With energy prices rising, switch to a cheaper plan
Compare Prices Now

Bank of us Secured Residential Loan

Secure a lower interest rate and save by securing your personal loan. Interest charges and fees apply.

Bank of us home loan customers can use their residential real estate to secure lower interest rates on their personal loans. This loan comes with variable interest and unlimited extra repayments. You can borrow from $3,000 up to $100,000, with a loan term from 1 to 10 years. This loan is only available for existing Bank of us home loan customers.

No reviews yet. Write a review

From 5.31% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameBank of us Secured Personal Loan (SECURED BY RESIDENTIAL REAL ESTATE)
Interest Rate (p.a.)
From 5.31% (variable)
Comparison Rate (p.a.)5.59%
Interest Rate TypeVariable
Min Loan Amount$3,000
Max. Loan Amount$100,000
Loan SecuritySecured

How does the Secured Residential Loan work? 

This personal loan is for Bank of us home loan customers. It offers a lower rate when secured by residential real estate, compared to its unsecured option. The loan funds can be used for the purchase of a new car, home renovations or extensions or holidays. The loan comes with a variable rate of interest. 

What features does the Secured Residential Loan offer?

  • Secured loan. If you’re a Bank of us home loan customer, you can use your residential real estate to secure this loan and get a lower rate (when compared to the unsecured loan).
  • Variable rate. With a variable rate, your repayments may fluctuate based on the market rate. It could go down if the rate reduces, or increase if the rate goes up.
  • Flexible loan term. Your loan term can be between 1 and 10 years.
  • Borrow from $3,000 upwards. The minimum loan amount is $3,000. You can borrow up to $100,000.
  • Flexible repayments. You can make weekly, fortnightly or monthly repayments, based on what suits you.
  • Additional repayments. You can make unlimited additional repayments.
  • Early repayments. You can pay off your loan early without facing a penalty.
  • Redraw facility. You will also be able to redraw the additional repayments made.

How much does the Secured Residential Loan cost? 

There are a number of costs associated with the Secured Residential Loan. These include:

  • Loan principal
  • Variable interest rate of 5.31% p.a.
  • An application fee

This loan does not charge monthly or annual account keeping fees. The comparison rate, which includes interest and fees, is 5.59% p.a.

What are the pros and cons of the Secured Residential Loan? 


  • Lower rate. When you use your residential property to secure the loan, you get a lower rate. You’ll be paying less and saving more with a lower rate. 
  • Flexible features. You can make as many additional repayments as you want and redraw it. You can also pay off the loan early without having to pay a fee. 
  • No monthly fees. No pesky monthly or annual fees adding to the cost of your loan. 


  • Risk to asset. You risk putting your asset in jeopardy by using it as loan security. If you default on your loan, your asset could be repossessed to pay for the lender’s loss. 

Am I eligible for the Secured Residential Loan? 

To be eligible for the Secured Residential Loan, you must be: 

  • Aged 18 or older. 
  • A resident of Tasmania (the product may be offered to interstate customers, in some instances).
  • A current Bank of us home loan customer for a minimum of 6 months. 

How do I apply for the Secured Residential Loan? 

You can apply for this loan through the Bank of us website. You will be required to provide information on your finances, including debts, and details of your current employer. Keep all the required documents on hand to speed up the process.

Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate of 8.9% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Logo for OurMoneyMarket Personal Loan
OurMoneyMarket Personal Loan

You'll receive a fixed rate from 6.25% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a guaranteed rate of6.49% p.a. with a comparison rate of 7.41% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Ask an expert

To ask a question simply log in via your email or create an account.

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 Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site