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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 April 25th, 2018
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
Credit24 Medium Term Loan (Good Credit)
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.
12-24 months
Same day
$400 establishment fee + 4% monthly interest
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
Fair Go Finance Personal Loan (Above 5K)
Apply for up to $10,000 even if you have bad credit.Note: You must earn more than $500 per week.
Up to 3 years
Within 24 hours
from 17.90% p.a. + establishment fee of between $460 - $695 + $5 monthly fee

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 $15,000Repayment 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$2,250 to $10,000Loan terms up to 1 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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115 Responses

  1. Default Gravatar
    LukeMarch 20, 2018

    I need a loan of 10000 to 15000 i am currently unemployed as i have a broken neck and my credit score is 666 i have a guarantor to help this along. But dont know who would be the best to go through someone please help me

    • Staff
      NikkiMarch 26, 2018Staff

      Hi Luke!

      Thanks for your questions and for contacting finder.

      Sorry to hear that you’re unable to work. Hope you get better soon!

      No need to worry as we have guarantor loans available for your review. A guarantor loan is asking someone to guarantee your loan and to take on your debt if you default on your loan. If you agree to go guarantor on someone’s loan, you become legally responsible for the debt if they become unable to manage their repayments.

      If you are a guarantor and you apply for further credit of your own, you will need to list the guarantee on your application. You may also have put up an asset to guarantee someone’s loan, such as equity in your home or a car, and you will no longer be able to use that asset as your own collateral for credit.

      Hope you find this information useful.

      Thanks and best regards,


  2. Default Gravatar
    March 9, 2018

    Im a single mum of 4 i got left with 10000 worth of debt i need to wrap up into one payment im on centerlink but get roughly 3600 a month can anyone help me??? Will anyone help me????

    • Staff
      JoshuaMarch 19, 2018Staff

      Hi Simone,

      Thanks for getting in touch with finder.

      I understand the financial difficulty you are going through and I hope all things get better for you.

      Being on Centrelink means that you have limited loan options. However, you might want to check this page and see a table that conveniently compares the lenders who might be able to help you.

      Moreover, if you’re experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  3. Default Gravatar
    WilliamFebruary 12, 2018

    I own my on business and I need a$10000 loan to get by a few months but would like to term out over three years

    • Staff
      RobynFebruary 22, 2018Staff

      Hello William,

      The loan options on the page that you’re currently at are for personal loans and mostly, the terms are for 24 months but there are also some loans good for 60 months.

      If you wish to apply for a business loan, you may check this page and compare your options bu using the comparison table. Business loans mostly have a maximum loan term of 2 years.

      Once you’ve chosen a provider, you may click on the “Go to site” to be directed to their main website where you can check more details or even start your application.

      Before applying, please ensure that you meet the eligibility criteria and requirements.

      Hope this helps. Should you have further questions or clarifications, please do not hesitate to contact us again.

      Best Regards,

  4. Default Gravatar
    TrudyJanuary 10, 2018

    I my husband walked out with all our money a couple months ago. I work full-time but have been on leave without pay since, I have returned to work but am desperately needing $10,000 to pay off some debts. I don’t have a great credit rating as I haven’t been able to pay some bills. Is there anyone out there that would be willing to help. I don’t own any real assets and am trying to catch up and pay off my car. Thank you

    • Staff
      HaroldJanuary 10, 2018Staff

      Hi Trudy,

      Thank you for your inquiry.

      As per checking you are already on the right page. What you can do next is to compare the available options that will best fit your personal requirements. There are options available to you if you need to borrow a large amount of money. The first step to taking out a loan is understanding your options that is listed on this page.

      I hope this information has helped.


  5. Default Gravatar
    jamesOctober 17, 2017

    me and my woman have a income of $4800.00 a month i need a $10.000 loan to buy a truck can i get it asap

    • Staff
      AshOctober 17, 2017Staff

      Hello James,

      Thank you for contacting us.

      You are actually on the right page as it has list of lenders that can offer you loans even if you have a poor credit rating.

      You can also check this page for the business loans available if you are going to purchase an equipment.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.


  6. Default Gravatar
    JanaOctober 2, 2017

    I have started a new Airport Shuttle & need some financing for a down payment/financing for a shuttle bus.

    • Staff
      DanielleOctober 2, 2017Staff

      Hi Jana,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page for options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.


  7. Default Gravatar
    September 22, 2017

    I want to borrow 10,000 to buy a car. I have finished paying off a 60k loan yet no one wants to lend. I am on ABN at the moment with steady work. I float between ABN and wages and have been for over a year. I do not have 20% deposit so no one wants to lend. I have paid off 120k worth of loans in the last ten years. Can anyone help?

    • Default Gravatar
      JonathanSeptember 22, 2017

      Hello Jesse,

      Thank you for your inquiry.

      As someone who has an ABN, your options can be applying for a regular personal loan or a low-doc loan. A regular personal loan is a full-document required type of loan that would need tax returns, financial statements and etc. while low-doc loans would have very minimal paperworks. Usually, a low-doc loan would have higher fees in exchange.

      You can read this page as a full-guide. It also contains the list of lenders you may qualify for. Please review its eligibility requirements and the loan terms before applying.

      Hope this helps.


  8. 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.


  9. 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.


  10. 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.


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