Realise your dreams.
A Secured Personal Loan.

There’s more to secured personal loans than just cars! A secured personal loan can help you realise your dreams and make them a reality.

We are here to help

Secured Personal Loans

A secured personal loan can take you a step further to realising your dreams. Whether you want to fund your business start-up, your holiday or wedding, a personal loan can help you achieve your goal. Nowadays, personal loans come in different forms to meet the unique needs of different borrowers, unlike in the past when it was one-size-fits-all.

Here at Rapid Loans, we offer flexible secured personal loans via a time-saving application process so that you can access the funds you need, when you need them.

If you need a personal loan and you want it fast, trust us at Rapid Loans where our easy online loan application process takes the stress out of applying for loans. If you want a lender with industry experience and expertise in this field, as well as proven track records then Rapid Loans is your go-to lender. Once you apply for a personal loan with us and you’re approved, we will disburse your money as a lump sum so you can effectively finance your purchase while you pay back the loan amount in convenient weekly, fortnightly or monthly instalments.

We are confident you won’t find a more reliable, trusted, friendly, and efficient loan provider than us at Rapid Loans. You can enjoy a more cooperative, stress-free, and time-saving experience with us. We are driven by our commitment to offering fast, simple, and effective personal loan solutions, while providing a second to none customer experience.


Tailored Secured Loans

Here at Rapid Loans, we offer fast and reliable personal loans to people around Australia. We’re a responsible loan provider with 20 years of experience. We’re straightforward and trustworthy and with us, there are no hidden fees, long wait times, or other tricky complications.

Our Commitment to You

We are always committed to helping Australians get access to money just when they need it to maximise opportunities and attend to their financial needs, and also fund their desired lifestyle.

The Rapid Loans Difference

Unlike some bricks and mortar loan providers, you don’t have to actually hand over your asset to Rapid Loans in order to secure your loan. Just let us know what the value of your asset is, and we can structure a short term personal loan, secured against the value of your asset, and that suits both your payment needs and personal circumstances.

How it works

Apply Online

Complete our easy online application form. Don’t worry, we only need the important stuff to get you moving.

Upload Documents

Upload your important docs via our secure online platform. We’ll tell you what you need, and it only takes a few minutes.

We’ll Get In Touch

Your application will be reviewed and one of our friendly loan consultants will be in touch soon!

Receive Funds

If approved, have your funds faster than you can say Rapid Loans! If you applied in the morning, they could hit your account the very same day.

We are here to help you

Frequent Questions

Find the answers you are looking for by browsing through a number of questions we get asked a lot.

What is a secured personal loan?

A secured personal loan lets you borrow money from a lender, like Rapid Loans. Whether you want to fund your business start-up, a tropical holiday or an engagement ring, the possibilities are endless when it comes to achieving your goals with a simple and reliable source of credit!

You might have heard the term secured or unsecured loan in your research but here at Rapid Loans, we only deal with secured loans. If you’re not quite sure what that means, it’s a loan that’s secured by an asset that the lender has security over for the term of the loan. What this means is that if you don’t make repayments the lender could repossess and sell the asset. For example, you might take out a secured loan against a car and then use the car you’re purchasing as security.

You can start an online application for a secured personal loan now, it takes just minutes to complete.

When should I consider a secured personal loan?

Personal loans come in different forms to meet the unique needs of different borrowers and their financial situations so it’s never a one-size-fits-all approach here at Rapid Loans.

You might not realise it but secured loans are actually available for any loan purpose, not just for car loans. This means you could get a fast secured loan to cover unexpected expenses, make home improvements, cover education, book a well-deserved holiday and even consolidate your current debts. We are passionate about helping everyday Australians, just like you, bridge the gap and take opportunities that can help them accomplish their dreams.

Another perk of choosing a secured loan is that because it’s backed by an asset, there’s more accessibility if you’re self-employed, work part-time, are casually employed or have a bad credit history.

Rapid Loans offers a few different kinds of secured loans:

Secured wedding loans
Secured pensioner loans
Secured travel loans
Secured home renovation loans
Secured car loans
Secured motorcycle loans

What are the pros and cons of a secured personal loan?

There are a number of pros and cons when comes to taking out a secured personal loan.

