Cash loan for car

A car loan is simply a personal loan that can come in handy when you need extra money to buy a new car or a second hand one or when you want to refinance your current vehicle. MiFinance has made the online application easy and direct.

The approval process is easy for the customers and less time-consuming. With high approval ratings, MiFinance is here to lend you secured loans even if you have a bad credit score.

Don’t hesitate to apply for your bad credit history. MiFinance doesn’t conduct unnecessary credit checks that can lower your bad credit rating further. Apply online today and get car loans faster than you ever imagined.

Who can apply for a cash loan?

You must fulfil the minimal criteria to borrow money for your car from MiFinance.

  • To get a personal loan, you must be at least 18 years old.
  • All facilities of personal loans by MiFinance are exclusive to Australian citizens.
  • For an unsecured personal loan, a regular income for the last three months is necessary.
  • To get an instant cash bad credit loan, you only need a valid mobile phone number and an email address.

The application process for fast cash loans

To borrow any personal loan and get the money into the bank account instantly, one has to follow three simple steps.

Apply online

Two major things in an online application are deciding the personal loan amount you are willing to borrow and the monthly repayment schedule you are comfortable with. The cash loan calculator on the website will give you an estimate of the regular payments you need to make after taking the personal loan based on your loan term.

Wait while MiFinance is analysing the loan contracts

Once you have applied for personal loans, you need to wait for approval. Looking past your bad credit scores, MiFinance tries to get you a payday lender who is comfortable with the interest rates.

Get your money via bank transfer

If the lender agrees to your personal loan request, you will get the funds transferred to your bank account directly.

Unsecured personal loans

An unsecured personal loan is nothing but a cash loan where you don’t need to put any collateral. These cash loans are hard to get.

If you are planning to apply for an unsecured loan, you must have a steady income, and your bank statements will be analysed thoroughly by the lender. Although these types of cash loans don’t come with additional fees, you must not overlook the establishment fee associated with them. Know the annual percentage rate and the comparison rate for your cash loan before applying.

If you are not comfortable with the monthly repayments, you can either consider other loan options or go for other lenders through MiFinance.

Secured loan

Secured loans are cash loans with collateral. In a secured car loan, you can pawn your car to get extra cash fast. A secured loan is more of a pawn loan.

If you are up for a loan against your car to get cash instantly, MiFinance can get you a reliable car pawnbroker. In a car pawn shop, your vehicle will be tested fast to evaluate its value as collateral. Once you decide how much cash can be lent against your car, the loan term will be fixed. There won’t be a credit check.

If you are comfortable with the loan amounts and terms, you should only move forward to get the secured loan.

Loan repayments are much more serious in secured loans, as you can lose your collateral if not paid according to the loan rates and terms.

Why should you choose us?

Mifinance holds an authentic Australian credit licence and strictly adhere to the National Consumer Credit Protection Act of 2009. At MiFinance, we provide secured loans with standard fixed interest rates without conducting a single credit check. You can even speak with a free consultant during the loan application process. Get a loan today without any hidden fees and charges from MiFinance.

We understand that unexpected expenses can force you to borrow a loan amount bigger than you can handle. To avoid any future discrepancies, our whole process to get a loan is designed so that you only borrow the cash loans you are financially capable of repaying.

Each car pawnbroker we provide is experienced, reliable and legal. They don’t demand a credit check for any client. If you face any problem with the loan amounts from the lender’s side, we’ll take full responsibility.

For any queries, call us during business hours any day and get an additional free consultancy.


How much does a small loan cost?

Our loans have a straightforward cost structure; 20% of the principal amount (settlement fee) + 4% of the principal amount per month. We do not charge interest on our loans. Our Loan Costs website is the simplest method to figure out how much your loan will cost. But with secured loans, you can get more loan amounts.

What if I miss the repayment schedule?

If you cannot repay on time, please notify us as soon as possible so that we can postpone or amend the payback to accommodate you. The charge for agreeing to a request to reduce a payment amount is $20. The cost for missing or dishonouring a payback is $30.

We don’t impose a fee if you’re behind on your payments. If we cannot collect a debt after 60 days, we may refer it to debt collectors, and you may have a default posted on your credit file, which can affect your credit history for up to 5 years. So, if you’re having problems repaying, it’s better to contact us right away to work something out together.

What if I have a bad credit history?

For a secured loan, MiFinance doesn’t do a credit check before lending a secured loan. We tend to avoid unnecessary credit checks that can affect our client’s credit history. Even with bad credit, our approval rates are high.