---
title: "Secured Asset Fixed Loan (Private Sale) — Firstmac"
description: "Personal Loans from Firstmac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/firstmac/products/fmc-secured-asset-private-fixed
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-26T01:06:11.515032Z
---

# Secured Asset Fixed Loan (Private Sale) — Firstmac

> Personal Loans from Firstmac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Personal Loans**

Firstmac’s Fixed Secured Asset Loan offers a competitive fixed rate with set repayments, giving you certainty over the life of your loan. Choose a term from 3 to 7 years, with finance available for new or used cars up to 12 years old, or new and used caravans up to 7 years old, when purchased from a private seller.

## At a glance

- **From:** 8.64% (9.91% comparison)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Penalty (Applicable to all fixed rates.) | 1.2% | — | — |
| Penalty (Applicable for vehicles up to 7yrs old at start of loan) | 1.5% | — | — |
| Discount | 2% | — | — |
| Fixed · 7 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years · Eligible rate for brand new fully electric cars.) | 8.64% | 9.91% | — |
| Fixed · 7 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years · Eligible rate for new or demo cars or caravans no older than 18 months and less than 7,500kms.) | 8.94% | 9.21% | — |
| Fixed · 7 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years · Eligible rate for used cars or caravans no older than 3 years) | 9.44% | 10.71% | — |
| Fixed · 7 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years · Eligible rate for used cars or caravans no older than 5 years) | 9.64% | 10.91% | — |
| Fixed · 7 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 7 years · Eligible rate for used cars or caravans no older than 7 years.) | 10.14% | 11.41% | — |
| Fixed · 5 years (Fixed terms are available for the duration of the loan term, from a minimum of 3 years up to a maximum of 5 years · Eligible rate for used cars no older than 12 years.) | 14.84% | 16.26% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Application Fee | Upfront | $599.00 |
| Fixed Rate Early Exit Fee — Exit fee is waived if the loan runs to full term or is repaid within the final 12 months of the term. A $500 exit fee applies if the loan is repaid after the first two years, and a $700 exit fee applies if repaid within the first two years. | Exit | $0.00 – $700.00 |
| Monthly Fee — Charged monthly · A fee charged monthly on the anniversary of the loan settlement. | Ongoing | $8.00 |

## Features

- **Extra repayments** (Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster. Early repayment fees may apply.)

## Eligibility

- **Minimum age** — 18 years (Applicants must be at least 18 years old to apply for this loan.)
- **Residency status** — Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- **Where the asset being used to secure the loan is a caravan, the borrower/s must be a home owner. **

## Constraints

- **The loan term must be at least 3 years. ** — P3Y
- **Minimum limit** — $10,000.00 (The minimum loan amount available under this product is $10,000.)
- **Maximum limit** — $150,000.00 (The maximum loan amount available for this product is $150,000. The maximum loan amount for vehicles over 7 years old is $50,000.)
- **The loan term cannot exceed 7 years. The maximum loan term for vehicles over 7 years old is 5 years. ** — P7Y

## Data provenance

- Published by Firstmac under the Consumer Data Right
- Product ID: `fmc-secured-asset-private-fixed`
- Last updated by the provider: 26 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/firstmac/fmc-secured-asset-private-fixed
- Provider page: https://www.cdrcompare.au/brands/firstmac

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/firstmac/products/fmc-secured-asset-private-fixed) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)