Finance That Looks Beyond Your Credit Score
We assess your situation, not just your history. If you’ve had setbacks, we’ll work with you to find a path forward.
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Apply for a Finance One bad credit loan
Bad credit doesn’t have to mean no options
Bad credit can make borrowing feel challenging, but it does not need to stop you from moving forward. Finance One offers loan options for people who have had difficulty getting approved elsewhere. We look at your current situation, your ability to repay and your goals, not just your credit history.
Our range of loans catering to bad credit includes:
Bad Credit Vehicle Loans
Bad Credit Personal Loans
Bad Credit Business Loans
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Need a loan but worried about your credit history?
If your credit history is not where you want it to be, it does not mean you are out of options. At Finance One, we consider applications from people who have had credit challenges in the past. We look at your current situation, your income, and your ability to manage repayments, rather than relying only on what appears in your credit file.
We offer loan options that can be used for personal needs or everyday vehicles, and we give you clear information so you can decide whether the loan is right for you.
Normal lending criteria, fee and charges apply.
What can you use a bad credit loan for?
Bad Credit Car Loans
These loans are available for people who need a reliable vehicle and have had trouble securing finance elsewhere.
Loan amounts and terms vary based on the vehicle, your financial position and what’s suitable for you. Options can cover:
- Cars and family vehicles
- Utes and 4x4 vehicles
- Motorbikes
- Some registered recreational or lifestyle vehicles
Bad Credit Personal Loans
These loans support many personal needs and important life expenses that may come up unexpectedly. Loan amounts generally range from $5,000 to $25,000**. Secured and unsecured options may be available depending on your situation. Uses for a Finance One Bad Credit Personal Loan include:
- Medical and dental bills
- Vehicle repairs and accessories
- Travel and holidays
- Weddings and important events
- Education, training or course fees
- Trailers and other personal purchases
Bad Credit Business Loans
These loans support many essential business purchases that keep you running, including cars, trucks or other business equipment. Secured and unsecured options may be available depending on your situation. Uses for a Finance One Bad Credit Business Loan include:
- Business Cars
- Business Trucks
- Food Trucks
- Tractors
- Commercial Lawn Mowers
- Forklifts
- Earth Moving Machinery
- Commercial Trailers
- Business Equipment
Who we can consider
At Finance One, our focus is on whether the loan is suitable and affordable based on your current financial circumstances.
We may be able to consider applicants who have:
- Poor or limited credit history
- Defaults listed on a credit file
- A discharged bankruptcy
- A Part IX Debt Agreement
- Been declined by other lenders
Can I apply for a Finance One loan with bad credit?
Age
Are you at least 18 years of age?
Residential Status
Are you an Australian resident?
Income
Are you receiving regular income from employment, self-employment or eligible Centrelink benefits?
Documentation
Can provide identification, proof of income and at least three months of bank statements?
Borrow.
Do you want to borrow within the available loan ranges?**
Some benefits such as Family Tax A and B, Parenting Payment, Carer Payment, Aged Pension, Disability Pension and certain DVA payments may be considered.
Why Finance One? We offer tailored loans with a human touch.
Flexible repayment options
You can make extra repayments or increase your repayment amount at any time. Early payout fees may apply.
Straightforward Application Process
We explain the steps in clear, simple language.
100% Australian Owned
Our Townsville and Brisbane teams provide practical guidance when you need it.
Personalised service
We take time to understand your circumstances and communicate clearly, consistent with AFCA and industry code expectations.
How the application process works
Applying for a personal loan online is simple and straightforward at Finance One.
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Step 1
Start your application online or speak with our team
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Step 2
Provide your identification, bank statements and proof of income
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Step 3
We assess your application
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Step 4
You receive your outcome. Some applicants receive an outcome in as little as 24 hours once all documents are provided. Approval is not guaranteed.
Frequently Asked Questions
Can I apply if I have bad credit?
Can I apply if I receive Centrelink benefits?
Can a bad credit loan help rebuild my credit?
What could my interest rate be?
Can I make extra repayments?
What documents do I need to provide when I apply?
*24 hour approvals are subject to satisfactory documentation being provided to assess the application.
**Normal lending criteria, terms and conditions, and fees and charges apply.
^Secured Personal Loans between $5,000–$25,000. Unsecured Personal Loans between $5,000–$15,000.