Bad Credit Loans up to $30,000

We'll give you a fair go - whatever your credit history!

  • Personal loans up to $30,0001
  • Secured Loans up to $75,0001
  • Any Credit Considered1
  • Fast Online Application
1. Subject to verification, suitability and affordability
Loans with bad credit up to $10,000 and up to $30,000 with security on your loan1
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We'll Give You a Fair Go!

Good Reviews Even with Bad credit!

Personal Loans - Easy with Money3!

Money3 specialises in giving people a fair go!

Whatever your credit needs1, Money3 has flexible bad credit loans to suit.

Get started by selecting the type of loan you are looking for. We have Personal Loans up to $30,000 for many purposes such as Car Repairs, Emergencies, Medical Expenses or even Special Occasions. Next, we'll need your contact and employment details to get your application started.

Your application will then be reviewed and providing the loan is suitable and affordable for you, it could then be approved.

1. Subject to verification, suitability and affordability

Centrelink? Poor Credit? Refused Elsewhere?

Getting your loan approved1 with Money3, may be easier than you think. Money3 will give you a fair go - with bad credit in the past or even when receiving benefits1. As long as you meet our basic criteria, and we are happy that the loan is suitable and affordable for you, then we will work with you to get your bad credit loans approved as soon as possible - whatever your credit history!

We will consider your loan application1, even if:

  • You are receiving disability or parenting pension payments
  • You have been refused credit elsewhere
  • You have retired and are on a pension
  • You don't have a good credit history
  • You are receiving Centrelink benefits*/ income1

Concerned whether you could qualify? Just complete the short Get Started form as we could help1 with bad credit loans or when receiving Centrelink benefits*.

1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

Bad Credit Loans

We'd like to see your loan approved soon as possible - whatever your credit history.

Even with bad credit in the past, as long as your income; that is earnings and benefit income totals $2,0801 a month or more, that you are an Australian resident, then you are likely to qualify1 for a Money3 personal loan with poor credit.

You Must:

  • Be Over 18 Years Old
  • Take Home Income (with benefits) over $480 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Account

Get started by completing the short form above. Tell us a little about yourself, and we'll take it from there and give you a call back.

1. Subject to verification, suitability and affordability

Example Bad Credit Loans Costs Chart

BorrowCostsRepay
$5,000$2,110$7,110
24 months at 16.95% APR & 37.39% Comparison Rate
$7,500$5,042$12,542
36 months at 16.95% APR & 37.39% Comparison Rate
$10,000$6,427$16,247
48 months at 16.95% APR & 35.44% Comparison Rate

EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.

Bad Credit Loan FAQs

Simply put, it is a personal loan to cater for people who have a bad credit rating or a bad credit history. If you have had bad credit, your chances of getting approved may be higher when applying with a lender who specialises in customers with bad credit than with mainstream lenders. Due to the potential increased risks to the lender, the APR of the loan may also be higher to the borrower, however the lender will often be more experienced and flexible if the borrower encounters difficulty making repayments during the term of the loan.

Yes, Money3 offers personal loans for people with bad credit in the past1. As long as the loan is affordable and suitable for you, we'll give your application a fair go, even if you have been refused credit by other lenders.

Everyone is different, but the application generally takes between 5 and 10 minutes to complete online. We need to take a record of your contact details, employment, income and expenses and then for you to submit a digital copy of your bank statements via our secure partner, illion. No paper docs need to be sent to us (in most cases) as the loan application is 100% online.

Yes it can. If you have a bad credit history, you can build up a good payment history with us that can be used to either get a better loan with us or with another credit provider.

Yes, but not all applications get credit checks performed. We only run credit checks after our initial review, if we believe the application has a chance of being successful.

Any previous unpaid defaults are taken into account when assessing your application.

Yes, you can1, depending on the affordability of the new loan and that you have the capacity to service both of your loans. If you are currently easily repaying your existing loan, then you may have the capacity to handle a new loan with us.

No sorry, Money3 does not offer payday loans(SACCs). See our cash loans page for details on our personal loans from $2,000 up to $30,000.

Sorry, if you are currently bankrupt, our bad credit loans are unsuitable, and we are unable to help you.

Yes, you can. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving benefits from Services Australia. See our Loans on Centrelink* page for more details.

1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments