Personal Loans

Yes! Finance One can consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements. We specialise in helping people who may have been declined elsewhere, so they can get the chance to access personal finance solutions even with bad credit.

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

Yes, you can make extra repayments or increase your repayments. This flexibility may help you pay down your loan faster and reduce the total interest paid on your personal loan. However, some of our 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.

The minimum documents we require for a Consumer Loan 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.

Providing these upfront can help speed up the approval process, which for some applicants can be as quick as 24 hours*.

We offer flexible personal loans in Australia that can be used for a wide range of purposes, including:

• Home renovations or improvements

• Travel and holidays

• Weddings or special events

• Medical or dental expenses

• Veterinary care for pets

• Consolidating multiple debts into one manageable repayment

This flexibility allows you to access the personal finance you need to manage both planned and unexpected expenses.

Taking out a personal loan doesn't automatically hurt your credit score. What matters is how you manage it. If you make regular on-time repayments, a loan can actually improve your credit history and demonstrate positive financial behaviour. On the other hand, missed or late repayments can negatively affect your score. At Finance One, we work with you to create repayment schedules that support your financial situation.