Loan Against Car – Apply For Secured Loans Online Up To $10,000

Loan against car: secured finance for Aussies looking to borrow cash amounts up to $10,000. Find out more today with Monzi. Our Aussie lender-finder service could match you with a lender in just 60 minutes. With easy applications and no paperwork, Monzi might be the convenient choice for you. Apply now.

Loan against car: Monzi explains

Looking to borrow a large sum? If you need a loan from $2,100 to $10,000, then you will be applying for what’s known as a secured loan. In short, with a secured loan, you must provide an asset to guarantee the loan (referred to as security). With this, if you default on the loan, your lender may take steps to repossess the asset to recover their losses.

Ultimately, security is about risk. For small cash loans, it’s not a requirement. However, as cash amounts increase, so does your lender’s risk, should you fail to repay what you owe. That’s why you may need to apply for a loan against car to access the cash you need when your budget can’t quite stretch.

With this, your personal vehicle will be the security on the loan. Luckily, it’s only a safeguard. In other words, you can carry on driving your car while you make your loan repayments. However, if you default, then repossession may occur.

While that covers the basics of getting a loan against your car, there is much more to consider. Read on as Monzi covers everything from the risks and consequences to how you can apply. Let’s go.

Why would I need a loan against my car?

A loan against your car is a secured loan. With this, secured loans may come with benefits that make them more advantageous than unsecured loans for some borrowers.

Firstly, secured loans are larger than unsecured loans. As a result, if a loan of up to $2,000 won’t quite cut it and you’ve got a significant expense on your hands, then you may need to apply for a secured loan.

In addition to this, a secured loan may increase the likelihood of approval, particularly for borrowers with bad credit. In short, this comes down to the fact that it’s guaranteed. By taking out a loan against your car, you reduce the lender’s risk. As a result, they may be more willing to consider your application.

Loan against my car that is paid off: what are the requirements?

Lenders may vary in their specific policies regarding the vehicle you can use to secure your loan. However, generally speaking, your car must check a number of boxes. As a guide, this may include:

  • The vehicle is registered in your name.
  • The vehicle provides adequate value (i.e. you cannot use a car worth $2,000 to secure a $10,000 loan).
  • You have sufficient equity in the vehicle to cover the loan (if you do not own the car outright).
  • The vehicle is under a certain age (requirements may vary between lenders).

As Monzi is a lender-finder, we cannot say with certainty if you can use your car to secure a loan. The above list simply provides an outline of the possible criteria. If you are matched with a lender, they may outline the exact requirements for you.

Can I get a loan against my car with bad credit?

Most lenders are wary of borrowers with bad credit. After all, it’s a reflection of your past and, often, past behaviour is the best indicator of future behaviour. Given this, a few blemishes and black marks on your credit report can make it difficult for you to access the personal loans or other credit products you need.

That said, Monzi knows some lenders who do things differently. In other words, they may consider offering bad credit loans. With this, rather than putting all their attention on your credit history, they’ll put plenty of stock in your current circumstances too. As a result, if you’ve got your budget under control, then some cash loans may be accessible for you.

In addition to this, it’s worth noting that if you have an eligible asset, then applying for secured loans with bad credit may improve your chances of approval or allow you to borrow a more significant amount. After all, by guaranteeing the loan, your lender faces less risk if you default. That said, approval is never certain.

Loan against car no credit check

Unfortunately, lenders will almost certainly conduct a credit check on your application. As a result, if you’re seeking personal loans with no credit check, then your options may be limited.

Ultimately, lenders use credit checks to assess your creditworthiness and overall reliability as a borrower. After all, if they are going to lend you money, they want to evaluate your ability to repay it. This will be the case regardless of whether you apply for a loan against car or not.

That said, some lenders may allow you to bypass a credit check in rare circumstances. However, Monzi cannot guarantee if this will be possible when you use our lender-finder service.

Finally, credit checks don’t have to be the end of the world. Monzi knows many lenders willing to consider offering bad credit cash loans. As a result, a credit check may not always be the end of the line.

Loan against my car Sydney

Hi Sydney.

If you need a personal loan against your car, Monzi’s 100% online lender-finder could be there to help. In short, we operate Australia-wide. So, whether you need cash loans Sydney secured against your vehicle or quick cash in some other location, apply today. Given that we know lenders offering loans from $300 to $10,000, there may be a reasonable and manageable option available for your budget.

Apply now.

Cash loan against car: why might I need to apply?

Loans against cars are usually reserved for major, unexpected expenses that your budget simply can’t cover. After all, in most cases, you may be borrowing cash amounts from $2,100 to $10,000. As a result, it’s no small commitment.

