--- title: What is a security interest description: A security interest means we can use the goods you financed as backup for the loan. You keep using it, but if you don’t pay what you owe, we can take it and sell it to get our money back. --- [Skip to content](https://help.breezefinance.com.au/knowledge-base/what-is-a-security-interest#main-content) [Sign in](https://help.breezefinance.com.au/_hcms/mem/login?redirect_url=https%3A%2F%2Fhelp.breezefinance.com.au%2Fknowledge-base%2Fwhat-is-a-security-interest&hsLang=en-au) Open main navigation Close main navigation - [Sign in](https://help.breezefinance.com.au/_hcms/mem/login?redirect_url=https%3A%2F%2Fhelp.breezefinance.com.au%2Fknowledge-base%2Fwhat-is-a-security-interest) How can we help you? - There are no suggestions because the search field is empty. 1. [Breeze Finance](https://help.breezefinance.com.au/knowledge-base?hsLang=en-au) 2. [ General information ](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au) 3. [ Your rights and obligations to the goods you finance ](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#your-rights-and-obligations-to-the-goods-you-finance) # What is a security interest ## A security interest means we can use the goods you financed as backup for the loan. You keep using it, but if you don’t pay what you owe, we can take it and sell it to get our money back. A **security interest** is a **legal right** we have over your goods financed to secure repayment of your loan. In simple terms: - You promise us that if you **don’t repay the loan**, we can **take and sell the goods financed **to recover what you owe. - The goods financed are called the **secured property** (or collateral). - **Until the loan is fully repaid**, we retain an interest in that property. **Key points about a security interest:** - You **keep possession and use** of the secured property while you’re making payments. - **You are responsible** for the secured property at all times. If it is lost, damaged, or destroyed, we are not responsible—you are. - Even if something happens to the secured property beyond your control, we can still demand that you **pay the full outstanding loan amount**. The loss of the secured property does not cancel or reduce your debt. - We do **not own** the secured property unless you default. - If you **default**, we can enforce the security interest (for example, by repossessing and selling the secured property). - Even after the secured property is sold by us, you may **still owe money** if the sale doesn’t cover the full debt. - [General information](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#main-content) - [Contact Us](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#contact-us) - [Fees](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#fees) - [Product returns and refunds](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#product-returns-and-refunds) - [Your rights and obligations to the goods you finance](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#your-rights-and-obligations-to-the-goods-you-finance) - [Credit enquiries](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#credit-enquiries) - [Voluntary surrender of goods financed with us](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#voluntary-surrender-of-goods-financed-with-us) - [Compliments & Complaints](https://help.breezefinance.com.au/knowledge-base/general-information?hsLang=en-au#compliments-complaints) - [Repayments](https://help.breezefinance.com.au/knowledge-base/repayments?hsLang=en-au#main-content) - [Repayment changes](https://help.breezefinance.com.au/knowledge-base/repayments?hsLang=en-au#repayment-changes) - [Payment methods](https://help.breezefinance.com.au/knowledge-base/repayments?hsLang=en-au#payment-methods) - [General advice](https://help.breezefinance.com.au/knowledge-base/repayments?hsLang=en-au#general-advice) - [Manage account](https://help.breezefinance.com.au/knowledge-base/manage-account?hsLang=en-au#main-content) - [My account](https://help.breezefinance.com.au/knowledge-base/manage-account?hsLang=en-au#my-account) - [Statements](https://help.breezefinance.com.au/knowledge-base/manage-account?hsLang=en-au#statements) - [Difficulty paying](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#main-content) - [Talk to us](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#talk-to-us) - [Payment arrangements](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#payment-arrangements) - [Financial hardship](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#financial-hardship) - [Defaulting on a loan](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#defaulting-on-a-loan) - [Explore free support options](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#explore-free-support-options) - [Voluntary surrender](https://help.breezefinance.com.au/knowledge-base/difficulty-paying?hsLang=en-au#voluntary-surrender) [![breeze finance white](https://help.breezefinance.com.au/hs-fs/hubfs/breeze%20finance%20white.png?width=200&height=125&name=breeze%20finance%20white.png "breeze finance white")](https://help.breezefinance.com.au/?hsLang=en-au) BREEZE CAPITAL PTY LTD ACN: 147 671 949 - IS AUTHORISED UNDER AUSTRALIAN CREDIT LICENSE: 468425. 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