Where can I get a secured car loan?
Are you looking for a secured car loan from a lender you can trust? Safrock could be the lender finder for the job. Gone are the days of multiple applications to different lenders and long wait times on approval. At Safrock, we do the hard work for you. When you submit an application to our lender finding service we’ll show it to a variety of different lenders so you get the best chance possible at approval. If you’ve been googling ‘secured loans against car’, ‘cash loans secured against car’ or ‘refinance secured car loan’ don’t waste any more of your precious time.
Let Safrock find a possible lender for the job – without the hassle!
What is a secured car loan?
A secured car loan is basically a larger amount of money that is lent to a borrower on a fixed repayment term. Secured car loans require collateral to be attached to the loan as security.
At Safrock, we offer car loans between $2,500 and $25,000. Safrock is proud to be offering secured car loans 100% online. That means you can apply for a loan wherever you are and whenever you like – you won’t even have to leave the house.
At Safrock, we are revolutionizing online lending. Our lending partners don’t think it should take weeks to receive an outcome on a loan application. If you submit an application for a secured car loan during regular AEST business hours the Safrock team will do their best to get back to you with an outcome in just 60 minutes.
How do I find the best lender?
If you’re looking for a lender finder you can trust you’ve come to the right place. Safrock is proud to be partnered with the best online lenders around. We want to give all Aussies a fair go at a secured car loan – without the hassle. When you submit an application with Safrock you can rest easy knowing you’re in good hands. We are proud to be part of a network of responsible lenders. The Safrock team is committed to delivering outcomes as quickly as possible. We know that if you’ve found the perfect car there is no time to waste.
The best part is you won’t have to head to the bank and wait in a long line. Just grab your smartphone and submit an application form 100% online. At Safrock, we won’t ask you to fill out a whole bunch of unnecessary paperwork. Our team cut straight to the chase so you get the cash you need when you need it.
Can I apply for a secured car loan with bad credit?
If the phrase ‘credit score check’ makes you cringe you’ll be pleased to hear that our lending partners don’t base their entire assessment around the result of a credit check. The lenders that Safrock partners with will conduct a realistic assessment of your secured car loan application. Factors such as income, spending habits and pre-existing financial commitments will all be considered during the loan assessment process. Lenders will have a look at whether or not you have tried to reconcile your bad credit score. If you have made a considerable effort to do so you could be eligible for a secured car loan.
It is important to remember that Safrock is a lender finder. That means we can not guarantee approval for every single applicant. We can, however, guarantee that our lenders will conduct a fair and thorough assessment of all secured car loan applications and do their best to match all applicants with a suitable loan product.
Will a possible lender do a credit score check?
In most cases, lenders will do a credit score check. There is no need to stress, this is just a part of the assessment process. As a part of their assessment processes, lenders may be required to assess all applicants credit scores. At Safrock, we encourage financial wellness and don’t want to see our applicants in debt. If you’ve got questions regarding credit score, the Safrock team encourages you to get in touch with the individual lender or head to our FAQ page for more information.
Who can apply for a secured car loan?
If you’re ready to apply for a secured car loan you’ll be pleased to know that we keep our application criteria as simple as possible. Here’s what you’ll need to be able to say ‘yes’ to:
- All applicants must be over the age of 18;
- You must have received some type of regular income for the last 90 days into a bank account that is your own;
- Applicants must have an active mobile phone number and email address that we can contact you on;
- Internet banking must be set up.
What documents will I need to show Safrock?
At Safrock, we do our best to keep things as simple as possible. You won’t be required to submit any paper forms or fill our pages and pages of complicated forms. Our 100% online application form could only take you a matter of minutes to complete, here’s what our team recommend you have handy:
- Personal details like your online banking & employment info;
- An active email address and mobile number;
- The reason you are applying for the loan;
- Your MyGov details (if you are receiving Centrelink payments);
- Employer and contact details.
Why do I need to give a possible lender my online banking details?