Luckily, at Monzi, we work with plenty of understanding lenders. With this, they know that financial emergencies come in a range of different shapes, sizes and forms. As a result, you can potentially access cash loans to cover almost any legitimate expense that appears on your radar.

That said, some reasons for applying with Monzi are undoubtedly more common than others. So, check the list below and you may discover that you’re certainly not alone in dealing with financial headaches:

  • Major car repairs
  • Significant household maintenance, repairs or renovations
  • New appliances or technology
  • Emergency travel
  • Rental bond
  • Debt consolidation

Get a loan against my car today

Do you have a bill to pay today? While it’s never good to leave things to the last minute, if you need a same day loan secured against your vehicle, then there may be some options available to you.

If you apply for a secured loan with Monzi, we may match you with a lender in just 60 minutes. However, this is contingent upon you applying during business hours and providing all the necessary information that a lender requires to assess your application.

At that point, we’ll get out of the way and your lender will take over. They will complete an assessment and, if everything goes to plan, you may be approved on the same day that you applied. Once you’ve signed your contract, your lender will transfer the cash, meaning when you have access to it may be determined by the relevant interbank transfer times.

However, keep in mind that secured loans on the same day may not always be possible. There are many steps in the assessment process, so you should account for a waiting time of at least one business day. In addition to this, secured loans may not be assessed as quickly as unsecured loans, given that your lender may need to verify that the vehicle meets the necessary requirements.

Can I get a loan against my car and still drive it?


If you use your car as security on a loan, that doesn’t mean you have to hand it over. Moreover, you don’t have to stop driving it either. Instead, you can carry on with your normal life.

This may be a big relief. After all, it’s almost impossible to live without a car. It doesn’t matter whether you need it to get to and from work or get the kids to school on time. Not having access to a reliable vehicle can create a significant headache.

Ultimately, guaranteeing a loan with your vehicle is a safeguard for your lender. If you make your repayments without issue, then your car won’t even come into the picture. However, if you start missing repayments and default on your loan, you may risk losing your car via repossession. That said, it will usually be the last resort for lenders.

What about a loan against used car?

Yes. However, you may need to contact your lender to make sure.

As we’ve already touched on, to use a vehicle as security on a loan, you must be the registered owner and have adequate equity in it. Moreover, the car must have sufficient value and be under a certain age.

Given this, if a used car meets all of the lender’s criteria, then you could use it as collateral on your loan. However, if it doesn’t provide enough value to secure your loan or is too old, your application may be denied. Given this, you may need to contact your lender directly to determine whether you can use your second-hand car.

Where can I get a loan against my car?

Most lenders will offer secured loans. This includes both banks and new-age, online credit providers. However, with so much choice, you may be stuck wondering where to start. That’s where Monzi may come to the rescue.

Rather than scanning through endless search results promising you loans against your car, our lender-finder can make things easy. While we’re not lenders and won’t let you borrow money, we could put you in touch with an Aussie lender who may. As a result, you can avoid much of the stress and hassle when you need emergency cash and need it fast!

Apply today from $300 to $10,000. From there, we’ll do our best to find an available lender for you. Repayment terms may be offered from 12 to 24 months, so you can cover your bills today and divide your costs into a series of manageable repayments that work for your budget.

Finally, note that you can get a loan against your car for amounts ranging from $2,100 to $10,000. However, loans under $2,000 will be unsecured. So, consider how much you need to borrow and what’s right for you before applying.

I want to apply with Monzi: am I eligible?

Monzi’s here to help when you need quick cash. However, while we endeavour to help all Australians, we do have a few eligibility criteria that you must meet before applying. See below:

  • Australian citizen or permanent resident.
  • At least 18 years old.
  • Have an active email address and phone number.
  • Can provide details of an online bank account, where your income is deposited, with at least three months of history.

Satisfied that you’re eligible? Ready to move onto an application? Read on to find out how you can apply for a loan with Monzi today.

How do I apply for a secured loan against my car?

Now the moment you’ve been waiting for. Applying is the first step on your journey to potentially getting a loan against your car. At Monzi, we’ve made it easy for you. Just complete these easy steps and you’re underway:

  1. Select your loan amount and repayment term. Follow the prompts and provide the necessary personal and financial details to complete Monzi’s online application form. Then, hit ‘Submit.’
  2. At this point, your work is done and you can put your feet up. Once we receive your application, our automated system takes over and will attempt to match you with an available lender from our network. Apply during business hours and you may receive an outcome within the hour.
  3. Keep an eye on your phone because we will be in touch with an outcome. If we successfully pair you with a lender, then they will contact you to outline the next steps.

