Secured Car Loans Melbourne

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.1

Rapid Loans now offers online car loans

Rapid Loans offers online car loans from $5,000 to $25,000 and we make the process simple, fast and secure. Apply online and our friendly, helpful car loans consultants will help you find a a car loan solution that suits your needs. We can even grant up to 2 weeks of conditional pre-approval on your car loan.

Not working full-time? No problem! You are welcome to apply for a car loan if you are:

  • Employed part-time or as a casual
  • A subcontractor or self-employed business owner
  • Receiving government benefits
  • On your learners permit


Car Loan Calculator

Use our simple car loan calculator to find out how much you can borrow towards your new set of wheels.

Loan amount

Please Select
  • $ 7,000
  • $ 8,000
  • $ 9,000
  • $ 10,000
  • $ 11,000
  • $ 12,000
  • $ 13,000
  • $ 14,000
  • $ 15,000
  • $ 16,000
  • $ 17,000
  • $ 18,000
  • $ 19,000
  • $ 20,000
  • $ 21,000
  • $ 22,000
  • $ 23,000
  • $ 24,000
  • $ 25,000

How often do you get paid?

Please Select
  • Weekly
  • Fortnightly
  • Monthly

Rapid Loans

How online car financing works

Say you go car shopping in the morning and the find the car you want. It might be one of Australia’s favourite cars – a Toyota Camry or HiLux, or a Mazda 3, or a Holden Commodore – 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.1

Apply for your next car loan

What is a secured car loan?

A secured car loan is a lending agreement where the asset acting as security for the loan is the vehicle being purchased. Because secured loans are safer for both the lender and the borrower, they offer better interest rates and lower fees. Unsecured car loans are quite uncommon.

Rapid Loans car loan facts

  • You must be able to show 3 months of continuous income and place of residence.
  • All kinds of government pensions and benefits can be conditionally accepted.
  • Weekly, fortnightly and monthly payment terms available.
  • All vehicles must be comprehensively insured for the duration of the car loan.

Car Finance Melbourne with Rapid Loans

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.

Call Rapid Loans on 1300 727 431 to discuss how you could be parking a new car in your driveway tomorrow.

Apply now for a rapid response

Car Loans Melbourne

Car sale

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.

How Our Car Loans Work

The car finance process is simple and includes these basic steps:

  • You apply for a car loan.
  • If you are approved, the funds are disbursed quickly.
  • You make payments until the car loan is fully paid.

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 $25,000 to qualifying borrowers. In addition to working with full-time and part-time employees, we also work with:

  • People who are subcontractors or are self-employed.
  • People who receive income from the government.
  • People with casual employment.

Why Use Rapid Loans? Features & Flexibility

We appreciate your business and realise that you have choices when it comes to car loan lenders in Melbourne. To express our gratitude to you for choosing Rapid Loans, we offer a variety of benefits. Our commitment to our customers is one of the reasons why we have been a premier choice for personal car loans in Australia since 2003. These are some of the main benefits of using our car finance services.

Easy Finance Application Process

Our car loan application is divided into simple steps with a convenient and easy online application process. We process the information quickly to give you a prompt decision. These are some examples of required documents that you will need to provide:

  • Recent online bank statements
  • Proof of regular income
  • Proof of residence

Fast Response

As long as the required supporting documents are included, we usually give you a decision on the car finance within 24 hours. If you’re not sure about what you need to provide or you don’t have it on hand, one of our friendly car loan consultants can give you a call to talk you through the process and answer any questions to keep your car finance application moving.

After finance approval, Rapid Loans will provide the funds as soon as possible. We are also quick to answer questions that you send us by email or through an internet enquiry form.

Tailored & Smart Finance Options

Loan Instruction

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. Our company may offer the following payment frequencies:

  • Weekly car loan repayments
  • Fortnightly car loan repayments
  • Monthly car loan repayments

Excellent Customer Support

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. Rest assured that we are dedicated to finding answers to your questions, doing our best to meet your needs and helping you through the process of getting a loan for your new vehicle.


We are pleased to offer a pre-approval decision that is good for two weeks. That way you are ready to pull the trigger on the right car when you find it and can offer a fast settlement with the seller.

Car loans

The pre-approval process is also simple and quick. Pre-approval is also nice to have if you are ready to start shopping and want to know how much money you can expect to spend. For example, you may find that you are pre-approved for $15,000, which means that you can shop for vehicles that are under that amount.

What Happens After Funding?

After you receive your loan approval, there are a few things that we require of you in addition to your timely payments. These are the main conditions to be aware of as you proceed:

  • You must keep the vehicle comprehensively insured until you finish repaying the loan.
  • If you move, you must notify us of your new address.
  • If you cannot make the repayments, you must contact us immediately.

Find the Right Car Loan Today

If you are ready to start looking for car loans in Melbourne, we are here to help. You can submit an online application if you are ready and have the necessary documents. If you have questions or concerns, you can reach out to us by these methods:

We look forward to hearing from you and appreciate the opportunity to serve you.



How do I buy a car that is under finance?

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 $25,000. 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.


Rapid Loans
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Alex, Sunshine West

I had a few unexpected bills to pay off and I needed a bit of extra cash fast. I couldn’t believe how quick the whole process was with Rapid Loans – from applying for some extra cash to actually getting it in my bank account. Now I can pay off my unexpected bills in my own time, knowing exactly how much my repayments are

Kim, Caloundra

We got to the stage where one car was just not enough for us with everything we needed to do during the week and on weekends. So I applied for loan with Rapid Loans to buy a second car and I couldn’t believe how easy and simple it was to secure the funds we needed. Our repayments are all structured and we know exactly how much we need to pay off and now we have the second car we desperately needed. Would I recommend Rapid Loans to friends or family? Well I already have!

Christina, Mawson Lakes

I needed some money to pay off two smaller loans and part fund a family trip to the Philippines. I was blown away by how fast and efficient Rapid Loans was, always keeping me in the loop during the process and making me feel like I was their only client. A big thank you to Rapid Loans for their excellent service

Katrina, Redan

When it came time to move into a new property, I knew if I saw something I liked, I’d need to come up with the money for a bond very quickly. So when I found my ideal property, I also found Rapid Loans online and it was an even quicker process to get the money I needed for the bond. I’d never borrowed money online before, but if you need cash quickly, I’d recommend Rapid Loans as your first click.


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