In this article:
When you’re in a bind and need fast cash now, Loans Against Cars are a popular option. These secured loans allow you to receive funds using your car as collateral because it’s a valuable asset that you own.
Get a secured loan against your car without the hassle
Learn more
How do loans secured against cars work?
Looking for a secured online loan? Our process is simple. Fill out the application and show that you own a vehicle, like a motorcycle or car. Because you own your vehicle, you have access to more loan options, helping you get the cash you need today.
While some other loan companies will keep your car for the duration of the loan, Swoosh is different. You can still keep driving your car while you are paying off your loan.
3 step process for loans against cars
We like to keep life simple and stress-free with our quick and easy 3-step process.
1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. Approval of your loan is provided within 60 minutes of receiving your information (during business hours)*. The decision will arrive promptly — right in your inbox.
3. After approval, an offer is sent to you via email. Once you’ve signed the contract, we’ll send the money directly to your bank account!
Can I get a loan on my car?
We’re all about helping one another, and that’s why we only have 4 criteria for our loans against cars.
Loan against car eligibility
You must be:
At least 18 years of age
Be a permanent resident or valid visa holder of Australia
Employed for 3 months or more
The owner of a vehicle registered in your name
Apply for a loan today for a super speedy answer. Remember that applications can be paused or stopped at any time — there are no obligations resulting from the application.
Cost structure for loans against cars
At Swoosh, we give you all of the information upfront. Here are all of the details on our secured collateral loans:
Online cash loan amount | $2100-$5000 |
Application fee | $0 |
Standard establishment fee | $400 |
Other Fees | $16 |
Annual Interest | 47% (Comparison Rate 66.0347%)** |
Term length | 12 Months |
Flexible repayment options | Weekly, fortnightly or monthly (based on your paydays) |
Interest rate details
Our interest rates are fixed for the term of the loan — making things easy and straightforward. Rates are calculated daily on the outstanding balance.
Debit dishonour fee
A $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid. You must still continue to pay the usual interest charges as described.
Can I get a loan against a car if I have bad credit?
Yes, it is possible! Our car collateral loans are based on your current situation, not your past credit reports – this is why we offer bad credit loans.
After evaluating current bank statements we determine whether you have the ability to repay the loan. This way we don’t solely rely on a credit check – bad credit history follows thousands of Australians each year and we at Swoosh understand that this can happen to anyone. So if you’re able to pay off the loan now, you can borrow money against your car and get your cash flow sorted.
Not sure if you have bad credit? You can check your history and get your credit report for free!
Why get a loan against your car?
Swoosh customers find that getting a loan by using their car as collateral is perfect for situations like:
Family emergencies and expenses
School tuition and training programs
Upcoming weekend, holiday, or travel plans
Anything else that’s urgent and can be repaid later
The Swoosh difference
At Swoosh, we understand that unexpected events and emergencies happen that you’re unable to budget for in advance.
When you choose Swoosh for your loan, you benefit from these services:
- An easy online application that can be completed from a smartphone, tablet, or computer
- Super speedy loan approval (usually within 1 hour of receiving all your information during business hours)*
- Direct deposit of the funds into your bank account
- Flexible repayment options
- A 100% secure online process
- No hidden fees or nasty surprises
- Friendly and helpful customer care team
Our commitment to responsible lending
At Swoosh, we always practise reliable, responsible, and trustworthy lending. We share our cost structures upfront, and only approve applications when we know they can be repaid. Unlike other digital lenders, every application is reviewed by a professional (human!) assessor — always following responsible lending criteria.
No worries
We are here to help — not to add more stress. We communicate details up front and stay in touch with you throughout your loan term. And when you have questions, you can contact our easily accessible customer care team.
Personalised support
Our Customer Care team is trained to help people, no matter their circumstance.
If you have any questions or want to review your personal situation with a professional, contact us today.
Got questions?
Contact us to get your questions answered, or to discuss your individual needs.
*Speed of approval is conditional to receipt of all requested relevant documents/information.
**WARNING: This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Different terms, fees or other loan amounts might result in a different comparison rate.
Calculate your loan repayments
Paid back over?
Borrowing
0
Interest & Fees
0
Total to repay
0
Weekly Repayment
0
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. The above uses a comparison rate of 47% and upfront establishment fees of $416.
FAQs
How do I get a loan against my car?
With Swoosh, you can apply in minutes and get a small loan against your car whenever you need it.
Is the loan process online or in-person?
Our process for a loan against your car is 100% online. You can apply 24/7 to borrow some quick cash through our simple application form.
How to check if a car has a loan against it?
You can check if a car is being used as security for a loan in Australia by looking it up on the register of encumbered vehicles.
Can I get a loan against my car for personal use?
Yes, Swoosh offers secured small personal loans. And you can use your personal loan for anything you like!
Testimonials
Nathan Tivalu
Madison Coster
Sena Dire mulata
Julie Vaigafa
James Hocking
NUGGET gaming
Luke lee Boslem
Danz Mojae
Beau
Tanielle Oleary
Nookorn Young
farizzudin mohamad taib
Sam Blaschek
samantha french
jasmin andrews
Jay E
Cory Sims
Livia Faatiarau
Michael McQuade
PRISCILLA JANE
Sarah Tepuni
Holly Toolin
Carol Schobbe
Nikita Gorogo
adrian brewer
daniel s
darren archer
Jeralie Emnace
Kessy Tav
Hızır reis Reis
Steven Fitzgerald
Mia Toomey
Carol Woodcock
Derek Walker
Laura C
Grant Bottrell
Luke Wilson
V Vegh
Mark Atha
Nicki Bunn
Jason Stanford
The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist