Low-Cost Lending That’s Fast Too!
- Rates from 9.95%*
- Same day payout*
- Loans approved in 1-2 hours*
*Subject to responsible lending checks and lending criteria.
East Bay Finance
Secured Loans
Better low-cost lending
More options and more chances of success with East Bay Finance!
Do you have a major purchase on the horizon? Or perhaps you already have loans but you want a better deal, while also getting some extra cash? Let East Bay Finance help with our easy, low-cost secured loans with limits up to $150,000. Depending on your circumstances, we may even be able to go above this limit.
Approval in 1-2 hours*, rates between 9.95% – 35.50%
![](https://eastbayfinance.co.nz/wp-content/uploads/2024/06/east-bay-finance-online-loans-secured-loans-2-1024x842.jpg)
East Bay Finance
Easy Secured Loans
Our friendly team moves quickly to get your loan approved faster.
- We offer loans up to $150,000 (other amounts on application are possible)
- Loans are usually paid the same day*
- 100% online application, fast and easy to fill out
- High approval rates with speedy local service
- Get rates from multiple lenders with one application
- Interest rates from 9.95%*
*Subject to responsible lending checks and lending criteria.
Why choose
East Bay Finance
East Bay Finance: fast, affordable and fair loans
Our goal at East Bay Finance is to provide you with fair, affordable loans, fast. You don’t need to shop around – we do that for you. It saves you time, and it’s more convenient and better for your credit rating. You risk damaging your credit score if you apply for too many loans in a short period of time.
This is how it works
East Bay Finance are loan brokers. This means we compare loan offers from several low-cost lenders after you apply. You just apply once – it only takes about 3 minutes, and then we do the rest. Easy!
But Wait, There’s More
You can trust East Bay Finance to act in your best interests. Through our parent company, Loansmart, we are Financial Advisors. This means as well as providing you with loan options, we can also help you weigh up your options so you can choose the best deal for you. We are obligated to put your financial well-being first, so you can trust us!
Getting a loan can be a hassle, but East Bay Finance offers smart, fast, and reliable solutions.
We also provide bad credit loans, vehicle loans and debt consolidation loans.
*Subject to responsible lending criteria.
East Bay Finance
What is a Secured Loan?
Secured lending is a type of loan that is backed by collateral. Collateral is a valuable asset – like a house or a car – that the borrower pledges to the lender as a form of security against the loan. This provides reassurance to the lender that if the borrower defaults on their payments, they can take the collateral and sell it to recover their losses.
These are some of the benefits of secured loans:
- Lower interest rates compared to unsecured loans
- Higher borrowing limits - up to $150,000 (and in some cases more) vs $75,000 for unsecured lending
- Longer repayment periods, up to 84 months
- Good for larger expenses
What Can I Use a Secured Loan For?
Having access to more money means you can do more with it. For example, you may want to renovate your house, start a business, upgrade your car and go on vacation at the same time. One secured loan can actually do the job of three or more smaller loans.
How much can I borrow?
You can borrow up to $150,000 with an East Bay Finance secured loan. Sometimes we can even go beyond this limit! Find out what your repayments would be with our free loan repayment calculator.
If you want to find out how much you can borrow, just complete our quick and easy online application form – it takes just 2 minutes! We’ll be in touch soon after to get some more information from you.
East Bay Finance
Secured Loans FAQ's
With East Bay Finance, you can borrow up to $150,000 – sometimes more – with our secured loans. This compared with $75,000 for unsecured loans.
Our interest rates range from 9.95% to 35.50%. But most people have rates well below 35.50%. The rate you are offered depends on things like your income, credit history, and existing levels of debt.
A secured loan uses collateral – such as a house or a car, or some other valuable asset – as security against the loan. If you don’t pay back the loan, the lender can take that asset. An unsecured loan means there is no security – you are simply given the cash and you then pay it back over time.
No, a secured loan by definition requires you to put up an asset as security against the loan. If you do not have collateral, you can instead apply for an unsecured loan.
As a responsible lender, East Bay Finance always does credit checks as part of our approval process. We must make sure you can afford to pay back a loan before we arrange the lending. If you are concerned that you have a poor credit history, we still might be able to help. We specialise in arranging loans for people with bad credit, so get in touch with us to discuss your situation today.
Secured loans are not difficult to get, but they do take a little longer for approval compared with unsecured loans. This is because the collateral being put up as security needs to be valued, and this adds another step to the process. However, we still do our best to make the whole process super easy and fast.