Personal Loans
Loans from $5,000 to $25,000 **
Don’t let a bad credit history hold you back from applying for a Finance One Personal Loan.
Finance One understands that life is not always smooth sailing, so we take the time to fully understand your individual financial situation with our personal approach to lending. We help improve the lives of everyday Australians with our loans for people with a bad credit history or no credit history who may have experienced defaults or bankruptcy in the past. There is no one-size-fits-all approach at Finance One because we think differently about credit.
Normal lending criteria, terms & conditions and fees & charges apply.
Who can get a Finance One personal loan
We have provided personal loans in Australia to thousands of people who have faced challenges accessing finance.
✓ Poor or no credit history
✓ Discharged from bankruptcy
✓ Defaults on your credit file
We review every case individually. If you’ve been declined before, you can still apply online for a personal loan from Finance One.
Eligibility criteria for a Finance One personal loan
To apply for a personal loan with Finance One, you must meet some basic criteria:
✓ Be at least 18 years of age.
✓ Be an Australian resident.
✓ Be able to provide proof of regular income
(from employment, self-employment or approved Centrelink benefits).
✓ Looking to borrow between $5,000 and $25,000.
Steps to applying for a Finance One Personal Loan.
Applying for a personal loan online is simple and straightforward at Finance One.
Talk to our friendly team.
Call us on 1800 346 663 or complete our enquiry form.
Get approved.
We can have an answer to you in as little as 24 hours!*
Pay it off faster.
Our Consumer Loans have no early payout fees!
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% Australian Owned
With offices in Townsville and Brisbane our team is ready to assist you in finding financial success.
Support
Our dedicated support team will get to know you and provide personalised service.
Apply for a Personal Loan Online Today
Start your personal loan application by completing the enquiry form below. Our team will review your details and be in touch to discuss the best options available for your situation.
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. 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.
What could my interest rate be?
Our interest rates vary depending on your overall profile, including but not limited to your stability in employment and residency status, 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. 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.
What documents do I need to provide when I apply for an online personal 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*.
What can I use a personal loan for?
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.
Will a personal loan hurt my credit score?
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.