Vehicle repairs and running costs
Funds may be used for repairs, tyres, registration and an insurance excess. If you are researching car registration finance, review your budget carefully before applying.
What Is a Loan Against Your Car? (Quick Definition)
A loan against your car is a secured loan that uses a registered vehicle or another approved asset as security for borrowed funds. With the EquiMax Loan, eligible Australians can apply for $2,100 to $5,000 online for lawful, short-term cash flow needs while continuing to use their vehicle. AutoSwift Finance registers a security interest on the Personal Property Securities Register (PPSR), and you retain full use and possession of the car during the loan term.
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
When a Car-Secured Loan May Help in Adelaide
Unexpected household or medical costs
Approved lawful uses can include medical or dental bills, home repairs, rent, bond, utilities and temporary cash flow gaps. Consider whether the repayment schedule is affordable without substantial hardship.
Work tools and essentials
The EquiMax Loan may support work equipment, electronics, training fees and tools where the purpose is lawful and the application meets the lending criteria. It is not designed as ongoing or revolving credit.
Important suitability limits
The loan is not designed for debt consolidation, meeting arrears or repayments on another credit facility, or ongoing credit needs. If you are experiencing debt difficulty, contact your current creditors or a free financial counsellor before considering new credit.
What You Get With the EquiMax Loan
Keep driving your car while AutoSwift Finance registers a PPSR security interest against the approved asset.
Choose a repayment frequency of weekly, fortnightly or monthly to align with your pay cycle.
Use a fixed structure with a fixed 12 month repayment term and fixed scheduled repayments.
Apply and manage your loan online with digital updates sent by email and SMS.
Make additional repayments at your discretion, subject to your contract terms.
See itemised fees upfront, including no application fee and no monthly account-keeping fee.
How It Works
1
Apply online
Complete the online form and provide identity, income and vehicle information.
You see a digital application and document upload steps.
2
Complete assessment
AutoSwift Finance verifies your identity, reviews affordability and assesses the application.
You receive digital updates by email and SMS.
3
Sign and receive funds
If approved, review the offer, sign electronically and receive funds by PayID or EFT.
You see the agreed terms before signing.
Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
Features (Grouped)
Core workflow features
- • 100% online application
- • Digital servicing throughout the loan term
- • Electronic signing of approved offers
- • Identity and affordability assessment
- • Email and SMS application updates
Reliability & control
- • Fixed interest rate of 47% p.a.
- • Fixed 12 month repayment term
- • Fixed scheduled repayments
- • Weekly, fortnightly or monthly frequency
- • Additional repayments permitted at your discretion
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Integrations & export
- • PayID funding, often within minutes of funds being disbursed
- • EFT funding on the next business day
- • Digital document submission
- • Customer communication by email
- • Customer communication by SMS
Fees, Repayments and Security
| 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 |
Representative example
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 and reflects a comparison rate of 65.61% p.a.
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.
Repayment structure
The EquiMax Loan has a fixed 12 month repayment term. You can choose weekly, fortnightly or monthly repayments, and the scheduled repayment amount remains fixed for the life of the loan, subject to your contract.
Early payout is available subject to the terms of your contract.
Vehicle security
The vehicle generally needs to be registered in your name, unencumbered, not written off, not stolen and covered by comprehensive insurance. Cars, utes and vans are typically accepted, with vehicles assessed individually.
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
Who Can Apply in Adelaide?
AutoSwift Finance operates Australia-wide online and does not operate a physical branch in Adelaide. Applicants need an Australian residential address, contact number and email address.
Eligible applicants are generally aged 18 or over, have verifiable income and can demonstrate the ability to make repayments without substantial hardship. Approval depends on credit assessment and eligibility criteria.
You may need to provide
- • Government-issued photo identification
- • Recent payslips, invoices, contracts or tax returns, depending on your income
- • Vehicle registration papers or a log book
- • Proof of comprehensive vehicle insurance
- • Information about income, expenses, liabilities and repayment capacity
Before you apply
Review car-secured loan eligibility and make sure the loan suits your circumstances. The EquiMax Loan is an alternative to mainstream lending, so if you may qualify for a mainstream bank personal loan at a lower rate, consider that option first.
Proof (Results and Social Proof)
- Loan amounts range from $2,100 to $5,000.
- All EquiMax Loans use a fixed 12 month repayment term.
- PayID funding is available, often within minutes of funds being disbursed, once requirements are met.
- Applicants retain full use and possession of their vehicle during the loan term.
“Easy process good company to work with they look at you more personally rather than just automatic response.”
Credentials & Key Stats
$2,100–$5,000
EquiMax Loan amount
12 months
Fixed repayment term
47% p.a.
Fixed interest rate
$0
Application fee
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.
FAQs
Is a loan against my car suitable for me?
The EquiMax Loan is designed for eligible Australians seeking $2,100 to $5,000 for lawful, short-term cash flow needs. You need an approved asset as security and must demonstrate the ability to make repayments without substantial hardship. Consider mainstream lending or free financial counselling if those options are more appropriate for your circumstances.
Can I apply from Adelaide without visiting a branch?
Yes, applications can be completed online from Adelaide because AutoSwift Finance operates Australia-wide online. It does not operate a physical branch in Adelaide. You need an Australian residential address, contact number and email address, and digital updates are sent by email and SMS.
Will I keep driving my car?
You retain full use and possession of your vehicle throughout the loan term. AutoSwift Finance registers a PPSR security interest against the approved asset rather than taking ordinary possession of the car. Keep driving your car, but remember that this is a secured loan and the asset may be repossessed if you fail to meet your obligations.
How much does the EquiMax Loan cost?
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, comprising the $400 establishment fee, $2 PPSR Check fee, $6 PPSR Registration fee and $8 Credit Check fee. Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
What documents might I need?
Employed applicants may need photo identification, recent payslips, vehicle registration papers or a log book and proof of comprehensive insurance. Self-employed applicants may need identification, invoices, contracts or tax returns, along with vehicle and insurance documents. AutoSwift Finance may also request information about income, expenses, liabilities and repayment capacity.
Can I repay the loan early?
Early payout is available at any time with a $0 early exit fee, subject to your contract terms. You may also make additional repayments at your discretion. Early payout is available subject to the terms of your contract.
Review Your Options and Apply Online
If you are eligible and need short-term cash flow support in Adelaide, review the terms carefully before starting an EquiMax Loan application.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (Australian Credit Licence 537359).