A Consumer Loan Secured is essentially a loan where you have immediate use of the goods if they are to be used mostly or more than 50% of the time for personal use.
- Anyone wishing to purchase goods for mostly personal use.
- Motor Vehicles, motor cycles, boats and caravans.
- A deposit may be needed.
- You have the option to payout the loan before the end of the term.
- A balloon payment at the end of the term can be arranged to reduce the regular repayment amounts.
- Interest calculated daily and charged monthly.
- Payments may be tax deductible.
- Term 1 – 7 years
- $5,000 +
- Fixed Interest rate
- Flexible repayments and methods available