How Important is my Credit Report?
So you’re thinking of finally rewarding yourself with your dream ride. Or your rust bucket of a car has disintegrated and it’s time for an unscheduled upgrade.
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At Rapid Finance, we offer solution-based finance. Our personal loan specialists could help you find a loan that suits your circumstances and budget - even if you have a poor credit history. We arrange:
Our fast personal loans could give you the funds to spend however you like. We offer free assessments online, a speedy application process and hassle-free service. Get Started Now for your fast personal loan today.
Personal loans in Australia are versatile and can be used for a wide range of purposes, depending on your needs.
Here are some common uses for personal loans:
At Go Rapid, we are experts at finding finance and getting personal loans approved for all our customers - fast! Whatever your situation, even if you are self-employed or have had bad credit problems, we may be able to help get your personal loan approved fast.
Check out our bad credit loans to get started.
At Rapid, we understand that life is full of one-time opportunities and one-off expenses, that need to be fixed fast.
That's why we offer a fast personal loan application process. Start Your Application and one of our finance specialists will call you back and work out the best way that we can assist you get your personal loan approved - fast!
And it's why we endeavour to assist even if you have bad credit history.
So no matter what your financial situation is, Go Rapid, for fast personal loans - whatever your credit history.
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Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.
So you’re thinking of finally rewarding yourself with your dream ride. Or your rust bucket of a car has disintegrated and it’s time for an unscheduled upgrade.
Read moreChoosing between a personal loan and a car loan can be difficult and confusing. There are many things to consider and getting the right advice could save you a lot of money.
Read moreYes, it may be easier than you think, with the help and support of Rapid Finance!
From our 20 years experience specialising in finding funding for bad credit loans, we find that we can often help our clients get their finance approved, even when they didn't think it was possible - and fast.
Get started by completing the Free Finance Assessment, at the top of this page, or give us a call.
Yes, it is possible. With Rapid Finance, we have a number of lenders on our panel who will assess your income from Centrelink as well as from employment. So it is possible to get approved for a Centrelink loan up to $30,000 and sometimes more, depending on the loan purpose and the affordability of the loan for you.
At Go Rapid, we understand that everyone's financial journey is unique. For personal loans, you could potentially borrow up to $30,000. If you're considering car loans or other types of secured personal loans where you provide security, the amount can go up to $70,000. The precise amount is based on various factors, including your financial situation, the affordability of the loan, your loan requirements and your credit history. And, if you're curious about how lenders view you, based on your credit file, we offer a complimentary credit check that won't impact your credit file.
Engaging with a broker like Go Rapid offers several distinct advantages:
Unlike applying directly with a lender and potentially getting your application rejected, with a 'hard check' loan enquiry on your credit file. When you apply via a broker, such as Go Rapid, we can access your credit file in what is known as a 'soft check', which means the enquiry will not be noted on your credit file. This is a great advantage, when you are experiencing difficulties getting your loan approved. We can view the file and match you to a lender who we know, via our 20 years experience, is more likely to approve your loan application.
Yes, you could. Rapid Finance are experts at not only finding the best finance options available for our customers and negotiating good loan terms that take your financial situation into account, but also in getting fast loan approvals.
When you apply with us, it is possible to get your loan approved on the same day, but also very common within 24 hours. Depending on your situation, we may require additional documentation, such as bank statements, payslips or Centrelink income statements. When documents are requested, it is important they are provided as soon as possible for fast approval of your personal loans.
There are a number of ways you can get started:
Once you have got started, it is easy for us to follow up, and see how we can assist you:
Contact You: We will contact you, by phone is best, as we can learn more about your situation and needs and answer any questions or concerns you may have about the process. We may ask for additional information, depending on your circumstances, to assist us, such as bank statements, payslips or Centrelink income statements.
Assess Your Situation: We will review your income and expenses, as well as your credit file and any debts or other financial commitments you may have. We will then be able to determine what your strong and weak points are, which we can use to negotiate, for you, suitable loan options.
Compare Loan Products: After we have all the details we need, we will be able to compare and match you with lenders and loan products which may be suitable and more likely to approve your application.
