Car Loans for Bad Credit in Australia
Don’t be held back by a bad credit history.
Apply for a Finance One Car Loan.
Finance One understands that life’s road can be bumpy at times, so we take the long road with our personal approach to lending when assessing your individual financial situation to ensure we can find the perfect finance solution tailored to your needs.
We improve the lives of everyday Australians with our car loans for people with a bad credit history or no credit history who may have experienced defaults and bankruptcy in the past. If you have a poor credit history, there’s no need to stress just yet! We may be able to offer a car loan to you.
We make the process stress-free with our easy car finance.
Loans from $5,000 to $75,000**
Loan terms from 3 - 7 years
Approvals in as little as 48 hours *
What can I use a Vehicle Loan for?
We can get you on the road fast with a Finance One Vehicle Loan. Whether a car, ute or bike for work or the weekend, a larger car for the family, caravan, or campervan for that big holiday.
- Cars
- 4WD
- Utes
- Caravans
- Campervans
- Boats
Can I apply for a Finance One Vehicle Loan?
Income.
Are you receiving regular income?
Borrow.
Do you want to borrow between $8,000 to $100,000?*
Age.
Are you at least 18 years of age?
Credit History.
Defaults on your credit file or discharged from bankruptcy?
Let us answer your questions.
Can I get a loan from Finance One if I have a bad credit history?
Yes! Finance One will consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements.
Can I apply for a loan if I receive a pension or 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 will my interest rate be?
Our interest rates vary depending on your overall credit profile. This includes, but is not limited to, the stability of your employment and residence, your credit history, your income and your banking conduct.
Can I make extra repayments, increase my repayments or pay my loan out early?
All Finance One customers can make extra repayments or increase their repayment amount at any time. Finance One customers with consumer loans can pay their loan out at any time without an early pay out fee.
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); and
- proof of your income; and
- completed application form and privacy statement.
*48 hour approvals are subject to satisfactory documentation being provided to assess the application.
** $50,000 – $75,000 must be asset backed
Normal lending criteria, terms & conditions and fees & charges apply.