Rapid Finance bad credit loans

With Rapid Finance, you can apply for a wide variety of loans even with bad credit. Costs will vary according to individual applications and the type of loan.

No reviews yet. Write a review

Rapid Finance specialises in loans for customers with a bad credit history, and who are unable to get loans elsewhere. These loans include car loans, personal loans, bike loans, boat loans, equipment loans and more. While the cost will vary based on the applicant and the type of loan you apply for, loan terms are between 1 to 7 years. Repayments are flexible, allowing you to make weekly, fortnightly or monthly repayments. If you have security to offer, you may get better terms.

Compare other bad credit loans

Product Maximum loan amount Term of loan Turnaround time Arrears fee Costs Fortnightly repayment (for $1,500 loan)
Fundo logo
Fundo Small Loan
$2,000
5 to 26 weeks
Same day - conditions apply
$20
20% of loan amount + 4% of loan amount each month
$396
Borrow up to $2,000 and pay it off over 20 weeks. Same day approval for eligible borrowers.
Go to siteMore info
Compare product selection
Fair Go Finance logo
Fair Go Finance Small Loan
$2,000
3 to 12 months
24 to 48 hours
$35
Establishment Fee of $60 – $400
$354
A small loan between $500 and $2,000 that can be funded in 24 hours.
Go to siteMore info
Compare product selection
Safe Financial logo
Safe Financial Small Loan ($500 to $2000)
$2,000
13 to 50 weeks
Same day - conditions apply
$35
20% establishment fee + 4% monthly.
$396
Borrow from $500 to $2,000 with same-day funding and no early repayment fees.
Go to siteMore info
Compare product selection
Payday Mate logo
$2,000
16 to 47 days
1 Business Day
$47
29.98
More info
Compare product selection
Munibox logo
Munibox Fast Loans
$2,000,000
3 to 12 months
24 hours
Varies upon the loan amount
A secured loan of $5,000 or more with no upfront fees or payments. Access to funds on the day you apply.
More info
Compare product selection
City Finance logo
City Finance Small Cash Loans
$2,000
12 weeks to 52 weeks
same day
More info
Compare product selection
MoneySpot logo
$2,000
63 to 90 days
1 hour - conditions apply
$35
20% of loan amount establishment fee + 4% of loan amount monthly.
$396
Borrow under $2,000 and benefit from a transparent fee structure and a simple application. Bad credit borrowers considered.
More info
Compare product selection
Fair Go Finance logo
Fair Go Finance Medium Personal Loan
$5,000
6 to 15 months
Within 24 hours
$35
Establishment fee of $400
A larger loan up to $5,000 you can apply for even with bad credit. Fast turnaround within 1 business day. Note: You must earn more than $500 per week.
Go to siteMore info
Compare product selection
Max Cash logo
$10,000
6-12 months
Next Business Day
Fees and charges will be set out and based on your credit score and worthiness.
More info
Compare product selection
OK Money logo
$4,600
24 Months
$30
More info
Compare product selection
Needy Money logo
$5,000
1 to 2 year(s)
1 hour - conditions apply*
Based on your credit history, employment and residential stability.
Apply for up to $5,000 and have up to 2 years to repay.
More info
Compare product selection
Swift Loans Australia logo
$4,500
10 - 52 Weeks
Within 60 minutes
$15
20% of the loan amount & 4% monthly service fee.
More info
Compare product selection
Nimble logo
$25,000
62 days to 48 months
1 hour - conditions apply*
$15
Application fee of $400 + 47.62% p.a. for $2,050 to $5,000
A larger loan up to $25,000 you can apply for even with bad credit. Your loan can be funded within 1 hour.
Go to siteMore info
Compare product selection
SRG Finance logo
$1,200
62 days
2 hours
20% of borrowed amount + 4% of borrowed amount each month
Apply for a cash advance up to $1,200 and you can receive it on the same day. The loan is not offered to individuals who are on centrelink benefits.
More info
Compare product selection
Payday 24/7 logo
Payday 24/7
$1,000
16, 22 or 32 days
Same Day if approved
$38.50
20% of borrowed amount + 4% of borrowed amount each month
You could borrow up to $1,000 without a credit check from Payday 24/7
More info
Compare product selection
Capfin logo
Capfin Money Medium Amount Loan
$5,000
6 to 18 months
Overnight
$25
$400 establishment fee + 48% p.a.
A convenient loan up to $5,000. Receive approved funds the next business day.
More info
Compare product selection
Payday Gold logo
Payday Gold
$1,500
up to 15 days
24 Hours
29.98
Get up to $1,500, quick approval, 100% online and Confidential and secure.
More info
Compare product selection
MyBond logo
MyBond Rental Bond Loan
12 months
48 hours
$0
2.08% of the bond per month
$0
More info
Compare product selection
CashnGo logo
$2,000
2 - 6 months
30 mins - conditions apply
$6
20% of loan principal + 4% of principal amount p/m
More info
Compare product selection
Easy Financing logo
$5,000
1 to 12 months
Same Day if approved
$35
$400 establishment fee + 4% of the principal amount monthly fee
If you earn $450 p/w you could borrow up to $5,000 online.
More info
Compare product selection
loading
Showing 20 of 100 results

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.
  • Rapid Finance Bad Credit Personal Loan
  • Rapid Finance Bad Credit Car Loan

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.

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.

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.

Elizabeth Barry's headshot
Journalist

Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio

Elizabeth's expertise
Elizabeth has written 208 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

31 Responses

    Default Gravatar
    SuzanneMay 2, 2017

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

      AvatarFinder
      HaroldMay 2, 2017Finder

      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.

      Cheers,
      Harold

    Default Gravatar
    garyFebruary 13, 2017

    can i borrow 3000 on newstart

      Default GravatarFinder
      DeeFebruary 13, 2017Finder

      Hi Gary,

      Thanks for your question.

      I might not be able to tell you whether you would be approved or not for a loan, but yes, it is possible for you to still get a $3,000-loan even if you’re on Newstart. Ultimately, lenders would check your ability to make repayments, and based on their assessment, they will determine whether to approve you or not.

      If you are asking about Rapid Finance, yes they consider some form of Centrelink benefit as income. You can get in touch with Rapid Finance directly to confirm your chance of approval.

      Alternatively, if in case you want to explore other options, please check the list of loans for Centrelink recipients featured on our website. Open that link and you should find a comparison table. Once you’re done comparing, please select the “Go to Site” button to be safely redirected to your chosen lender.

      Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!

      Cheers,
      Anndy

    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
      ElizabethAugust 24, 2016Finder

      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 may want to compare other pensioner loans.

      I hope this helps,

      Elizabeth

      Default Gravatar
      EricaJanuary 9, 2017

      Hi I need to apply for a loan of $400

      Default GravatarFinder
      MayJanuary 9, 2017Finder

      Hi Erica,

      Thank you for your inquiry.

      You may check our small personal loans page for loans between $100 and $2,000.

      Please review the criteria and once you’ve found a loan you’re eligible for and you wish to apply for, please select the ‘Go to site’ button to apply on the lender’s website.

      Hope this helps.

      Cheers,
      May

    Default Gravatar
    ShannonJuly 28, 2016

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

      AvatarFinder
      ElizabethJuly 28, 2016Finder

      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,

      Elizabeth

    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
      ElizabethMay 2, 2016Finder

      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 pensioner loans to see what might be your other options.

      Hope this helps,

      Elizabeth

More guides on Finder

Go to site