Accelerate your next purchase

Yes. Rapid Loans offers a secured vehicle loan that can be used to finance the purchase of an eligible vehicle from a private seller, subject to our lending criteria and approval. Whether you’re buying a used car from an online marketplace, a local advertisement or someone you know, our straightforward online application process makes it easy to apply for finance, subject to our lending criteria and approval.

As part of our lending process, we’ll assess both your application and the vehicle. This may include verifying ownership, completing a Personal Property Securities Register (PPSR) check to identify any existing finance or security interests, confirming registration details where required, and assessing the vehicle’s suitability as security under our lending criteria.

Eligible applicants can borrow between $5,000 and $45,000 with Rapid Loans’ secured vehicle loan product. Your approved loan amount will depend on factors including your financial circumstances, the vehicle being purchased and our lending criteria.

Once you’ve submitted your application and provided the required information, our team will assess it as soon as practicable. If approved and your loan settles, we’ll typically arrange payment directly to the private seller so you can complete your purchase.

Applying for a car loan with Rapid Loans is simple. Complete our secure online application, provide the required supporting information and details about the vehicle you’d like to purchase, and our team will assess your application. If your loan is approved and settled, we’ll arrange the transfer of funds so you can complete your purchase.

Yes. Rapid Loans’ secured vehicle loan can be used to finance eligible new and used vehicles purchased from a licensed dealer or private seller, subject to our lending criteria and approval.

All vehicles used as security for the loan must be comprehensively insured for the duration of the loan.

If you’re unsure whether a particular vehicle is eligible, our team can answer your questions and explain the application process.

A secured car loan is a type of vehicle finance where an eligible registered vehicle is used as security for the loan. In many cases, this is the vehicle being purchased, although another eligible registered vehicle may be accepted as security, subject to our lending requirements.

If a borrower does not meet the terms of their loan agreement, the lender may have rights in relation to the secured vehicle.

At Rapid Loans, all vehicle loans are secured. Our secured vehicle loans offer fixed interest rates, loan amounts from $5,000 to $45,000, flexible repayment options and a straightforward online application process, subject to our lending criteria and approval.

Applying for any type of credit, including a car loan, may affect your credit score. As part of the application process, Rapid Loans will conduct a credit check when assessing your application.

Making your repayments on time may have a positive impact on your credit history, while missed or late repayments may have a negative impact. Your application will be assessed based on a range of factors, including your financial circumstances and our lending criteria.

Rapid loans may be used to finance a wide range of eligible vehicles, including new or used cars, utes, SUVs, vans, motorcycles, caravans, or even watercraft. Vehicle eligibility is subject to our lending criteria.

Talk to our team today to find out more about our loan products and application process. 

Yes. Rapid Loans offers refinance options for eligible vehicle loans, subject to our lending criteria and approval.

Refinancing may allow you to replace your existing car loan with a new loan that has different interest rates, loan terms or repayment arrangements. Whether refinancing is appropriate will depend on your individual financial circumstances and the terms of your existing loan.

If you’re considering refinancing your current car loan, our team can explain how the process works and answer any questions you may have.

Yes. Rapid Loans offers a fully online application process, allowing you to apply from anywhere in Australia. Simply complete the online application, upload the required supporting documentation, and our team will assess your application and let you know if any additional information is required.

If you have questions at any stage of the application process, our team is available by phone or email to assist.

Rapid Loans offers flexible repayment frequencies, allowing eligible borrowers to make weekly, fortnightly or monthly repayments. Your repayment amount will depend on your approved loan amount, interest rate and loan term. You’ll know your repayment schedule before accepting your loan offer.

The most appropriate car loan will depend on factors such as your financial circumstances, the type of vehicle you’re purchasing and how much you’d like to borrow.

Rapid Loans offers secured vehicle loans from $5,000 to $45,000, with fixed interest rates and flexible loan terms and repayment frequencies, subject to our lending criteria and approval. If you have questions about our loan products or the application process, our team will be happy to help.

If you’re thinking about buying a second-hand car privately, it’s essential to check whether another Australian financial institution already holds any security against it. Rapid Loans can find out this information for you by running a PPSR check on the vehicle you want to purchase.

As the car you are purchasing acts as security for your loan, the seller will need to repay their finance company the balance of the loan held against the car before the sale can go ahead.

There are two ways to buy a car that is under finance:

1. The seller can obtain a payout quote from their financier, repay the outstanding amount and provide proof that the final payment has been made. The seller’s financier will then release the security on the vehicle;
2. If the seller is relying on the sale of the car to repay the lender, they can provide the official payout document to Rapid Loans, and we will disburse the funds straight to their lender as part of the new car loan. If there are additional funds from the sale left over after the original loan is paid out, those will then be disbursed to the seller.

It’s worth noting that you can’t transfer a car loan to another person as all licensed lenders must comply with ASIC’s responsible lending obligations regarding the provision of consumer loans.