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Customers can now apply for a MyState Bank secured personal loan of $10,000 to $75,000, with a competitive rate of 6.99% p.a. (comparison rate 7.62% p.a.) You can secure this loan against your vehicle. This rate is fixed, so minimum repayments will remain the same for the life of the loan. Customers with good credit histories can qualify for this loan, which also allows for flexible repayment options and offers the chance to make penalty-free additional repayments. So, if you choose to, you can pay off your loan early and save money on interest.
From 6.99% (fixed)
Interest Rate (p.a.)
7.62%
Comparison Rate (p.a.)
$10,000
Min Loan Amount
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Product Name | MyState Bank Secured Fixed Rate Personal Loan |
---|---|
Interest Rate (p.a.) | From 6.99% (fixed) |
Comparison Rate (p.a.) | 7.62% |
Interest Rate Type | Fixed |
Min Loan Amount | $10,000 |
Max. Loan Amount | $75,000 |
Loan Security | Secured |
This is a secured loan, so you will need to use your current vehicle (or if you are purchasing a vehicle with the loan, the new vehicle) as collateral against the loan. Vehicles used as collateral need to be under seven years old in order to qualify as loan security (other requirements, such as the value of the car, may also apply). Successful applicants can choose whether to make their repayments weekly, fortnightly or monthly, depending on what suits their lifestyle and/or pay schedule.
Applications take just 10 minutes to complete and successful applicants could have their funds transferred as quickly as the next business day. Loans are available on terms from 1 year and up to 10 years, and there are no penalty charges if you choose to pay off your loan early.
This loan comes with a number of features, such as:
There are also a number of fees and charges associated with this loan.
*Please note that other fees and charges may also apply.
To apply for MyState's secured personal loan, click "Go to Site" and submit an application through the lender's website directly. Before submitting an application, please ensure that you meet the following criteria. Applicants must:
You will also need the following documentation:
You can check your credit score for free to ensure that you meet the credit rating criteria for this loan. If you're unsure about your eligibility, you can also contact MyState Bank by phone to discuss any details with them. While this may be an attractive financial product, you should always compare your secured personal loan options thoroughly before submitting a loan application, to ensure that you get the best deal for your circumstances.