Whatever your dreams may be – a new car, that long-overdue family holiday, or even an extension on the house – Metro has you covered. We’re proud to help Aussies realise their big dreams with a range of tailored finance products as unique as they are.
We empower hard-working Australians with reliable, efficient customer service provided by real people. Our friendly Metro team put our clients first and understand that quick responses and transparency are essential.
Metro’s promise to you: we’ll connect you to local experts and always ensure fast turnaround times. You’ll always speak to someone experienced and local to get the answers you need to help you decide what’s right for you.
Getting on the road with a new set of wheels couldn’t be easier with Metro with a range of finance options and benefits to suit your needs.
At Metro, we believe in a greener future, which is why we’re committed to offering tailored finance solutions to support Aussies on their sustainability journey by making the switch to electric mobility.
A tailored Metro finance package offers features:
Find out more about Metro’s electric vehicle loans
Don’t just take our word for it. See what our satisfied customers and accredited introducers have to say about their experiences working with Metro.
A secured personal loan is a type of financing that uses the asset being financed, typically a vehicle or piece of machinery, as security against the loan, known as collateral. Secured personal loans are considered a more flexible option to unsecured personal loans, as they usually offer higher loan amounts with lower interest rates and longer loan terms.
Metro’s secured personal loans are specifically designed for vehicles.
This will depend on the finance package you choose. Your broker will be able to advise the differences between interest rates based on your needs.
Repayment terms usually range from 1 to 7 years.
Most lenders offer fixed monthly payments over the loan term. Some may offer flexible repayment schedules, including bi-weekly or automatic payments.
Generally, yes. This can save you money on interest if you’re able to pay off the loan sooner than anticipated.
Secured personal loan eligibility varies by lender. Generally, eligibility is based on factors like:
Yes. However, it’s important to note that you might need to provide additional documentation to verify your income and financial stability.
Yes. However, you may need to provide additional documentation to verify your income and ability make repayments.
Yes. However, much like a student personal loan you might need to provide additional documentation to verify your ability to make regular repayments.
A good credit score is important and improves your chances for approval. Speak with your broker to understand how your credit score is calculated and the factors that impact it.
You can also obtain a free copy of your credit report and score by from reporting agencies like Equifax, Experian and illon:
Applying for a loan may result in a temporary dip in your credit score due to the credit inquiry. However, responsible loan management can positively impact your score over time. It’s a good idea to speak directly with your broker to learn more, or we can put you in touch with an accredited Metro broker.
Click here to talk to a Metro broker.
You can check your credit score by obtaining a free copy from reporting agencies like Equifax, Experian and illon:
Your credit score is your own, regardless of the report provider, and is determined by your borrowing history and repayment habits. If you’re unsure about your credit score, it’s a good idea to speak with your broker, or we can put you in touch with an accredited Metro broker.
Click here to chat with a Metro broker.
Having your documents ready can really speed up the loan application process. Lenders usually require:
Loan amounts depend on the vehicle and type of financing you require. Speak with your broker about the vehicle you are hoping to finance to get an idea of how much you might be able to borrow.
Yes, however there are some eligibility requirements: joint applicants must be married or in a de-facto relationship and live at the same address.
The credit score of the joint borrowers is assessed against the greater of the two individual’s credit scores.
At Metro, we pride ourselves on our quick approvals process. In most instances, loan applications are approved within one business day.
Specific fees for secured personal loans in Australia can vary depending on the loan type, amount and individual circumstances. Some of the more common fees include:
For specific details regarding the fees associated with a secured personal loan, we recommend contacting your broker or we can put you in touch with one of our accredited brokers.
Missing a payment on your personal loan may negatively impact your credit score and incur late fees.
If you believe you may miss a payment, it is crucial to communicate with your lender as soon as possible. If you are facing difficulties, your broker can explore a range of financial hardship solutions to minimise the impact on your credit score and repayment history.
A target market determination (TMD) outlines to customers and distributors the class of consumers for which a financial product has been designed, and takes into account the customer’s objectives, financial situation and needs of the target market. Please refer to this PDF to find out more about TMDs.
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Our award-winning team can put you in touch with one of our accredited Metro brokers who can guide you through the loan application process.
