Swoosh Finance Secured Car Loan Review

Get a loan from Swoosh Finance with terms of up to 7 years.

If you’re in need of quick funding, you can apply for a Swoosh Finance Secured Car Loan from $2,000 to $100,000. If approved, you can receive your cash deposit on the same day. You’ll have 7 years to repay your loan.

No reviews yet. Write a review

6.35% - 18.95%

Interest Rate (p.a.)


Max. Loan Amount


Product NameSwoosh Finance Secured Car Loan
Interest Rate (p.a.)6.35% - 18.95%
Min. Loan Amount$2,000
Max. Loan Amount$100,000
Loan SecuritySecured
Loan TermUp to 7 years
Turnaround TimeSame day upon approval
More Info

Pros and cons


  • Long repayment terms
  • High maximum loan amount
  • Same-day loan approval
  • Automated repayments


  • $450 broker fee
  • High interest rate

Main points to consider with a Swoosh Finance car loan?

You can apply for a loan from Swoosh Finance online in just five minutes and receive conditional loan approval within 60 minutes during business hours. After you sign the contract electronically, you’ll receive your deposit directly into your bank account on the same day (depending on your bank, it might take 24-48 hours for you to receive the transferred funds). If you return your contract after 3:30pm NZDT, funds will be transferred to you on the next day.

Swoosh Finance offers terms up to 7 years, with repayments made weekly, fortnightly or monthly, depending on your pay schedule. Repayments will be automatically direct debited from your bank account.

Features of a car loan from Swoosh Finance

Swoosh Finance offers a range of features, including:

  • Quick application. You can easily submit an application online in less than 5 minutes. Swoosh accesses your last 90 days of statement history via BankStatements.com.nz to process your loan.
  • Same-day turnaround. Loan approval will usually happen within 60 minutes if you apply during normal business hours. Return your contract before 3:30pm NZDT and you’ll get transferred the funds overnight. Applications submitted during public holidays, weekends or after COB will be processed the next business day.
  • Auto repayments. Repayments will be direct debited from your bank account on an agreed regular basis.
  • Longer repayment terms. Swoosh Finance offers terms up to 7 years, which is significantly longer than other provider loans available.
  • Lump sum payments. If you want to make a lump sum payment, you won’t be charged a penalty for doing so.

How much will the loan cost?

The following fees may apply to your loan:

  • Establishment fee: $200
  • Broker fee: $450
  • Early repayment fee: Calculated when the loan is repaid.

    Ready to apply? Here’s how

    Check you meet these requirements to apply for a Swoosh Finance car loan:

      • Age. Be 22 years or older.
      • Residency. Be a permanent New Zealand resident.
      • Employment. Be employed for 3 months or more.
      • Income. Earn $400 per week minimum.
      • Security. Own a vehicle registered in your name.

      Bottom line

      Secured car loans from Swoosh Finance range between $2,000 and $100,000 with flexible loan terms and tailored interest rates. It takes five minutes to apply online and release of funds is typically within 24 hours. Make sure you’re aware of all the fees that come with a Swoosh Finance car loan before you apply through their website.

      Compare car finance

      Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
      Simplify Secured Car Loan
      6.25% - 12.50%
      12 - 60 months
      $100 - $500
      Eligibility: Must be 18+, a New Zealand resident or permanent citizen and have an income of at least $500 per month.
      See how much you could borrow without affecting your credit score.
      MTF Finance Secured Car Loan
      8.20% - 20.20%
      3 to 60 months
      Eligibility: Must be 18+, be an NZ citizen, resident or have a work visa, and have a regular source of income.
      Secured car loans from $2,000.
      FROM 6.99%
      The Co-operative Bank Unsecured Personal Loan
      6.99% - 19.99%
      6 months to 5 years
      Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
      Floating-rate, unsecured personal loans from $3,000.
      Kiwi Car Loans Secured Loan
      6.95% - 19.95%
      1 to 7 years
      $195 - $995 depending on lender
      Eligibility: Be 18+, an NZ citizen, permanent resident or have a work visa, and have an income of least $500 per week.
      100% online secured car loans from $5,000
      Lending Crowd Secured Car Loan
      5.03% - 15.44%
      3 or 5 years
      $450 - $1,450 depending on the amount borrowed
      Eligibility: Be a NZ resident/citizen and have a good credit score.
      Borrow $5,050 to $200,000 for your chosen vehicle. 100% online with no paperwork or early repayment fees.
      CarFinance2U Car Loan
      8.95% - 23.95%
      1 - 5 years
      Eligibility: Be at least 21 years old, have a valid NZ driver's licence and be an NZ citizen or permanent resident.
      With a CarFinance2U secured or unsecured car loan you could get pre-approval for your next car in 30 minutes.

      Compare up to 4 providers

      Go to site