Skip to Main Content

What's the difference secured and unsecured Personal Loan?

What's the difference between a secured and unsecured Personal Loan?

With secured loans, you use an asset (e.g., your car, motorbike, or Term Deposit) as collateral for the loan. Because of the collateral provided, you'll usually have a lower interest rate.

With unsecured loans you won't have to provide any asset as security, but you may expect a higher interest rate.

Get in touch

Speak to a local

Our friendly Newcastle Permanent contact centre are here to help.

Call 13 19 87

Make an enquiry

Get in touch with us online, and we'll get back to you as soon as possible.

Make an enquiry

Visit your branch

Find the Newcastle Permanent branch that's closest to you.

Find your local branch