For eligible Australian business owners
Apply online using an approved vehicle as security, provide verifiable income information, and keep full use and possession of your vehicle during the loan term.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (Australian Credit Licence 537359).
Start with the essentials
The EquiMax Loan is a medium-amount credit contract for eligible Australians who need short-term cash flow support and can provide an approved vehicle or other approved asset as security. Self-employed applicants and ABN holders may apply, but they must provide verifiable income and satisfy AutoSwift Finance’s credit assessment and eligibility criteria. You keep full use and possession of your vehicle throughout the fixed 12 month repayment term.
For applicants with variable business income, the assessment focuses on income, expenses, liabilities and repayment capacity rather than the ABN alone. An ABN does not guarantee approval.
If you are organising documents for an application, this income evidence checklist explains the types of information that may be requested.
Where it may fit
The proposed purpose must be lawful and suitable under AutoSwift Finance’s credit policy. The EquiMax Loan is not designed for ongoing or revolving credit needs.
Funds may help with lawful, short-term needs such as work tools, business equipment, electronics required for work or training fees. The application still requires an affordability assessment.
See related information about work equipment finance.
Eligible applicants may apply for short-term costs such as repairs, registration, tyres or an insurance excess. The vehicle offered as security must meet the applicable requirements.
Read about vehicle repair funding before you apply.
Depending on suitability and assessment, lawful short-term needs may include home repairs, rent, bond, utilities, medical bills or dental bills. You must be able to make repayments without substantial hardship.
Explore short-term cash flow options for more context.
A clear purpose helps AutoSwift Finance understand your request. You may be asked for identification, invoices, contracts, tax returns, vehicle documents and information about your financial position.
Review the EquiMax Loan application process before submitting information.
The product is structured around a fixed repayment schedule and digital servicing, subject to credit assessment and eligibility.
Apply online and use digital customer communications throughout the loan term.
Choose a repayment frequency of weekly, fortnightly or monthly to align with your income cycle.
Keep scheduled repayments fixed for the life of the fixed 12 month repayment term.
Retain vehicle access because you keep full use and possession of the approved vehicle.
Make additional repayments at your discretion, subject to contract terms.
See fees itemised upfront, including a $0 application fee and $0 monthly account-keeping fee.
The online process is designed to collect the information needed to assess identity, affordability and vehicle security.
Step 1
Complete the application and upload identification, income evidence and vehicle details.
What you see: an online application and document upload process.
Step 2
AutoSwift Finance reviews your identity, income, expenses, liabilities, repayment capacity and security.
What you see: an assessment based on the information and documents supplied.
Step 3
If approved, review and sign the offer electronically before funds are sent by PayID or EFT.
What you see: a digital offer showing the applicable terms and fees.
Processing note: Most decisions are made the same business day once all supporting documents are received. Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
The EquiMax Loan has a fixed interest rate and itemised fees. Review the full terms before deciding whether the product is suitable for your circumstances.
| Fee | Amount |
|---|---|
| Establishment fee | $400 |
| PPSR Check fee | $2 |
| PPSR Registration fee | $6 |
| Credit Check fee | $8 |
| Total fixed upfront fees | $416 |
| Application fee | $0 |
| Monthly account-keeping fee | $0 |
| Dishonoured Payment Fee | $35 |
| Reschedule Fee | $25 |
| Early payout fee | $0 |
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Comparison rate 65.61% p.a. based on a $2,500 loan over 24 months.
Based on a loan of $2,500 over 24 months, a borrower can expect to repay a total of $4,510.33. This includes $416 in fixed upfront fees, comprising the $400 establishment fee, $2 PPSR Check fee, $6 PPSR Registration fee and $8 Credit Check fee.
This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts will result in a different comparison rate.
The $416 in fixed upfront fees is deducted from the amount borrowed at the start of the loan. The fixed 12 month repayment term, rate and applicable fees are subject to the loan contract.
General eligibility: Applicants must generally be aged 18 or over, have an Australian residential address and verifiable income, and be able to make repayments without substantial hardship. Other eligibility criteria apply, including requirements relating to residency, bankruptcy, Part IX Debt Agreements, garnishee orders and serious defaults.
“Great experience with AutoSwift. The team is professional, responsive, and truly knows their space. Highly recommend!”
Nicole Z
$2,100–$5,000
EquiMax Loan amount range
12 months
Fixed repayment term
47% p.a.
Fixed interest rate
24/7
Online applications available
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Self-employed applicants and ABN holders may apply for the EquiMax Loan if they have verifiable income and satisfy the eligibility and credit assessment criteria. An ABN identifies business activity, but it does not prove affordability by itself. You may need to provide invoices, contracts, tax returns and other financial information.
Documents may include government-issued photo identification, invoices, contracts, tax returns, registration papers and proof of comprehensive insurance. AutoSwift Finance may also request information about your income, expenses, liabilities and repayment capacity. The exact documents depend on your circumstances and the assessment requirements.
Yes, you retain full use and possession of your approved vehicle throughout the loan term. A security interest is registered on the Personal Property Securities Register. This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
The EquiMax Loan has a fixed 12 month repayment term and fixed scheduled repayments. You can choose weekly, fortnightly or monthly repayments to align with your income cycle. Additional repayments are permitted at your discretion, subject to contract terms.
The fixed interest rate is 47% p.a., and the comparison rate is 65.61% p.a. based on a $2,500 loan over 24 months. Fixed upfront fees total $416, while the application fee, monthly account-keeping fee and early payout fee are each $0. Other charges can apply, including a $35 Dishonoured Payment Fee or $25 Reschedule Fee.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Most decisions are made the same business day once all supporting documents are received. Funding may be sent by PayID, often within minutes of disbursement, or by EFT on the next business day. Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
If you are self-employed or hold an ABN, you can submit an online application for assessment, subject to eligibility and repayment capacity.