Accelerate your next purchase

A fixed rate car loan is a vehicle loan where the interest rate remains the same for the agreed loan term. This means your scheduled repayments stay consistent throughout the life of the loan, making it easier to budget.

Whether a fixed or variable rate loan is more suitable depends on your financial circumstances and preferences. A fixed rate loan offers repayment certainty because your interest rate doesn’t change during the loan term, while a variable rate loan may increase or decrease if interest rates change.

With Rapid Loans, your interest is fixed for the full duration of your approved loan term. The length of the loan will be determined as part of your loan assessment and are subejct to our lending criteria. 

Yes! Rapid Loans does not charge early repayment fees, even on fixed rate car loans. This means you can pay off your loan sooner if your circumstances change, without incurring additional costs. 

Simply complete our secure online application, provide the required supporting information and our lending team will assess your application. If your loan is approved and settles, we’ll arrange the transfer of funds so you can complete your vehicle purchase.

Eligible applicants can borrow between $5,000 and $45,000, subject to our lending criteria and approval.

Yes, you can get a secured online loan for buying both a second-hand car and a new car with Rapid Loans. We appreciate that the car market is a competitive one and the number of options available can quickly become overwhelming. But buying a car should be stress-free and exciting which is why Rapid Loans is here to help you with a loan for a used or second-hand car.

You might find that taking out a car loan to buy a brand new vehicle has a lower interest rate than purchasing a used vehicle.

Whether you’re using the vehicle for personal or business use, all vehicles must be comprehensively insured for the duration of the loan to ensure they’re protected, just in case the vehicle is damaged, in an accident, or is stolen.

Find the right car loan that suits your needs, budget and financial situation by getting in touch with one of our car loan specialists today.

Yes, like all forms of debt, taking out a car loan can affect your credit score. To avoid missed repayments or defaults being listed on your credit score, ensure you make your scheduled repayments on time. 

Rapid Loans can finance a range of eligible vehicles, including new and used cars, SUVs, utes, vans, motorcycles and other eligible registered vehicles, subject to our lending criteria.

Yes. Refinancing your current car loan can be a smart financial move. In the right cases, refinancing could help you secure a better interest rate in comparison to your original loan, reduce your payments and overall cost, or change your loan terms to better accommodate your financial position. We can provide you with more information so you can assess your options and determine whether refinancing is a good route to take.  

Yes. Our application process is completed online, allowing you to apply from anywhere in Australia at a time that suits you.

Rapid Loans offers weekly, fortnightly and monthly repayment options. Your repayment amount is determined by your approved loan amount, fixed interest rate and loan term.

The most suitable loan depends on factors such as your financial circumstances, the type of vehicle you’re purchasing and how much you’d like to borrow. Our team can explain the features of our secured vehicle loan and help you understand your options.

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.