the security usually requires an approved payout or substitution process.
Moneysmart notes that a lender can repossess and sell the secured asset if repayments are not made. A sale may not clear the full debt, leaving a shortfall.
Work out your repayments.
Then find your finance.
Try an amount and term for your personal loan. When you’re ready, we’ll compare the options available to you.
Personal loan repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsYour circumstances.
Your finance options.
The borrower and collateral are assessed separately and together.
What do I need to qualify for personal loan?
- Serviceable income and acceptable credit profile
- Eligible personal purpose
- Clear ownership of the proposed asset
- Supportable asset value and condition
- No unresolved security interest or an approved payout path
Who can personal loan help?
- Borrowers comparing secured and unsecured total costs
- Applicants with a clear, lender-approved purpose
- Asset owners who understand the enforcement risk
When should I consider another option?
- Anyone unable to prove ownership or value of the proposed security
- Borrowers relying on selling the asset without a payout plan
- People whose essential transport or livelihood would be jeopardised by repossession
Asset not acceptable
Some asset types are too difficult to value, identify or resell under lender policy.
Insufficient equity
Existing finance or a low valuation may leave too little security for the requested amount.
Loan remains unaffordable
A lender still needs evidence that repayments fit after expenses and existing commitments.
What do lenders look at for personal loan?
A secured personal loan can alter pricing and eligibility, but it exposes the nominated asset to enforcement if the agreement fails.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for personal loan, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include a major household purchase.
- 02
We do the lender research
We help organise identity and income documents and bank statements if requested and check serviceable income and acceptable credit profile to find lenders that fit your situation.
- 03
Choose your finance
We explain purchase-money security and existing-asset security, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
The collateral and purpose shape the agreement.
Purchase-money security
The new asset being purchased secures the loan, subject to lender eligibility.
Existing-asset security
A lender may accept an asset already owned, after checking value, ownership and existing interests.
Unsecured comparison
No collateral is pledged, but the rate or available amount may differ.
Test the benefit
A secured option should deliver a meaningful pricing or eligibility benefit before taking on collateral risk.
Protect the exit
Ask how a sale, refinance or payout works before committing the asset.
What should I have ready before applying?
- Confirm exactly which asset is listed in the agreement.
- Check early payout and security-release steps.
- Do not pledge an asset without considering the impact of losing it.
How we can help.
Illustrative examples of how we approach personal loan.
Leisure purchase
An applicant is buying an eligible leisure asset.
How your broker helps
Compare asset-specific secured finance with an unsecured personal loan.
What to have ready
Use the same deposit and term for the cost comparison.
Existing vehicle offered
A borrower proposes a paid-off vehicle as security for another purpose.
How your broker helps
Confirm lender acceptance, value and registration requirements.
What to have ready
The agreement must clearly identify the secured asset.
Essential work vehicle
Loss of the asset would prevent the borrower earning income.
How your broker helps
Give extra weight to repayment buffer and unsecured alternatives.
What to have ready
The consequence of repossession is part of the suitability decision.
A word from your broker.
At X Lend, we first make the purchase amount, purpose and comfortable repayment clear. We then compare suitable panel options on the same term and fee basis, explain the total cost and ask the customer to approve the selected lender submission.
Let’s compare your options.
Get my free quotePut your plans in motion.
Keep more cash in reserve.
See how arranging finance compares with waiting or paying the full cost upfront.
With personal loan
Use personal loan for an eligible personal expense without waiting to save the full amount.
Assess how personal loan would affect savings available for emergencies and everyday costs.
Compare personal loan repayments, fees and total cost before deciding.
The cost of waiting.
The underlying personal need or expense may continue while the decision is delayed.
Costs can increase over time when an essential purchase or repair is postponed.
Paying the full amount from savings can leave less buffer for unexpected expenses.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Super helpful, friendly and fast. Secured a bank loan beyond expectations and did all the tricky leg work. Definitely be using their services again. Corey was a legend!
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
personal loan.
Your personal loan questions.
Answered.
The details you want to know before taking the next step.
What can secure a personal loan?
It depends on the lender. Commonly accepted assets may include eligible vehicles or the item being financed, but ownership, value and identification rules apply.
Is my home used as security?
Not automatically. A secured personal loan may use a vehicle or another eligible asset. Any property-secured proposal should be clearly disclosed and assessed as a different risk.
Can I sell the secured asset?
Usually only after the lender's security is dealt with, commonly through a payout or lender-approved replacement.
Is a secured personal loan cheaper than an unsecured loan?
It may have a lower rate, but compare fees, term and total repayments. The lower-cost option also needs to justify the added collateral risk.
Keep exploring your options
Further readingMoneysmart — personal loansPPSR — used vehicle searchesMoneysmart — credit scores and credit reports
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026