Melbourne’s favourite car loan provider.

If you are looking for a new car in Melbourne, a car loan from Rapid Loans can help you get into the car of your dreams or simply a more dependable vehicle. Our process for car loans in Melbourne is designed to be convenient and easy to understand.


Car Loans Melbourne

Feel the thrilling ‘Is this even my car?’ moment with a fast car loan from Rapid Loans. With turbocharged expertise and flexible loan options that won’t leave you in the dust, you can choose a car that’s made for conquering the urban jungle of Melbourne.

Rapid Loans offers online car loans from $5,000 to $40,000 and we make the process simple, fast, and secure. Apply online and our friendly, helpful car loans consultants will help you find a car loan solution that suits your needs. We can even grant up to 2 weeks of conditional pre-approval on your car loan.

Rapid Loans will help turn the car you’re thinking about into the car you’re driving. Whether at a dealer, or an auction, or parked on the street with a sticker in the window, wherever you find your next car, you’re going to need a car loan provider who will help you get it quickly.

A car loan is better called a ‘vehicle loan’ as it covers trucks, motorcycles, boats and caravans too. In getting a vehicle loan, a borrower can either apply for conditional pre-approval for a certain amount before they go shopping for a car, or they can find a vehicle, negotiate a price and then approach a lender to access the necessary funds.

If you are looking for a new car in Melbourne, a car loan from Rapid Loans can help you get into the car of your dreams or simply a more dependable vehicle. Our process for car loans in Melbourne is designed to be convenient and easy to understand.

Say you go car shopping in the morning and the find the car you want. It might be one of Australia’s favourite cars or it might be something a little different. Say the price is $10,000. With Rapid Loans, you can fill out our simple online form for the full amount. If everything in your application is in order, you can have your car loan approval within hours.

why choose rapid

Secured Loan Options

Rapid Loans only offer secured car loans, and a security interest will be held in your vehicle that you buy until completion of the loan repayment. Depending on income and other factors, we offer car loans between $5,000 and $40,000 to qualifying borrowers.

Flexible Repayment Terms

Rapid Loans provides some flexibility when it comes to repayment terms including the loan term and repayment frequencies. We take pride in offering choices to our customers and want to ensure that each person has a repayment structure that is comfortable.

Excellent Customer Service

Since we consider every customer a VIP, we are conscientious to treat everyone with the utmost respect, care and attention. We value our customers’ opinions and care about their individual experiences.

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.

How do I buy a car that is under financing?

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.

What is a p.a. comparison rate?

The comparison rate gives you a true understanding of the cost of the loan per year. In addition to interest rate charged, it adds the cost of fees and charges, repayment frequency, loan term and loan amount.

What loan terms do you offer?

Our loan terms vary from 18 to 60 months with loans ranging from $2,001 up to $40,000. 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 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.

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.

Does Rapid Loans have branches in Melbourne?

No, Rapid Loans doesn’t have branches in Melbourne. However, our secret lies in using the latest technology for our online car loan application which offers more speed, flexibility and convenience.

Our home is your home, and by that we mean you can apply from anywhere! As an online loan provider, we’ve been helping Aussies like you finance their vehicles since 2003.


Our simple online car loan application offers speed, flexibility and convenience – plus you won’t even have to get out of your slippers! From entering your requested loan amount to providing your supporting documents, everything is just faster when you work with Rapid Loans.


Get in touch with us today to learn more or apply online now.

Do you have to live in Melbourne to take out a loan?

Rapid Loans offers bad credit car loans all over Australia, so no matter where you are on the map, you’re welcome to apply and we’re ready to help!


Applying for one of our vehicle loans in Australia is simple, and there are just a few starting criteria:

  • Over 18 years old
  • Australian citizen or permanent resident
  • Earning some form of income


Our secure online portal makes it easy to upload your supporting documents online. No printing or scanning required! We’ll ask for your Photo ID, a few recent payslips or Centrelink Income Statements and a few recent bank statements, which can be sent straight to us through your online banking provider with just the info we need.


Got more questions? We’re here to help. Contact us today.

Do I have to use my loan to buy a car in Melbourne?

No, you don’t have to use your loan to buy a car in Melbourne. We’ve got your back whether you’re eyeing a zippy hatchback in Yarra Valley, a brawny 4×4 in Phillip Island or a sleek sedan in Geelong.


We offer Melbourne car loans from $5,000 up to $40,000 to help you turn the car you’re thinking about into the car you’re driving. Actually, it’s better called a secured vehicle loan as it also covers brand-new and second-hand motorbikes, boats, caravans, jet skis and more!

Do you offer other personal loan options in Melbourne?

Yes, Rapid Loans offers other secured personal loans for:



Our vision has always been to help Australians get the finance they need, for whatever they need! From a stunning overseas holiday to a ute for starting their dream business, we want to get you there.


We make the process convenient and easy, with an online loan application you can complete from anywhere in just a few minutes and a dedicated team right here in Australia to help you every step of the way.


Our fixed interest rates mean you won’t get caught out with changing repayments, and no fees on additional repayments mean you can manage your loan with flexibility.


We’re ready to help, so give us a call today or take the plunge and apply online now.