Personal Loans with Bad Credit in Australia

Loans from $5,000 to $25,000**

Bad Credit Personal Loans

Don’t be held back by a bad credit history.
Apply for a Finance One Personal Loan.

We understand that life can be unpredictable, with a Finance One Personal Loan you may not have to miss out – even if you’ve experienced  a bad credit history! We’re committed to helping people solve their financial problems with a bad credit history and help give them a second chance at finance.

What can I use a Personal Loan for?

  • Home Improvements
  • Vehicle accessories
  • Medical bills
  • Vehicle Repairs
  • Travel
  • Trailers
  • Education Costs
  • Weddings
  • And much more
  • Home Improvements
  • Vehicle accessories
  • Medical bills
  • Vehicle Repairs
  • Travel
  • Trailers
  • Education Costs
  • Weddings
  • And much more

You’re not alone.

If you’ve previously had a credit incident, securing personal finance in Australia through the big banks can be a tricky process. But here at Finance One, we believe that everyone deserves a second chance for finance! That’s why we offer personal loans for people with bad credit or who have had difficulty sourcing a loan elsewhere, looking for a second chance.

We understand that sometimes bad credit just happens – we get it! We have helped thousands of everyday Australians in similar situations.

Personal Loan Range

Loans from $5,000 to $25,000**

Personal Loan Term

Loan Terms from 3 - 4 years

Personal Loan Time

Approvals in as little as 24 hours*

Can I apply for a Finance One Personal Loan?


Are you receiving regular income?

Step 2


Do you want to borrow between $5,000 to $25,000?**


Are you at least 18 years of age?
Step 2

Credit History.

Defaults on your credit file or discharged from bankruptcy?

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.

Flexible Loan Repayments


Finance One customers can make extra repayments or increase their repayment amount at any time.

100% Aussie

100% Aussie

With offices in Townsville and Brisbane our team is ready to assist you in finding financial success.

Personal Loan Time


Our dedicated support team will get to know you and provide personalised service.

Getting a personal loan with bad credit

As a leading provider of personal loans in Australia, we understand that people can have bad credit for a variety of reasons. Sometimes it’s due to previous financial issues, but sometimes it’s simply a case of not having previously applied for a loan. Some of the major lenders are often reluctant to lend to people who haven’t previously got a substantial borrowing history. But the good news is that by opting for personal loans with bad credit, you can either rebuild or build good credit history. In fact, there are a wide variety of people that can be assisted via personal loans with bad credit. We’ve put together a list below:

Self-employed people/People with seasonal income sources/Retired people

Being self-employed can mean that you don’t fit the “right” profile for borrowing from some of the major banks or lenders, even if you’re very successful in your role. Unfortunately, the same also tends to apply to people who are retired or have seasonal sources of income. However, at Finance One, we understand that not fitting the mould doesn’t mean that you’re not a reliable borrower. That’s why we offer personal loans for bad credit as a means of helping people apply for the finance they want.

Casual employees/short-term contractors

Casual employees and contractors can often find themselves unfairly snubbed by bigger lenders. But at Finance One, we work with people to find solutions that suit their borrowing needs. Credit histories aren’t linear, and we’re committed to helping people build better ones.

Customers with unorthodox borrowing needs

One of the great things about personal loans is that they’re exactly that — personal. But bigger lenders can often want heavily detailed information about what the loan will be used for and factor that into their equations when they’re deciding whether to approve a loan. However, we understand that people have all sorts of unusual financial requirements, and we’re primarily interested in your capacity to repay.
These are just a few examples of people who can benefit from personal loans for bad credit. But if you’re unsure if we can assist you, make sure you get in touch — our team will be more than happy to discuss your situation and your options, and help you to find an appropriate solution.

Maximising your chances for easy personal loans with bad credit

We’ve put together some key tips around how you can apply for a personal loan with bad credit. There’s more to the process than simply filling out an application form; preparing properly in advance can significantly increase your chances of being approved.

1. Avoid multiple applications

Before you decide on a loan provider, it’s a good thing to do your due diligence and look at several different providers. But one of the most common mistakes people make is putting in multiple applications for loans while only accepting the one that they actually want after approval. But this can have negative repercussions for your credit score, as multiple lenders will likely be investigating your credit score. It’s critical to discuss the terms of a loan directly with a provider prior to making a final decision.

2. Budgeting

Before you make a decision on your loan provider and lodge an application, make sure that you can demonstrate a consistent pattern of saving. At Finance One, we understand that credit scores aren’t necessarily indicative of financial habits — but having evidence of it in the form of bank statements and receipts can be a great way to prove that.

3. Clear off your credit report

Many people aren’t aware that debt isn’t automatically cleared off your credit report when you’ve finished repaying it. So before you apply for a loan, make sure you check your credit report — this can sometimes help ensure that you don’t have any past debt limiting how much you can borrow.

4. Make your repayments

This might sound obvious, but once you’ve got a loan, it’s critical to make repayments to the lender in a timely fashion and in accordance with the terms and conditions of the loan contract. It helps demonstrate your reliability as a borrower to future lenders while also ensuring that the loan is repaid in a timely fashion and pursuant to the terms of the loan agreement.

Boosting your chances to secure personal finance for bad credit with Finance One


Here at Finance One, we understand that bad credit isn’t forever — it’s a moment in time, and getting a loan can be a great way to either build or rebuild your credit score. With our personal loans for bad credit, you should be able to get back on your feet in no time. Although we can’t offer personal loans for bad credit with guaranteed approval, we do understand that every situation is different, and we’ll work with you to try and help you find an appropriate solution.

In addition to our personal loans for bad credit, we also offer an extensive range of other finance options for people with bad credit, including loans for:

Finance One provide loans Australia wide including the Central Coast, Sydney, Canberra, Melbourne, Hobart, Adelaide, Perth, Darwin, Brisbane, Cairns, and the Gold Coast, getting personal loans with bad credit history has never been easier. Get in touch with our team to discuss your options.

*All loan approvals are subject to satisfactory documentation being received to assess the application. Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.

Let us answer your questions.

Can I apply for a personal loan from Finance One if I have a bad credit history?

Yes! Finance One can consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements.

What could my interest rate be?

Our interest rates can vary depending on your overall profile including, but not limited to, your stability in employment and residency, your credit history, affordability and your banking conduct. 

Can I make extra repayments, increase my repayments or pay my loan out early?

Yes, you can make extra repayments or increase your repayments. For consumer personal loans you are able to pay your loan early as we have no early pay out fees.

What documents do I need to provide when I apply?

The minimum documents we require for an application 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; and 
  • completed application form and privacy statement.