Loans as they should be
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Borrow up to $45,000 for a new or used vehicle
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Simple online application
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Loan terms from 18 to 60 months
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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 Sydney
Looking for a car loan in Sydney? Rapid Loans is here to help. With finance available for all kinds of cars, you’ll be zipping around the city streets or cruising down the highway in no time. Whether you’re looking for something fresh off the lot, or buying a car from a private seller or online platform, you’re going to want reliable finance to get you there. At Rapid, our car loans are designed to get you moving, fast.Â
Fast, Flexible Car Finance in Sydney
Sydney is a fast-paced city, with busy work commuters, school drop-offs, weekend road trips, and everyday general transport. Rapid understands the urgency and practicality that Sydney drivers need, which is why we’ve streamlined our process to keep it quick and easy for our customers. Our online application tool is simple and easy to use, prompting you to upload relevant documents that we need to assess your profile, minimising the back and forth that can often occur. Of course, if you have questions or need support, our friendly team is just a phone call or an email away. Whether you’re in Parramatta, Penrith, Campbelltown, Chatswood, the Inner West, or anywhere across greater Sydney, you can apply for a car loan from anywhere in the state.Â
Loan Options for New and Used Cars in Sydney
Rapid’s auto loans provides secured loans for both new and used vehicles. We can provide finance for new purchases from dealerships or second-hand sales from private sellers or online listings.Â
Buying new from a dealership is ideal if you want a modern and reliable vehicle that has the latest technology and safety features. These generally have lower maintenance and repair costs, and you get the added benefit of manufacturing warranty in case anything goes wrong. Used cars are another popular choice for people across Sydney. They are generally lower in cost and retain value better than brand new vehicles, and you won’t have the long waiting periods that can be common when buying new. Â
Whether you decide to go new or used, Rapid Loans can assist eligible borrowers with fast finance that gets the deal done.Â
How to Apply for a Car Loan in Sydney
Applying for a secured car loan with Rapid is fast and convenient. We’ve made the process 100% online so you don’t have to waste time travelling to an office or waiting for an appointment. Here’s how quick the process is:
- Apply online: Use our online application tool to submit your application. It will prompt you to upload all relevant documents so we can create a profile and assess your claim.Â
- Fast assessments: Our team will review your application and be in contact with you typically within 24 to 48 hours. If you’re eligible, you can get two weeks of conditional pre-approval so you can go car shopping with a budget in mind.Â
- Final approval and funding: If approved, funds are typically disbursed straight to the seller to finalise your car purchase so you can get organised to drive away sooner.
Secured Car Loans vs Unsecured Car Loans
If you are in the early stages of researching loans, you have probably come across secured and unsecured loans. Knowing the difference is important for your circumstances as there are advantages and disadvantages to both.Â
Secured loans require you to offer an asset as security for the loan. All of our Rapid loans are secured, where we require you to offer a registered vehicle as collateral. This is typically the car you are purchasing, which is why we’ll ask for the vehicle details prior to finalising your contract.Â
Unsecured loans don’t require any security to secure your loan. While some people prefer this option, it can mean higher interest rates, stricter eligibility requirements and lower loan amounts, because the transaction has greater risk.Â
Most of our customers in Sydney and across Australia find secured loans to be a convenient option to finance their car purchase.Â
Why Choose Rapid Loans for Your Sydney Car Loan
Rapid Loans has been helping Australians finance cars for over 20 years, and we’re proud to offer finance that is simple and straightforward, with customer service that is second to none. Sydney borrowers choose us because our application process is fast and 100% online, and we can offer flexible repayment terms that work for your lifestyle and circumstances. Partner with a finance team who’ll support you from pre-approval to settlement and beyond.Â
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. We’ll Get In Touch
Your application will be reviewed and one of our friendly loan consultants will be in touch soon! We’re 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
We’ve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isn’t always straightforward.
Explore Our Other Loan Types
Motorcycle Loans
For the times you want to rev your engine
Personal Loans
For when you want to start living
Boat Loans
For feeling the wind in your hair
Used Car Loans
For when its time for that new car smell
Auto loan questions
What documents do I need to apply?
During your application, you will be required to upload a proof of identity (driver’s licence or passport), proof of income (payslips or bank statements), details of current financial status and information about the vehicle you are purchasing (if already selected). Providing clear documentation upfront helps ensure your application is processed as quickly as possible.Â
What amounts can I borrow for a Sydney car loan?
Depending on your financial profile, we offer loans ranging from $5,000 to $45,000. Our team will review your application and can provide two weeks of conditional pre-approval to eligible borrowers, so you can go car shopping with a figure in mind.Â
Can I buy a car that’s still under finance?
In some cases, yes. We may be able to help refinance or pay out the existing loan as part of the new secured arrangement. This depends on the outstanding balance and vehicle value. Our team can guide you through the available options.Â
What loan terms do you offer?
Our loan terms vary from 18 to 60 months with loans ranging from $5,000 up to $45,000. 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.
Does Rapid Loans have branches in Sydney?
No, Rapid Loans doesn’t have branches in Sydney but we’ve still got your back. Our secret lies in our turbocharged online application which cuts out time consuming physical paperwork or complicated document transfers.
The best part is that whether you’re surfing Bondi Beach or getting up close with koalas at Taronga Zoo, Rapid Loans is just a click away.
Since 2003, Rapid Loans has been giving drivers like you the green light on their car dreams so get in touch with us today for a fast Sydney car loan.
Do you offer other personal loan options in Sydney?
Yes, Rapid Loans offers other secured personal loans for:
There are so many advantages to getting a cash loan with Rapid Loans, from the hassle-free application process to the convenience of talking with one of our Australian loan consultants within 24 business hours. Our fixed interest rates also mean that your repayments won’t catch you off guard and there are no pesky fees for early payouts or additional repayments.
Our friendly team is ready to assist you in finding the right loan type for your specific needs, making the process of navigating life a breeze.
Do I have to use my loan to buy a car in Sydney?
No, you don’t have to use your loan to buy a car in Sydney. We’ve got your back whether you’re eyeing a muscle car from Batemans Bay, an electric vehicle from Newcastle or a luxury cruiser in Wollongong.
We offer Sydney car loans from $5,000 up to $45,000 to help you turn the car you’re thinking about into the car you’re driving. The best part is that it’s not only for cars, our secured vehicle loans cover shiny new motorbikes, caravans for epic road trips, jet skis that scream adventure and more!
Do you have to live in Sydney to take out a loan?
No, you don’t have to live in Sydney to take out a bad credit car loan with Rapid Loans. We’ve actually got the whole of Australia covered whether you’re in Adelaide, Brisbane or Darwin.
To apply for a vehicle loan anywhere in Australia, you’ll need to be over the age of 18, either an Australian citizen or a permanent resident, and earn some form of income. You’ll need documents to back this up of course, but these can be uploaded online using our simple and secure portal. We’ll just need a copy of your driver’s licence, two payslips and a recent bank statement.
If you’ve got questions, let us take the wheel and we’ll guide you through the application process.