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From 4.5% (variable)
Interest Rate (p.a.)
$200,000
Max Loan Amount
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Product Name | Rapid Finance Bad Credit Car Loan |
---|---|
Interest Rate (p.a.) | From 4.5% (variable) |
Interest Rate Type | Variable |
Max Loan Amount | $200,000 |
You should carefully look at your monthly budget and find the exact repayments you can make before you apply. Taking out an excessive loan can eventually lead to unnecessary stress on the budget, so only apply for what you need.
You can also get lower interest rates if you can provide security by showing home ownership or other assets. Applicants who have credit card defaults, repossessions or declared bankruptcy are also considered.
Some of the main features of this loan that make it an attractive option are:
You should be at least 18 years of age and an Australian citizen or permanent resident. Applicants should have reasonable resources to repay the loan. Rapid Finance does not deny loans solely based on past credit history or credit rating.
RapidFinance provides preliminary assessments free of charge. Once you accpet the loan, Rapid Finance receives a commission directly from the lender.
The exact commission varies depending on the type and amount of loan. This commission will be disclosed when the final proposal of loan is given.
If you would like to apply for this loan you can click ‘Go to site’ to submit an online application. Ensure you meet the below eligibility criteria and that you have the required information on hand:
Eligibility criteria
Required documents
This loan is an attractive alternative for applicants who may not be eligible for conventional forms of credit. Rapid Finance provides a quick assessment and considers you even if you have bad credit. Before you apply, compare your car loan options to ensure you find the best terms.
Whilst we don't compare Rapid Finance Bad Credit Car Loan directly, below are some similar loans that you can compare
4 Comments
June 15, 2019
CAN A RECENTLY DECLARED BANKRUPT GET A CAR LOAN AND IF SO WHO PROVIDES SUCH LOANS
June 15, 2019
Hi Robyn,
Thanks for your inquiry.
Yes, you can still apply for a car loan given your situation. According to our bankrupt loans guide, secured loans can be easier to be approved for than car loans as they are less of a risk to a lender. You can also take out a bad credit car loan that will allow you to attach your newly purchased vehicle to the loan as security.
Both pages above have a comparison table you can use to find the lender that suits you. When you are ready, press the ‘Go to site’ button to apply. As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki
September 30, 2017
Can a international student apply for a loan??
What are the documents requirement?
How long is the process?
October 1, 2017
Hi Niks,
Thanks for your inquiry.
Yes, an international student can apply for a loan. Please check our review on student loans for international students for more details.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Hope this information helps
Cheers,
Arnold