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How to get approval for a $10,000 loan even with bad credit

Want $10,000 in your account by the end of the day? This is what you need to do.

No matter what your credit history is like, and no matter what you need the money for – you can apply for and be approved for a $10,000 loan. There are lenders who offer these loans for people with adverse credit histories, as well as traditional lenders such as banks who offer $10,000 loans for personal and business purposes. Jump ahead to find out who might approve you >> .

How to take out a $10,000 loan today

If you’re looking for a $10,000 loan, there are lenders who offer a one-day turnaround time. This means that if you apply for a loan and it’s processed by a certain time, you can have the approved loan amount in your account on that same day. Applicants with bad credit can access these loans through non-traditional lenders, while those in better credit standing may be able to apply with their own bank for quick approval. You can find out more about some of these options below, as well as compare and apply. You can also compare bad credit loans up to $5,000 here.

Your short-term loan options

We're working hard to get you a range of bad credit loans for you to borrow up to $10,000. If you still need to borrow – it could be worthwhile comparing the loans below.

Swoosh Finance

Swoosh Finance


48.00 % p.a.

variable rate


66.04 % p.a.

comparison rate

  • Borrow up to $4,600
  • Loan term up to 2 years.
  • Instant online decision
Security Logo

100% confidential application

Swoosh Finance

Swoosh Finance offer Fast, reliable, and hassle-free secured loans up to $4,600 for when you are in need of money

  • Loan amount: $4,600
  • Loan term: 12-24 months
  • Turnaround time: Next Business Day
  • Fees: $400 + 48% APR of borrowed amount
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Rates last updated August 19th, 2017
Name Product Product Description Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $5,000
Swoosh Finance
A secured loan you can apply for in 10 minutes that gives you up to 12 months to repay. Note: Max loan amount $4,600. Fees and charges included in repayment.
12-24 months
Next Business Day
$400 + 48% APR of borrowed amount
Wallet Wizard Smart Loan
Apply for up to $5,000 as a convenient line of credit.
Up to 2 years
24 hours
47.8% APR
Nimble Medium Loan
Apply for up to $5,000 and get approved in 1 hour - conditions apply.
Up to 2 years
1 hour - conditions apply*
Application fee of $400 + 47.62% APR
Credit24 Medium Term Loan (Good Credit)
Quick turnaround time for borrowers with good credit and who are not on benefits. Must be employed.
12-24 months
Same day
$400 establishment fee + 4% monthly interest
enably Short Term Loan
Borrow as much as $20,000 with enably and have up to two years to repay what you borrow.
Up to 36 months
Within an hour
0 - 20% application fee and 2.8 - 4 % monthly fee on loan amount

Compare up to 4 providers

What are your loan options if you want to borrow $10,000?

Bad credit or good credit, there are options available to you if you need to borrow a large amount of money. Loans up to $10,000 are available from both traditional and nontraditional lenders and can come in a variety of forms—secured, unsecured, short term, long term, or business loans. The first step to taking out a loan is understanding your options.

If you have bad credit

There are brands who offer loans up to $10,000 for people with bad credit. There are usually certain requirements you’ll need to meet and you may be required to secure the loan with an asset. Some lenders may also allow you to submit a joint application if you don’t meet the criteria, so find out about all the options you have to help your chances of being approved. The interest rate on these loans is usually set on an individual basis.

If you have good credit

You’ll most probably have more options available to you if you’re looking at borrowing $10,000 and you have good credit. You’ll likely be able to apply with a traditional lender such as a bank, and also enjoy lower rates and fees than if it were a bad credit loan. You may also find that your current bank offers same-day funding to existing customers. Depending on your income and other financial circumstances, you may be eligible for a secured or unsecured loan.

If you’re willing to secure your loan

Securing your loan with an asset may open up more loan options to you. Secured loans are less risky for lenders as they will be guaranteed to recoup their losses should you default on the loan. Because of this, these loans come with lending criteria that are more flexible than if the loan was unsecured. Typical assets used to secure a loan include a vehicle or equity in a property, but some lenders also allow for other things such as jewellery.

