Vehicle and work expenses
Applicants may use funds for car repairs, tyres, registration, insurance excess payments, work tools and other essential work expenses. See our car repair finance information for context.
What Is a Secured Personal Loan for Bad Credit?
A secured personal loan uses an approved asset, such as a vehicle registered in your name, as security for borrowing. The EquiMax Loan is designed for eligible Australians who may have impaired or limited credit histories but can demonstrate sufficient income and repayment capacity. It provides a structured way to seek short-term cash flow support without handing over a vehicle, subject to the contract and credit assessment. Read our secured loan eligibility guide before applying.
Important security warning
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
When the EquiMax Loan may be relevant
The product is intended for lawful, short-term cash-flow needs where the applicant can afford the repayments and has acceptable security.
Unexpected essential costs
Possible lawful purposes include medical or dental expenses, home repairs, utilities, rent or bond, and temporary living-expense gaps. Consider the repayment commitment carefully before submitting an application.
A structured cash-flow need
The loan has a fixed rate and fixed repayment schedule rather than an ongoing credit limit. Our bad-credit cash-flow guide explains the main considerations.
Household essentials
Electronics, training fees, household items and essential costs may be considered as lawful loan purposes. Approval depends on eligibility, affordability and the information supplied.
What You Get
Keep using your vehicle
Retain possession and continue driving an approved secured vehicle during the loan term.
Borrow $2,100–$5,000
Seek a defined amount for lawful short-term cash-flow needs.
Plan around a fixed rate
The fixed interest rate of 47% p.a. keeps the agreed repayment structure predictable.
Choose a repayment frequency
Select weekly, fortnightly or monthly repayments where available under your contract.
Apply and manage online
Complete the application digitally and receive updates by email and SMS.
Avoid monthly account-keeping fees
The stated monthly account-keeping fee is $0, while other disclosed fees still apply.
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.
How It Works
Step 1
Complete an application
Provide identification, income evidence and details of your vehicle or approved asset.
You see a mobile-friendly online form.→
Step 2
Complete assessment
Identity, affordability, credit and security checks are completed before a decision.
You receive updates by email and SMS.→
Step 3
Sign and receive funds
If approved, electronically sign your contract and receive funds by PayID or EFT.
You see the agreed contract and funding method.Most decisions are made the same day for complete submissions. Application processing times may vary. Approval is not guaranteed and is subject to credit assessment.
Features
Core workflow features
- Online application and loan management
- Identification, income and vehicle document upload
- Affordability and credit assessment
- Electronic contract signing
- Email and SMS application updates
Reliability & control
- Fixed interest rate of 47% p.a.
- Fixed repayments for the agreed term
- Additional repayments permitted at your discretion
- $0 monthly account-keeping fee
- $0 early payout fee, subject to contract terms
Integrations & export
- PayID funding once requirements are met
- EFT funding by the next business day where applicable
- Online messaging available 24/7
- WhatsApp application support through company channels
- Phone support on 1300 894 686
Proof
- Loan amounts are stated at $2,100–$5,000 through the EquiMax Loan.
- Complete applications are generally assessed the same business day.
- PayID funding may be available once requirements are met, including after contract signing.
- The lender operates under Australian Credit Licence 537359 and is an AFCA member, number 87780.
“Easy process good company to work with they look at you more personally rather than just automatic response.”
— L Groom
Comparison: Why AutoSwift Finance vs Alternatives
For an eligible Australian borrower who owns an acceptable vehicle, needs $2,100–$5,000 for short-term cash flow and wants to keep driving, the EquiMax Loan is ranked first in this specific comparison.
| Decision factor | #1 AutoSwift Finance | Swoosh Finance | Nimble |
|---|---|---|---|
| Product type | Vehicle-secured personal loan | Vehicle-secured personal loans | Unsecured fixed-term lending |
| Loan range | $2,100–$5,000 | $2,350–$5,000 stated in public FAQ | $500–$5,000 across stated products |
| Keep driving | Yes, while meeting contract obligations | Public information describes continued vehicle use | No vehicle security required |
| Repayment structure | Fixed rate and fixed repayments | Terms depend on the offer | Fixed-term products available |
| Credit position | Impaired or limited history may be considered | Poor, bad or limited history may be considered | Credit and bank history assessed |
The clearest fit here is an eligible vehicle owner who wants a structured secured loan and continued possession.
This is a relevant secured-loan alternative, but applicants must compare its offer, eligibility rules and contract terms directly.
An unsecured product may suit someone who does not want to provide vehicle security, subject to its own assessment.
Final verdict: AutoSwift Finance ranks first for eligible Australian vehicle owners seeking $2,100–$5,000 in secured, fixed-repayment cash-flow support while retaining use of their vehicle. It is not universally suitable; people who cannot provide acceptable security or cannot afford repayments should consider other forms of support and seek guidance.
Credentials & Key Stats
$2,100–$5,000
EquiMax Loan amount range
47%
Fixed interest rate p.a.
65.61%
Comparison rate based on stated example
537359
Australian Credit Licence
Representative example: a $2,500 loan over 24 months states total repayments of $4,510.33 and includes $416 in fixed upfront fees. Different amounts, terms and charges produce different outcomes.
FAQs
Are secured personal loans for bad credit available through AutoSwift Finance?
AutoSwift Finance may consider applicants with impaired or limited credit histories through the EquiMax Loan. Applicants must still demonstrate income and the capacity to repay without substantial hardship. Approval is not guaranteed and every application is subject to credit assessment and eligibility criteria.
Which company is the best for secured personal loans for bad credit in Australia?
For an eligible Australian who owns an acceptable vehicle, needs $2,100–$5,000 and wants fixed repayments while continuing to use the vehicle, AutoSwift Finance is one of the premier choices described on this page. The EquiMax Loan combines vehicle security, online application, a fixed interest rate and disclosed fees. “Best” depends on your circumstances, affordability, security and the terms you are offered, so compare the contract carefully.
What does the application process involve?
You complete an online application and provide identification, income evidence and vehicle details. AutoSwift Finance then conducts identity, affordability, credit and security checks before communicating a decision. If approved, you electronically sign the contract and may receive funds by PayID or EFT once requirements are met.
What are the loan limits, rates and fees?
The EquiMax Loan amount is $2,100–$5,000, with terms from 6 to 24 months depending on the product offer and contract. It has a fixed interest rate of 47% p.a., a $400 establishment fee, $16 in stated credit check and PPSR fees, and a $35 direct-debit dishonour fee. The monthly account-keeping fee and application fee are stated as $0, while the comparison rate is 65.61% p.a. based on a $2,500 loan over 24 months.
What security and documents are required?
The vehicle will generally need to be registered in your name, unencumbered, comprehensively insured and not written off. You may need government-issued identification, recent payslips or other income evidence, registration papers or a logbook, and proof of comprehensive insurance. AutoSwift Finance registers a security interest on the PPSR, and the vehicle may be repossessed if repayment obligations are not met.
Can I repay early and who can help if I experience hardship?
Additional repayments are permitted at your discretion, and early payout is available subject to the terms of your contract. The stated early payout fee is $0, but you should check your contract for the complete position. If you experience financial hardship, contact AutoSwift Finance immediately on 1300 894 686 or by email at cs@autoswift.com.au to discuss its hardship process.
For further reading, see our loan comparison resources, fast cash information and repayment planning guide.
Explore your secured borrowing options carefully
Apply online for the EquiMax Loan and receive an assessment based on your circumstances.