Auckland Loans
Secured Loans
Better local lending
More options and competitive rates – get a better deal with Auckland Loans.
Have you been planning on making a major purchase? Maybe you already have loans and are looking for a better deal while applying for extra cash? Auckland Loans offers unsecured loans up to $150,000. Sometimes we can even go beyond this limit.
Speedy local service with high approval rates
Auckland Loans
Fast Secured Loans
Our local team moves at lightning speed to get your loan approved faster.
- Borrow up to $150,000 (higher amounts available on application)
- Many loans are paid on the same day*
- 100% online, fast and easy to apply
- Speedy local service with high approval rates*
- One application gives you rates and repayment options from many lenders
- Rates from 9.95%*
*Subject to responsible lending checks and lending criteria.
Why Choose Auckland Loans
Auckland loans: better options, better rates and better local service.
Our job at Auckland Loans is to find you the best low-cost loan, faster. You don’t have to shop around – we do that for you. Not only does this save you time, it’s easier and better for your credit rating. This is because applying for too many loans in a short time frame can harm your score.
Here’s how it works
As loan brokers, we put your application in front of multiple low-cost lenders. You apply once, online in around 3 minutes. Then we compare loan offers to find the best deal for you.
But that’s not all
Auckland Loans, through its parent company Loansmart, are Financial Advisors. This means we can offer you more than just loan options. We can go one step further and discuss the pros and cons of each, and are obliged to point out which one works in your best interest. Not all loan brokers are financial advisors. That means they are not obligated to put your financial well-being first.
Applying for a loan can be a frustrating, confusing and time-consuming experience. Auckland Loans takes those problems away to provide you with quick, smart – trustworthy solutions.
We also provide bad credit personal loans, vehicle loans, unsecured loans, and debt consolidation loans.
*Subject to responsible lending criteria.
Low Interest Secured Loans
- Access multiple low-cost lenders with one quick online application
- Compare loan offers to find the best deal quickly and easily
- Get reliable, trustworthy advice on which deal is best.
Auckland Loans only works with low-cost lenders, with rates starting at just 9.95%. Get a personalised loan quote today and money could be in your account tomorrow!* Use our free loan calculator to see how much you can borrow.
Secured loans:
What Are They?
Secured loans are loans that are secured by collateral, such as a vehicle, property, or other valuable item. By using collateral as security, the lender guarantees that if the borrower defaults on the loan, they can recover their money. This lowers the risk to the lender. Without the security, you may not be able to obtain a loan of this size.
However, if you want to borrow up to $75,000, an unsecured personal loan may be an option for you. Auckland Loans unsecured personal loan limit is significantly higher than many other lenders, including banks.
How Do Secured Loans Work?
An asset is used as collateral for secured loans. The lender evaluates the value of the collateral when a borrower applies for one, and then determines the maximum loan amount based on the percentage of the value of the collateral. Loan-to-value ratios are used to determine the maximum loan amount.
If the borrower defaults on the loan, meaning they don’t make the agreed-upon payments, the lender can seize the collateral to recover the outstanding balance. The lender gets some security and reduces their risk this way, which is why it’s called a “secured” loan.
Advantages of Secured Loans
There are several reasons why a secured loan can be a better option than an unsecured personal loan
Secured loans typically have lower interest rates compared to unsecured loans because the lender has collateral to fall back on in case the borrower defaults. This makes secured loans a more affordable option for borrowing large amounts of money. At Auckland Loans, our interest rates start from just 9.95%.
With a secured loan, you can often borrow a larger sum of money compared to an unsecured loan. This is because the collateral you provide gives the lender confidence that they will recover their funds even if you are unable to repay the loan. We offer loan limits of up to $75,000 for our unsecured personal loans, but with our secured loans we can provide a limit of $150,000.
Secured loans are often more accessible for borrowers with poor credit histories. Since the collateral reduces the lender’s risk, they may be more willing to approve your application even if you have a less-than-perfect credit score.
Secured loans typically have longer repayment terms, allowing you to spread out the payments over a longer period of time. This can make it easier to manage your monthly budget and ensure that your loan repayments fit within your financial capabilities. Auckland Loans makes borrowing easier with our flexible repayment terms from 6 months to 84 months – we make it easy and affordable.
Secured loans can be used for a variety of purposes, whether you want to consolidate your debt, make home improvements, or fund a major purchase such as a car or a wedding. The flexibility in use makes secured loans a versatile option for meeting your financial needs.
Some lenders prefer secured loans because they have a lower risk of losing their investment. With collateral provided as security, lenders have an asset to fall back on in case the borrower defaults. This reduces the risk for the lender, making them more willing to offer lower interest rates and higher borrowing limits.
Would a Secured Loan be Right for Me?
Here are some factors to consider when deciding whether a secured loan is right for you:
Secured loans come with a risk of losing your collateral if you default on the loan repayments. If you’re confident in your ability to repay the loan and don’t mind the risk, then a secured loan could work for you. At Auckland Loans we won’t lend to you unless we’re confident of your ability to repay your loan. We always do our best to set you up for repayment success.
Interest rates are typically associated with risk. So with less risk involved, you may get a better interest rate.
Naturally, being able to borrow more means you can do more with that money. You may want to renovate your home, upgrade your car and go on holiday at the same time. One larger secured loan can effectively do the job of three or more smaller loans.
With a secured loan, you may be more likely to get approved if you have bad credit
When you have a poor credit score, collateral can help you get a loan. Lenders may be more willing to lend when they can see you’ve got something to back up the loan asset. Bad credit loans are one of Auckland Loans’ specialties – we believe everyone should have access to low-cost loans, no matter what their credit history is. We help people with low credit ratings get loans with our fast, local service.
