Secured Loans for Import Vehicles
What is a Secured Loan?
Secured loans generally offer lower interest rates than unsecured (personal) loans as the vehicle is used as security or collateral against the loan. This allows financiers to offer higher loan amounts than personal loans.
If you’re looking for secured import vehicle finance in Australia, iCREDIT can help by comparing lenders, loan products and rates, we match our customers application with the best secured finance options to meet your requirements for your import car purchase.
iCREDIT is dedicated to offering a wide range of transparent secured financing options throughout Australia and help customers with unique vehicles. We understand that everyone has different requirements, which is why we’re committed to provide an extensive range of loan options through our partnerships with leading banks and specialised vehicle lenders.
Your next import car purchase can be made possible with a flexible loan with easy to understand, clear options.
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Secured Car Loan FAQ's
Access frequently asked questions about Secured Import Car Loans
With a secured car loan, the lender provides funding to you to purchase a vehicle.
Upon settlement of your loan and payment to the seller, the financier lodges an interest with the PPSR (Personal Property and Security Register) against the vehicle. You take delivery of the vehicle.
Once you have repaid the loan, the financier removes their interest in the vehicle, giving the customer clear title.
Applying with iCREDIT is easy. Simply enter a few details into our online application form or contact us on 1300 350 118 to talk to us about your secured loan requirements.
Secured Loans can be used to purchase vehicles from both vehicle dealerships as well as private sales iCREDIT offer pre-purchase approval loans, helping you research your vehicle and buy with confidence knowing your funds are readily available.
Secured Loans can also be used to purchase other asset such as motorbikes, boats, caravans, trucks, and machinery
If you are choosing a secured loan for your a private sale vehicle, it’s important to know that some lenders will vary interest rates depending on the age of the vehicle, kilometres travelled and your overall loan application.
Secured loans generally offer lower interest rates as the vehicle is used as security for the lender. This means should the loan default due to non payment, the financier can reposess the vehicle and recover the funds.
Unsecured (Personal) Loans do not need security to be held against the loan, so generally come with a higher interest rate.
Having a poor credit file, defaults or slow repayment history on your credit file can reduce your chances of gaining a secured car loan with ‘mainstream’ banks.
We understand there are always reasons behind credit issues and work with you to gain an understanding of what happened.
With the strong relationships we have built with our lenders, we work hard to achieve the best outcome for our customers.
iCREDIT have over 20 years in providing secured loans for cars and assets and pride ourselves on being able to provide a quick turnaround service with transparency on your new loan.
Often your secured loan can often be arranged on the same day and in some cases funds settled and paid. Circumstances that may slow the application process depend on your individual financial circumstances and available documents.