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Bad Credit Loans up to $12,0001

Personal loans up to $8,000 and up to $12,000 with security on your loan1

  • Personal Loans
  • Secured Vehicle Loans
  • Centrelink Considered
  • Poor Credit History Considered1
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Latest Loan Reviews

Any Credit Considered!

Even with a poor credit history, Money3 specialises in giving people a fair go!

If you have bad credit, we may be able to help where other lenders can't. We will look into your current financial situation and commitments, when assessing your application. A bad mark on your credit file may not automatically exclude you from borrowing with Money3, unlike with other lenders.

To assist you getting back on track, when assessing your loan, we will set the amount borrowed and any repayments at an affordable level, so you will be better able to manage your financial commitments, when repaying your loan with us. Building up a good repayment history with Money3 could help get you a better loan in the future.

Got Bad Credit & Rejected Elsewhere?

We will look at your application when other lenders won't - Money3 will give you a fair go! If you can pass our basic criteria and we have determined that the loan is suitable and affordable for you, then you could borrow from Money3 - Even with a poor credit hstory!

We will consider your loan application1, even if:

  • You are receiving disability or parenting pension payments
  • You have had loan applications rejected by other lenders
  • You are retired and on a pension
  • You have a bad credit history
  • You are receiving Centrelink income
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Bad Credit Loans up to $12,000

Getting Your Loan Approved with a Poor Credit History

As long as you meet our basic criteria, bad credit or not, your application has a good chance of being approved1.

Your income form earnings and/ or Centrelink must total $1,600 a month or more and you must be an Australian resident - all good so far? Then you are likely to qualify1.

You Must:

Common Questions

What is a bad credit loan?

A bad credit loan is much like other loan, except the lender specialises in dealing with people with bad credit. The risks for the lender are higher, so the cost of the loan may be higher as well. Someone who has bad credit will most likely get their application automatically rejected from mainstream lenders and so getting a bad credit loan may be a good option.

Could a loan with Money3 help repair my credit rating?

Yes it could. 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.

Will Money3 do credit checks on my application?

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.

I have defaulted on a previous loan with Money3. Will that affect my application?

If your previous loan has now been repaid, then it shouldn't negatively affect your application. However, any previous unpaid defaults are taken into account when assessing your application.

I have been declared bankrupt - can I get a bad credit loan with Money3?

Sorry, no. If you are currently bankrupt, we will be unable to offer you a loan.

Can I get a loan with really bad credit?

Yes, it is possible. Unlike many other lenders, Money3 will look at your current situation and finances when reviewing your application. Bad credit or really bad credit in the past, does not mean your application would automatically be declined with us. When reviewing your application and looking at your current situation and finances, we will determine whether any loan is affordable and suitable to your needs1.

Example Bad Credit Loans Costs Chart

Platinum
19.95% APR
Silver
25.00% APR
Bronze
28.00% APR
Borrow Costs Repay
$5,000 $2,211 $7,211
24 Months at 19.95% APR & 35.97% Comparison Rate
$7,500 $3,316 $10,816
24 Months at 19.95% APR & 39.00% Comparison Rate
$10,000 $6,803 $16,803
36 Months at 19.95% APR & 38.18% Comparison Rate
$12,500 $8,252 $20,752
36 Months at 19.95% APR & 37.19% Comparison Rate
$15,000 $9,701 $24,701
36 Months at 19.95% APR & 36.53% Comparison Rate
Borrow Costs Repay
$5,000 $2,557 $7,557
24 Months at 25.00% APR & 44.43% Comparison Rate
$7,500 $3,835 $11,335
24 Months at 25.00% APR & 44.43% Comparison Rate
$10,000 $7,903 $17,903
36 Months at 25.00% APR & 43.47% Comparison Rate
$12,500 $9,627 $22,127
36 Months at 25.00% APR && 42.51% Comparison Rate
$15,000 $11,351 $26,351
36 Months at 25.00% APR & 41.87% Comparison Rate
Borrow Costs Repay
$5,000 $2,767 $7,767
24 Months at 28.00% APR & 47.66% Comparison Rate
$7,500 $4,150 $11,650
24 Months at 28.00% APR & 47.66% Comparison Rate
$10,000 $8,577 $18,577
36 Months at 28.00% APR & 46.62% Comparison Rate
$12,500 $10,469 $22,969
36 Months at 28.00% APR && 45.68% Comparison Rate
$15,000 $12,361 $27,361
36 Months at 28.00% APR & 45.05% Comparison Rate

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