Finder makes money from featured partners, but editorial opinions are our own.

People’s Choice CU Secured Personal Loan

Borrow from $10,000 up to $100,000. This loan is secured, and interest charges, establishment and rate lock fees apply.

No reviews yet. Write a review

Main points to consider with the People's Choice Secured Personal Loan

This loan is a secured loan and in order to benefit from the low comparison rate of 8.35% p.a., you must secure this loan with a motor vehicle.

You must be able to prove that you own the vehicle that you're using as security. You can apply for between $10,000 up to a maximum of $100,000.

The loan terms start from 1 year and end at 10 years.

Features of the People's Choice Secured Loan

Some of the features associated with this loan include:

  • A competitive rate. This rate starts from a low 8.35% p.a. comparison rate per year.
  • Fixed rate for the first five years of your loan term. You benefit from a fixed rate for the first five years of your loan term. This means that you have the certainty of knowing how much your repayments will be for the first five years, which offers peace of mind.
  • Large starting amount. You can borrow a minimum of $10,000 and a maximum of $100,000.
  • Freedom of funds. As this is a personal loan, you are able to use the funds you are granted for whatever you need. Want to go on a holiday or consolidate your debt? You are able to do this with your loan.
  • Loan terms. Loan terms for this loan start from 1 year to 10 years.
  • Flexible repayments available.You can tailor your personal loan repayments to your cash flow frequency with weekly, fortnightly or monthly repayments available.
  • Straightforward fee structure. The fees you need to pay are made known to you before your application. You must pay a $250 application fee, as well as a rate lock of 0.15% of the total loan amount.
  • No monthly fees or penalties for additional repayments. You benefit from no monthly fees charged as well as no penalties for additional repayments or any penalties for early repayment.
  • Redraw facility available. If you make extra repayments over the duration of your loan, you are able to redraw them whenever you need them.
  • Pre approval for 60 days. You benefit from pre-approval from People's Choice which is valid for 60 days.
  • Secured loan. This loan is secured and needs to have an asset put forward. You must secure this loan with a new or used motor vehicle to benefit from the low rate on offer.

How to apply for the People's Choice Secured Loan with a motor vehicle

If you're ready to apply for this loan, click on "Go to Site" and ensure you meet the following requirements:

  • Be the age of 18 or older.
  • Have an income.
  • Know your assets and liabilities situation.

Some of the documents you need to provide include:

  • Income details. This is needed to show you can meet your financial obligations of this loan. Income details can include pay slips, child support statements, pension statements, proof of overtime, rental income and commissions.
  • Expense details. This can be utility bills, rent, board, loan repayments, credit card repayments, maintenance, lease repayments and more.
  • Asset information. You need to show any assets you might have, which can include cash savings, the value of your motor vehicles, shares, property, bonds, price of furnishings and many more.
  • Residential and employment details for the last three years.
  • Australian driver's licence number and expiry.

You benefit from a low rate when securing this loan with a motor vehicle. Ensure this loan meets your financial needs before applying. Compare other personal loans before making a decision.

Compare other personal loans

1 - 12 of 12
Updated regularly
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable, 3 - 7 Years, $5,000 - $150,000
loans.com.au - New - Variable Rate Special
6.24% to 7.74%
7.36% to 8.85%
Variable
$400
$8
Monthly Repayment
Go to siteMore Info
Stratton Finance New Car Loan
Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance New Car Loan
6.52% to 18%
6.95% to 23%
Fixed
$395
$0
Monthly Repayment
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket New Car Loan
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
Go to siteMore Info
IMB New Car Loan
Fixed, 1 - 7 Years, $2,000 - $125,000
IMB New Car Loan
6.24%
6.59%
Fixed
$274.78
$0
Monthly Repayment
You'll receive a fixed rate of 6.24% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Go to siteMore Info
RACV New Car Loans
Fixed, 1 - 7 Years, $5,000 - $150,000
RACV New Car Loans
7.29% to 16.99%
8% to 17.77%
Fixed
$499
$0
Monthly Repayment
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
Variable, 3 - 7 Years, $5,000 - $150,000
loans.com.au - Variable Rate Used Car < 5 years
7.74% to 7.74%
8.85% to 8.99%
Variable
$400
$8
Monthly Repayment
Go to siteMore Info
Stratton Finance Used Car Loan
Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance Used Car Loan
6.52% to 18%
6.95% to 23%
Fixed
$395
$0
Monthly Repayment
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
Go to siteMore Info
RACV Used Car Loans
Fixed, 1 - 7 Years, $5,000 - $150,000
RACV Used Car Loans
8.49% to 16.99%
9.21% to 17.77%
Fixed
$499
$0
Monthly Repayment
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Go to siteMore Info
Verified Lending Used Car Loan
Fixed, 1 - 7 Years, $10,000 - $200,000
Verified Lending Used Car Loan
7.1% to 18.99%
8.06% to 22.99%
Fixed
$395
$0
Monthly Repayment
More Info
NRMA New Car Loan
Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
7.29% to 16.99%
8% to 17.77%
Fixed
$499
$0
Monthly Repayment
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
More Info
NRMA Used Car Loan
Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA Used Car Loan
8.49% to 16.99%
9.21% to 17.77%
Fixed
$499
$0
Monthly Repayment
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
More Info
loading
More resources on Finder

More guides on Finder

  • Guarantor personal loans

    If you don't quite meet the criteria for a personal loan, applying with a guarantor can help get your application over the line.

  • OurMoneyMarket Unsecured Low-Rate Personal Loan

    A marketplace personal loan with personalised interest rates.
  • Harmoney Personal Loan

    An unsecured personal loan with interest rates tailored to your risk profile.
  • Joint Personal Loans

    If you're wanting to bolster your application, buy an asset with your partner or apply for a loan you're not eligible for by yourself, you can consider a joint application personal loan.

  • $10,000 loans in Australia

    Are you in need of a larger loan but concerned about your credit history? There still may be options available, no matter your credit history. Read our guide to find out what might be available to you.
  • IMB Unsecured Personal Loan

    IMB personal loans can be used to finance a range of purchases, including cars, holidays or even home repairs.
  • Apprentice loans

    If you're thinking about getting an apprentice loan, explore the possibility of government-sponsored loans as well as loans offered by banks. Find out everything you need to know to compare your options.
  • Easy personal loans

    Not all personal loans come with endless documentation. Some lenders specialise in quick and easy application processes.
  • $5,000 loans

    How to apply for a $5,000 loan and what you should keep in mind before applying.
  • Loans for casual and part-time workers

    Find out your loan options if you're casually employed, or are part time and don't work a full 40-hour week.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site