Our Secured Loan Eligibility Criteria
At Trusty Finance, we believe in complete transparency at every step of our process. Before you apply, check the eligibility criteria below to ensure that our loans are a good fit for you.
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At Trusty Finance, we believe in complete transparency at every step of our process. Before you apply, check the eligibility criteria below to ensure that our loans are a good fit for you.
Trusty Finance Personal Loan Eligibility
You may be eligible to apply for a Trusty Personal Loan if you:
- Are at least 18 years old
- Are employed with consistent income for 90 days
- Are an Australian Citizen or permanent resident with a fixed address
- Have an active email address, phone number & online banking details in your name
- Own a motor vehicle registered in your name
- Are in control of your current finances and handling your existing financial commitments
We assess each application individually, so if you meet these criteria, you can apply for a Trusty Personal Loan.
What you need to apply for a secured personal loan:
If you can check every aspect of our eligibility criteria above, you are well on your way to approval. Here’s some more detailed information that can help you:
A vehicle in your own name to use as security
A secured personal loan uses your vehicle as collateral for the loan. Before you apply, you will need to have a vehicle that you own, registered in your own name. When considering taking out a loan, ensure that your budget allows you to insure the vehicle and maintain it in good condition.
Regular, ongoing income from employment
To apply for a Trusty Loan, you will need to show 90 days of consistent income. When you consider applying for a personal loan, check your budget to ensure that the repayments fit within your expenses.
Understand your credit score
Knowing where you stand in terms of past credit history can help you to plan ahead. If your credit has taken a hit, you can still apply for a secured personal loan and our team will review your application. If you have any questions, send an email to info@trustyfinance.com.au, and our supportive team will respond promptly.
Manage your finances responsibly
Responsible borrowing means only borrowing what you can afford to repay. If you can pay your bills on time and have discretionary funds, then there’s a good chance you will be able to repay a personal loan.
Simple, Fast & Hassle-Free
Borrowing should be easy to understand — that’s why we keep things simple, with no confusing terms or hidden fees.
Our process is 100% online, so you can apply in minutes, get a fast decision and have funds in your account without the hassle.
How much would you like to borrow?
Smart Money Tips & Insights
Do Loan Companies Call Your Employer?
Applying for a personal loan can have plenty of upsides, especially if you’re using it to achieve a specific financial goal. But many potential borrowers may be concerned about privacy issues, particularly regarding lenders contacting their employers.
Using A Car As Collateral For A Personal Loan
When money is tight, and a big expense pops up, using a car as collateral for a personal loan can help you unlock funds without selling your vehicle. For many borrowers, a secured personal loan keeps life moving – literally – while covering things like repairs, home projects, or surprise bills. Trusty Finance offers secured personal loans that use your car to support the loan, with a quick online application and no hidden fees, so it fits easily into a busy schedule.
What is the Difference Between a Secured and an Unsecured Loan?
When you start looking at personal loans, you’ll quickly see two main types: secured and unsecured. Understanding the difference between a secured and unsecured loan helps you work out which option suits your situation and how a Trusty Finance secured personal loan could fit into your plans, whether that’s for a home project, a big life event, or unexpected costs.