Newsroom

Personal Finance Unsecured Loan

  • Oxcel Finance
  • May 18, 2022

What is an unsecured loan?

An unsecured loan is a short-term loan that you can use for almost any purpose, including buying a car, boat, caravan, or motorcycle.

The lender gives you the funds and you agree to make regular repayments over the life of the loan. An unsecured loan doesn???t use your vehicle as collateral, so you own it outright from the beginning.

What are the benefits?

An unsecured loan puts no restriction on how you use the funds. That makes it a good option if you???re looking to purchase an older or vintage vehicle that doesn???t meet normal lending criteria. An unsecured loan can also help pay for your registration, insurance, or that fancy after-market stereo system.

Features of an unsecured loan

  • New or used vehicles
  • Flexible loan terms, from 1-7 years
  • No security required
  • Fixed or variable interest rates
  • Weekly, fortnightly, or monthly repayments.

Related Posts

Cars & Utes

The 5 best vehicles for a trip around Australia

There's no denying that Australia is one of the most beautiful countries in the world. With its stunning beaches, lush rainforests, and rugged outback, it's no wonder that so many...

January 14, 2024
Cars & Utes

3 ???To-Dos??? When Buying a Car

Buying a new or second-hand car is not something we typically do all that much, so for many car buyers it can be easy to make a mistake. Fortunately, there are some simple steps...

May 3, 2022
Cars & Utes

Get to know the best utes of 2023

Are you in the market for a ute (utility vehicle) in Australia and want to know how to get the best one? There are a few key things to consider when shopping for a ute, including...

January 19, 2024

Meet Our Panel

With a wide range of panel of lenders you can be assured we’ll find a competitive finance solution to suit your needs

  • All Lenders
  • Residential
  • Commercial
  • Business Loans
  • Asset Finance
  • Personal Loans
  • Industry Partners
icon

Looking For More Information?

We’ve made it convenient for you to find everything you need here

icon

Calculators & Tools

Try It

Helpful Articles

Read More

Finance Options

Read More

FAQs

Read More

Instant Quote

Get Quote

About Us

Read More