Loans as they should be
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Borrow up to $50,000 for a new or used vehicle
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Simple online application
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Loan terms from 2 to 5 years
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No early repayment fees
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Two weeks conditional pre-approval
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Fast finance – funds typically disbursed within 24 hours of approval
Learn more about Car Loans Melbourne
Melbourne’s favourite car loan provider.
If you are looking for a new car in Melbourne, a car loan from Rapid Loans can help you get into the car of your dreams or simply a more dependable vehicle. Our process for car loans in Melbourne is designed to be convenient and easy to understand.
Car Loans Melbourne
Feel the thrilling âIs this even my car?â moment with a fast car loan from Rapid Loans. With turbocharged expertise and flexible loan options that won’t leave you in the dust, you can choose a car thatâs made for conquering the urban jungle of Melbourne.
Simple & Easy Car Loan Application For Up To $55,000
Rapid Loans offers online car loans from $5,000 to $55,000 and we make the process simple, fast, and secure. Apply online and our friendly, helpful car loans consultants will help you find a car loan solution that suits your needs. We can even grant up to 2 weeks of conditional pre-approval on your car loan.
Rapid Loans will help turn the car youâre thinking about into the car youâre driving. Whether at a dealer, or an auction, or parked on the street with a sticker in the window, wherever you find your next car, youâre going to need a car loan provider who will help you get it quickly.
Convenient & Easy to Understand Vehicle Loan Application Process
A car loan is better called a âvehicle loanâ as it covers trucks, motorcycles, boats and caravans too. In getting a vehicle loan, a borrower can either apply for conditional pre-approval for a certain amount before they go shopping for a car, or they can find a vehicle, negotiate a price and then approach a lender to access the necessary funds.
If you are looking for a new car in Melbourne, a car loan from Rapid Loans can help you get into the car of your dreams or simply a more dependable vehicle. Our process for car loans in Melbourne is designed to be convenient and easy to understand.
Say you go car shopping in the morning and the find the car you want. It might be one of Australiaâs favourite cars or it might be something a little different. Say the price is $20,000. With Rapid Loans, you can fill out our simple online form for the full amount. If everything in your application is in order, you can have your car loan approval within hours.
How It Works
1. Apply Online
Get started with our simple online application and be on your way in just a few clicks! Our secure online platform keeps your information safe.
2. Weâll Get In Touch
Your application will be reviewed and one of our friendly loan consultants will be in touch soon! Weâre here to help.
3. Receive Funds
We take our commitment to being fast seriously! If you applied in the morning and were approved, your funds could be available the very same day.
Why go with Rapid for your loan?
Loans Tailored to You
Our auto and personal loan products were created with our customers in mind. We live in the real world too, so we created flexible loan solutions to suit most circumstances.
Quick and Easy Process
Our online application takes just minutes and our secure online portal allows you to upload your essential documents quickly and conveniently.
Personalised Service
Like everything at Rapid, we make sure dealing with our professional customer service representatives is straightforward and simple. We’re here for you!
Trusted Lender
Weâve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isnât always straightforward.
Explore Our Other Loan Types
Used Car Loans
For when its time for that new car smell
Debt Consolidation
For making your life easier
Car Loans
For your new or used car purchase
Caravan Loans
For when it’s time to hit the open road
Auto loan questions
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 adds the cost of fees and charges, repayment frequency, loan term and loan amount.
What loan terms do you offer?
Our loan terms vary from 24 to 60 months with loans ranging from $2,001 up to $50,000. This will depend on the product, loan amount and other factors.
What is a balloon payment?
A balloon payment is a significant extra payment made on your loan that is greater than your normal repayment. A balloon payment can be made at any time of the loan term and will reduce the loan term and interest charges for that loan. We do not require balloon payments at Rapid Loans, however the option is available to you to make extra repayments without incurring any fees.
What does pre-approval mean?
Applicants are able to apply for pre-approval for finance before making an offer for a car. Pre-approval means that the applicant has already gone through the application process and has been found that they satisfy the criteria to get a loan of a specific loan amount. This gives the applicant to the reassurance that they can afford a car within a specific budget. When the applicant has found a car to purchase, the loan application can be finalised with any conditions being met to receive final approval, contracts signed and funds disbursed.
Do you charge early repayment fees?
No, Rapid Loans does not charge any fees for early payouts or additional repayments on top of the normal repayment schedule.
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.
How do I buy a car that is under finance?
When you are buying a second-hand car privately, it is essential to check whether a finance institution holds any security against it. We can find out this information 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 original finance company before the sale can go ahead. There are two ways to do this.
The first is that 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 second way is that if they are relying on the sale of the car to repay the financier, then they can provide the official payout document to Rapid Loans and we will disburse funds straight to their financier as part of the new car loan. If there are additional funds from the sale leftover after the original loan is paid out, those will then be disbursed to the seller.