The Mutual Bank
Secured Personal Loan
The Mutual Bank · pers loans
Provider last updated this product 2026-07-01.
Go to provider
You'll complete your application on
The Mutual Bank's website. Confirm the rate and fees with them
before applying.
A secured personal loan for worthwhile purposes, secured by a vehicle up to the age of 7 years old.
As published by the lender
- Security - Secured
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| FIXED | 7.99% | 8.27% | OTHER | PRINCIPAL AND INTEREST | 84 months | - | calculated daily |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| LOAN_APPLICATION_FEE_PERSONAL_LOAN | UPFRONT | $200 | Payable to cover costs when you apply for a loan. |
| DEFAULT_ADMINISTRATION_FEE | EVENT | $50 | Payable to us when the borrower (or security provider) has not performed an obligation on time including an obligation to pay money. This fee is payable monthly commencing one month after the obligation should have been performed and up to and including the month in which the obligation is performed. We debit these fees to your loan account each month until the default is remedied. |
| RENEGOTIATION_FEE | EVENT | $300 | Per renegotiation. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options. |
| SECURITY_SUBSTITUTION_FEE | EVENT | $300 | Per new security. Payable to us to substitute a new security for an existing one. |
| PPSR_SEARCH_&_REGISTRATION_FEE | EVENT | - | Amount not ascertainable. ayable to us to cover the cost when we undertake a search of and register our interest in the Personal Property Securities Register for a vehicle and/or equipment that we are taking as security. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 7.99% | 8.27% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- No early repayment fee
- Loan terms up to 7 years
Who can apply
- residency status - Australian citizen or a permanent resident of Australia or otherwise approved
- min age - 18Borrower must be minimum age of 18 years old
- natural personAvailable for personal use only
- otherSecured by vehichle up to the age of 7 years old at the time of application
Limits
- min limit - 5000.00Minimum loan amount $5,000.00
- max limit - 150000.00Maximum loan amount $150,000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-07-01T08:27:37.000+10:00 · Product ID: Secured_Personal_Loan