Your lender will never be able to look at your real bank account. We’ll ask you to log into your online banking profile so that we can get a read-only copy of your bank statements, which is passed on to possible lenders. Bank statements provide lenders with a realistic look at your current financial situation. Our partner lenders will look at factors like income, spending habits and financial commitments to determine whether a personal loan is appropriate for your individual financial circumstances.
Your security is always a top priority. Our partner lenders use the latest in safe banking technology to encrypt your personal information and passwords – that means no one will ever be able to see them. Got questions regarding online banking details? The Safrock team suggest you get in touch with your individual lender or head to our FAQ page for more information.
Will a lender call my employer?
In most cases, a possible lender will conduct an employment check. This is a requirement of all responsible lenders. A possible lender will ask your employer to confirm a few important details as part of the loan assessment process. There is no need to worry about privacy, as your lender should always conduct themselves in a professional manner. None of your personal details will ever be disclosed – this includes the reason why you are applying for a personal loan.
If you’ve got questions regarding the employment check process we recommend you get in touch with your lender or the Safrock team.
Can I get a secured car loan on Centrelink?
Safrock is a lender finder, that means we can not speak on behalf of the lenders we aim to match you up with.
Safrock does not guarantee approval for all applicants, however, we do guarantee our lenders will always conduct a fair and reasonable assessment on all secured car loan applications. If you are receiving Centrelink benefits the Safrock team encourages you to go ahead and submit an application. A lender will likely look at factors such as what percentage of your income is derived from Centrelink in order to determine whether a secured car loan is right for your individual financial circumstances. An application won’t cost you anything and, if you apply during AEST business hours, a member of our team will do their best to get back to you in 60 minutes.
Secured car loan interest rates
Are you wondering what the interest rate could be on a secured car loan? Safrock is a lender finder, that means we are unable to disclose the interest rates associated with a possible lender.
Safrock puts you in touch with a secured car loan provider that we think can say yes depending on your individual circumstances. You can scroll up to the top of this page and use our secured car loan calculator to get an idea of the costs that could be associated with a possible loan. Otherwise, you can head to our costs page for more information.
Is a car loan always secured?
If you’ve been searching ‘is car loan secured or unsecured’ then you’re probably wondering if a car loan is always secured? A car loan does not always have to be secured, however, at Safrock you have the option of attaching collateral to your loan. Traditionally, unsecured loans are for cash amounts smaller than $2,000. Lenders can offer loans between the value of $2,500 and $25,000. That being said, every lender is different. So, if you’re unsure about whether a car loan is secured, contact your lender.
Ready to apply?
If you’re ready to apply for a secured car loan you’ll be pleased to know that an application could only take you a few minutes. If you choose to apply during AEST business hours you could even have an outcome in just 60 minutes. Here’s how you could get started today:
Apply online
Just scroll up and use our secured car loan calculator at the top of the page to input your desired loan amount and the repayment period. When you’re happy just hit ‘apply now’.
Fill out the form
If you’ve chosen to proceed with an application you’ll be directed to Safrock’s 100% online application form. This could only take a few minutes to complete. We will just ask you to provide a few important details that a possible lender will need to assess your eligibility.
We find a lender
Once the Safrock team receives your application you can sit back and relax – we’ll do the hard work for you. Our team will show your application to a variety of lenders who could approve you for a secured car loan.
Choose your lender
If the Safrock team have been successful we’ll show you a list of possible lenders. All you’ll need to do is pick the one that suits you best. There’s no need to stress, our team will be here to help!
Sign your agreement
Once you’ve been approved by your lender you will receive a contract to review and sign. Safrock recommends that all applicants read through their agreement carefully and make themselves aware of any fees or charges that could incur for late or failed repayments. When you’re happy just sign and send it back to your new lender!
Get your cash
As soon as your lender receives your signed loan contract the money will be transferred to your account. Thanks to instant banking the cash could be in your account in just 60 seconds (NPP enabled bank accounts).
