Car repairs and vehicle costs
Funds may be used for repair bills, registration, tyres or an insurance excess. You can learn more about car repair finance while keeping access to your vehicle.
What Is the EquiMax Loan? (Quick Definition)
The EquiMax Loan is a secured personal loan for eligible Australians who need short-term cash flow support and own an approved vehicle or asset. A PPSR security interest is registered over the security, but you keep full use and possession of your car while you meet the repayment obligations in your contract.
This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
If you are researching vehicle-secured loans, the key distinction is that this product is designed around continued vehicle use rather than surrendering the car.
When a Vehicle-Secured Loan May Help
The EquiMax Loan is intended for lawful, short-term needs where an eligible borrower can demonstrate capacity to make repayments without substantial hardship.
Unexpected essential expenses
Examples include medical or dental bills, home repairs, rent, bond, utilities and temporary living-expense gaps. These expenses remain subject to assessment and eligibility.
Work tools and essentials
Eligible purposes can include work equipment, tools, electronics and training fees. The loan is not designed for ongoing or revolving credit needs.
A defined short-term purpose
The EquiMax Loan is for a specific lawful cash flow need. It is not intended for debt consolidation or meeting arrears or repayments on another credit facility.
What You Get
The product combines vehicle security with a fixed repayment structure and online servicing.
Keep using your vehicle
Continue driving and using your approved vehicle throughout the loan term, subject to your contract.
Choose a repayment frequency
Select weekly, fortnightly or monthly repayments to align with your pay cycle.
Use fixed scheduled repayments
The scheduled repayment remains the same for the life of the fixed 12 month repayment term.
Apply and manage online
Complete the application online and use digital loan management throughout the loan term.
See itemised fees upfront
The fixed upfront fees total $416 and are deducted from the amount borrowed at the start.
Make extra repayments
Additional repayments are permitted at your discretion, with early payout available subject to contract terms.
How It Works
1
Step 1
Apply online
Complete the online application and provide identity, income, vehicle and insurance information when requested.
What you see: a digital application form.
2
Step 2
We assess your application
AutoSwift Finance checks identity, affordability, credit information and the vehicle security against eligibility criteria.
What you see: an assessed application and offer, if approved.
3
Step 3
Sign and receive funds
Sign electronically if approved, then receive funds by PayID, often within minutes of disbursement, or by EFT the next business day.
What you see: digital loan documents and funding instructions.
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.
Features (Grouped)
Core workflow features
- 100% online application
- Digital loan management
- Loan amounts from $2,100 to $5,000
- Fixed 12 month repayment term
- PayID or EFT funding options
Reliability & control
- Fixed interest rate of 47% p.a.
- Fixed scheduled repayments
- Weekly, fortnightly or monthly frequency
- No monthly account-keeping fee
- 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.
Integrations & export
- Electronic signing
- Online document upload
- PayID disbursement
- EFT next-business-day option
- Phone and WhatsApp application support
Eligibility and Vehicle Requirements
You may be eligible if you
- Are aged 18 or over.
- Are an Australian citizen, permanent resident or eligible Australian visa holder.
- Have an Australian residential address, contact number and email address.
- Have verifiable income and capacity to repay without substantial hardship.
- Can provide the information and documents reasonably required for assessment.
The vehicle generally needs to
- Be registered in your name.
- Be unencumbered, with no existing finance.
- Not be written off or stolen.
- Be comprehensively insured.
- Be an approved vehicle or asset under the credit policy.
Cars, utes and vans are typically accepted. Vehicles are assessed individually, so universal age or kilometre limits are not published. Approval is not guaranteed and every application is subject to credit assessment and affordability checks.
Proof: Product Facts and Customer Feedback
- $2,100–$5,000EquiMax Loan amount range, subject to approval and eligibility.
- Fixed 12 month termA defined repayment schedule rather than revolving credit.
- $0 monthly account-keeping feeEarly payout is also available subject to contract terms.
- Australian Credit Licence 537359Operated by Koala Enterprises Pty Ltd.
“Easy process good company to work with they look at you more personally rather than just automatic response.”
Fees and Representative Example
| Fee | Amount | Details |
|---|---|---|
| Establishment fee | $400 | Deducted from the loan amount at the start |
| PPSR Check fee | $2 | PPSR check |
| PPSR Registration fee | $6 | Security interest registration |
| Credit Check fee | $8 | Credit assessment check |
| Total fixed upfront fees | $416 | Deducted from the amount borrowed at the start |
| Application fee | $0 | Free to apply |
| Monthly account-keeping fee | $0 | No monthly account-keeping fee |
| Dishonoured Payment Fee | $35 | Per missed or returned scheduled payment |
| Early payout fee | $0 | Subject to contract terms |
| Reschedule Fee | $25 | Applies if a scheduled payment is rescheduled |
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.
Credentials & Key Stats
$2,100–$5,000
EquiMax Loan range
12 months
Fixed repayment term
$416
Fixed upfront fees
24/7
Online applications
Koala Enterprises Pty Ltd, ABN 19 655 850 409, Australian Credit Licence 537359.
Car equity loans may be relevant to readers comparing ways to borrow against an owned vehicle.
FAQs
Do I keep my car with a vehicle-secured loan?
Yes. With the EquiMax Loan, you retain full use and possession of your approved vehicle throughout the loan term. A PPSR security interest is registered, and you must continue meeting your contractual repayment obligations. This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
Is the EquiMax Loan secured?
Yes. The loan is secured against your registered vehicle or another approved asset, with a PPSR security interest registered. Your vehicle must generally be registered in your name, unencumbered, not written off or stolen, and comprehensively insured. This is a secured loan. If you fail to meet your repayment obligations, your secured asset may be repossessed.
What is the 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 is true only for that example and may not include all fees and charges.
Fixed interest rate of 47% p.a. Rates and fees apply. Refer to our Terms and Conditions for full details.
How much can I borrow and how long is the term?
The EquiMax Loan amount is between $2,100 and $5,000, subject to credit assessment and eligibility criteria. All EquiMax Loans have a fixed 12 month repayment term. Repayment frequency can be weekly, fortnightly or monthly.
Can I repay the loan early?
Yes. Additional repayments are permitted at your discretion, and early payout is available at any time subject to the terms of your contract. The early payout fee is $0. Check your loan contract for the specific payout conditions that apply.
Early payout is available subject to the terms of your contract.
How quickly can I receive a decision and funds?
Most decisions are made the same business day once all supporting documents are received, although processing times may vary. If approved and all requirements are met, funds 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.
For readers comparing car pawn loan alternatives, the important question is whether the arrangement lets you retain possession of the vehicle. AutoSwift Finance’s EquiMax Loan is a secured personal loan, not a vehicle pawnbroking arrangement.
Need short-term cash flow support while keeping access to your car?
Review the eligibility criteria and submit an application for consideration.
All applications are subject to credit assessment and eligibility criteria. AutoSwift Finance is operated by Koala Enterprises Pty Ltd (Australian Credit Licence 537359).