How do our secured loans work?
A secured personal loan from Direct Finance Loans can help you with those larger purchases or financial commitments. A secured loan is one that has some security or collateral for the lender attached to the loan itself and at Direct Finance loans we are happy to assist with your personal loan requirements and we offer a great loan solution for larger loan amounts that can be paid over a longer term. We offer competitive interest rates that are fixed and unlike some loan companies, Direct Finance Loans won’t charge you if you pay it off early.
At Direct Finance Loans, if you own your car outright and it’s registered in your name, then you can provide it as security for a personal loan. When the loan is made the debt is secured against this, which is referred to as collateral.
A secured loan is generally a little larger loan than our unsecured loans and range from $2,000 to $5,000. They are often used for larger purchases or to contribute to occasions which require a large financial commitment such as weddings or finishing off those home improvements, maintenance or house renovations.
A secured personal loan can be used to consolidate personal debt, combining all your current loans into one easy to manage loan and to have lower repayments. Whatever the reason, at Direct Finance Loans, we are dedicated to helping your situation. Upon approval, we can have the money in your account in no time and the application process is a breeze. At Direct Finance Loans we aim to provide you with a quick and convenient way to obtain your secured personal loan so you can get on with your daily activities.
We work out what’s best for you!
The friendly team at Direct Finance Loans are dedicated to finding the best loan solution that works for you. One of the benefits of our secured loans is that they can be taken over a longer loan term than our unsecured loans. They can be approved over terms of up to 52 weeks to ensure the repayment amount is affordable, as the loan amount is usually higher. Interest rates are fixed so you know exactly how much you will be paying for each payment and can plan your budget accordingly. There are no nasty account keeping fees or pre-payment fees for early repayment. Keep in mind, secured loans require a little more documentation in the application process as the vehicle registration papers need to be provided before the loan can be approved.
Fast and simple to apply for
Our loan applications are simple, fast and convenient. At Direct Finance Loans, we understand that every customer and situation is unique. Our team of dedicated Loan Specialists take the time to understand your situation to ensure that we get the right loan product to meet your needs and to ensure the process runs smoothly and quickly.
Getting a loan with Direct Finance Loans is quick and easy. You fill out an application online and once all your supporting documents have been provided you can generally have an answer within two business hours. Our experienced Financial Consultants are available to take you through the application process right up to the final stage where the funds are transferred to your account.
At Direct Finance Loans, we pride ourselves on making your loan process easy, so that you can rest easy. Applying for your secured personal loan online with Direct Loan Finance is fast, simple and secure. See how simple the application process is for you, and apply now.