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A secured personal loan is a type of loan guaranteed by an asset, like a car. This asset is used as security over the term of the loan so that you have a simple way to get some much-needed cash.
If you’re in need of fast cash today, even if you’ve got bad credit, let us do the heavy lifting. Swoosh is a local secured loan lender. With our simple online loan application and speedy approvals, you can get a personal collateral loan in a matter of hours!*
Guide to instant approval personal loans
What is a secured loan?
A secured loan is a loan where an asset that you own, like a can or motorbike, is used to guarantee the loan. They are called “secured loans” or ”collateral loans” because of the security they provide for the lender. If the borrower doesn’t make their repayments, the asset can be possessed by the lender and sold to pay back the loan.
Find out more: What is a Secured Loan?
How to get a secured loan
It’s easy and fast to get a secured loan using your car as collateral with Swoosh. Because of our fast and highly secure systems, our process is hassle-free, free to apply, and entirely online. You could be getting the decision you need in an instant. We follow 3 simple steps:
1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. Approval of your loan is provided within 60 minutes of receiving your information (during business hours)*. The decision will arrive promptly — right in your inbox.
3. After approval, an offer is sent to you via email. Once you’ve electronically signed the contract, we’ll send the money directly to your bank account!
Apply for a small secured loan today
Since we’re 100% online, everything can be done from your tablet, computer, or mobile phone.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Are secured loans easier to get?
Loans with collateral are generally easier to get than unsecured loans, you may also be eligible to borrow more money.
We strive to make our loans as accessible as possible, so all Swoosh personal collateral loans are secured either by your car or another vehicle in your name.
When to get a secured loan
At Swoosh we know that life can give us all sorts of unexpected challenges, and we want to help. You may want to apply for a secured loan for situations like:
Car rego pagement
Educational or training courses
Holidays and flights
Debt Consolidation
Travel and social plans that require extra cash
No matter the situation, we’re here to help provide you the best Secured Loans for your circumstance.
How much can I borrow?
We offer secured loans from $2,200 to $5,000. Simply enter the amount you need on your application, and we’ll handle the rest.
Eligibility for secured loans Australia
Getting a small cash loan with Swoosh is easy. If you meet these simple secured personal loan requirements, you’re ready to apply today.
Be 18 years or older
Be a permanent resident or valid visa holder of Australia
Employed 3 months or longer
Own a vehicle registered in your name
Applications come with no obligation — they can be paused or stopped at any time.
Secured personal loan rates & fees
At Swoosh, we’re different to other lenders, we’re upfront and honest about our cost structure and process.
| Online cash loan amount | $2,200 to $5,000 |
| Application Fee | $0 (even if your application is not approved) |
| Standard establishment fee | $400 |
| Other Fees | $16 (included in loan) |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly or monthly (based on your payday) |
| Direct debit dishonour fee | $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
Learn more: Rates & Fees
Loan interest rates and dishonour fee
Swoosh interest charges are calculated daily on your outstanding balance. Your interest rate is fixed for the loan term and determined based on the outstanding balance.
If a scheduled payment is returned unpaid, a $35.00 direct debit dishonour fee may be issued.
Secured loans with bad credit
Swoosh offers secured personal loans for people with bad credit history. We want you to receive the assistance you need, so we look at more than just your credit history. We look at the ‘here and now’ of your financial situation so we can help as many people as possible, including those rejected by the big banks.
Can I get guaranteed approval on a secured personal loan with bad credit?
While we cannot offer 100% guaranteed approval, we offer guaranteed approval on bad and very bad credit loan applications for Australians who meet our eligibility & lending criteria.
Collateral loans, bad credit, & responsible lending
At Swoosh, we believe in responsible lending, because we want the best for you.
We practise responsible and trustworthy lending, only approving your application if we believe you can repay the loan.
Repayment options
At Swoosh, we like to make things stress-free. That’s why we offer flexible repayment schedules that align with your paydays. Repayments can be automatically set for weekly, fortnightly, or monthly payments.
Why choose Swoosh for secured lending?
We pride ourselves on having one of the fastest, easiest, most straightforward process. Rather than navigating through tons of paperwork and dodging hidden costs, Swoosh partners with you every step of the way to offer the best possible secured loans for your circumstance, quickly.
Swoosh will:
- Help you get back on track
- Provide the cash you need, when you need it
- Make the application as easy as possible
- Approve your loan within one business day
- Provide the funds on-time
- Keep all of your information safe through our secure online system
What Swoosh customers love about our secured personal loans
With our quick approval process and friendly service, Swoosh customers appreciate:
- Our simple online application
- Fast approval with direct deposit
- 100% online service
- Our secure systems
- Flexible repayment schedules
- Transparent communication with no nasty surprises
Got questions?
Contact us to get your questions answered, or to discuss your individual case.
**WARNING: This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Different terms, fees or other loan amounts might result in a different comparison rate.
FAQs
Is it hard to get a secured loan?
It’s simple, fast, and easy to apply and get approved for a secured loan with us. As long as we have all the information we need, you could be approved the same day you apply.
Secured loans vs unsecured loans
A secured loan uses an asset, often a car, as collateral for your loan. Whereas an unsecured loan does not use any type of asset as security. The increased risk to the lender means unsecured loans tend to come with higher interest rates.
Read more on the difference between secured and unsecured loans.
Can a secured loan help build credit?
Yes, a secured cash loan can help you build credit. Making repayments and settling your loan will help build a good credit score.
Is a secured personal loan a good idea?
Secured loans can be an easy way to get cash quickly and often have lower interest rates than unsecured loans. Whether it is the right financial choice for you will depend on your unique situation. It is always good practice to see what your options are and weigh the pros and cons before deciding to apply.
Can you pay off a secured loan early?
Yes! You can pay off your secured loan early when you are with Swoosh and we won’t charge you any early repayment fees.
Testimonials
Jade was really easy to deal with very efficient and I had no dramas understanding any of the things she needed to complete
sam johnston
Caring excellent customer service very efficient fast with email replies very helpful every step of the way would highly recommend her
Donna Moroney
I've always had a good experience with swoosh and today with Ana was no different, she gets back to me really quick and is easy to deal with
clint bindley
Carin has been really helpful in assisting me with my application. Very professional! Thanks so much Carin!
Eric & Zephy
Fast service friendly team. Ana has been wonderful. Recommending her highly.
Melissa Wilson
Had excellent service bestowed my way with Swoosh, always up and ready to help. Stacey, Carin and others help out in every way possible, timely responses and overall a pleasure. Thanks Swoosh team :-)
Tales from the Crypto
Swoosh is a professional high quality business and would like to thank in particular Stacey and Ryan for their professionalism in dealing with customers and their knowledge and responsiveness to processing applications.
Naseer Mansour
Very helpful and very understanding. I dealt with Ana and she was an absolute pleasure to deal with.
Tohi Ridings
Great service..very helpful and hands on with customers. Process went smooth n fast.
Thanks you Ana for your great help .much appreciated
J R
Highly recommended if you meet the criteria, very helpful staff have dealt with them all on multiple occasions.
Ana is amazing at what she does extremely easy to deal with and gets things done...
Shayne Khan
The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
