Rating based on 30 reviews

Rapid Loans

  • Loans bad credit up to $10,000
  • Low-interest starting from 39%
  • Repayment up to 48 months

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Rapid Loans homepage
Author Rapid Loans. Screenshot of Rapid Loans website.
[Accessed April 17, 2018]

Rapid Loans - Fast bad credit loans

Rapid loans have helped over 25,000 Australian and New Zealand citizens with loans since 2003 when we first opened our doors.

The application process can be completed online and it is 100% free to apply for a loan through our service.

Rapid loans are a loan finding service that takes all the hard work out of applying for financing.

The first way we make it simple is by using our marvellous technology to help make applying even more simple.

Log onto our website 24 hours a day and complete the online application. Then follow the easy steps and let us do the rest.

Why you should choose Rapid Loans

The main difference between us and other loan finding or loan comparison services is that we provide 3 benefits to our customers

  1. The loan speed and ease of application as well as our high approval rating
  2. We pay the money directly into your account, as quickly as possible
  3. Personal customer service excellence and extra friendly service

Your personal loan expert

When you apply for a bad credit loan you will be assigned a consultant that will be there to assist you and answer questions you may have and address any concerns that may arise.

They will be there whenever you need them for the lifespan of your loan agreement.

Rapid Loans Services

Rapid loans offer short-term loans with a competitive interest rate that are designed to meet your budget requirements.

If you have a bad credit record and a low credit score, it can be very difficult to have your loan application approved. Banks and other lenders see you as a high-risk client and are hesitating to lend you money.

Understanding your credit report

When you apply for a bad credit loan or open a new account the provider will first have a look at your credit report to determine how risky it would be to lend you money.

If you are young and you don’t have any expenses or accounts yet it could be difficult for you to obtain a loan as you have little or no credit history.

Your credit history is a summary of all your expenses, accounts and payments that you have made. If you don’t make a payment or you make a late payment this information will be recorded and it will lower your credit score.

Before you apply for a personal loan:

  • Determine how much you need to borrow
  • Calculate how much your repayments will be. Use the calculator provided on the website to simplify this step
  • Work out how long it will take you in order to pay back the loan
  • Decide if you will list collateral to secure your loan or if an unsecured loan would be a better option for you and apply online
  • Compare quotes and select your preference
  • Ask our experts if you have any questions
  • Spend your money with no restrictions

Rapid Loans – Bad credit loan

  • Loan Type Loans bad credit
  • Interest Rate 3948% p/a
  • Loan Amount up to $10,000
  • Repayment 6 months to 48 months

Benefits of Rapid Loans

  • Simple online repayments
  • Loan terms and conditions are flexible
  • Interest rates are affordable

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Rapid Loans - Debt consolidation can help you

When you are struggling financially and your pre-existing debt is holding you down you should consider a debt consolidation loan.

The loan works by adding up all your existing debt and converting that debt into a fast loan. We then pay your debt on your behalf and you owe us for the total loan amount. This will help you save money and start to repair your credit history. You will no longer need to worry about late payments and penalty fees.

Your credit report will list that you have paid off your debt and now only have one monthly repayment to make on your consolidation loan. This will increase your credit score and make it easier to apply for credit in the future.

Solutions to suit your budget

We are there to help you take control of your debt and grow your financial bank balance. We offer tailor created solutions that are specially made to your individual needs and requirements in mind. The repayment terms are easy to manage and will align with your payment frequency.

Costs and fees explained

You will be charged a once off establishment fee of $328 and a monthly account management fee of $18 per month. Interest fee is charged at 3.3%per month

Benefits of debt consolidation

Consolidating your debt is an option for those clients that are struggling to juggle payments with multiple lenders. Benefits of debt consolidation include:

  • Save money – Each debt will be paid off at a settlement fee
  • One single loan repayment instead of multiple payments
  • Stop paying multiple fees to different accounts
  • Simplify your budget
  • Simplify your repayment schedule
  • Know how much you owe

When you put all your debt into one loan that only requires one easy to manage payment you might start to see the light at the end of the financial tunnel. Even if you have a bad credit record there are ways to improve it and your bad credit does not need to haunt you forever.

Not having enough money for the things that you need can be very stressful, the stress increases even worse if you have a bad credit score and you will find it more difficult to qualify for bad credit loans with traditional lenders.

Customer Reviews & Testimonials

If you need a loan in a hurry then Rapid Loans is the lender that you need to talk to. They are fast and efficient and know how to cut the right corners to ensure that you get the money you need ...

Mary S
— Wellington —

Rapid Loans offers a service that is second to none. Their staff is amazing; if you have any questions or concerns they will straighten you out in a jiffy. They even helped me to complete my loan...

Lyle D
— Queenstown —

For the most competitive interest rates I recommend Rapid Loans – they keep their eye on other lenders to ensure that you are always getting the best deal. Go have a look at their website – you w...

Bronwyn B
— Nelson —

Rapid Loans Contact

Contact Number



Physical Address

Postal Address

  • Level 31, Vero Ctr, 48 Shortland Street, Auckland, 1010, New Zealand

Opening Hours

  • not available