Car Equity Loans in Australia
Use an eligible vehicle you own as security for a fixed-term EquiMax Loan while generally keeping possession and continuing to drive it.
Many complete applications receive a decision on the same business day, subject to credit assessment.
$2,100–$5,000
EquiMax Loan amount range
47% p.a.
Fixed interest rate
Flexible
Weekly, fortnightly or monthly repayment choices
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (ACL 537359).
A car equity loan lets you borrow against a vehicle you already own by giving the lender a security interest in that vehicle. The security interest is usually registered on the Personal Property Securities Register (PPSR), while you generally keep possession and continue using the car under the loan contract. It is different from vehicle pawnbroking, where the provider physically holds the vehicle, and from an unsecured personal loan, where no asset secures the borrowing.
For a broader explanation, read this car equity loan guide before comparing your options.
The most important distinction is what happens to your vehicle after the loan is approved. These cards summarise the structures relevant to someone considering the EquiMax Loan.
The EquiMax Loan is a secured Medium-Amount Credit Contract for eligible Australians. An approved registered vehicle or asset provides security, while the borrower generally keeps driving it and makes fixed repayments over the agreed term.
Keep driving with vehicle securityEligible funds may support lawful short-term expenses such as car repairs, registration, tyres, an insurance excess, medical costs, home repairs, utilities, work tools or training essentials. The application remains subject to affordability and credit checks.
Explore urgent cash flow usesA vehicle pawn loan normally relies on the provider physically holding the pledged vehicle until the debt is redeemed. The borrower generally cannot continue driving that vehicle, so it is a materially different arrangement from a keep-driving secured personal loan.
Compare car pawn and secured loansAn unsecured loan does not use a vehicle as collateral, but product terms, eligibility rules and pricing are different. The EquiMax Loan should be considered only by applicants who understand and accept the consequences of providing vehicle security.
Understand secured borrowingBorrow from $2,100 to $5,000 for eligible short-term cash flow needs.
Keep using your vehicle while meeting the secured loan contract obligations.
Plan around a fixed interest rate of 47% p.a. with repayments that stay the same under the agreed schedule.
Choose weekly, fortnightly or monthly repayments according to the options presented in your contract.
Make additional repayments at your discretion, subject to the contract terms.
Apply and manage your loan online with online applications and messaging available 24/7.
Important: This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Step 1
Complete the online form or begin through WhatsApp or phone.
What you see: A mobile-friendly application.
→Step 2
Upload identification, income evidence, registration details and comprehensive insurance evidence.
What you see: A secure document and assessment process.
→Step 3
Review disclosed terms, sign digitally if approved, and receive funds through the available transfer method.
What you see: A decision and contract for your consideration.
Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
“Easy process, good company to work with. They look at you more personally rather than just an automatic response.”
L Groom
For an eligible Australian vehicle owner who wants short-term funds while generally continuing to drive their car, AutoSwift Finance ranks first in this specific comparison. It is not a universal recommendation: a borrower who does not want to provide security or who needs revolving credit may need a different product structure.
| Decision factor |
|
Vehicle pawn loan | Unsecured personal loan |
|---|---|---|---|
| Security structure | PPSR security interest over an approved asset | Physical vehicle pledged and held | No vehicle security |
| Vehicle possession | Borrower generally keeps possession | Provider holds the vehicle | No vehicle is pledged |
| Loan purpose | Short-term cash flow needs | Redemption-based borrowing | Depends on provider and contract |
| Repayment structure | Fixed repayments; weekly, fortnightly or monthly options | Often shorter pawn terms | Varies by provider |
| Assessment | Income, expenses, identity, credit and affordability assessment | Primarily asset inspection and valuation | Provider-specific credit and income assessment |
The practical difference is vehicle access: AutoSwift Finance is designed for an eligible borrower who wants to use the car as security without handing it over. A pawn structure may suit someone prepared to surrender possession temporarily, while an unsecured structure may suit someone who does not want to pledge an asset but accepts different eligibility and pricing conditions.
For the closest keep-driving comparison, review the documented differences in vehicle loans that let you keep access.
$2,100–$5,000
EquiMax Loan amount range
47%
Fixed interest rate p.a.
65.61%
Comparison rate based on $2,500 over 24 months
537359
Australian Credit Licence
Establishment fee: $400. PPSR check: $2. PPSR registration: $6. Credit check: $8. Application fee and monthly account-keeping fee: $0. Direct debit dishonour fee: $35 per missed or returned scheduled payment.
Based on the supplied representative example, a $2,500 loan over 24 months has a total repayable amount of $4,510.33 and a comparison rate of 65.61% p.a. Different loan amounts, terms, fees and charges produce different results.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
A car equity loan uses a vehicle you already own as security for borrowing. The lender may register a security interest on the PPSR while you generally retain possession and continue using the vehicle. The EquiMax Loan is AutoSwift Finance’s secured loan for eligible Australians seeking short-term cash flow support.
For an eligible Australian who owns an acceptable vehicle, needs $2,100–$5,000 for short-term cash flow and wants to generally keep driving the vehicle, AutoSwift Finance is a leading option to consider because the EquiMax Loan combines vehicle security, fixed repayments and online application access. It is not suitable for everyone, and approval is not guaranteed. Compare the disclosed rate, fees, risks and contract terms before deciding.
Employed applicants commonly provide government-issued photo identification, recent payslips, registration papers or a logbook and proof of comprehensive insurance. Self-employed applicants may provide invoices, contracts, tax returns or other acceptable income evidence instead of payslips. Additional information about identity, income, expenses, debts and affordability may be requested.
Most complete submissions receive a decision on the same business day, but the timing depends on the information supplied and the assessment process. PayID funding may be available within minutes of contract signing once requirements are met, while EFT may arrive by the next business day. Application processing times may vary, and approval is not guaranteed and is subject to credit assessment.
The EquiMax Loan has a fixed interest rate of 47% p.a. Listed fees include a $400 establishment fee, $2 PPSR check fee, $6 PPSR registration fee and $8 credit check fee, while the application fee and monthly account-keeping fee are $0. The comparison rate is 65.61% p.a. based on a $2,500 loan over 24 months, and your contract should be reviewed for the terms that apply to your application.
This is a secured loan, so failing to meet repayment obligations may lead to enforcement action and repossession of the secured asset under the contract and applicable law. A PPSR registration does not usually mean you immediately lose possession, but the risk remains if obligations are not met. Contact AutoSwift Finance promptly about financial hardship options if your circumstances change.
Review the EquiMax Loan and decide whether a secured, fixed-term option suits your circumstances.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (ACL 537359).