Rapid Finance Bad Credit Loans

Don't let your bad credit history hold you back. Rapid Finance can give you access to the credit you need.

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Rapid Finance

GoRapid provides a host of loans for customers who might have a bad credit history and are not able to get the loans elsewhere. These loans include car loans, personal loans, bike loans, boat loans, equipment loans and more. Having a bad credit history does not mean you need to get disheartened and stop looking for your ideal loan option. Rapid Finance claims to be a bad credit loan specialist who works on providing flexible eligibility criteria to give customers quick access to cash.

Compare Other Bad Credit Loans

Whilst we don't compare this loan directly, here are some other loans that are similar.

Updated December 12th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
15% of loan amount + 3% of loan amount each month
Finder Exclusive: 25% discount on the establishment fee (now 15%) and monthly fee (now 3%)
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Sunshine Short Term Loans
9-12 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 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
Safe Financial Small Loan
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Fair Go Finance Small Loan
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
Speckle Small Loan
3 to 12 months
1 business day
10% of loan amount + 2% of loan amount each month
A small loan up to $2,000 from a lender backed by NAB. Transparent eligibility criteria and competitive costs.

Compare up to 4 providers

Types of Rapid Finance loans

GoRapid provides a wide variety of bad credit loans. Depending on what you're looking to finance, you might want to consider applying for their:

  • Bad Credit Car Loans. If you're looking for finance for a vehicle but have bad credit, you can apply for one of these loans. Enjoy a free finance assessment and loan options such as chattel mortgages novated leases, consumer car loans and commercial hire purchases.
  • Bad Credit Home Loans. Home loans for those with bad credit can be accessed through Rapid Finance. First home buyer, refinance, investment and commercial are available.
  • Bad Credit Personal Loans. Aren't looking to purchase an asset with your loan? Personal loans for bad credit applicants are also on offer. There are no penalties for extra repayments with these loans, helping you to save on interest if you're able to repay your loan early.
  • Bad Credit Leisure Loans. Finance for bikes, boats, jet skis and caravans can be found under the tailored 'leisure loan' umbrella. As with most Rapid Finance loans, bad credit borrowers are considered.
  • Bad Credit Equipment Loans. Applicants, including those with less-than-perfect credit, can apply for finance for trucks, 'yellow goods' and other equipment, which can help your business get the tools it needs to keep going.

The features you can expect when you borrow

  • Bad credit considered. One of the biggest stumbling blocks in getting a loan is having a negative mark on your credit file. This can make it difficult to be approved for loans from a vast majority of lenders. However, Rapid Finance will look at your current financial circumstances while considering you for a loan, looking beyond any bad credit you might have run into.
  • Wide variety of loans. They provide loans for different purposes, including to finance a boat or a vehicle, to buy a home, a caravan or even a bike. This essentially makes them a one stop shop for most bad credit financing requirements.
  • Repayments. You'll have between one and seven years to repay your loan, and you'll be given a rate based on your application. You can make weekly, fortnightly or monthly repayments.
  • Fee structure. The fees for loans is based on individual circumstances. This allows you to get loans for attractive terms if you can meet the requirements, such as if you have a property in your name or if you can provide any other security.
  • Free assessment. The preliminary assessment is free of charge. A quote is provided after the assessment if it is found that financial assistance can be provided. The services up until this point are provided without any cost attached to them.

What you'll pay when you take out a loan

Fee and charges vary according to individual applications and the type of loan taken out. The initial assessment of the application is done free of charge. After a quote is provided, there might be certain fees charged depending on the loan. If a valuation of the secured property is required, the costs attached to it may be included in the fees.

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How to apply for a loan from Rapid Finance

If you would like to apply for a loan, you can start filling the application form by clicking ‘Go To Site’ on this page. This will redirect you to an online application which needs to be filled. Keep in mind you need to be over the age of 18 to apply. Have the following details on hand to submit your application:

  • Personal details. These include your name, date of birth, contact number and driver's licence number.
  • Financial details. If you've been bankrupt or in a Part 9 Debt Agreement, you'll need to list your status. You also need to list any property you own outright or under a mortgage, as well as any defaults you have.
  • Employment details. Your current work status, how long you've been at your current and previous job and your net pay after tax will need to be listed.

GoRapid can assist you in getting your dream car or finding the ideal loan if you have bad credit. They provide a quick and competitive service that can be very useful for customers looking for immediate financial assistance.

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Frequently asked questions

I have been denied a loan by a couple of lenders. Will I be successful in getting a loan from Rapid Finance?

Every organisation has different credit criteria for various loans. Rapid Finance specialises in bad credit loans and instead of looking at prior results, they assess all applications on their individual merit. Whether or not you are approved will depend on your financial situation and your ability to meet your loan repayments.

Are there any charges for the services provided by Rapid Finance?

Rapid Finance provides their services free of charge until the point of providing a quote. The initial assessments for most of the loans do not require any cost or charges from the applicants. Only after a loan is accepted by you do the fees for that respective loan need to be paid.

What interest rate will apply to my loan?

Rapid Finance offers various rates. The actual interest rate that will apply to your loan will depend on your individual financial circumstances and the information you supply in your application.

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Personal Loan Offers

Important Information*
Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required. Note: Applicants approved before 31 December 2019 will receive a special offer $200 Coles Gift Card.

Logo for Westpac Unsecured Personal Loan
Westpac Unsecured Personal Loan

You'll receive a fixed rate of 11.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments.

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31 Responses

  1. Default Gravatar
    SuzanneMay 2, 2017

    Can I possibly get a loan from you as a self funded retiree I urgently need $15000?

    • Avatarfinder Customer Care
      HaroldMay 2, 2017Staff

      Hi Suzanne,

      Thank you for your inquiry.

