Popular Personal Loans Adelaide Residents Choose.
Personal loans Adelaide residents apply for can be secured or unsecured and can be for any worthwhile purpose. Personal loans sought for purchasing a car, motorbike, boat or caravan are examples of secured personal loans. If however, a personal loan is applied for to pay for a holiday or wedding, the loan would most likely be unsecured.
Personal loans are defined as loans that are predominantly for ‘personal use’ in nature. The lay persons; and often lenders marketing term ‘car loan’ is simply an example of a personal loan to fund the purchase a car, which could be a secured personal loan if the car was used as security against the loan, or, an unsecured personal loan if nothing was taken as security.
Secured Personal Loans
The most popular examples of secured personal loans Adelaide people apply for are listed below.
Car Loans
Car loans are applied for by people looking at purchasing a car; whether new or used car. Car loans will typically be secured against the car under finance and the loan is often set up with monthly repayments over a 5 year term.
Comprehensive car insurance is required by law while the car is under finance.
Bike Loans
Motor bike loans Adelaide residents apply for are for purchasing a motor bike; whether new or used bike. Bike loans will typically be secured against the motor bike under finance and the loan is often set up with monthly repayments over a 5 year term.
Boat Loans
Boat loans are applied for by people looking at purchasing a boat; whether new or used boat. Boat loans; sometimes referred to as marine loans will typically be secured against the boat or marine craft under finance and the loan is often set up with monthly repayments over a 5 year term.
Caravan Loans
Caravan loans are applied for by people looking at purchasing a caravan; whether new or used caravan. Caravan loans will typically be secured against the caravan under finance and the loan is often set up with monthly repayments over a 5 year term.
You can read more about secured personal loans Adelaide residents can apply for on our secured personal loans page.
Unsecured Personal Loans
The most popular unsecured personal loans are discussed below.
Any Worthwhile Purpose
Loans for any worthwhile purpose Adelaide residents apply for are typically amounts between 5 & 10 thousand dollars.
Home Renovation Loans
Home renovation loans Adelaide residents apply for are typically for amounts between ten and forty thousand dollars to renovate the family home.
Debt Consolidation Loans
Combine several personal loans; even credit card debt into one lower interest rate unsecured personal loan.
Garden Landscaping Loans
Landscaping personal loans are popular for amounts between ten and forty thousand dollars to landscape outdoor garden areas of the family home.
You can read more about unsecured personal loans Adelaide residents can apply for at our unsecured personal loans page.