Personal and Car Loans

Personal and Car loan

Personal and car loans


Despite best intentions, saving for cars, holidays, renovations and other personal expenses sometimes can’t be covered by regular savings.

Personal loan products are there to help you finance these wants and needs quickly and efficiently.

Here at Shore, our specialist knowledge of loan products from over 30 different lenders and our ability to transact quickly and efficiently with careful consideration of your unique strategy mean you’ll enjoy a smooth and supported journey.

And depending on your borrowing capacity, a lender can loan you a certain amount of money to help you achieve your goals faster. As these types of loans are for smaller amounts of money, they generally have shorter terms than larger mortgage loans.

Personal loans generally fall into two categories: secured personal loans and unsecured personal loans. Let’s take a look at what the differences are.

Car loan

Car loans


Car loans are a form of a secured personal loan that are specifically available for buying either new or used vehicles. Many car dealers may offer you loan products but these are not always the most competitive products on the market.

Here at Shore, one of our financial service brokers can provide you with a range of options, whether it’s a stand-alone car loan or packaging your car loan into an existing home loan.

We can provide you with car loan quotes from our vast network of lenders.

Thanks to the preferential rates we enjoy with our lenders, we can often secure you a car loan at a lower interest rate than loans offered through car dealerships.

We work with you to get your loan approved quickly and efficiently, so you can drive away in your dream car sooner.

Unsecured personal loan

Unsecured personal loan


An unsecured personal loan is used for funding something that the bank could not repossess if you fail to meet the loan conditions. As a result, an unsecured loan usually has a higher interest rate and stricter borrowing criteria.

Examples of things you may use an unsecured loan for include:

  • Refinancing credit card debt at a lower interest rate
  • Funding emergency repairs to your home or car
  • Financing a holiday
  • Small home renovation projects, especially if you no longer have a home loan
Secured personal loan

Secured personal loan


A secured personal loan means that the loan money is for a physical item that the lender can repossess if required.

Or alternatively, even if the loan is for something intangible, you own an asset that you can offer to the bank as security should you not meet your loan obligations.

Typical examples include:

  • A car or motorbike
  • A boat
  • Other vehicles

Ready to apply for a personal loan? Maximise your opportunities with Shore Financial today.

Get in touch with Shore Financial today and maximise your opportunity through property!


  • Levels 3 & 4, 153 Walker Street
    North Sydney, 2060

  • 1300 416 700

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