That’s all you need to do. However, note that not all applications will be successful. Credit providers must lend responsibly, meaning you won’t be approved for a loan if the terms are unsuitable for your means, needs and objectives.

Loan against car that is blue with white wheels

What information do I need to provide?

Applying for a secured cash loan is easy with Monzi. However, lenders require some key details from you that they will use to assess your application. If you fail to provide any of the necessary information, then your outcome may be delayed or your application may be denied.

Given this, before you head up to Monzi’s loan slider and launch into an application, make sure that you can provide the following:

  • Personal details (e.g. name, driver’s licence, address)
  • Online banking details
  • MyGov account information
  • Employment details
  • An estimate of your current expenses
  • Your reason for applying and the amount you want to borrow

How does repossession work?

Repossession is fairly straightforward. If you take out a secured loan, then it will likely be guaranteed by your car. With this, if you begin to fall behind on your repayments and ultimately default on your loan, then your lender may take legal steps to recover your car. From there, they may sell it to recoup the losses incurred on your loan.

That said, repossession is usually a last resort. In addition to this, as a borrower, you are protected as lenders must follow a number of protocols. In any case, always aim to make your loan repayments on time to ensure that repossession doesn’t eventuate.

For more information, discover Moneysmart’s guide to repossessed goods and cars today. It may provide you with the information that you need to know.

Can I get a loan against my car on the weekend?

Yes, potentially.

As a lender-finder, Monzi can operate 24/7. As a result, if you need cash loans on the weekend, you’re welcome to apply. From there, we’ll do our best to match you with a lender.

Unfortunately, though, lenders may not be able to assess your application outside of normal business hours. As a result, you may need to wait until the next business day for your application to be processed.

Not to worry, though. Monzi is always ready to receive your application. While you may not receive your cash right away, you can always apply when you see the first signs of trouble. It’s quick, easy and you can potentially borrow amounts from $300 to $10,000 to cover your current cash shortfall. Just remember that lenders charge fees and interest, meaning costs may be high.

What about if I’m a Centrelink recipient?

If Centrelink benefit payments account for a significant portion of your income, lenders may limit the amount you are able to borrow. In some cases, this may be $2,000. In others, you may borrow up to $5,000. Ultimately, it comes down to your financial situation and your lender’s policy.

With this, before applying for a loan on Centrelink, ensure that you are eligible. Typically, you must have been receiving an on-going payment for at least three months. However, payments such as Youth Allowance may be ineligible.

In addition to this, note that not all lenders view benefit payments the same. While some accept them as income, others may not. In other words, your outcome may vary based on your lender.

In any case, if you need a loan on Centrelink, then providing your car as security may improve your chances of approval. However, lenders will assess your complete financial situation to determine your outcome. Moreover, cash loans may be expensive, so if you’re a low-income earner, it may be best to investigate alternatives (e.g. additional government support).

Loan against car: are there any alternatives?


Loan against car may be what you’re searching for. However, lenders may accept a range of other assets as collateral too. With this, the requirements will generally be the same. In other words, the asset must have value and be registered in your name.

To give you an idea, alternatives to using your car as security on a loan include:

  • Caravans
  • Boats
  • Motorbikes

In addition to this, some lenders may accept other valuables, such as jewellery or even art. However, you may need to contact them directly to determine your options.

What about unsecured loans?

Not every loan must be secured. If you just need a small loan ranging from $300 to $2,000 rather than something large, then these loans will be unsecured. In other words, there’s no obligation for you to provide an asset as security. Instead, you just have to make your repayments on time and in full until the balance of your loan hits zero.

Obviously, the benefit is that with an unsecured loan, there is less risk of losing your car. However, given that these loans aren’t guaranteed, you cannot borrow as much. Moreover, if you have bad credit, then it may be harder to secure approval.

Ultimately, if you’re looking to apply for a small cash amount, then an unsecured personal loan may be right for you. However, secured loans may be your only option if you’re dealing with a major expense and need a loan.

Can I get a loan against car: assessments

Unfortunately, Monzi cannot say if you can get a loan against your car. As we are not lenders, we don’t conduct assessments. In other words, it will come down to the lender that you are dealing with.

While assessment procedures do vary between lenders, generally speaking, they’ll usually consider similar factors to determine your outcome. As a guide, this may include:

  • Credit history: most lenders won’t offer loans with no credit check. Instead, they will analyse your credit to determine your reliability as a borrower. If you have a low credit score, then this may make it more difficult to receive approval.
  • Your budget: what is your income and what are your expenses? Lenders want to see that you are managing your money well.
  • The loan you applied for: how do the proposed terms of your loan work with your current budget? In other words, are the repayments affordable for you? In addition to this, are you applying for a secured or unsecured loan?

