Loans as they should be
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Borrow up to $50,000 for a range of loan purposes
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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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Fast finance – funds typically disbursed within 24 hours of approval
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
Dental Loans
For when you want to smile big.
Travel Loans
For your next dream holiday
Personal Loans
For when you want to start living
Used Car Loans
For when its time for that new car smell
Student personal loan questions
Who can apply for a student loan?
Anyone who is enrolled in an accredited Australian educational institution can apply for a student loan. This includes full-time and part-time students, as well as students studying online or through distance education. Students must be over 18 years of age, an Australian citizen or permanent resident, and meet the eligibility criteria set by the lender. This typically includes having a regular income or employment, as well as a good credit history. However, some lenders may offer loans to students with bad credit or no credit history, depending on their individual circumstances.
At Rapid Loans, we understand that every student’s financial situation is unique. That’s why we offer personalised loan solutions to help you meet your specific needs. Our loan terms and repayment options can be customised to fit your budget and schedule, so you can focus on your studies without worrying about financial stress.
Can I apply for a student personal loan from Rapid Loans if I have a bad credit history?
At Rapid Loans we understand that some students may have a bad credit history, which can make it difficult to obtain credit. However, at Rapid Loans we look at every application individually and make an assessment when we have all of your information. We look at a range of factors when assessing loan applications, including your income, employment status, credit history, and overall financial situation. Even if you have a bad credit history, you may still be able to secure a loan if you can demonstrate that you have the capacity to repay the loan.
We believe that everyone deserves access to financial assistance when they need it most. While we do take credit history into consideration when evaluating loan applications, we also look at other factors to determine whether or not the applicant is eligible for a student loan.
What can a student loan be used for?
Student loans can be used to cover a range of education-related expenses, including course fees, textbooks and equipment. The specific expenses that can be covered by a student loan will depend on the lender and the type of loan. Some loans may be restricted to certain types of expenses, while others may offer more flexibility. It is important to carefully review the terms and conditions of any student loan, to ensure that the loan is suitable for your needs. Having access to funds to cover these expenses can help reduce the financial stress that often comes with being a student.
How do student loans work?
At Rapid Loans, loans for students typically work by providing a lump sum of money to cover education-related expenses. The borrower then repays the loan over a set period of time, with interest and fees. The terms and conditions of student loans vary but typically include details on the loan amount, interest rate, repayment term, and any fees or charges. The application process for a student personal loan at Rapid Loans can involve providing documentation such as proof of income and enrolment in an educational institution. Once approved, the borrower will receive the loan funds and will be responsible for making regular repayments until the loan is fully repaid.
At Rapid Loans, a student loan is effectively a personal loan. Of course, we know you are using the loan for your expenses as a student but the way the loan works is the same as our personal loans. We offer secured personal loans at Rapid Loans, so that means when you take a student loan with us, we’ll need a security from you such as a car.