Vehicle security
The standard requirement is an unencumbered, registered and comprehensively insured vehicle in your name. Cars, utes and vans may be considered individually.
Vehicle security requirementsWhat Is a Loan Against Your Car?
A loan against your car is a secured loan where an approved vehicle registered in your name supports the application. With the EquiMax Loan, eligible borrowers can apply for $2,100 to $5,000 and retain full use and possession of their car throughout the loan term.
The vehicle security interest is registered on the Personal Property Securities Register (PPSR). The application is completed online, with assessment based on identity, income, expenses, liabilities, credit history and repayment capacity. Read more about car-secured loan eligibility before applying.
Important security information
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
EquiMax Loan Details for Canberra Applicants
The EquiMax Loan is a medium-amount vehicle-secured finance option for eligible Australians with a lawful, short-term cash flow need.
Fixed repayment structure
The standard EquiMax Loan term is fixed at 12 months. Repayments can be weekly, fortnightly or monthly to align with your pay cycle, subject to the loan agreement.
Digital application
You can apply from a phone or computer, upload supporting documents online and manage the loan digitally throughout the term.
Online loan applicationShort-term lawful uses
Approved uses may include vehicle repairs, registration, tyres, insurance excesses, medical or dental bills, home repairs, rent, utilities, work equipment and temporary cash flow gaps.
Car repair and registration financeWhat You Get
Borrow from $2,100 to $5,000, subject to credit assessment and eligibility criteria.
Keep using your vehicle while the PPSR security interest remains in place.
Choose weekly, fortnightly or monthly repayments under the fixed 12 month repayment term.
Review itemised fees upfront, including the $416 total fixed upfront fees deducted at the start.
Make additional repayments at your discretion, subject to the contract.
Apply online from Canberra without relying on a local branch.
How It Works
The process is online, but approval remains subject to credit assessment and the information supplied.
Complete the application
Enter your personal, income, vehicle and contact details online.
What you see: a digital application form.
Provide documents
Upload identification, income evidence, registration details and comprehensive insurance evidence.
What you see: document requests and application updates.
Review and receive funds
Review and digitally sign an approved offer, then receive funds by PayID or EFT if the application proceeds.
What you see: an offer, agreement and funding confirmation.
Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
Features, Requirements and Support
Core workflow features
- 100% online application
- Digital document upload
- Digital signing of approved offers
- Email and SMS application updates
- Phone, email and WhatsApp support
Reliability and control
- Fixed interest rate of 47% p.a.
- Fixed 12 month repayment term
- No monthly account-keeping fee
- Additional repayments permitted
- Vehicle possession retained during the term
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
Integrations and access
- PayID funding, often within minutes of disbursement
- EFT funding on the next business day
- Online applications available 24/7
- Support during 9:00am to 5:00pm Monday to Friday AEST
- National online service for Canberra residents
Canberra Vehicle Loan Requirements
Applicants generally need to meet the following criteria. AutoSwift Finance assesses each application individually.
Applicant eligibility
- Be at least 18 years old.
- Be an Australian citizen, permanent resident or eligible Australian visa holder.
- Have an Australian residential address, contact number and email address.
- Provide verifiable income and demonstrate repayment capacity without substantial hardship.
- Not be bankrupt, expecting bankruptcy, subject to a current Part IX Debt Agreement or a garnishee order.
- Not have a recent history of serious and consistent defaults.
Vehicle and document requirements
- Vehicle registered in your name and not written off or stolen.
- Standard vehicle security is unencumbered and comprehensively insured.
- Government-issued photo identification.
- Recent payslips, or invoices, contracts or tax returns for self-employed applicants.
- Registration papers or log book and proof of comprehensive insurance.
- Information about income, expenses, liabilities and repayment capacity.
Fees and Representative Example
Every fee should be reviewed before signing. The fixed upfront fees below total $416 and are deducted from the amount borrowed at the start.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
The comparison rate is 65.61% p.a. based on a $2,500 loan over 24 months. 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.
| 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 |
Published 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. The example reflects a comparison rate of 65.61% p.a. It does not change the standard EquiMax Loan repayment term, which is fixed at 12 months.
Proof and Customer Feedback
- $2,100 to $5,000EquiMax Loan amount range.
- 12 monthsFixed standard repayment term.
- 24/7Online applications are available.
- Australian Credit Licence 537359Held by Koala Enterprises Pty Ltd.
“Easy process good company to work with they look at you more personally rather than just automatic response.”
L Groom
Credentials and Key Stats
$2,100–$5,000
Loan amount range
47% p.a.
Fixed interest rate
$416
Total fixed upfront fees
87780
AFCA membership
Koala Enterprises Pty Ltd, trading as AutoSwift Finance, ABN 19 655 850 409, holds Australian Credit Licence 537359 and is a member of AFCA.
Frequently Asked Questions
Can I apply for a loan against my car in Canberra?
Yes. AutoSwift Finance operates Australia-wide online, including Canberra, and does not rely on a physical Canberra branch. You can complete the application from a phone or computer, but you must meet the eligibility criteria and provide acceptable security and supporting information.
How much can I borrow against my car?
The EquiMax Loan amount is $2,100 to $5,000. The amount available to an applicant depends on credit assessment, income, expenses, liabilities, the vehicle and repayment capacity, so approval and the amount are not guaranteed.
Does my car need to be paid off?
The standard vehicle requirement is an unencumbered vehicle with no existing finance. It must be registered in your name and comprehensively insured, and it must not be written off or stolen. Vehicles are assessed individually.
Do you check credit?
Yes. A credit assessment applies to every application. AutoSwift Finance considers information such as income, expenses, liabilities, credit history and whether the proposed repayments can be made without substantial hardship.
How quickly can I receive a decision?
Most decisions are made the same business day once all supporting documents have been received. Application processing times may vary, and approval is not guaranteed and is subject to credit assessment. If approved, funds may be sent by PayID, often within minutes of disbursement, or by EFT on the next business day.
Can I repay the loan early?
Additional repayments are permitted at your discretion, and early payout is available at any time with a $0 early exit fee, subject to contract terms. Review the agreement carefully so you understand the amount required to close the loan. Early payout is available subject to the terms of your contract.
What if I am experiencing financial hardship?
Contact AutoSwift Finance as early as possible on 1300 894 686 or at cs@autoswift.com.au to discuss its financial hardship process. If you are dealing with arrears or financial stress, you can also contact your current creditors or a free financial counsellor. AutoSwift Finance is a member of AFCA under membership number 87780.
Ready to Review Your Options?
Start an online application for the EquiMax Loan and provide the information needed for an assessment.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (Australian Credit Licence 537359).