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 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 keep driving your car while you are paying off your loan.
With Swoosh, it’s only 3 steps
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.
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.
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 | $2000-$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.
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.
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.
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.
When you have questions, you can contact our easily accessible customer care team.
Frequently asked questions
Check out our FAQs and make sure all of your questions are answered.
You can also read our Swoosh Money Blog for inspiration, motivation and friendly tips on effective finance management.
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.
Thank you so much tor giving me the chance! Nearly gave up! I really appreciated it! God bless
Jeralie Emnace
Great service been with them for a while. When I was stressing about urgent money I randomly had a text saying I can re-finance they came through same day without hesitation. Extremely thankful with their quick & helpful service A+++++
Kessy Tav
Excellent service, while others give 500 dollars so hard, Swoosh finace is 10 times better than them, thank you again Swoosh, the money was in my account within 1 hour 😜
Hızır reis Reis
Very accommodating, will do their best to set you on the right track, and find the best loan for you!! Thanks Swoosh Team!! You saved me…
Steven Fitzgerald
I’m happy I got approved (not for the amount I needed) but easy application and very responsive to questions and concerns. Easy and affordable repayments.
Mia Toomey
Understanding when I couldn't get files downloaded onto PDF, were happy to wait for my son to do it. Thanks again
Carol Woodcock
Good friend lily people an quick approval
Tony Mudge
Awesome finance swoosh is the best out there can't wait to get another loan from them it's so cheap
Derek Walker
Greatest company to deal with!!
Renae Bowerman
Great company to deal with. Response time excels to other companies. Would highly recommend. Thank you
Laura C
Swoosh I have been VIP for 5 years or so .always easy to deal with end never fail me good work again swoosh 👍🏽👍🏽
Grant Bottrell
Was great to work with was told it would be 24 hours before I found out as was the end of the day .
By 7pm I had a contract to sign, I signed it and money was in the bank within 10 minutes.
Thanks
Luke Wilson
I recommend this company.
muni howard
Been a swoosh customer for years. Love the fact that every 6 months I can top up my loan should I choose too. Very easy application, everything done online
V Vegh
Excellent start to finish experience.
The regular communication and updates provides certainty to the process leaving the borrower with the feeling that all is being done to provide a positive outcome.
Mark Atha
They took the time to look at my application and gave me options. Only thing I don’t like as an existing customer is if u wanna pay extra off ur loan or increase your repayments they charge u a fee
Nicki Bunn
Maria Cabrera
Dimitrios Velingos
Great quick service, was able to top-up after 6 months of regular payments, same day approval and money in account.
Jason Stanford
Been with swoosh for a few years now and they are a awesome company to deal with. Never had a problem with them at all.
Karyn Quinn
Tracey Grounds
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Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