      Our company finder.com.au is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages.

      If you would like to apply for a loan from Rapid Finance, you can start filling the application form by clicking ‘Go To Site’ on this page. This will redirect you to an online application which needs to be filled. Keep in mind you need to be over the age of 18 to apply. Should you need to discuss your eligibility you need to get in contact with Rapid Finance directly.

      I hope this information has helped.


  2. Default Gravatar
    garyFebruary 13, 2017

    can i borrow 3000 on newstart

    • Avatarfinder Customer Care
      DeeFebruary 13, 2017Staff

      Hi Gary,

      Thanks for your question.

      Rapid Finance considers some form of Centrelink benefit as income. You can get in touch with Rapid Finance directly to confirm your change of approval.

      Alternatively, you may also check this page for other lenders that may consider you for a loan.


  3. Default Gravatar
    ThelmaAugust 23, 2016

    I am a pensioner and need a loan to consolidate my debt in order to have only one payment to make instead of several.

    • Avatarfinder Customer Care
      ElizabethAugust 24, 2016Staff

      Hi Thelma,

      Rapid Finance offers personal loans and you may be eligible depending on how much you earn from the pension and your financial situation. If you need to discuss your eligibility you should get in contact with Rapid Finance directly.

      If you find you aren’t eligible, you can find some of your other options on this page.

      I hope this helps,


    • Default Gravatar
      EricaJanuary 9, 2017

      Hi I need to apply for a loan of $400

    • Avatarfinder Customer Care
      MayJanuary 9, 2017Staff

      Hi Erica,

      Thank you for your inquiry.

      For a small personal loan between $100 and $2,000, please compare your options on this page. Please review the criteria and once you’ve found a loan you’re eligible for and you wish to apply for, please click on the ‘Go to site’ button to apply on the lender’s website.

      Hope this helps.


  4. Default Gravatar
    ShannonJuly 28, 2016

    I have two credit cards and a personal loan. My bank won’t let me consolidate, am I able to through you?

    • Avatarfinder Customer Care
      ElizabethJuly 28, 2016Staff

      Hi Shannon,

      You’ve come through to finder.com.au, a financial comparison service and not Rapid Finance. Rapid Finance offer a range of bad credit personal loan solutions, but whether or not you will be approved or not depends on your personal financial circumstances and your ability to repay the loan.

      You can find out more by visiting its website.

      I hope this helps,


  5. Default Gravatar
    rebeccaApril 28, 2016

    Hi im on a single mothers pension and in need of a personal loan am i able to get one

    • Avatarfinder Customer Care
      ElizabethMay 2, 2016Staff

      Hi Rebecca,

      Rapid Finance considers some form of Centrelink as income so you may still be approved. You can get in contact with Rapid Finance to find out more information – if you find out you aren’t eligible you can compare your other options on this page.

      Hope this helps,


  6. Default Gravatar
    HopeApril 10, 2016

    I am working as a full time casual i earn 1400 a fortnight i am paying a debt 9 agreement at the moment, my partner earns 700 a week he has a couple defaults due to not being in country for couple months. We have 2 children and our car has died we are looking for a car loan can you advise us of any loans or help that we can get?

    • Avatarfinder Customer Care
      ElizabethApril 11, 2016Staff

      Hi Hope,

      Rapid Finance offers car loans to those who have bad credit, so you may be eligible for a loan. It offers a range of tailored financial loans that might be an option for you. You can apply by visiting the website directly or calling over the phone.

      Hope this has helped,


  7. Default Gravatar
    ChloeMarch 28, 2016

    Hi wondering if you can help I currently am employed, contract for 2 years and receive family tax benefits but I’m a casual! I’m trying to get a car loan and who I just tried with wouldn’t lend due to my casual status even though I’m contracted for two years and receive the Ftb can you help me?

    • Avatarfinder Customer Care
      ElizabethMarch 29, 2016Staff

      Hi Chloe,

      You’ve come through to finder.com.au, a financial comparison service and not Rapid Finance. Rapid Finance consider applicants in a variety of situations so you may be eligible for a loan with them, you can head over to their website and fill out a form to speak to an advisor if you are interested.

      Hope this has helped.



  8. Default Gravatar
    faithFebruary 25, 2016

    hello.am 22 yrs old and want to start a small business am currently unemployed ..can you help?

    • Avatarfinder Customer Care
      ElizabethFebruary 25, 2016Staff

      Hi Faith,

      Part of Rapid Finance’s minimum criteria is that you have a current regular income, which may make you ineligible, and they also don’t offer startup business financing. You can find out more about business loans on this page.

      I hope this will help,


  9. Default Gravatar
    ShaneJanuary 22, 2016

    Don’t have any security towards a personal loans also.Is there any other lenders out there ?

  10. Default Gravatar
    ShaneJanuary 15, 2016

    Need a personal loan up to $10000.I have been discharged from bankruptcy and have a permanent job.Can you help and what are the interest rates?

    • Default Gravatar
      ShaneJanuary 22, 2016

      Have no security to put towards a personal loan are there any lenders that can help ? I am a ex bankruptcy applicant.

    • Avatarfinder Customer Care
      ElizabethJanuary 25, 2016Staff

      Hi Shane and Katrina,

      Rapid Finance consider applicants who have been discharged from bankruptcy for a loan, so you may be eligible to apply. You can visit the website directly to find more information. You can also read our guide on applying for a loan as a discharged bankrupt, which contains a list of lenders, on this page.

      I hope this will help.



    • Avatarfinder Customer Care
      ElizabethJanuary 18, 2016Staff

      Hi Shane and Katrina,

      Rapid Finance offered tailored loan solutions so interest rates differ, but they are able to help discharged bankrupts. If you’d like to apply for a loan you can do so directly on its website.

      I hope this has helped.



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