Vehicle repairs and running costs
Funds may help with repair bills, tyres, registration or an insurance excess. Car repair finance can be relevant when a vehicle is important for work or everyday travel.
What Is a Loan Against Your Car? (Quick Definition)
A loan against your car uses an approved vehicle registered in your name as security for a fixed-term loan. AutoSwift Finance’s EquiMax Loan is designed for eligible Australians who need short-term funds for lawful expenses and want to keep possession of their vehicle while repaying.
You can apply for a car-secured loan in Perth online without visiting a physical branch. A security interest is registered on the Personal Property Securities Register (PPSR).
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
Car-Secured Finance for Common Perth Expenses
The EquiMax Loan may help eligible borrowers manage a defined, short-term expense. It is not designed for ongoing or revolving credit needs, debt consolidation, or repayments on another credit facility.
Medical and unexpected expenses
The loan may be considered for lawful medical or dental bills and other unexpected household costs, subject to credit assessment and your ability to repay without substantial hardship.
Rent, bills and temporary cash flow
Eligible applicants may use the loan for rent, bond, utilities or a temporary cash flow gap. Consider your budget carefully before applying.
Work tools and essentials
The EquiMax Loan may be used for work tools, equipment, electronics or training fees where the purpose is lawful and the repayments are affordable.
Read the loan details before applying
Review the EquiMax Loan details, including eligibility, vehicle requirements and fees, before deciding whether this type of finance suits your circumstances.
View Product DetailsWhat You Get
Borrow between $2,100 and $5,000, subject to assessment and eligibility.
Choose weekly, fortnightly or monthly repayments aligned with your pay cycle.
Keep full use and possession of your vehicle throughout the fixed 12 month repayment term.
See itemised fees before accepting an offer, including the $416 total fixed upfront fees.
Apply and manage the loan online with digital servicing throughout the loan term.
Make additional repayments at your discretion, with early payout available subject to contract terms.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
How It Works
1
Step 1
Apply online
Provide your personal, income and vehicle details, then upload the documents requested.
What you see: A digital application form.
2
Step 2
Complete assessment
AutoSwift Finance verifies your identity, reviews affordability and assesses your vehicle security.
What you see: Updates by email and SMS.
3
Step 3
Review and receive funds
If approved, review and e-sign your offer before funds are sent by PayID or EFT.
What you see: A digital offer and servicing account.
Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
Features (Grouped)
Core workflow features
- Apply online from Perth or anywhere in Australia.
- Provide personal, income and vehicle information digitally.
- Upload identity, income and vehicle documents.
- Review and e-sign an offer online if approved.
- Manage servicing digitally throughout the loan term.
Reliability & control
- Use fixed scheduled repayments over a fixed 12 month term.
- Choose weekly, fortnightly or monthly repayment frequency.
- Keep possession and use of your vehicle while repaying.
- Make additional repayments at your discretion.
- See no monthly account-keeping fee and a $0 early payout fee.
Digital access & funding
- Receive customer updates by email and SMS.
- Receive funds through PayID once disbursed.
- Use EFT funding on the next business day where applicable.
- Submit documents through the online application process.
- Access online support without relying on a Perth branch.
Proof
- Loan amounts range from $2,100 to $5,000.
- All EquiMax Loans have a fixed 12 month repayment term.
- Applications are completed online with digital servicing.
- Borrowers keep full use and possession of their vehicle throughout the loan term.
- Koala Enterprises Pty Ltd holds Australian Credit Licence 537359 and is a member of AFCA, membership number 87780.
“Easy process good company to work with they look at you more personally rather than just automatic response.”
L Groom
Eligibility and Vehicle Requirements
Who can apply?
- Aged 18 or over.
- An Australian citizen, permanent resident or eligible Australian visa holder.
- An Australian residential address, contact number and email address.
- Verifiable income and capacity to repay without substantial hardship.
- Not bankrupt or subject to a current Part IX Debt Agreement or garnishee order.
What vehicle is required?
The standard security requirement is an unencumbered, comprehensively insured and registered vehicle in your name. Cars, utes and vans are typically accepted, but vehicles are assessed individually.
- Registered in your name.
- Free of existing finance or another security interest.
- Comprehensively insured.
- Not written off or stolen.
See how keeping your car while borrowing works during the loan term.
Fees and Representative Example
Every fee should be considered alongside the fixed interest rate, loan term and your individual 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 |
| Early payout fee | $0 |
| Reschedule Fee | $25 |
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 reflects a comparison rate of 65.61% p.a. based on a $2,500 loan over 24 months and includes $416 in fixed upfront fees.
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.
Important cost information
The $416 in fixed upfront fees is deducted from the amount borrowed at the start of the loan. A dishonoured payment fee may apply if a scheduled payment is missed or returned.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
Credentials & Key Stats
$2,100–$5,000
Loan amount range
12 months
Fixed repayment term
47% p.a.
Fixed interest rate
$416
Fixed upfront fees
AutoSwift Finance is operated by Koala Enterprises Pty Ltd, ABN 19 655 850 409, and holds Australian Credit Licence 537359. Member of AFCA, membership number 87780.
FAQs
Can I apply online from Perth?
Yes. AutoSwift Finance accepts online applications from eligible applicants across Australia, including Perth. There is no suggestion of a physical Perth branch, because applications and servicing are provided online.
Do I keep my car after applying?
If your application proceeds and the loan is established, you retain full use and possession of your vehicle throughout the loan term. AutoSwift Finance registers a security interest on the PPSR. This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
How much can I borrow against my car?
Eligible applicants can apply for between $2,100 and $5,000. The amount offered depends on credit assessment, affordability, vehicle security and the applicable eligibility criteria. Approval is not guaranteed.
What is the fixed interest rate and comparison rate?
The fixed interest rate is 47% p.a. The comparison rate is 65.61% p.a. based on a $2,500 loan over 24 months. The comparison rate applies only to that example, and rates and fees apply. Refer to the Terms and Conditions for full details.
Can I repay the EquiMax Loan early?
Additional repayments are permitted at your discretion. Early payout is available at any time with a $0 early exit fee, subject to the terms of your contract. Early payout is available subject to the terms of your contract.
What documents might I need?
Employed applicants may need photo identification, two or three recent payslips, vehicle registration papers or a log book, and proof of comprehensive vehicle insurance. Self-employed applicants may need identification, invoices, contracts or tax returns, along with vehicle and insurance documents.
Are there monthly account-keeping fees?
The monthly account-keeping fee is $0 for the life of the loan. Other charges can apply, including the $400 establishment fee, $2 PPSR Check fee, $6 PPSR Registration fee, $8 Credit Check fee, and any applicable dishonoured payment or reschedule fee.
What if I am experiencing financial hardship?
Contact AutoSwift Finance as early as possible on 1300 894 686 or at cs@autoswift.com.au during business hours, 9:00am to 5:00pm Monday to Friday. You can also seek free financial counselling or contact the Australian Financial Complaints Authority. Do not take a new loan to meet arrears or repayments on another credit facility without first seeking appropriate support.
Ready to review your options?
Start an online application for the EquiMax Loan against your car in Perth, subject to eligibility and credit assessment.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (Australian Credit Licence 537359).