Personal Car Loan Specialist

If you’re looking for a personal car loan online, make Rapid Loans your first click! Whether you’re looking for your very first car or upgrading to a new model, car finance doesn’t have to be difficult and complicated. We pride ourselves on providing our customers with second to none service and a stress free car loan experience.

With car loan amounts available from $5,000 to $25,000 and a simple online application, you’re not only choosing convenience, you’re also choosing a trusted Australian lender to finance your car. Rapid Loans is a secured lender, meaning that we use the car you’re purchasing as an asset on your loan – this is usual practice for car financing Melbourne and all other major cities & towns. We’ll even grant up to two weeks of conditional pre-approval to help you shop with ease.

Am I eligible for a car loan?

We strive to make our loans as accessible as possible, and we take your individual situation into account when assessing your car loan application.

You’re welcome to apply if you are:

  • Working full time
  • Working casually or part time
  • A subcontractor or self-employed
  • Receiving government benefits
  • A learner driver

How do I apply for a car loan?

  1. Hit ‘apply now’ and complete our easy 4-step online application
  2. Fast track your application by providing us with your documentation in a secure and simple to use platform
  3. One of our friendly consultants will be in touch soon!


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
  • $ 2,001
  • $ 3,000
  • $ 4,000
  • $ 5,000
  • $ 6,000
  • $ 7,000
  • $ 8,000
  • $ 9,000
  • $ 10,000

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 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 vehicle loans are quite uncommon.

Rapid Loans car loans 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 loan.

Personal Loans 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, 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

Rapid Loans Personal Car Loan

Car sale

If you want to buy a new vehicle, Rapid Loans offers personal car loans between $5,000 and $25,000. We help people who are buying cars from dealers, auctions or private sales. Also, we offer pre-approval for qualifying applicants. Let us help you get into the car you want.

How Our Car Loans Work

Our vehicle loans are secured, which means that Rapid Loans takes security in the vehicle. All applications are manually reviewed to ensure that applicants can make their loan payments. This review is a safeguard for both our clients and ourselves to ensure that our clients do not take on debt they cannot afford. If your credit profile, income and other documents show that you can afford the payments, we may approve your loan request.

We explain any important terms and fees and discuss a repayment schedule. Once you agree to them, you sign the loan documents.

These are the basic steps in the loan process if you’re approved:

  • We pay the dealer or seller the money for the car.
  • You make loan payments to us.
  • Once the loan is paid in full, the security is removed from your car.

These are a few requirements that we have with our secured personal loans:

  • While the loan is active, we ask that you notify us of a new address if you move.
  • We require you to keep the car comprehensively insured during the life of the loan.
  • You must make your repayments on time or notify us immediately if there is a problem with making a payment.

For repayment terms, we may offer monthly, fortnightly or weekly payment options. The repayment terms depend on what you can afford, the loan amount and other factors that we’ll be happy to discuss with you.

Who Can Apply for a Personal Loan at Rapid Loans?

Although it’s ideal to have a full-time job, you may still qualify if you have a part-time job. We also work with:

  • Casual employees.
  • Self-employed business owners or subcontractors.

One of our representatives can help guide you through the process if you have questions about how to provide documentation for alternative types of income.

How Our Car Loan Application Process Works

We’ve streamlined our online personal loan application to help you get a decision in a timely manner. We realise that a dealership or an owner may not hold a vehicle for you for a long time, which is why we strive to be quick. As long as the information that you submit is complete, we typically provide answers on the same day and funds as soon as possible after approval. These are the basic steps in the loan application process:

personal car loans

  • You fill out a personal loan application.
  • You submit your required documents.
  • We learn more about your desired purchase and required loan amount.
  • We promptly review the documents and consider your individual circumstances.
  • We either grant approval or do not grant approval.

If you’re approved for one of our personal loans, we’ll review the loan rules and fees with you. A personal loan representative can answer your questions about repayment structure and any other queries you might have.

Required Documents for Consideration

Incomplete loan applications will delay the process. Fortunately, our online personal loan application gives you prompts to let you submit your information in just four simple steps. It’s also secure and quick. In addition to basic information about yourself, these are the minimum documentation requirements:

  • Proof of residence for the last three months.
  • Proof of continuous and sufficient income for the past three months if you work.
  • Proof of sufficient income if you’re self-employed.
  • Proof of private benefits or government pension payments if you don’t work.
  • Identification documents

If you don’t have this information available now, contact your employer, payment source or bank to obtain it. You can submit the information to us securely online.

explaining personal car loans

Benefits of Personal Loans

The biggest benefit of a personal loan is that you have the necessary funds to get the car you want or a more reliable car that you need. Going without a car can make your commute to work longer or may hamper your social life. If you have kids, it may be harder to help them get to sports practices or other extracurricular activities without a dependable car. These are some other benefits of using a personal vehicle loan:

  • A car loan allows you to pay off the vehicle over time instead of all at once.
  • Making all your payments on time and completing the loan satisfactorily can help improve your credit rating.

Why Choose Rapid Loans for Car Loans?

We take pride in being open and honest with you about car loans and the lending process. Our representatives want to ensure that you’re signing a document for a car loan that you can afford and terms that you understand. These are the top benefits of working with Rapid Loans for your personal loan:

  • We offer tailored repayment options.
  • We can offer pre-approval for up to two weeks.
  • We have friendly and knowledgeable loan agents and customer support staff.
  • We provide quick responses and fast funding if you’re approved.
  • Our personal loan application process is simple and quick.

If you need help or have questions, we encourage you to contact us. These are the easiest ways to get in touch with Rapid Loans:

Since 2003, we have been a top choice for efficient personal loans for people in all parts of Australia. Please reach out to us to get started with your car loan application. We look forward to serving you!

Rapid Loans
Apply now for a Car Loan
Apply now for a Personal Loan

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

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!

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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