Find a Suitable Loan: When we have found a suitable lender, we will review this with you and then submit the application for you, on your behalf.
You Get Approved: As we have good relationships with the lenders, there is a very high chance of approval with the selected lender, and your application is approved.
Improve Your Credit Score: After making repayments on your loan, your credit score will generally improve. This should enable you to help repair your credit score, to obtain better finance, at better loan rates, with other lenders in the future.
We offer comprehensive coverage for personal loans across every state and territory in Australia. No matter where you're located, from the bustling cities to the serene countryside, we've got you covered. Here's a breakdown of our services across Australia:
No matter where you are in Australia, our personal loan services are designed to be flexible, accommodating, and responsive to your specific financial needs and circumstances - whatever your credit history. We strive to provide a seamless and efficient loan process, ensuring that wherever you are in Australia, our expert financial assistance is always within reach.
Yes, over 90 percent of the time, it is easy to get a personal loan with bad credit. We find that even when our customers think they have very bad credit and won't be able to get their loan approved, we could still help.
Rapid Finance is a specialist loan broker with over 20 years experience helping people with bad credit get their personal loans approved - easily! We work with a large panel of lenders and have access to hundreds of loan products, which means we can often match applicants with very bad credit, quickly and easily.
Even if you have experienced dishonours, loan or credit card defaults, are in a Part IX debt agreement (or discharged debt agreements) or bankruptcy - we can often help! Check out our bad credit personal loans to learn more or get started.
Both cash loans and personal loans provide funds, but they serve different purposes:
Please note that Go Rapid specialises in fast personal loans, whatever your credit background. We do not offer cash loans.
At Go Rapid, our personal loans provide flexibility for many purposes. However, there are certain things they shouldn't be used for:
Note: In Australia, it's a requirement for lenders to ask about the purpose of your loan as part of the assessment process, as part of their responsible lending obligations.
If you have been refused credit recently, or in the past, you may think your chances are low for getting a loan application approved. The truth is that, it may be easier than you think. All lenders are different and look at bad credit in general and types of bad credit differently.
Rapid Finance are experts, having over 20 years experience getting loans approved for people with bad credit, low credit or who may have been refused credit due to their income type or when receiving Centrelink benefits. We work with a panel of specialist lenders and know which lenders can approve applications from all sorts of bad marks' on your credit file. Whether it is defaults, Part IX Debt Agreements, low credit scores or bankruptcy, we could help, often without you having to improve your credit score first!
However, in general, there are several steps you can take to improve your chances of getting your loan approved:
Improve Your Credit Score: Your credit score is one of the key factors most lenders consider when deciding whether to approve a loan. Paying your bills on time, reducing the amount you owe, and keeping unused credit cards open are all methods to improve your credit score.
Have a Stable Income: Lenders want to see that you have a stable income and will be able to make your loan payments. If you've just started a new job or your income is irregular, this might affect your chances of getting a loan.
Reduce Your Debt-to-Income Ratio: Lenders look at the amount of debt you have compared to your income. Reducing this ratio by paying down debt can improve your chances of getting a loan.
Provide Security: If you're applying for a secured loan, providing collateral can improve your chances of getting approved. This gives the lender something of value they can take if you fail to repay the loan.
No, not necessarily. We help finance both secured and unsecured personal loans. Whether your loan is secured or unsecured may depend on your individual financial situation and preference.
By opting for a secured loan, we may be able to negotiate a lower interest rate and better loan terms, than when a loan is unsecured. This is due to there being less potential risk to the lender.
The type of security offered will depend on your assets available, but may include your car or home.
Yes, we will - but we will not leave a mark on your credit file. As a broker, we will be able to access your credit file, in the same manner as you would, when you view your credit file for free with us, and so will not result in a 'hard hit' on your credit file.
When we have found a loan product and lender which is likely to accept your application, we will discuss the process with you first, before we negotiate further with the lender. When we submit your application, the lender may run a full credit check or a 'hard hit' on your credit file. So in practice, usually, only the lender who is likely to accept your application will leave a mark on your credit file.
So by applying through us, unlike other brokers, or when you make multiple applications directly, your credit file will be protected against multiple hard hits, which could negatively affect your credit rating.