Bad credit personal loans - guaranteed approval

        Bad credit personal loans with guaranteed approval

If you have a bad credit score and need a personal loan, guaranteed approval would be a very attractive feature. But where can you get a guaranteed approval when you have a bad credit score?

$1,900
Loan amount $500 - $1,900
Interest 4 %
Maturity 3 - 12 months

Fast information

Properties of this loan

  • Online loans up to $1 900
  • Term 3 - 12 months

Loan requirements

  • You must be over 18 years old
  • An Australian citizen or Australian permanent resident and have a regular income
  • You will also need your own email address and mobile phone number

About company

More information about the company Ferratum Australia Pty Ltd.

Borrow from $500 with interest from the 4 % Moread
$10,000
Loan amount $300 - $10,000
Interest 12 %
Maturity 1 - 2 years

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 1 - 2 years

Loan requirements

  • Be over 18 years of age
  • Receive a regular income
  • Have a direct contact number

About company

More information about the company Jacaranda Finance Pty Ltd

Borrow from $300 with interest from the 12 % Moread
$10,000
Loan amount $2,001 - $10,000
Interest 41.91 %
Maturity 6 - 24 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 24 months

Loan requirements

  • You must be over 18 years and employed
  • You must have an active bank account with internet banking

About company

More information about the company Rapid Loans Pty Ltd

Borrow from $2,001 with interest from the 41.91 % Moread
$2,000
Loan amount $100 - $2,000
Interest 24 %
Maturity 1 - 3 months

Fast information

Properties of this loan

  • Online loans up to $2 000
  • Term 1 - 3 months
  • Easy online application

Loan requirements

  • You need to be at least 18 years old to apply for a loan
  • Valid mobile number and email address

About company

More information about the company Venture 5 Group Pty Ltd

Borrow from $100 with interest from the 24 % Moread
$15,000
Loan amount $500 - $15,000
Interest 4 %
Maturity 3 - 24 months

Fast information

Properties of this loan

  • Online loans up to $15 000
  • Term 3 - 24 months
  • Easy online application

Loan requirements

  • Cashify Personal Loans from $500.00 – $2,000.00: Maximum Monthly Interest Rate is 4%. Maximum Annual Percentage Rate (APR) is 48%. The Establishment Fee is 20% of the loan amount borrowed. Other fees may apply. Please refer to your loan contract for all fees, interest, and terms and conditions. Minimum loan contracts are generally 90 days with most loan contracts between 90 to 365 days. For example, a loan of $500.00 repaid over 3 months equates to a total amount payable of $702.00 comprised of $500.00 principal (amount borrowed), $100.00 Establishment Fee, $72.00 in interest and $30.00 in monthly account fees.

About company

More information about the company Cash Supply Pty Ltd

Borrow from $500 with interest from the 4 % Moread

        Bad credit personal loans with guaranteed approval

Are there any guaranteed loans for bad credit?

No. Due to responsible lending obligations, they don't exist. Under the National Consumer Credit Laws, financial institutions are legally not allowed to lend to anyone they deem unable to repay a loan. And rightfully so. Legalities aside, it would be unethical to allow someone to borrow money that they were unable to repay.

Can I get a loan without a credit check?

Yes! It is possible to apply for a small loan with some lenders and not be subject to a credit check. But keep in mind that there are many lenders offering bad credit loans who assess each applicant on a case-by-case basis. Having a bad credit score is no longer the end of the line for people needing a loan so it may not be necessary for you to avoid a credit check.

A no credit check lender will assess your financial situation without requesting a copy of your credit report but the loan details will still be added to your credit file. To decide if you can afford to repay the loan, the lender will go over the last three months of your bank statements. To be eligible you'll need to be earning a regular income through employment earnings or Centrelink payments.

NILS. The No Interest Loan Scheme (NILS) is a not-for-profit providing finance of up to $1,500 to low-income earners to use for the purchase of essential goods and services. There are no interest, fees or charges on these loans, You simply repay what you borrow over a repayment period of 12 to 18 months. There is no credit check for a NILS loan, but you must have the capacity to repay the loan.

Can I get a loan with bad credit?

Sure can. As stated above, a NILS loan is available without a credit check and available to people with bad credit (providing they are able to repay it) but there are also many lenders who will provide a loan of up to $50,000 to applicants with bad credit.

There are some non-bank lenders who offer bad credit personal loans for people with bad credit scores. Although they are not guaranteed, these lenders are very lenient when assessing the applicant's history and look at more than just the credit score when making a decision. Your overall income and expenses are taken into account to decide if you are financially able to afford a loan.

The interest rates of bad credit personal loans are often risk-based meaning the riskier the lender deems the borrower to be, the higher the interest rate will be. For a really risky borrower, the interest rates could even reach the 30% mark. Because the interest rates can be so high with bad credit loans, it's important to shop around to find a competeitive rate.

Who will lend me money with a bad credit score?

For small loans, Payday lenders will happily lend to people with a bad credit score but beware of the high fees. They usually charge a 20% establishment fee and a 4% monthly fee.

For larger personal loans there are lenders, such as Australian Lending Centre who offer unsecured and secured loans at varying costs. The interest rates for bad credit loans are much higher than regular personal loans but you could get a lower interest rate if you have assets to offer as security for a secured loan.


Bad credit personal loans with guaranteed approval rating: 4.5/5 from 15 votes.

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