How it works.
We make it quick and easy for you.

Applying for a loan with Rapid Loans is quick and easy. Our online application form is easy to use and can be completed quickly. Once you’ve applied, our dedicated loan consultants will check over your application and be in touch.

We are here to help

How It Works

Rapid Loans has worked hard to make accessing finance for car, personal needs or your business into a simple and streamlined process. Many clients start their application in the morning, answer a quick consultant phone call a few hours later and then watch as the funds appear in their account the next business day.

Loan application documents you’ll need. Gathering documentation to support your Rapid Loans application shouldn’t be difficult. Remember, there are just 3 main things we are looking to establish:
1. Your identity
2. Your financial circumstances
3.Your lifestyle.

Talking to a loans consultant. Your loan application goes direct to our loans consultants in real time. If they receive your application before midday and everything is in order, there is every chance they will be able to clear it that day1. Before they do, however, they will need to talk to you to cover a few further points. Call-back times average around 2 business hours.

In this follow up call, our consultants may ask for clarifications for certain aspects in your application or on your supplied documentation. This is purely in the interests of finding the best loan for you. Our consultants are professional and discreet and only ask for information they need. Once approved, you should receive your funds on the next business day.

Start your simple and speedy finance solution in just minutes. Apply now or call 1300 727 431 to speak to your professional loan consultant.

We Give You A Fair Go

Lacking Good Credit History

Some of us starting out and some of us are starting over. Whatever the case, your credit history might be a little patchy or even non-existent. That’s cool! We’ll give you a leg up or a second chance to get you going.

Discharged From Bankruptcy

Bankruptcy can sometimes feel like the end. At Rapid Loans we treat it as a fresh start. So, whether you’ve been bankrupt in the past or just recently discharged, we’re here to see how we can help you back on your way.

Credit File Defaults

No sweat. Rapid Loans looks at all applications with a fresh eye. We know life happens, so we assess your application as a whole.

How it works

Apply Online

Complete our easy online application form. Don’t worry, we only need the important stuff to get you moving.

Upload Documents

Upload your important docs via our secure online platform. We’ll tell you what you need, and it only takes a few minutes.

We’ll Get In Touch

Your application will be reviewed and one of our friendly loan consultants will be in touch soon!

Receive Funds

If approved, have your funds faster than you can say Rapid Loans! If you applied in the morning, they could hit your account the very same day.

We are here to help you

Frequent Questions

Find the answers you are looking for by browsing through a number of questions we get asked a lot.

How do I apply for a loan online?

Making your application. Our online application process is straightforward, with only a few screens from start to finish. If they have their documents ready, most customers only need between 2 and 3 minutes to complete the entire process. Once you send your application, it goes straight to our loan consultants.

Online application steps:
1. Let us know how much you’d like to borrow and why.
2. Fill in your name, address and contact details.
3. Let us know the bank you usually work with – it helps speed up the process if our system can work directly with theirs.
4. Upload your documents.
5. Hit ‘Send’.

What kind of documentation will I have to supply when applying for a loan online?

While there are many documents you could supply electronically, you won’t generally need to supply everything in the list below – this is just a list of standard documents that can help us with your approval:
– Payslips, PAYG statements and tax returns
– Credit card statements
– Existing personal or car loan statements
– Mortgage/lease/rent agreements
– HELP debt
– Bank account statements – please give details for each of your accounts, including term deposits and shared accounts
– Rates notice or property valuation
– Details of investments
– Details of valuables
– Contracts and outstanding invoices
– Profit and loss statements.

Will the funds be available the same day?

We always aim to be as quick as possible with transferring funds to successful applicants. Depending on the time and day of the successful application, the funds may be available in the client’s bank account the same day or the next business day.

Do you offer fixed interest rates?

Yes, personal and car loans from Rapid Loans have a fixed interest rate outlined in your contract. This will vary depending on a number of factors such as borrower profile, loan product and principal amount.

Do you charge early repayment fees?

No, Rapid Loans does not charge any fees for early pay outs or additional repayments on top of the normal repayment schedule.

What is a p.a. comparison rate?

The comparison rate gives you a true understanding of the cost of the loan per year. In addition to interest rate charged, it factors in the cost of fees and charges, repayment frequency, loan term and loan amount.

What are personal loan interest rates?

Interest Rates: from 9.75%
Comparison Rates: From 22.95%
Establishment Fee: $400 (MACC) and $495 (LACC and car loan)
Monthly Administration Fee: $25 per month (for loans $8,000 or higher)
Dishonour Fee: $28
Early Termination Fee: $0
Minimum Loan Term: 18 Months
Maximum Loan Term: 60 months
Minimum APR: 9.75%
Maximum APR: 22%
Provider Fee: Based on borrower risk profile

Loan Example
A LAAC loan of $31,350 (inclusive of $1,350 broker fee charged only if a broker is involved) borrowed for 4 years with an interest rate of 15.95% per annum, would equate to a total amount payable of $46,084.80 (including an establishment fee of $495, provider fee of $1,300 and monthly administration fees of $25)..