A secured personal loan lets you nominate an eligible asset as security against your loan. Breezy Loans offers secured personal loans from $2,100 to $70,000 for employed Australians, with transparent fees, fixed interest rates, and repayment terms from 4 to 24 months. Apply 100% online and receive a decision within 60 minutes during business hours.
A secured personal loan is a personal finance product where the borrower nominates an eligible asset to act as security against the loan amount. Understanding how this works helps you make an informed borrowing decision.
When you take out a secured personal loan, the lender registers a legal interest over the nominated asset for the duration of the loan. This gives the lender a degree of protection because, in the event of a default, they have a defined path to recoup the outstanding debt. In return for accepting this security, lenders are generally able to offer access to larger loan amounts or different terms compared to a fully unsecured arrangement.
At Breezy Loans, secured personal loans work the same way as our standard personal loan product in terms of the application process, approval timeline, and repayment structure. The key difference is that you nominate a qualifying asset at the time of application, and that asset is held as security until the loan is fully repaid. Once you make your final repayment, the security interest is released and you retain full ownership of your asset free of any encumbrance.
Secured personal loans from Breezy range from $2,100 to $70,000 and are repaid over 4 to 24 months at a fixed interest rate between 29.9% and 39.9% per annum depending on the loan amount. All fees are disclosed upfront in your loan contract before you sign, and you may repay the loan early at any time with no penalty.
Both loan types are available through Breezy Loans. Understanding the difference helps you choose the product that best matches your situation.
To qualify as security for a Breezy secured personal loan, your nominated asset must be registered in your name and carry sufficient value to support the loan amount requested.
Registered passenger vehicles, four-wheel drives, and utility vehicles are commonly accepted as security. The vehicle must be registered in Australia and in your name. Age and condition of the vehicle may be assessed as part of the application.
Registered motorcycles that are owned outright or with significant equity can be nominated as security. As with vehicles, the registration must be current and the asset must be in your name without conflicting financial interests.
Recreational watercraft including trailer boats and small vessels may be considered as security where they carry verifiable value and are registered to you. Eligibility is assessed on a case-by-case basis.
Important: The nominated asset must be free of encumbrances or have sufficient equity above any existing finance. Breezy Loans will assess the suitability of the nominated security as part of the loan application process. Not all assets will be accepted. Contact our team if you are unsure whether your asset qualifies.
Secured personal loans offer genuine advantages for some borrowers while presenting a consideration that is important to understand before you apply.
Secured personal loans from Breezy are available to employed Australians who meet the following criteria and can nominate a qualifying asset.
You must be currently employed and have received a regular income of at least $600 per week for a minimum of three consecutive months.
All applicants must be at least 18 years of age at the time of application.
You must be an Australian citizen or hold permanent residency in Australia.
You must not currently be experiencing financial hardship, insolvency, or bankruptcy at the time of application.
A current Australian bank account is required for loan disbursement and repayment via direct debit.
You must be able to nominate an eligible asset such as a registered vehicle, motorcycle, or boat that is owned by you and largely free of encumbrances.
The application process for a Breezy secured personal loan follows the same three-step path as our standard personal loan, with the addition of nominating your security asset.
Fill in your personal details, employment and income information, and nominate your security asset. The entire application is completed online in minutes. No printing and no branch visits.
Our team reviews your application and assesses your nominated security asset. We aim to deliver a decision within 60 minutes during business hours. You will be notified by email and SMS.
If approved, review and sign your loan contract digitally. Funds are then transferred directly to your nominated Australian bank account the same business day or the next business day at the latest.
All costs are disclosed before you sign your loan contract. There are no hidden fees, and the rate you are quoted is fixed for the entire term of your loan.
Repayment Structure: Repayments are made via direct debit from your nominated bank account and are scheduled to align with your payday — weekly, fortnightly, or monthly. You will always know your exact repayment amount before you sign your contract as the rate is fixed from day one.
Answers to the most common questions about secured personal loans from Breezy.
Complete the 100% online application in minutes. Get a decision within 60 minutes during business hours. Funds transferred the same or next business day.
Apply NowBreezy Loans Pty Ltd holds Australian Credit Licence 389610. Credit is subject to approval. Secured personal loans require nomination of an eligible asset as security. The lender holds a registered interest over the nominated asset for the loan term. In the event of default, the lender may exercise rights over the security asset. Interest rates of 29.9% to 39.9% p.a. apply depending on loan amount. Establishment fee 20%, monthly fee 4%, dishonour fee $27.50. No early repayment penalty. Loan amounts from $2,100 to $70,000. Terms from 4 to 24 months. This information is general in nature only. Please read your loan contract carefully before signing.