Go Rapid Bad Credit Car Loans

Who says you don't deserve a car if you have bad credit?

Having bad credit makes accessing finance difficult, but luckily, there are still ways for bad credit borrowers to get the things they need. Go Rapid is one such lender that specialises in providing car loans to people whose credit history is less than perfect. Having access to a vehicle is a necessity for many people, and they so they offer specially designed loans that help those in need finance their vehicle purchase. Pre-approval is available and depending on your financial circumstances you can access financing for 100% of your vehicle's cost. Read more about a bad credit car loan from Go Rapid below, and see if it's the right loan for you.

From 4.5% (variable)

Interest Rate (p.a.)


Max Loan Amount

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Product NameRapid Finance Bad Credit Car Loan
Interest Rate (p.a.)From 4.5% (variable)
Interest Rate TypeVariable
Max Loan Amount$200,000

Smaller amounts you could borrow for you car loan

Whilst we don't compare Go Rapid Bad Credit Car Loans directly, here are some other loans that are similar.

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Credit24 Short Term Loan
4-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay. Centrelink borrowers are considered as long as Centrelink payments are not more than 50% of income.
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Ferratum Cash Loans
3 to 12 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.
Jacaranda Finance Personal Loan
9 to 24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.

Compare up to 4 providers

Six features to know about before you apply

  1. How much you can borrow. The amount you're able to borrow depends on your individual financial circumstances and the vehicle you want to finance, but amounts between $1,000 and $60,000 are available.
  2. When you need to repay your loan. Repayment periods of between one and ten years are available. These repayment periods are available in one-year increments, so there are plenty of repayment period options available to suit your needs.
  3. How you can repay your loan. Do you want to make repayments weekly, fortnightly or monthly? The choice is yours, so choose a frequency that works with your budget.
  4. Do you need a deposit? No deposit finance is available for certain applicants depending on their individual financial circumstances.
  5. What else can you finance with a loan from Go Rapid? Go Rapid offers a full suite of loan products to help you finance vehicles. They offer commercial hire purchases, chattel mortgages, finance leases and novated leases as well as consumer car loans. You can use these loans to purchase cars, boats trucks, caravans, equipments, jet skis and more.

So, you have bad credit. Are you eligible?

Go Rapid is a bad credit lender, and specialise in helping those with adverse credit history get the vehicle financing they need. Still, they don't offer this financing to every applicant. Take a look at the guidelines below to see if you might be eligible for one of their bad credit car loans:

  • You can apply if you are a discharged bankrupt
  • If you have defaults or repossessions listed on your file you can still be approved
  • Those with credit card defaults are considered by Go Rapid

What will a bad credit car loan from Go Rapid cost you?

In short, this depends on how much you borrow and how long it takes you to pay back. Costs include:

  • Interest rate. The rate you will be charged depends on your credit rating and your financial circumstances. Interest rates vary from 5% p.a. to 30% p.a.
  • Fees. Certain fees may apply to your loan and are dependent on your individual loan contract. Fees that may be charged include early repayment fees and establishment fees.

How to apply for a bad credit car loan from Go Rapid

Applying for a Go Rapid car loan is as easy as clicking 'Go to Site' — just use the criteria above to establish whether you're eligible if you have bad credit history. You'll then be redirected to an online application form where you have to provide the following information:

  • Personal details. You'll need to provide your name, contact information, date of birth and driver's licence number. You'll also need to provide an email address.
  • Financial information. What is your bankruptcy and Part 9 Debt Agreement status? Do you own a property outright or under a mortgage? What are your known defaults? You'll need to list these on your application.
  • Employment. You'll need to list your current work status, how long you've been employed there and your net pay after tax.
  • Vehicle details. Go Rapid will want to know whether you currently own a vehicle, whether you wish to trade in and whether you've been paying off a car loan in the last five years. In terms of the vehicle you wish to buy (if you know already) you'll need to list the vehicle's age, price and the amount you're providing as a deposit.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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    Default Gravatar
    November 10, 2015

    I’d like to trade my hyndi alantra 2001 for a twin cab hilux how much would I get for it

      Avatarfinder Customer Care
      November 11, 2015

      Hi Robert,

      As a financial comparison service this is a little outside the scope of our expertise – it really depends on the condition of the car you’re trading in and the person/car yard you are trading it to. Researching similar models and years on car sale sites might give you a good idea. Good luck with the trade-in!



    Default Gravatar
    July 16, 2015

    What bank does Go Rapid Finance use?

      Default Gravatar
      July 27, 2015

      Hi Jackie,

      Thank you for contacting finder.com.au, a financial comparison website.

      Go Rapid Finance work with a number of different lenders depending on the type of credit you obtain from them some these lenders include RACV, Macquarie, GE Money, Bankwest, Suncorp and more. If you would like more information please contact Go Rapid finance directly as they will be able to advise which lender they partner with for the credit you were wishing to obtain.


    Default Gravatar
    April 13, 2015

    Hi justwondering can someone on new start from centerlink can aloan with you guys if they have only them self to pay for?

      Avatarfinder Customer Care
      April 14, 2015

      Hi Nicole,

      Thanks for your question.

      On the Go Rapid application there is an option to list that your income/employment type of Centrelink, so you will be able to apply. Your suitability for the loan will be judged on your ability to meet the loan repayments. You might want to give Go Rapid a call to discuss your situation before applying.

      I hope this has helped.



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