Bad Credit Loans

Bad credit Personal Loans

A bad credit loan is possible. In fact, At Rapid Finance, we have helped thousands of Australians with a poor credit history. If you have unpaid defaults, credit card debts, or little documentation and need money to buy a car, home or bike, get started today:

  • Poor Credit History Accepted
  • Apply with No 'Hard' Credit Checks
  • Get up to $30,000 Unsecured
  • Get up to $100,000 Secured
  • Employed or Self Employed Considered
  • Income Over $700 P/W Accepted
  • Friendly & Helpful Team

If you're looking for a bad credit personal loan, allow Rapid Finance to do the work for you. A friendly credit specialist from our team will identify your financial strengths and use them to negotiate with various lenders. Not sure if a personal loan is the right choice? View our full range of bad credit loan options

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What are Bad Credit Personal Loans?

Bad credit personal loans are specifically designed to help applicants with a poor credit history or a low credit score.  For example, those who've experienced credit defaults, bankruptcy, or part IX debt agreements. Loans for bad credit, provide funds for a range of personal expenses, such as unexpected bills and temporary shortfalls in cash. These loans are available through Australian lenders and brokers who understand that you may have difficulty getting approved for traditional loans due to your credit history and who are experienced in assisting people with credit problems.

Advantages to Loans for People with Bad Credit

There are several advantages as a borrower:

  • Access to funds: After being refused credit from traditional lenders and banks, these loans could give you the cash or funds you need - without waiting for your credit to improve.
  • Improve your credit score: By making timely payments on your personal loan, you could improve your credit score over time, which may increase your chances of getting approved for better loan terms in the future.
  • Debt consolidation: You could use a personal loan with bad credit to consolidate high-interest debts, such as credit card balances, into a single loan with a lower interest rate. This could save you money on interest payments and simplify your debt repayment process.
  • Financial emergencies: Poor credit score loans could provide quick access to funds in case of emergencies, like medical expenses or unexpected repairs.
  • Flexible terms: Personal loans with bad credit often have flexible repayment terms, allowing you to choose a repayment term that best suits your financial situation.
  • Unsecured loans: Loans with poor credit are sometimes unsecured, which means you don't have to provide collateral to secure the loan. This can be advantageous if you don't have valuable assets to offer as collateral, such as a car or house.

Bad Credit Loans in Australia

Get your loan approved with Rapid Finance

Don't worry if you've had credit challenges in the past or have been rejected by the banks. Whether you need cash loans for emergency expenses, car repairs, a holiday or need a loan with bad credit for some other reason, we're happy to help. Our expert finance consultants can help find the right solution for your circumstances:

Even with a low credit score, we have access to a large panel of lenders, all with different rules on who they will lend to. We'll do our best to match you with the right lender - fast!

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Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.

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Rapid Resources

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Bad Credit Loans - Frequently Asked Questions