Looking for secured loans? You’re in the right place!

Need a secured loan? Just ask Safrock.

Are you looking for secured loans? Struggling to find a reliable lender? Well, you’ve come to the right place. Safrock is the middleman between you and your perfect lender. We’ll show your application to a variety of different lenders so you get the best chance at approval. Our team are here to help you navigate the world of online lending. 

You could apply for between $2,500 and $25,000 today using Safrock’s online loan calculator. So, what are you waiting for?

Secured Loans

What is a secured loan?

A secured loan is a personal loan over the value of $2,000 in which the borrower pledges an asset as collateral. Many lenders accept a car, motorbike, caravan or boat as collateral against a secured personal loan

Why does a loan over the value of $2,000 need to be secured? A loan over the value of $2,000 is a bigger risk for a lender and, therefore, the lender might require an asset as a form of insurance. If you do not repay a secured loan you run the risk of losing the asset that is attached to the loan.

Difference between a secured and unsecured loan

The main point of difference is that an unsecured loan is usually under the value of $2,000 and does not require collateral as security against the loan. Unsecured loans can be easier to gain approval for as they are worthless and therefore aren’t as big of a risk for the lender. If a loan is secured, then you are usually able to borrow much larger sums as a result.   

Who is Safrock?

Safrock is an online lender-finder making it easier than ever for Aussies to access secured loans quickly. Gone are the days of waiting days upon days for approval. If you submit an application with the Safrock team during AEST business hours we will do our best to get back to you with an outcome in 60 minutes. 

Ultimately, we’ll do the searching for you. Basically, this means our team will submit your application to a variety of online lenders in an effort to find you the perfect match. At Safrock, we don’t beat around the bush. If our team has been able to successfully match you with a lender we’ll let you know straight away.

Don’t have time to waste filling out multiple paper forms? You’ve come to the right place. When you apply with Safrock we won’t ask you to fill out any paper forms. Our entire application process is 100% online. That means you can apply wherever you are and whenever you like. Safrock is proud to be Australia-wide. So, whether you’re looking for a secured loan in Perth or a secured loan in Tasmania, Safrock could find a lender for the job. 

How do I apply for secured loans?

An application is super simple and could only take you a few minutes to complete. Here’s what you’ll need to do: 

Apply online 

Head to the top of the page and use the Safrock secured loan calculator to select a loan amount and repayment period that you are happy with. 

Fill out the form 

Complete our 100% online application form. This could only take a few short minutes since we only need a few important details to show potential lenders. 

We look for a lender

As soon as our team receives your application we’ll submit it to a variety of different lenders. The Safrock team will do their best to match you with the right secured loan. If you submit your application during AEST business hours, we’ll do our best to get back to you with an outcome in just 60 minutes. 

Sign your agreement 

Your new lender will send over an agreement for you to review and sign. The Safrock team strongly urge all borrowers to read through their agreement carefully and make themselves aware of any fees or charges that could incur for payment defaults. If you have questions regarding the terms and conditions of your loan we encourage you to get in touch with your individual lender before signing your contract. 

Get your cash 

Once your new lender receives a signed copy of your loan contract they will transfer the funds straight to your account. Some lenders are now able to use instant banking to deposit funds in just 60 seconds.* It is important to remember, however, that not all lenders use instant banking. In more cases, if your lender doesn’t offer instant transfers, your cash will be transferred in the next round of banking.

Who can apply?

We like to keep our application criteria pretty simple for secured loans. Here’s what you’ll need to meet if you’d like to submit an application: 

  • 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; 
  • You must have internet banking set up. 

If you can say yes to the criteria above you could scroll up and use the loan calculator to apply for secured loans today.

What documents will I need to attach to my application?

The Safrock team will need a few important documents to show potential lenders. The good news is, we will never ask you to provide us with paper copies. You can submit absolutely everything online. Here’s what you’ll need to 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 provide online banking details?

That’s a good question! A potential lender might need your online banking details to look at read-only copies of your bank statements. Bank statements give a possible lender a realistic idea of your current financial situation. Factors such as income, spending habits and existing financial commitments will be assessed to determine whether or not secured loans are right for your individual financial circumstances. 

If you have questions regarding this process, the Safrock team encourages you to get in touch with your individual lender.

What if I have bad credit? 

Have you been googling ‘secured loans for bad credit’ or ‘secured personal loan bad credit’? At Safrock, we do our best to submit your application to like-minded lenders so you get a better chance at approval on a secured loan for bad credit. A potential lender might look at your bank statements to determine whether you have made a considerable effort to reconcile bad credit. If this is the case, you could be eligible for a secured personal loan for bad credit. We encourage applicants who are unsure to go ahead and apply. An application costs nothing and you could have an outcome in just 60 minutes.**

Can I get a loan on Centrelink?

Safrock will accept applications from consumers receiving Centrelink benefits. As we are a lender-finder, our team can’t guarantee approval for any applicant. We do, however, guarantee that your application will receive a fair and reasonable assessment. A potential lender will need to assess what percentage of your income is drawn from Centrelink benefits to determine whether or not secured loans are a responsible financial decision. So, if you’ve been googling ‘secured loans bad credit on Centrelink’ you are welcome to submit an application with the Safrock team. 

Can I get an instant loan?

At Safrock, we believe in 100% transparency. That means we will never promise anything that we can not deliver. Safrock is a lender finder and, therefore, we can not speak on behalf of online lenders. In most cases, online lenders are not able to provide instant loans due to the fact that a thorough assessment must be conducted on all secured loan applications. At Safrock, we do our best to get back to our applicants with an outcome in 60 minutes if they apply during AEST business hours. 

Responsible lending 

It is important to remember that all Aussie lenders are required to comply with the Code of Responsible Lending. This safeguards consumers against predatory lending. Responsible lenders must: 

  • Make reasonable inquiries about the consumer’s financial situation, as well as their requirements and objectives;
  • Take reasonable steps to verify the consumer’s financial situation;
  • Conduct a preliminary assessment about whether the credit contract is ‘not unsuitable’ for the consumer (based on the inquiries and information obtained in the first two steps).         

Safrock urges borrowers to make sure their lender is responsible before signing an agreement. Unfortunately, what you see isn’t always what you get in the world of online lending. You can check out the Australian Code of Responsible Lending here. 

Can I get a payday loan?

Safrock does not match borrowers with lenders who provide payday loans. Traditionally, payday loans were small loans repaid in full on the borrowers next payday. Nowadays, online lenders can provide SACC loans. What is a SACC? A SACC is a Small Amount Credit Contract that covers loans up to the value of $2,000. If you’re in the market for a small loan that can be repaid over a short amount of time, the Safrock team strongly encourages you to apply with a responsible online lender who provides SACC’s. 

How much will a loan cost?

Safrock is a lender-finder and, therefore, we can’t comment on the cost of secured loans from potential lenders. We can, however, give you a good idea of what a secured loan could cost. You can scroll up and use our loan calculator to get a good idea of the repayments your desired loan amount. The good news is, an application with Safrock is completely free of charge. We’ll let you know whether or not our team has been able to match you with a potential lender.

Want to read more?

Find out how you could get a bad credit personal loan.  

Safrock’s got the lowdown on Sydney loans.  

*Only available for NPP enabled bank accounts.   

**If you apply during AEST business hours.