Bad Credit Personal Loans

Non Conforming Loans are designed to assist those borrowers who do not meet standard lending criteria. We understand that everybody is different, so we tailor our interest rates to individually match our borrower’s financial situation, from 7.65% (7.65% comparison rate*) to a maximum of 26.99% (28.60% comparison rate). Our loans are from $5,000 to $60,000 over 3, 5 or 7 years.

Unsecured personal loans can be used for almost anything, including to pay for a car, a holiday, medical or dental work, deposit for a house, debt consolidation, home improvement or even to help pay for a wedding.

To qualify for a Bad Credit Personal Loan your credit score must be above 300 and you must have any defaults paid over 12 months or unpaid non-financial defaults (such as telco’s or utilities) must be listed over 12 months. If you do not know your credit score you can check on your credit score at this site for free www.getcreditscore.com.au/

If you do not meet the above credit criteria you may qualify for a personal loan with this lender  click here!

* This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only.  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.
(Click on a heading for more information on unsecured personal loans)

Who can apply?

Anyone who is over 18 years old and a citizen or permanent resident, currently living in Australia, who is currently employed and earns at least $25,000 per year (the majority of your income cannot be from Government benefits) can apply.

How much can I borrow?

Our loans are from $5,000 to a maximum of $50,000, for either 3, 5 or 7 years. It should be noted however, that the maximum amount we will lend you depends on a number of factors including your credit history and ability to service the loan.

What are your fees and charges?

We have an establishment fee, which starts at 0% for loans with an interest rate of 7.65% and goes up to 5% for loans with our highest annual rates additionally there is a Lending Assistance fee of $990. The establishment and lending assistance fee is added to your loan amount. There are no penalties for early repayments.

What can cause my application to be declined

If your credit score is under 300 points you will automatically be declined.

Other reasons for decline:

a) Current or Recent Bankruptcy or Part 9
b) Paid defaults need to have been paid for a minimum of 12 months before applying
c) No recent late repayments over last three months with creditors
d) No debts / bills with debt collectors in last 3 months
e) Applicants with more than two current payday loans up to $2,000 will not be considered
f) Unpaid Defaults

What is credit score?

A credit score is a number which summarises the credit information from your credit report. Credit scores are one indicator of your credit risk and may be used by credit providers like banks and credit card companies to help understand how responsible you are to lend to. Generally, a higher credit score is considered better as it indicates lower risk.

How is your credit score calculated?

Your credit score* is calculated from your current situation and past behaviour as reported to Equifax, Australia’s leading credit bureau. This may include credit limits, your repayment history, overdue debts, how often you’ve asked for credit and the kinds of loans or credit you’ve asked for, the frequency of your credit applications, and several other factors.
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Online Enquiry Form for Personal Loans

Find out your personalised interest rate through our online form. All you'll need is your drivers licence, recent pay slip and checking your rate won’t affect your credit score.
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