Quick Answer
Yes, it’s possible to take out loans against your car and still drive it in Australia. These are called car collateral loans, where your car is used as security for the loan, but you retain use of the vehicle while meeting the agreed repayments. At Quickzy Finance, we offer secured personal loans from $2,417 to $5,000 (inclusive of fees), assessed with responsible lending in mind.
Introduction: Why Car Collateral Loans Are Popular
For many Australians, a car isn’t just a vehicle it’s a lifeline for work, family, and daily commitments. Selling your car to free up funds isn’t practical when you still need it to get around. That’s where loans against car and still drive it come in.
These loans provide a way to unlock value from your asset without giving up access. You continue driving your car while using it as security for a loan, offering a balance of flexibility and responsibility.
Step 1: What Are Loans Against Car and Still Drive It?
A car collateral loan (sometimes called a secured personal loan) is when a lender accepts your car as security for the loan amount.
Key points:
- The car must be registered in your name.
- You keep driving the vehicle during the loan term.
- The loan is repaid in fixed instalments (weekly, fortnightly, or monthly).
- If repayments are not maintained, the lender has rights over the secured asset.
At Quickzy Finance, all terms are outlined clearly in your loan contract so you know exactly what to expect.
Step 2: How the Process Works
Here is a practical overview of the car collateral loan process in Australia:
- Application –You will fill out a simple online form with your personal and financial details.
- Assessment –Lenders will check your eligibility, income and expenditure to ensure your repayments will be affordable and reasonable level to meet their lending obligations under responsible lending criteria.
- Security Confirmation – Once the lender verifies the car details (ownership, registration and in some cases the valuation) and establishes the level of risk it may have with vehicle itself.
- Approval & Contract – You receive your loan contract if approved, it will clearly outline loan amount, term, fees and repayment schedule.
- Funds Disbursed –Once you have signed the contract, the funds will be transferred into your nominated bank account.
- Drive as Normal – Live your life and drive your car back to normal while you repay the loan repayments.
At Quickzy Finance, most applications are reviewed within 2 hours during business hours, subject to assessment.
See how we support bad credit loans applications
Step 3: Benefits of Loans Against Car and Still Drive It
- Continue driving your vehicle while utilizing your available funds.
- Increased chance of approval compared to some unsecured loans.
- Clear repayment structure with fixed terms.
- Use funding for anything from a necessary repair to covering bills.
Step 4: Risks and Considerations
Although car collateral loans may be a sensible option, be sure to consider the risks:
- if you are unable to make the repayment, your car may be at risk since it is the asset that is secured by the loan.
- There are interest rates and fees involved (all disclosed to you up front).
- Be sure to only borrow what you can reasonably pay back.
It is always a good idea to review the loan regulations before you agree.
Support When You Need It Most
Quickzy Finance is here for everyday Aussies facing unexpected expenses. Secure, transparent, and responsible lending.
Apply securely online
Assessment within 2 hours (business hours)
Transparent fees and terms
Real support, not false promises
Fees, criteria, and terms and conditions apply. All loans are subject to assessment under our credit licence (ACL 544927). Borrow responsibly only what you need and can afford.
Quickzy Finance: Our Approach
At Quickzy Finance, we don’t overpromise. We believe in responsible lending that’s upfront, transparent, and timely.
- Clear assessments – Every application is reviewed fairly.
- No hidden costs – All fees are outlined in your loan agreement.
- Timely reviews – Most applications reviewed within 2 hours (business hours).
Supportive approach – We consider your current financial situation, not just your credit history.
What Can Delay the Process?
Even with efficient systems, some factors may slow down loans against car and still drive it:
- Missing documents (like proof of ID or car registration).
- Inconsistent income records.
- Applying outside lender business hours.
- Bank clearance times for transfers.
Quickzy Tip: Submitting complete and accurate documents is the best way to avoid delays.
Final Word: Borrowing With Confidence
Loans against car and still drive it provide a balance of flexibility and responsibility. You gain access to funds without giving up your car but only if the loan is suitable and affordable.
At Quickzy Finance, we provide secure, transparent, and responsible lending solutions so you can borrow with confidence.
📍 Visit: quickzy.com.au
📞 1300 243 191 | 📧 care@quickzy.com.au
Fees, criteria, and terms and conditions apply. Quickzy Finance holds Australian Credit Licence 544927. Borrow responsibly only borrow what you need and can afford.
FAQ’s
Can I get a loan against my car and still drive it?
Yes, you can. With a car collateral loan, your car is used as security, but you continue driving it while repaying the loan.
How much can I borrow against my car?
At Quickzy Finance, loan amounts typically range from $2,417 to $5,000 inclusive of fees, subject to assessment and eligibility.
Do I need good credit for a car collateral loan?
Not necessarily. While credit history is considered, we also review your banking conduct, income, and overall situation.
How fast can I get funds?
Most applications are reviewed within 2 hours during business hours, with funds often available the same day, depending on bank transfer speeds.
What happens if I can’t make repayments?
As with all secured loans, the lender has rights over the asset. That’s why it’s important to borrow only what you can afford and contact us early if you face financial hardship.
Discover Loans Designed for Real Life
Fees, criteria, and terms and conditions apply. All loans are subject to assessment under our credit licence (ACL 544927). Borrow responsibly only what you need and can afford.
