Rating based on 30 reviews

Swoosh Finance

  • Loans bad credit up to $5,000
  • Low-interest starting from 66%
  • Repayment up to 24 months

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Swoosh Finance homepage
Author Swoosh Finance. Screenshot of Swoosh Finance website.
[Accessed May 24, 2023]

About Swoosh Finance

Based in Queensland, Swoosh Finance offer Australians secured personal loans. They're a reliable lender that provides flexibility and helps those who can’t get credit elsewhere.

If you need money fast then you’re probably looking for an alternative credit provider that can get things done online and Swoosh loans are the perfect solution. They offer quick loans online that can be secured against any fully owned vehicle.

Swoosh Finance is an online lending platform that offers fast cash loans to Australians. Founded by a team with extensive experience in the finance industry, they aim to provide a convenient and friendly alternative to traditional lenders.

They specialise in secured finance options and consider each individual's situation, regardless of their credit history.

Committed to responsible lending, they ensure that loans are only approved if you have the ability to repay. With a focus on exemplary customer service and a simple, secure process, Swoosh Finance is dedicated to helping its customers in times of financial need.

Reasons to choose Swoosh Finance

  • Loan from $2,000 to $5,000
  • Longer loan terms for increase affordability
  • Secure against your car – not a property
  • Bankrupt and bad credit customers welcome
  • Fast paperless application
  • Everything is verified online
  • Total security guaranteed

Swoosh loans: Your FAQ's answered

Their website is relatively simple and easy to navigate and their frequently asked questions section has a lot of information.  

The application is easy to access and easy to complete requiring only about 10 minutes of your time. If you need a fast loan that truly does away with all the hassle than Swoosh loans may just be the ideal option for you! 

Swoosh Finance Services

Swoosh Finance offers short term loans that are secured against the borrower’s vehicle. The loans range from $2,000 to $5,000 and carry loan terms from 12 to 24 months.

While most personal loans are unsecured, there are times when a borrower does not qualify or, when they simply need more than an unsecured loan will offer them and, that’s when a loan from Swoosh Finance comes in. Secured loans typically carry lower interest rates and are the preferred choice for those with bad credit histories.

Swoosh loans: Considering your financial situation

In contrast to traditional lenders, Swoosh Finance takes into account an individual's current financial situation rather than solely relying on their credit history. The company offers loan amounts ranging from $2,000 to $5,000, providing repayment terms that span from one to two years. Notably, there is no application fee associated with their loan process.

Flexible repayment options and establishment fee

While Swoosh Finance acknowledges that interest rates may be slightly higher due to the potential risks involved with poor credit, they strive to ensure that their loans remain affordable and manageable for borrowers. To enhance flexibility, borrowers have the option to select from various repayment schedules such as weekly, fortnightly, or monthly, aligning with their payday.

While a Swoosh loan will not require an application fee, an establishment fee is imposed upon loan approval. Given the relatively smaller loan sizes and shorter terms associated with their personal loans, it's worth noting that the interest rates offered by Swoosh Finance tend to be above average.

A responsible lender

As a responsible lender, Swoosh Finance will run a credit check, review your 3-month bank statements and ensure you can afford the loan repayments based on your income and expenses as reflected in your statements.

They will consider bad credit borrowers, people who are blacklisted and those who are under a part IX debt agreements for a loan provided that they can afford it.

Repaying your loan

You can choose to repay your bad credit loan in fortnightly, weekly or monthly repayments and the agreed upon amount will de debited from your account automatically via direct debit.

Swoosh Finance – Bad credit loan

  • Loan Type Loans bad credit
  • Interest Rate from 66%
  • Loan Amount up to $5,000
  • Repayment 12 months to 24 months

Benefits of Swoosh Finance

  • Interest rates starting from 66%
  • Quick online loan applications
  • Bad credit loans up to $5,000
  • Convenient loan terms up to 24 months

Bad credit loan calculator

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

Get a loan even if your credit isn’t perfect!

Swoosh Finance offers bad credit loans too – as long as the borrower is able to offer up his or her fully owned vehicle in exchange for the short-term loans.

Swoosh loans eligibility and supporting docs required

Eligibility for a loan:

  • 18 or older
  • Employed and earning a stable income
  • Permanent resident or citizen of Australia
  • Able to offer security

What you’ll need to apply:

  • 3 months bank statements
  • BSB
  • Account number

The process:

In order to get a short-term loan you will have to make an online loan application with Swoosh Finance via their website.

Once you’ve applied they will send you an email and ask you for the necessary supporting documentation. Your online loan application is then reviewed and you will then receive an offer. Once you’ve digitally signed the contract Swoosh Finance will send the money to your account and this usually happens in 24 hours or less. If you need a loan that is easy to apply for and, that you can get even with bad credit, this lender will meet your needs. In addition, they are easily contactable which is something very appreciated in the alternative and online finance world.

Check your application status

Once all the necessary documents and information have been submitted, you have the convenience of checking the status of your loan application at any time. 

Commitment to easy and quick loans

Swoosh Finance prioritises meeting the urgent financial needs of individuals by providing quick and hassle-free loan solutions. To ensure a seamless borrowing experience, the company boasts a team of skilled and professional experts who work diligently to facilitate the loan process. The exceptional service customers receive when they opt for Swoosh loans has been widely recognised, as evidenced by their awards for service in 2018 and 2019 from Word of Mouth.

Transparency is a core value at Swoosh Finance, starting from the very beginning of the customer's journey. The company strives to provide customers with comprehensive information about their loan, including all associated costs and the final repayment amount. By being upfront about all the details, Swoosh Finance empowers borrowers to stay in control and avoid any unexpected surprises in the future.

man holding thumbs up

Swoosh Finance is a trusted & reliable provider of loans bad credit

In our review, Swoosh Finance adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Swoosh Finance is a registered credit provider in Australia: ACL 387993

Customer Reviews & Testimonials

August 2018

Everything was transparent and very easy to understand which made me feel like I was in control.

Molly S
— Gold Coast —

January 2019

As a customer, you expect to receive a service that is professional. But what I didn’t expect was the warmth that I got from the Swoosh team. You guys are fantastic at what you do. Good job!

Arlo P
— Melbourne —

July 2018

Even though my credit history usually writes me off with other lenders, Swoosh Finance was willing to look at my situation and give me a chance, which I’m so grateful for.

Toby G
— Darwin —

Swoosh Finance Contact

Physical Address

Postal Address

  • 33/207 Currumburra Road, Ashmore, 4214, Australia

Opening Hours

  • Monday 07:00 – 17:00
  • Tuesday 07:00 – 17:00
  • Wednesday 07:00 – 17:00
  • Thursday 07:00 – 17:00
  • Friday 07:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed