Get a bad credit loan that's right for you
With access to an extensive range of financial products, Rapid Finance could help you - in spite of bad credit. Click below to read more about the types of loans that may be available to you.
Others call it "bad credit". We call it our specialty. Even if you've been turned away by the banks, or have had problems with defaults in the past, we could still help. So don't give up. With decades of industry experience, our experts will endeavour to find you the right bad credit loan.
Loan Type | Loan Term | Who is this Product for? | Loan Purpose | Min Loan Amount | Max Loan Amount | |
---|---|---|---|---|---|---|
Bad Credit Car Loans | 1-7 Years | People who have a bad credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined | Purchase of Vehicle | $2,000 | $70,000 | Learn More |
Bad Credit Home Loans | 10-30 Years | People wanting to refinance who may have credit defaults, ex bankrupt, Part XI, poor credit rating or have been previously declined | Purchase of Home | $200,000 | No fixed maximum | Learn More |
Debt Consolidation | 10-30 Years | Home owner/Buyers. Looking to utilise equity to condolidate loans and debts into one managemeble payment | Debt consolidation/Mortgage refinance | $200,000 | No fixed maximum | Learn More |
Bad Credit Bike Loans | 1-5 Years | People who have a bad credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined | Purchase of Bike | $2,000 | $30,000 | Learn More |
Bad Credit Boat Loans |
1-5 Years | People who have a bad credit history including: ex bankrupt, Part XI, credit defaults, poor credit rating or have been previously declined | Purchase of Boat | $2,000 | $30,000 | Learn More |
With access to an extensive range of financial products, Rapid Finance could help you - in spite of bad credit. Click below to read more about the types of loans that may be available to you.
Save – putting aside whatever you can, no matter how little, shows lenders you're financially responsible.
Pay debts –pay more than the minimum repayments on credit cards and other loans.
Pay bills on time - avoid dishonours by making sure you have enough in your account to cover direct debits. Overdrawing an account will be recorded on your credit history and can hurt your chances of getting finance.
Check your credit history for mistakes – often, defaults are listed on credit files in error or without proper diligence. A finance expert can check for mistakes and help you get them removed from the credit reporting agencies' records.
Speak to a broker – a finance broker can approach lenders on your behalf and advocate the strengths of your financial situation. Call 1300 467 274 to find out if we can help you.
How much would a bad credit loan cost you per month? Use our finance calculators and see whether the amount you want to borrow is affordable. Adjust the loan options to find out what terms could be right for you.
Give it a shot!
So you’re thinking of finally rewarding yourself with your dream ride. Or your rust bucket of a car has disintegrated and it’s time for an unscheduled upgrade.
Read moreIt’s quite easy to take your car for granted when it’s sitting in your driveway awaiting your instructions for take-off. But what if it wasn’t there.
Read moreThe irony of a credit score is that, often, people don’t know what theirs is like until they need to rely on it. So, how do you know if you have bad credit? And what does it mean for your loan application?
Read moreA bad credit loan is a finance product for individuals with less-than-ideal credit histories. Bad credit loans can be used for various reasons, just like a standard loan.
There is no such thing as guaranteed approval for bad credit loans. In fact, obtaining finance with bad credit can be tricky. There may be obstacles like defaults, part ix agreements and bankruptcy to overcome before lenders will consider approving a loan.
But with hard work and patience, getting loan approval is possible. And at Rapid, we're not shy of hard work. We'll speak to as many lenders as we need to in order to find finance that suits your circumstances. Call 1300 467 274 to find out how we could help you.
Any loan application takes time; applicants with bad credit may have to clear more hurdles than those with a clean credit history.
But with patience, we could help you find the best loan for your circumstances.
While we search for the best possible equipment loan for your circumstances, we'll give you an instant, honest assessment of your chances of obtaining finance. Even if we can't help you today, we can advise you on the best course of action to get finance in the future.
Similar basic information is used to assess an applicant whether or not they have bad credit. This includes personal and financial details, like level of earnings and work history.
The big difference comes when the lender runs a credit check. If multiple defaults, bankruptcies or part ix agreements show up, it can make obtaining finance more difficult.
But not impossible.
Rapid Finance can give you an honest assessment of how your overall circumstances look to potential lenders. Crucially, we have the industry knowledge to ensure the positive aspects of your loan application are emphasised. It gives you the best chance possible of having your application assessed fairly.
Great work on paying down your debts! The good news is we've helped plenty of people with a paid-out part ix on their credit file. That's because we're experts in presenting the best case possible to the financial institutions we work with. We'll ensure the paid-out ix is considered fairly as part of your application - rather than it being the focal point. Call 1300 467 274 to find out if you can obtain car finance with bad credit.
See the table at the top of this page for example interest rates. It's important to remember that while bad credit can affect the interest rate of a loan, that rate is also affected by other factors - like your personal and financial circumstances.
If you have outstanding debts, use the money you've saved to pay them out first. This will improve your chances of obtaining finance.
If your debts are paid, the larger a deposit you can put on a loan, the better. A large deposit means the lender is taking a small financial risk, which could result in a more favourable interest rate. Call 1300 467 274 and we'll help turn that deposit into a new car.
27 September
Finance approval was real quick. I got the approval within minutes. Martin really did a great job. I would definitely refer my friends here. No hassles, rapid approval. What else can you get...
Read Full Review27 September
Very well assisted with finance and constant communication at all steps of the process. Very good advice and not a pushy service.
Read Full Review27 September
Am very happy with the outcome and will be recommending Rapid Finance to friends
Read Full Review