Finty
Coastline

Coastline FTD Secured Personal Loan

SecuredVariable rate

A secured personal loan from Coastline, with rates from 7.75% a year.

Written byDavid Boyd
Interest rate a year, from
7.75%
Comparison rate, from
8.20%
Establishment fee
$5
Monthly fee
Not published
Borrow
From $500

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 7.75%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$624
Total repayments
$22,479
Interest
$2,479

Loan details

Rates

Interest rate (a year)
7.75%
Comparison rate (a year)
8.20%
Rate type
Variable
Security
Secured

Limits and fees

Loan amount
From $500
Loan term
Not published
Establishment fee
$5
Monthly fee
Not published

How it compares

Against the other secured personal loans we compare. Typical means the middle half of them.

Comparison rate

8.20%

From 8.20%. A typical loan starts at 8.63%.

Cost of $20,000 over 5 years

$4,193

Interest and fees at its starting rate. Typical is $4,624.

Setup fee

$5

A typical setup fee is $250.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 7.75%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
  • A $5 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Secured loans from other lenders that start at a similar comparison rate.