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Secured loans are a loan guaranteed by an asset, like a car. This asset is used as security over the term of the loan so that you have a simple way to get some much-needed cash. If you’re in need of fast cash today, even if you’ve got bad credit, let us do the heavy lifting. With our simple online loan application and speedy approvals, you can get a secured loan in a matter of hours!*
Need secured loans for bad credit? You need Swoosh
Learn moreWhat is a secured loan?
A secured loan is a loan where an asset that you own, like a can or motorbike, is used to guarantee the loan. They are called “secured loans” or ”collateral loans” because of the security they provide for the lender. If the borrower doesn’t make their repayments, the asset can be possessed by the lender and sold to pay back the loan.
When can I get a secured loan?
At Swoosh we know that life can give us all sorts of unexpected challenges, and we want to help. You may want to apply for a secured loan for situations like:
Home improvements
Educational or training courses
Holidays and flights
Debt Consolidation
Travel and social plans that require extra cash
No matter the situation, we’re here to help provide you the best Secured Loans for your circumstance.
Can I get a secured loan with bad credit?
Yes, it is possible for you to receive a secured loan with bad credit at Swoosh.
We want you to receive the assistance you need, so we look at more than just your credit history. And we always assess everyone on an individual bases, looking at the ‘here and now’ of your financial situation.
We offer online cash loans after we evaluate your current bank statements and assess whether you have the ability to repay the loan. This way we are comfortable offering secured bad credit loans to those who have been impacted by their past. And we can get you the cash you need now.
Secured loans, bad credit, & responsible lending
At Swoosh, we believe in responsible lending, because we want the best for you.
We practise responsible and trustworthy lending, only approving your application if we believe you can repay the loan.
How to get a secured loan
It’s easy and fast to get a secured loan with bad credit. Because of our fast and highly secure systems, our process is hassle-free, free to apply, and entirely online. You could be getting the decision you need in an instant. We follow 3 simple steps:
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 electronically signed the contract, we’ll send the money directly to your bank account!
Since we’re 100% online, everything can be done from your tablet, computer, or mobile phone. What are you waiting for? Apply for a loan with Swoosh today.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Secured loan amounts
We offer secured loans from $2,200 to $5,000. Simply enter the amount you need on your application, and we’ll handle the rest.
Eligibility for secured loans Australia
Getting a secured loan with Swoosh is easy. If you meet these 4 requirements, you’re ready to apply today.
Be 18 years or older
Be a permanent resident or valid visa holder of Australia
Employed 3 months or longer
Own a vehicle registered in your name
Applications come with no obligation — they can be paused or stopped at any time.
What Swoosh customers love about our secured personal loans
With our quick approval process and friendly service, Swoosh customers appreciate:
- Our simple online application
- Fast approval with direct deposit
- 100% online service
- Our secure systems
- Flexible repayment schedules
- Transparent communication with no nasty surprises
Our structure for secured loans
At Swoosh, we’re different to other lenders, we’re upfront and honest about our cost structure and process.
| Secured Personal Loans | $2200-$5000 |
| Application Fee | $0 |
| Establishment Fee | $400 |
| Other Fees | $16 |
| Annual interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
Loan interest rates and dishonour fee
Swoosh interest charges are calculated daily on your outstanding balance. Your interest rate is fixed for the loan term and determined based on the outstanding balance.
If a scheduled payment is returned unpaid, a $35.00 direct debit dishonour fee may be issued.
Repayment options
At Swoosh, we like to make things stress-free. That’s why we offer flexible repayment schedules that align with your paydays. Repayments can be automatically set for weekly, fortnightly, or monthly payments.
Why choose Swoosh for secured lending?
We pride ourselves on having one of the fastest, easiest, most straightforward process. Rather than navigating through tons of paperwork and dodging hidden costs, Swoosh partners with you every step of the way to offer the best possible secured loans for your circumstance, quickly.
Swoosh will:
- Help you get back on track
- Provide the cash you need, when you need it
- Make the application as easy as possible
- Approve your loan within one business day
- Provide the funds on-time
- Keep all of your information safe through our secure online system
Got questions?
Contact us to get your questions answered, or to discuss your individual case.
**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.
FAQs
Is it hard to get a secured loan?
It’s simple, fast, and easy to apply and get approved for a secured loan with us. As long as we have all the information we need, you could be approved the same day you apply.
Secured loans vs unsecured loans
A secured loan uses an asset, often a car, as collateral for your loan. Whereas an unsecured loan does not use any type of asset as security. The increased risk to the lender means unsecured loans tend to come with higher interest rates.
Read more on the difference between secured and unsecured loans.
Can a secured loan help build credit?
Yes, a secured cash loan can help you build credit. Making repayments and settling your loan will help build a good credit score.
Testimonials
My refinance loan application was very easy and straight forward to navigate and complete and the prompt response to the application was very pleasing, very professional and with a fast turn around. Special mention going out to your staff member Coen for his prompt responses and professionalism in regards to my application.😊
Garry Capewell
My experience with Hannah and Kate was so great. They both helped me through with my application very respectfully and helped went through the steps to get me through to the final steps to assess my application. Swoosh. Finance is the best
numi
Ally has been spot on with her responses! Super and fast and reliable via email. She has been helpful throughout my application. 10/10 would recommend asking for ALLY if you choose to go with Swoosh.
Helen T
My experience with swoosh has been a good one. Stacey and Cohen have been very helpful towards helping me applying for a loan. I would recommend this services to my friends and family. I would defiantly come back in the future. Thanks swoosh team you guys have been very helpful.
Nai “Friszy01” Frisjina
Very happy with the help I got from the lady on the phone whose name was jade. Would like a bit more updates on the progress but all in all very happy with the people.
Michael Higgins
Great experience with this finance company over the years. They always do everything they can to help you and the turn around is very fast. Coyen is super helpful and a pleasure to deal with. His impeccable customer service and friendly nature is an asset to your business. Keep up the great work Coyen and Swoosh.
Jo Naisbitt
I’ve had a very stressful week and when I needed help I went to swoosh finance and they were swift to give me the helping hand I needed, Jelena was especially super helpful with quick responses and made the whole process very easy. Will definitely go through swoosh again 👍
Brendan Hedges
Jelena was great to deal with she was professional and made it all easy to understand. Would definitely recommend these guys again! ❤️
Kaitlyn Rea
Olivia was very helpful. Kept it simple for me to understand. Responded to my replies within minutes. 10 out of 10 for being professional and straight forward with what I needed to do. Have a good day!
Dino Mcpherson
I would like to thank Kate for her help today much appreciate her effort. She is very easy to deal with and very helpful.
Thank you
Graham Cowley
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
