Due to unforeseen circumstances, our branch at Mooroopna is closed today, Friday 17 October 2025. We apologise for any inconvenience. Our team are here to help. Call us on 1800 MY GMCU (1800 694 628) or visit us at one of our other branch locations.

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Secured Personal Loan

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  • Secured Personal Loan

Typically pay a lower rate by using your car or the car you’re buying as security.

Unlock the value of your car using a Secured Personal Loan to lock in a typical lower interest rate.

Stay in control with a Fixed Interest Rate. A Secured Personal Loan can be used for multiple loan purposes where you are able to provide your existing car that’s up to three years old, comprehensively insured and doesn’t have any finance owing on it as security for the loan.

Features & benefits

Product Features:

Personal Loans
Maximum Loan Term : 7
Redraw Facility : Yes
Establishment Fee : $150
Monthly Fee : $0
Redraw Fee - Online : $0
Personal Loan Interest Rate Comparison Rate
Secured 7.79% p.a. 8.04% p.a.
Fees Charges
Establishment fee $150
In branch redraw fee $25
Online redraw fee $0
Default Fee  $10

To be eligible to apply for a Unsecured personal loan with GMCU, you must:

  • Be at least 18 years old
  • Be an Australian or New Zealand citizen, Australian Permanent resident, or hold an eligible visa
  • Meet minimum income requirements
  • Have a good credit rating

 

Talk to a lending expert today

 

Personal loan calculators

Wondering how much you can borrow? Or what you repayments will be each month? Our calculators can crunch the numbers for you.

Ready to take the next step?

Make an enquiry

Get in touch with one of our Lending Specialists online.

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Drop into one of our branches to chat with your local lending expert.

We'll come to you

Our mobile banking team are available to come to you at a time that suits.

Frequently Asked Questions

For all your home loan questions, check out our FAQs page.

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  • 1 A fully secured Personal Loan is secured by deposit or property or a vehicle less than three years old and the loan is not greater than our valuation of the property or vehicle.
  • 2 Comparison Rates for Car Loans and Personal Loans are based on a loan of $30,000 over a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

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We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which GMCU operates and where our team members reside.