Finally, note that lenders cannot offer guaranteed approval loans even if you do provide security. Lenders must comply with Australia’s responsible lending legislation. As a result, they will always take the time to determine if the loan you applied for is right for your circumstances.

Is it possible to get a bank loan against my car title?


While Monzi works with lenders who operate online, if you’d like to take a more traditional approach, then you may be able to access bank loans secured against a personal vehicle. Often, banks may be a realistic option if you’re looking to borrow amounts exceeding $10,000.

However, before applying, ensure you compare your personal loan options. Banks and online lenders may vary in the terms they offer. So, do your research to determine which is right for you.

If you decide to apply for a bank loan, then contact them directly. However, if you’d prefer the convenience and ease of an online loan, don’t hesitate to apply with Monzi.

Loan against my car Gold Coast

The Gold Coast may be Australia’s number one entertainment location. With a vibrant nightlife and beautiful, sandy beaches, there’s almost nowhere better to spend your holidays.

However, the Gold Coast isn’t just a holiday location. It’s Australia’s sixth-largest city by population too. With this, there are plenty of residents who may be looking for secured cash loans on the Gold Coast at one time or another.

With this, if you need emergency cash in Coolangatta or fast approval loans in Southport, let Monzi lead the way. Apply for a loan against your car on the Gold Coast for up to $10,000. We may be able to match you with a lender before you know it. Let’s go.

Cash loan against your car Melbourne

Living life in Australia’s cultural capital?

While Melbourne may be one of Australia’s most livable cities, residents are still all too familiar with the highs and lows of managing their personal finances. Luckily, Monzi’s here to help Aussies from all over the map.

So, if you need cash loans in Melbourne, don’t hesitate to apply. With secured and unsecured credit options available, there may be an option that works for you. It doesn’t matter whether you need to cover emergency vet bills or need some household renovations, a cash loan may be one option for you.

Apply for instant cash loans from $300 to $10,000 in Melbourne now. We’re always here to receive your application.

Is it bad to use your car as collateral on a loan?

Ultimately, whether or not it is a good idea may come down to your financial situation and how you manage your loan. As a result, Monzi cannot provide advice that’s relevant to your financial situation.

In any case, if you need a fast cash loan over $2,000, then you will be applying for a secured loan. If you can make your repayments without issue, then using your car as collateral may be a useful way to allow you to access the cash you need. After all, you can still drive your car when it’s being used as security.

However, if you borrow more than you can afford to repay and find yourself unable to make repayments, then using your car as collateral may be disastrous. Not only will a loan default hurt your credit score, but via repossession, you may lose your car too.

Given this, it’s up to you to consider your financial situation and budget before applying. Taking out a loan against your car is a risk and should not be done on a whim. If you are unsure, it may be best to approach a qualified financial professional for assistance.

So, can I get a secured loan from Monzi?


As we’ve mentioned, Monzi is a lender-finder. As a result, we’re simply the bridge between borrowers and lenders. In other words, we won’t offer loans against cars, but instead may put you in touch with a lender who can help.

Given this, it’s important to understand the benefits of applying with Monzi. While you may think that a lender-finder isn’t what you’re looking for, we could make your life a little easier. Sure, you could try to find a lender. However, why not just apply here.

Once we receive your application, we’ll scan our network of lenders to try and find an available credit provider who may consider your application. If we find a match for you, then your lender will be in touch before you know it.

So, if you’re looking to avoid the stress and hassle when you need an emergency secured loan, apply with Monzi. We may connect you with a great Aussie lender today.

Contact us

Curious about what Monzi’s lender-finder can do for you? Reach out.

We love hearing from our users and want to ensure that you are totally confident and comfortable before applying. So, if you’ve got any questions about our service or organisation, contact our friendly customer service team at From there, we’ll do our best to respond ASAP.

However, keep in mind that Monzi is not a lender. As a result, we cannot speak with certainty regarding the loans you may be offered. Instead, you may need to contact a lender directly.

Loan against car: apply today

After a secured loan to cover that major expense that’s got you down? Apply with Monzi today.

With cash loans from $300 to $10,000, you may be able to borrow the money you need now. Best of all, you can divide the cost into even repayments over terms ranging from 12 to 24 months.

However, ensure you consider the risks before applying for a secured loan. In other words, remember that if you default on your loan, then your lender may repossess your car so it’s crucial to only borrow what you can afford to repay.

Finally, for more great Monzi content, follow us on Facebook, Instagram, Twitter and Pinterest for all our latest news and updates.

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You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000


12 months (minimum)

12 months (maximum)


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. The minimum and maximum loan term is 12 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

67.41% Comparison Rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

48% Comparison Rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.