Other Collateral as Security

We will accept other (non-real estate) assets as chattel security for loans providing we have an adequate description of the asset and proof of purchase/ownership.  

For company/organisation loans this chattel security may take the form of a company debenture or General Security Agreement over the company/organisation assets.  Whichever form that takes the security will then be registered on the Personal Property Securites Register (PPSR) an on-line register of securities managed by the Companies Office.

For personal loans we will also accept assets as chattel security and will register a financing claim against those assets on the PPSR.  This is a key form of security provision on loans for both solar water heating installations and hybrid vehicles.