If it’s for a business

A $10,000 loan taken out for business purposes is very different to one taken out for personal use. Business loans usually come with higher maximum loan amounts, with some lenders able to approve loans of up to $500,000. These loans are generally available to both established businesses and startups.

Brands you can consider for a bad credit loan up to $10,000

LenderLoan amountRepaymentsCriteriaFind out about products
Max Finance$1,600 and $10,000Maximum repayment term of one year.You can apply if you have bad credit but you'll need to own an asset, such as a house or a car, and also meet certain income requirements.
MoneyMe$200 to $10,000Repayment terms of between one month and 3 year(s) are available depending on how much you borrow.You'll need to be over 18, an Australian resident and be currently employed. A good credit history will help your application.
enably$200 to $10,000Repayment terms up to 2 years.You need to be employed and earn more than $1,500 per month.More
Fair Go Finance$500 to  $5,000Loan terms up to 2 monthsYou'll need to be earning at least $500 a week and be 18 years old, a permanent Australian resident and in regular paid employment.

Calculate how much your repayments will be

When borrowing a large amount of money, it's important to know whether or not you can afford the repayments. Use our handy calculator below to help.

If you have a few loan options, here’s how to compare them

When considering what loan to apply for, it’s important to compare features of the loan to make sure you apply for a competitive option. Here are some things to look at:

    • Fees. What fees will you be charged with this loan? Remember to consider the ongoing fees as well as any charges you will have to pay at the onset.
    • Turnaround time. The time it takes to get your loan approved and for it to arrive into your bank account will differ between lenders. Make sure the lender you apply with can get your loan amount to you when you need it.
    • Repayments. How can you repay your loan? Are you able to repay the loan early without penalty? These are things you’ll need to check before you apply.

Tips on being approved if you have bad credit

    • Review the eligibility criteria. Do this before you apply to make sure you are eligible. Look for things like minimum income, employment requirements, etc.
    • Submit all necessary documents. Check what documents are needed and make sure you are able to send everything that is required.
    • Consider a joint application or guarantor. This can help get your application across the line.
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102 Responses

  1. Default Gravatar
    kennyAugust 5, 2017

    is still the best loan service now

    • Staff
      ArnoldAugust 5, 2017Staff

      Hi Kenny,

      Thanks for your inquiry.

      Not quite sure about that but there are a lot of different sources that will lend you a loan. Please Check and Compare personal loans in our panel.

      Hope this information helped.


  2. Default Gravatar
    ChristinaJuly 27, 2017

    My partner moved in Australia last year (he is Australian but lived in another country).so his credit score is low. Can he get a loan for 10000 $ ? He has already a credit card and a university loan for his studies.

    • Staff
      HaroldJuly 28, 2017Staff

      Hi Christina,

      Thank you for your inquiry.

      Loan approval may vary depending on the lender. Should you need to improve your husband’s credit score you may want to read the guides listed below.
      1. Improve Your Credit Score
      2. Five ways to improve your credit rating

      I hope this information has helped.


  3. Default Gravatar
    PatriceJuly 25, 2017

    Do you think I could borrow $10,000? I keep getting notes that I can get $500 And that’s all. But I need $10,000.

    • Staff
      LiezlJuly 25, 2017Staff

      Hi Patrice,

      Thanks for reaching out.

      The loan amount that you’ll be approved for will be determined by the lender based on your financial capacity and risk as a borrower. Before applying for a loan, please make sure you confirm that you meet the eligibility criteria, as rejected loan applications can further harm your credit score.


  4. Default Gravatar
    ChastityApril 19, 2017

    I made a mistake and gave my sister-in-law let her use my credit score to get a car loan and a credit card and I need help to pay it off she won’t do it can you help me thank you.

    • Staff
      HaroldApril 25, 2017Staff

      Hi Chastity,

      Thank you for your inquiry.

