Loans as they should be
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Borrow up to $45,000 for a range of loan purposes
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Simple online application
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Loan terms from 12 to 60 months
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No early repayment fees
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Fast finance – funds typically disbursed within 24 hours of approval
Learn more about our medium personal loans
At Rapid Loans, when you apply for a medium personal loan, you are applying for one of our secured personal loan products. Loan amounts from $2,001 to $45,000 are available, subject to our credit eligibility criteria and approval.
What is a medium loan?
A medium personal loan isn’t a specific loan product, but rather a term often used to describe borrowing an amount that’s larger than a small loan but less than a major finance commitment.
At Rapid Loans, our secured personal loans can be used for a range of eligible purposes, with loan amounts from $2,001 to $45,000, subject to our lending criteria and approval.
What do I need to know before applying for a medium loan?
Before applying for a personal loan, it’s important to understand your financial position and consider whether you can comfortably meet the repayments.
Take time to compare interest rates, fees, charges, loan terms and repayment amounts so you understand the total cost of borrowing. You’ll also need to have your identification, proof of income (such as recent payslips or bank statements) and details of your existing financial commitments available when you apply.
What can a medium personal loan be used for?
Rapid Loans’ secured personal loans can be used for a range of eligible purposes, including home improvements, household purchases, travel and unexpected expenses.
Before applying, consider whether the loan meets your borrowing needs and that you can comfortably manage the repayments.
Why choose Rapid Loans?
We’ve helped more than 50,000 Australians access finance through our online application process.
Our online application is designed to be straightforward, and for many applicants, it takes just a few minutes to complete. We also don’t charge early repayment fees on our secured personal loans, giving you the flexibility to make additional repayments or repay your loan early without early repayment fees.
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?
Designed for Simplicity
Our auto and personal loan products are designed to make borrowing simple, with flexible options for loan amount, loan term and repayment frequency.
Fast Online Application
Our online application takes just minutes, and our secure online portal makes it easy to upload your supporting documents quickly and conveniently.
Real People, Ready to Help
Our dedicated Customer Service team is here to help. From application through to settlement, we’re committed to making every interaction easy to understand and supportive.
50,000 Customers and Counting
We’ve helped more than 50,000 customers access finance. Our experienced team understands that life isn’t always straightforward and is here to support you throughout the process.
Explore Our Other Loan Types
Travel Loans
For your next dream holiday
Wedding Loans
For that very special day
Debt Consolidation
For making your life easier
Personal Loans
For when you want to start living
Medium personal loan questions
How are medium loans structured?
Rapid Loans offers secured personal loans from $2,001 to $45,000, with loan terms from 12 to 60 months and repayment options available weekly, fortnightly or monthly, subject to approval. Your approved loan amount, interest rate and repayment schedule will depend on the outcome of our assessment against our credit eligibility criteria and lending requirements.
Am I eligible for a medium personal loan?
Eligibility depends on your individual circumstances and our assessment against our credit eligibility criteria and lending requirements. We’ll consider factors such as your income, existing financial commitments and credit history. You’ll also need to be at least 18 years old, provide acceptable identification, and be an Australian citizen or permanent resident.
Do you offer medium loans at fixed or variable rates?
Rapid Loans offers fixed-rate secured personal loans. Fixed repayments can help make budgeting more predictable because your scheduled repayment amount generally remains the same over the life of the loan, provided your loan terms do not change.
Can I apply for a medium loan if I have average credit?
Having a less-than-perfect credit history doesn’t automatically mean you won’t be eligible to apply. Every application is assessed individually against our credit eligibility criteria and lending requirements, taking into account your current financial circumstances.
How quickly can I get a medium personal loan?
For many approved applicants, funds may be available on the same business day following approval and settlement, depending on the time of approval and your financial institution.
Hear from our happy customers
Learn how our loan system makes borrowing easy, quick, and hassle-free.