The pros of a secured personal loan are that you may be eligible for a lower interest rate than a credit card as you’re using security for the loan. You may also have a better chance of approval, be eligible for a longer loan term and be able to borrow a higher amount depending on the value of your asset.

The cons of a secured personal loan are that you will need to have an asset that fulfils the requirements of your preferred lender and if you are unable to pay off your personal loan you may lose the asset. Unlike a credit card, your use of funds is restricted so if you take out a loan for a car then you can only use it to buy a car. Your loan approval may depend on the age of the asset and your individual situation while you’ll also need written consent from your chosen lender before you sell the asset.

It’s important to note that repossession can only happen if you are behind on your repayments, you’ve then been sent a default notice asking to repay the amount within 30 days and once those 30 days have passed and you still haven’t paid or arranged to pay. Obviously, this is a worst-case scenario. It’s also important to note that repossession and sale of the asset may not fully cover your loan balance and you may still have a balance left to pay.

How do secured personal loans word?

A secured loan allows you to access cash quickly. This means that if expenses come up or you see a great deal then Rapid Loans’ easy online application can be completed in just a few minutes. We also have a dedicated and friendly customer service team to guide you through the process if you need any help.

For the secured personal loan application, you’ll need to be at least 18 years of age and a permanent Australian resident with regular paid employment. The online process is straightforward that dodges unnecessary paperwork and delays, you’ll just need to show us:

– 100 points of ID proving your identity and that you’re over 18.
– Bank statements and proof of income or payslips to prove that you can pay off the loan.
– Proof of ownership of a motor vehicle.
– Details of your address and additional supporting documents.

Once you’ve completed your online application form, one of our personal loan consultants will get in touch with you as soon as possible to let you know of our decision. Depending on the time and day of the successful application, the funds may be in your bank account as a lump sum the same day or even the next business day! This means you can effectively finance your purchase with no lengthy paperwork and no face-to-face interactions, talk about a fast process.

You then repay the loan amount plus fees and interest in instalments, over an agreed period of time. Our repayment schedules are designed to fit your lifestyle whether that means paying in weekly, fortnightly or monthly instalments. All of our secured loans also offer fixed loan amounts with fixed interest over a fixed repayment term, so you know in advance exactly what your repayments will be.

What can I use as collateral for a secured personal loan?

One of the most popular ways to secure a personal loan is to use any registered vehicle as collateral such as a car, caravan, trailer, boat or jet ski. If you’re using a vehicle, it needs to be:

– Registered under your name.
– Comprehensively insured.
– Maintained in good working order.
– No more than 20 years old at the end of the loan.
– Valued to at least two-thirds of the loan amount.

If you’ve purchased the vehicle from a dealer then we may need to see a dealers invoice or a copy of the dealers bank deposit slip. If you’ve scoured MarketPlace or CarSales and are going with a private sale, you’ll need to provide a recent roadworthy certificate, a copy of the sellers drivers licence and proof of vehicle registration.  If you’re using your existing vehicle then we’ll need to see proof of vehicle registration..

Can I get a secured personal loan with bad credit?

You may be eligible for a secured loan even if you have a bad credit score as the collateral used can offer an extra layer of protection for the lender. We believe in giving you a fair go so we’ll listen to your story whether you’re a low income earner, a single parent, currently unemployed, a pensioner with bad credit or on Centrelink. We look at more than just your credit history and our experienced and friendly team assess everyone on their individual situation to see if you meet our lending criteria.

It’s important to remember that every loan application shows up on credit reports so if you’re after a fast secured loan then apply for a single loan with a single preferred lender. Multiple applications in a short period will result in multiple hard credit checks which will bring down your credit score and ultimately make it harder for you to be approved in the future.

If you’ve been approved for a secured personal loan and are looking for ways to improve your credit score then paying back your debt is the key to improving your credit score and report. You should also use a preferred lender, like us, who will ensure the loan you’re offered suits your affordability. At Rapid Loans, we practise responsible and trustworthy lending so we only approve your application if we believe you can repay the loan.

What can I use as security against the loan?

Along with a car, you can use other vehicles as security against a secured personal loan, these can either be pre-existing or one that you intend to finance with the borrowed funds, as in the case of a car loan.

The idea is that when you secure an asset to the loan there is less risk involved and generally less fees are needed to cover this risk.