Loans for Aussies with a Bad Credit History
Don’t be held back by a bad credit history.
Apply for a Finance One Loan.
We understand that life’s road can sometimes be bumpy, and everyone’s financial circumstances are unique. We all make mistakes and Finance One are determined to help you smooth out the bumps in your road even if you have a poor credit history.
Whether you’re looking for a loan for a vehicle for yourself or a business loan and have a bad credit history or no credit history, we want to help you succeed. We offer personalised support from the moment you enquire, all the way through to when your loan is paid in full. Our personal approach to lending might be the step-up you’re looking for.
Vehicle Loans
Loans made easy for cars, motorbikes, caravans, boats, jet skis and much more. Â
Personal Loans
Loans for travel, wedding, home renovation, medical, dental and much more. Â
Business Loans
Supportive business loans for cars, trucks, tractors, cashflow, expenses and much more. Â
Normal lending criteria, terms & conditions and fees & charges apply.
You’re not alone!
We take the time to fully understand your individual circumstances including the most challenging of financial situations. We strive to improve your lifestyle by providing a range of loans to suit your needs.
We don’t discriminate based on your past credit history! The past is in the past and we love nothing more than to provide opportunities to everyday Aussies regardless of whether you have a bad credit history or no credit history.
We will consider…
âś“ Poor or no credit history
âś“ Discharged from bankruptcy
âś“ Defaults on your credit file
Steps to obtaining a Finance One Loan.
Talk to our friendly team
Call us on 1800 346 663 or complete our online form.
Get approved.
We can have an answer to you in as little as 24 hours!*Â
Pay it off faster^
Options available for extra repayments or increasing Consumer loan repayments.
Why Finance One? Because we believe in second chances.
Since 2010, Finance One has taken a compassionate and flexible approach to lending to everyday Australians.
We strive to find finance solutions for everyone – even those who have been rejected by the banks. We go above and beyond to help provide smart solutions to your finance problems.
Flexibility
Finance One customers can make extra repayments or increase their repayment amount at any time.^
100% Aussie
With offices in Townsville and Brisbane our team is ready to assist you in finding financial success.
Support
Bad Credit Loan FAQs
I have a bad credit history, can I still apply for a loan?
Yes, you can! At Finance One, we specialise in giving those with poor credit history an opportunity to take back control of their lives and start again. To do this, we focus on bank statements rather than your credit rating to give you a fair opportunity.
Can I apply for a loan if my income is Centrelink benefits?
Yes! Finance One will consider applicants who receive any of the following:
- Family Tax A & B
- Parenting Payment
- Carer Payment
- Aged Pension
- Disability Pension
- Department of Veterans’ Affairs (DVA) Service Pension/Partner Service Pension
What are the minimum requirements to apply with Finance One?
The minimum application requirements for a bad credit loan with us include:
- 18+ years of age;
- casual employment for a minimum of 3 months;
- secure residency for a minimum of 3 months or 6 months if boarding; and
- have no more than 2 payday loans on your bank statement.
What documents do I need to provide for a loan application?
The minimum documents needed for Finance One bad credit loans include:
- three months of bank statements (we will provide you with our secure link to bankstatements.com.au to provide your bank statements);
- proof of your income (2 payslips, no older than 6 weeks); and
- completed application form and privacy statement.
What can your bad credit loans be used for?
Our fast-approved credit loans are for those looking to restore some balance in their life and acquire necessary assets. This includes vehicles (from cars to caravans) and work equipment.
Can I make extra repayments, increase my repayments or pay my bad credit loan out early?
Absolutely. If you’re able to make extra repayments or increase them, then we encourage you to do so. However, it’s important to note that our bad credit business and personal loans do have an early payout fee.
We recommend you review your loan terms or contact us to confirm if an early payout fee applies to your loan.