Unlock life.
Quick & easy loans that fit your lifestyle.
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 Give You A Fair Go
Lacking Good Credit History
Some of us are starting out and some of us are starting over. Whatever the case, your credit history might be a little patchy or even non-existent. That’s cool! We’ll give you a leg up or a second chance to get you going.
Discharged From Bankruptcy
Bankruptcy can sometimes feel like the end. At Rapid Loans we treat it as a fresh start. So, whether you’ve been bankrupt in the past or just recently discharged, we’re here to see how we can help you back on your way.
Credit File Defaults
No sweat. Rapid Loans looks at all applications with a fresh eye. We know life happens, so we assess your application as a whole.
Frequent Questions
Find the answers you are looking for by browsing through a number of questions we get asked a lot.
What types of loans do Rapid Loans offer?
Rapid Loans offers a variety of loans to cover all your personal and vehicle needs.
Car Loans
We’ll help you turn the car you’re thinking about into the car you’re driving, whether it’s at an auction, dealer or parked on the street with a sticker. Rapid Loans offers online car loans from $5,000 to $55,000 so now is the time to find out how we can get you from A to B.
Personal Loans
Rapid Loans offers secured personal loans to help you manage unexpected expenses, cover wedding costs, purchase new furniture and so much more! It’s important to find the right personal loan that aligns with you and your circumstances, so check out what a personal loan could possibly cover.
Debt Consolidation Loans
Sometimes debt can add up before you know it, so Rapid Loans can help you with a debt consolidation loan that has competitive rates and flexible terms. Find out how you can consolidate your credit cards or other debts and get control of your finances today!
Travel Loans
Whether you’re dreaming of jetting off on a tropical escape or hitting snow-covered slopes, let money worries be a thing of the past with a travel loan from Rapid Loans. We offer fast travel loans for loan amounts up to $55,000 with a streamlined application process that takes just a few minutes.
What loan terms does Rapid Loans offer?
Rapid Loans offers loan terms that vary from 24 to 60 months with loans ranging from $2,001 up to $55,000. Please note that this also depends on the product, loan amount and other personal factors.
What do I need to apply for a loan?
When you apply for a loan, there are a few things we need from you to support your application. The three basic things we need you to supply when applying for a loan are:
– The amount of money you are requesting
– Your Identification Documents (i.e. Drivers License)
– Your Income Documents (i.e. payslips or Centrelink Income Statement)
Does Rapid Loans offer fixed interest rates?
Yes, Rapid Loans offers fixed interest rates for car and personal loans which will be outlined in your contract if you are approved. This varies depending on a number of factors such as your 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 regular repayment schedule. If that’s not a win for your wallet, we don’t know what is!
Will funds be available the same day?
We always aim to be as quick as possible with transferring funds to successful applicants so your funds may be available on the same day. Please note that this depends on the time and day of your successful application which means your funds will either be available on the same day or the next business day.
What are personal loan interest rates?
Interest Rates: from 12.95%
Comparison Rates: From 16.27%
Establishment Fee: $400 (MACC) and $495 (LACC and car loan)
Monthly Administration Fee: $25 per month (for loans $8,000 or higher)
Dishonour Fee: $28
Early Termination Fee: $0
Minimum Loan Term: 24 Months
Maximum Loan Term: 60 months
Minimum APR: 12.95%
Maximum APR: 22%
Provider Fee: Based on borrower risk profile
Loan Examples
Loan example 1:
Where the borrower has a “Diamond” class risk profile. A secured personal loan or car loan of $55,000 for a term of 5 years has a total repayment of $80,358.66 including all applicable fees and interest of $25,358.66. The minimum loan term is 24 months, and the maximum loan term is 60 months. The comparison rate, based on a secured loan of $55,000 for a term of 5 years, for the diamond loan product is 16.27%.
Loan example 2: Where the borrower has a “Diamond” class risk profile. A secured personal loan or car loan of $30,000 for a term of 5 years has a total repayment of $46,401.40 including all applicable fees and interest of $16,401.40 The minimum loan term is 24 months, and the maximum loan term is 60 months. The comparison rate, based on a secured loan of $30,000 for a term of 5 years, for the diamond loan product is 18.93%.
Loan example 3: Where the borrower has a “Diamond” class risk profile. A secured personal loan or car loan of $10,000 for a term of 3 years has a total repayment of $15,460.70 including all applicable fees and interest of $5,460.70 The minimum loan term is 24 months, and the maximum loan term is 60 months. The comparison rate, based on a secured loan of $10,000 for a term of 3 years, for the diamond loan product is 31.414%
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.