      Should you need to know more on how to deal with debts you may want to visit this page for your guidance.

      I hope this information has helped.


  5. Default Gravatar
    JoshuaApril 10, 2017

    Hi there. I am a current bankrupt, thought I become discharged after 3 years in May 2017.

    After being discharged. I’m wanting to obtain a $30000 loan to consolidate all current debts and bills and begin to restrengthen my credit history with 1 manageable weekly repayment.

    Can anyone help point me in the right direction?

    • Staff
      AnndyApril 13, 2017Staff

      Hi Joshua,

      Thanks for your question.

      You may check this pageto compare lenders who may consider you for a loan after you are discharged from bankruptcy.


  6. Default Gravatar
    PhilApril 4, 2017

    Hi there I have good credit history and have found a car I love for 10, 000 I currently have a car loan but I am casual so I cant get another car loan but I am on 60, 000 a year after a lender doesn’t bother me about interest rate just really need the money

    • Staff
      AnndyApril 4, 2017Staff

      Hi Phil,

      Thanks for your question.

      If you are a casual employee and would like to apply for a car loan, you can compare your options on this page.

      Alternatively, if you are considering a personal loan, you may check this page to compare your options.


  7. Default Gravatar
    SteveFebruary 7, 2017

    Hi I am looking for a debt consolidation loan to help me get on top of 6 different debts I currently have.Problems l encounter at the moment I have been at my job just over 3 months (after being employed at my last job for 26 years) and being paid casual rate on a full time basis ,in which I will always be paid as not too many employees are made permanent thus paid as full time/ casual and my credit score fluctuates (currently below average) due to too many
    applications or missed payments.
    Can you please help me?

    • Staff
      MayFebruary 27, 2017Staff

      Hi Steve,

      Thanks for your question.

      Sorry for the delay. I’m afraid I can’t recommend a specific lender to you, although you may find a guide on this page how you may be able to get a loan to consolidate your debts.


  8. Default Gravatar
    December 16, 2016

    We are a family of 4 that live on a disabled income. We also have 0 credit. What is a loan that is available to a family, who own our home free and clear, but are unable to make ends meet!! We would love to have simple things. My wife needs teeth. She lost them due to treatment for cancer. And how we would like to give our boys a Christmas they would not soon forget! If you can help us with this let us know ASAP

    • Staff
      MayDecember 16, 2016Staff

      Hi Jason and Belenda,

      Thanks for reaching out and I’m sorry to hear about your difficult situation.

      Although we’re not sure you’ll be approved for a loan or not, you can check your loan options and review the criteria on this page. I suggest that you read through the page first and then get in touch with a lender to discuss your chances of approval.

      Hope this helps.


  9. Default Gravatar
    KNovember 28, 2016

    I am a full time job and I have a car if I want to use my own car for loan money about 10,000 it is possible?
    Thank you.

    • Default Gravatar
      TenzinDecember 14, 2016

      I need loan me 1000

    • Staff
      MayDecember 14, 2016Staff

      Hi Tenzin,

      Thanks for reaching out.

      If you wish to borrow $1000, please compare your loan options, make sure you meet the requirements and then get in touch with a lender featured on this page.

      Hope this helps.


    • Staff
      MayNovember 28, 2016Staff

      Hi K,

      Thanks for your question.

      Yes,there are lenders that accept personal loans with security (in any form, like a car, equity in your home, jewellery or even term deposit accounts) and you can compare them on this page. Please review the overall criteria and requirements before you apply.

      Hope this helps.


  10. Default Gravatar
    KonstantynNovember 28, 2016

    I want to know if its possible for me to receive a $16,000 loan. I’m a student right now with a part-time job. Please let me know, thanks!

    • Staff
      AnndyNovember 28, 2016Staff

      Hi Konstantyn,

      Thanks for reaching out.

      If you are working part-time, you can check this page for lenders who may consider you for a loan. Please note that the total amount the you can borrow will depend on the lender’s assessment of your financial condition.

      You may also check and compare student loans here.


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