Secured Asset Fixed Loan (Private Sale)

Firstmac’s Fixed Secured Asset Loan offers a competitive fixed rate with set repayments, giving you certainty over the life of your loan. 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, when purchased from a private seller.

Personal loansLender updated 7 Oct 2026

At a glance

Fixed: 9.14%10.41% comparison
Loan size: $10,000 to $150,000
Upfront fee: $599
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.

Typical 7.96%

6%7%8%9%10%11%12%to 17%

This personal loan: 9.14%Every other institution's lowest, 67 in all

Lowest advertised rate, fixed or variable, leaving out car loans. One dot per institution, at its lowest personal loan rate anyone can apply for; hover or tap a dot for its name.

Rate	This personal loan	Best anywhere	Typical institution	Where it sits
Personal loanLowest advertised rate, fixed or variable, leaving out car loans	9.14%	5.80%Plenti Personal Loan	7.96%of 68 institutions	48th lowest of 68
Fixed personal loanRepayments stay the same for the term	9.14%	5.80%Plenti Personal Loan	7.96%of 42 institutions	31st lowest of 42

Rates

Every rate Firstmac publishes for this personal loan, 9 in all.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Discount	P&I	-	-	2.00%	-	Broker Commission
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 5 years	P&I	5 yrs fixed	-	15.34%	16.61%	Eligible rate for used cars no older than 12 years.
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years	P&I	7 yrs fixed	-	9.14%	10.41%	Eligible rate for brand new fully electric cars.
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years	P&I	7 yrs fixed	-	9.44%	10.71%	Eligible rate for new or demo cars or caravans no older than 18 months and less than 7,500kms.
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years	P&I	7 yrs fixed	-	9.94%	11.21%	Eligible rate for used cars or caravans no older than 3 years
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years	P&I	7 yrs fixed	-	10.14%	11.41%	Eligible rate for used cars or caravans no older than 5 years
FixedFixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years	P&I	7 yrs fixed	-	10.64%	11.91%	Eligible rate for used cars or caravans no older than 7 years.
PenaltyApplicable to all fixed rates.	P&I	-	-	1.20%	-	Additional loading for borrowers without significant financial assets behind them
Penalty	P&I	-	-	1.50%	-	Applicable for vehicles up to 7yrs old at start of loan; Additional loading for borrowers with a low credit profile.

Fees

3 fees published, grouped by when they're charged.

When you take it out$599Application Fee
While you hold it$8 a monthMonthly Fee
When you close it or pay it off$0 to $700Fixed Rate Early Exit Fee

When you take it out1

Application Fee
$599

While you hold it1

Monthly Fee
A fee charged monthly on the anniversary of the loan settlement.
$8 a month

When you close it or pay it off1

Fixed Rate Early Exit Fee
Exit fee is waived if the loan runs to full term or is repaid within the final 12 months of the term. A $500 exit fee applies if the loan is repaid after the first two years, and a $700 exit fee appl…
$0 to $700

Features

Extra repayments

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.