If you have been knocked back by the big banks due to bad credit or a mark on your credit file, Money3 could help1.
Everybody deserves a second chance and our team at Money3 will do our best to give you a fair go. Our second chance car loans are available for any type of vehicle from a new or used car to a truck or campervan. Your application will be considered regardless of whether you are receiving Centrelink payments or have a bad credit rating.
The easiest way to find out how much you can borrow is to apply for second chance finance now and get your loan application pre-approved. Simply complete the short form above and give us a few details about yourself so that we can get back in touch with you. After this short form has been submitted, your interest will be registered and we will do our best to get back to you with the conditions of your second chance finance as soon as possible during office hours.
To speed things up, you will be given the option to provide some additional details online, so that we have enough information to assess your second chance finance application quickly. This may include verifying your identity, your income and expenses and other individual financial circumstances.
1. Subject to verification, suitability and affordability
Vehicle Finance
Cars
Motorbikes
Used Cars
Campervans
Vans
Minibuses
Caravans
Trailers
Boats
Jet Skis
Trucks
Ride on Mowers
Getting your loan approved1 with Money3, may be easier than you think. Money3 will go the extra mile for your loan approval. Even if you are on Centrelink benefits or have a bad credit history, as long as you meet our basic criteria and the loan is suitable and affordable for you, then you are likely to be approved!
Your pre-approval is a loan offer and is subject to final approval by Money3.
With Money3 you'll get a second chance1, even if:
1. Subject to verification, suitability and affordability
We'd like to see you driving away with your new car as soon as possible.
If you already have a car or other vehicle in mind, or are looking to find out how much you could borrow first, we'd like to help.
Even with bad credit, as long as you are an Australian resident and your income; that is earnings and Centrelink income totals $2,0801 a month or more, you are likely to qualify1.
To apply for a second chance loan in Australia, you must:
Get started by completing the short form above. Tell us a little about yourself and we'll take it from there and we can give you a call back or you can continue your application, giving us all the information we need to assess your loan pre-approval. This includes bad credit car loans.
Our loan services are available around the country, including second chance car finance Brisbane, Melbourne, Sydney and Perth.
1. Subject to verification, suitability and affordability
A second chance car loan is also called a bad credit car loan. These loans are generally offered by lenders who specialise in offering loans to customers who may have had their applications rejected by other lenders and may be willing to give the customer a 'second chance'. They are similar to any other car loan, however, due to the increased risk to the lender, the interest and repayment rates may be higher. With Money3, we like to give everyone a fair go1 or a second chance, so we will take your situation into consideration, so that the repayments are affordable to you.
Second chance financing means being given a 2nd chance to obtain a loan. At Money3, we may offer you a flexible secured loan product to help you finance your car. Similar to a traditional loan, second chance loans often involve a careful assessment of your credit score, car finance history, and income levels.
We will make sure to assess your loan application in detail so that you are able to finance your dream vehicle and 2nd chance cars stress-free.
Advantages
Disadvantages
At Money3, we will give you a fair go1, so getting approved may be easier than you think. Other lenders may regard your bad credit as too much of a risk and won't give you a second chance. We will look at your individual situation, when reviewing your application and will do our best to make sure that your repayments are reasonable and affordable to you and receive a 2nd chance finance1.
Yes you could get a second chance1. We will look at your current situation afresh and won't automatically reject your application, despite to mistakes that may have happened in the past.
Yes, you could1. At Money3, our second chance finance specialist will assess your loan application and determine whether or not we can offer you our 2nd chance loans for bad credit or bad credit car loans. This second chance loans bad credit opportunity may be available to individuals with bad credit history.
1. Subject to verification, suitability and affordability
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,909 | $6,909 |
| Platinum secured personal loan for 24 months at 13.95% APR & 34.16% Comparison Rate | ||
| $10,000 | $6,925 | $16,925 |
| Platinum secured personal loan for 48 months at 13.95% APR & 29.11% Comparison Rate | ||
| $25,000 | $14,850 | $39,850 |
| Platinum secured personal loan for 60 months at 13.95% APR & 20.38% Comparison Rate | ||
| $50,000 | $30,285 | $80,285 |
| Platinum secured personal loan for 72 months at 13.95% APR & 17.23% Comparison Rate | ||
| $75,000 | $42,219 | $117,219 |
| Platinum secured personal loan for 72 months at 13.95% APR & 16.15% Comparison Rate | ||
|
EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,935.15 and a total repayment of $6,935.15. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.58%.
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 389 067 |
||
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,313 | $7,313 |
| Silver secured personal loan for 24 months at 19.95% APR & 40.63% Comparison Rate | ||
| $10,000 | $8,676 | $18,676 |
| Silver secured personal loan for 48 months at 19.95% APR & 35.35% Comparison Rate | ||
| $25,000 | $20,883 | $45,883 |
| Silver secured personal loan for 60 months at 19.95% APR & 27.39% Comparison Rate | ||
| $50,000 | $42,963 | $92,963 |
| Silver secured personal loan for 72 months at 19.95% APR & 23.32% Comparison Rate | ||
|
EXAMPLE: A silver secured personal loan of $5,000 for 24 months has fees and charges totalling $2,313.37 and a total repayment of $7,313.37. The Minimum loan term is 24 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 19.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 40.63%.
EXAMPLE: A silver secured personal loan of $25,000 for 60 months has fees and charges totalling $20,883.12 and a total repayment of $45,883.12. 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 19.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 27.39%. 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 389 067 |
||
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,661 | $7,661 |
| Bronze secured personal loan for 24 months at 24.95% APR & 46.04% Comparison Rate | ||
| $10,000 | $10,216 | $20,216 |
| Bronze secured personal loan for 48 months at 24.95% APR & 40.60% Comparison Rate | ||
| $25,000 | $25,625 | $50,625 |
| Bronze secured personal loan for 60 months at 24.95% APR & 32.59% Comparison Rate | ||
| $40,000 | $44,982 | $84,982 |
| Bronze secured personal loan for 72 months at 24.95% APR & 29.27% Comparison Rate | ||
|
EXAMPLE: A bronze secured personal loan of $5,000 for 24 months has fees and charges totalling $2,660.80 and a total repayment of $7,661.80. The Minimum loan term is 24 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 24.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 46.04%.
EXAMPLE: A bronze secured personal loan of $25,000 for 24 months has fees and charges totalling $25,625.34 and a total repayment of $50,625.34. 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 24.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 32.59%. 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 389 067 |
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ABN 36 108 979 406 / Australian Credit Licence 389 067
Call us on 1300 014 870.
