FirstmacSecured Asset Variable Loan (Dealer)
Firstmac’s Variable Secured Asset Loan offers a competitive variable rate with flexible repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used cars up to 12 years old, or new and used caravans up to 7 years old; purchased from a dealer. Enjoy the convenience of a redraw facility (up to $5,000 per day), as well as no fees for paying out the loan early.
At a glance
- Variable
- 8.94%10.21% comparison
- Loan size
- $10,000 to $150,000
- Upfront fee
- $499
- Monthly fee
- $8
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 8.94% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 44th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 8.94% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 26th lowest of 45 |
Rates
Every rate Firstmac publishes for this personal loan, 8 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Penalty | P&I | - | - | 1.20% | - | Additional loading for borrowers without significant financial assets behind them |
| Penalty | P&I | - | - | 1.50% | - | Additional loading for borrowers with a low credit profile. |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 7 years. | P&I | - | - | 8.94% | 10.21% | Eligible rate for brand new fully electric cars. |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 7 years. | P&I | - | - | 9.09% | 10.36% | Eligible rate for new or demo cars or caravans no older than 18 months and less than 7,500kms. |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 7 years. | P&I | - | - | 9.59% | 10.86% | Eligible rate for used cars or caravans no older than 3 years |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 7 years. | P&I | - | - | 9.74% | 11.01% | Eligible rate for used cars or caravans no older than 5 years |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 7 years. | P&I | - | - | 10.74% | 12.01% | Eligible rate for used cars or caravans no older than 7 years. |
| VariableLoan terms available from a minimum of 3 years up to a maximum of 5 years. | P&I | - | - | 15.14% | 16.41% | Eligible rate for used cars no older than 12 years. |
Fees
2 fees published, grouped by when they're charged.
- When you take it out$499Application Fee
- While you hold it$8 a monthMonthly Fee
- When you close it or pay it offNo fee published
When you take it out1
- Application Fee$499
While you hold it1
- Monthly Fee
A fee charged monthly on the anniversary of the loan settlement.
$8 a month
Features
Eligibility and limits
- Minimum age 18
- Residency: Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- Amount $10,000 to $150,000
- Where the asset being used to secure the loan is a caravan, the borrower/s must be a home owner.
- The loan term must be at least 3 years.
- The loan term cannot exceed 7 years. The maximum loan term for vehicles over 7 years old is 5 years.
Compare it with others
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Published by Firstmac under the Consumer Data Right, last changed by them on 7 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.