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 and be approved for a $10,000 loan. See how to get approved for a short term loan and compare your options now.

Compare short term loans now

Wallet Wizard Smart Loan

Wallet Wizard Smart Loan

From

47.8 % p.a.

fixed rate

  • Borrow from $500
  • Flexible eligibility criteria
  • Transparent rates and fees
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100% confidential application

Wallet Wizard Smart Loan

The Wallet Wizard smart loan is a credit limit that lets you access up to $5,000.

  • Loan amount: $5,000
  • Loan term: Up to 2 years
  • Turnaround time: 24 hours
  • Fees: 47.8%
  • Wallet Wizard Visa Card
  • Automatic Payments
  • Redraw and top-up available
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Promoted
Updated May 27th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $5000 Loan)
$5,000
Up to 2 years
24 hours
47.8%
$243.50
Apply for up to $5,000 and be able to access your approved loan as a convenient line of credit.
$5,000
12-24 months
Next business day
$400 + 48% p.a. of borrowed amount
$244
A secured loan up to $5,000 you can apply for in 10 minutes. Have up to 2 years to repay what you borrow.
$5,000
Up to 2 years
1 hour - conditions apply*
Application fee of $400 + 47.62% p.a.
$262.75
Apply for up to $5,000 and have up to 2 years to repay.
$4,600
13-24 months
Instantly - conditions apply
from 12.00% interest rate + Establisment fee of $400
$237.19
$4,600
Up to 24 months
24 - 48 hours
$400 (establishment fee; financed under loan) + 48% p.a. interest
$243.88
A larger loan up to $4,600 available even if you have bad credit. You'll have up to 2 years to repay.
$5,000
12-24 months
Same day
$400 establishment fee + 48% p.a. interest
$263.18
A small loan with long terms: Apply for up to $5,000 and have up to 2 years to repay.
$5,000
6 to 18 months
Overnight
$400 establishment fee + 48% p.a.
$263.18
A convenient loan up to $5,000. Receive approved funds the next business day.

Compare up to 4 providers

How to take out a $10,000 loan today

If you're looking for a $10,000 loan, there are lenders that offer a one-day turnaround time. This means 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 also compare bad credit loans up to $5,000 here.

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

Whether you have good or bad 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 non-traditional 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 that 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 generally have more options available to you if you’re looking at borrowing $10,000 and 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 can use the asset 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
MoneyMe$500 to $15,000Repayment terms of between 1 month and 3 years are available depending on how much you borrow.You'll need to be over 18, an Australian resident and currently employed. A good credit history will help your application.
enably$200 to $20,000Repayment terms up to 3 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 3 years.You'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 on a $10,000 loan

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.

How to compare your $10,000 loan options

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 in 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're eligible. Look for things like minimum income, employment requirements, etc.
  • Submit all necessary documents. Check what documents are needed and make sure you're able to send everything required.
  • Consider a joint application or guarantor. This can help get your application across the line.

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123 Responses

  1. Default Gravatar
    AndrewApril 2, 2019

    Hi, I urgently need between $6000 and $7500.
    My credit score is around 550, I have a boat that I could use as collateral and possibly a guarantor. I have a full time job. and can afford up to $150 per fortnight. will there be someone who can help me?

    • Avatarfinder Customer Care
      JohnApril 3, 2019Staff

      Hi Andrew,

      Thank you for reaching out to Finder.

      The page offers us a list of lenders that you could reach out to. The loan amount may depend on your qualification to get approved by the loan. Having collateral or a guarantor raises your chances of getting the loan amount you are looking for. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    December 6, 2018

    I work full time with a great wage and have been with the company for over 7 years but I have a bad credit due to a bad separation over 7 years ago, am I able to get a car loan?

    • Avatarfinder Customer Care
      JhezDecember 11, 2018Staff

      Hello Sarah,

      Thank you for your comment.

      I am sorry about what happened to your credit record. Anyway, there are lenders that can consider you for a car loan despite you having a bad credit. Please check this page out. The page will guide you on how to compare car loans for bad credit. Please take note that bad credit car loans usually have higher interest rates than regular loans and will often have higher fees as well.

      After comparing please, click the Go to Site button to apply. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  3. Default Gravatar
    DorisMay 2, 2018

    how do i apply for a loan

    • Avatarfinder Customer Care
      NikkiMay 2, 2018Staff

      Hi Doris,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      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.

      Once you’re all set, you can choose the lenders on the page provided.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

  4. Default Gravatar
    ChrisApril 30, 2018

    Hi,
    I’m looking for a loan of about $10,000 so I can pay for my wife’s visa and unfortunately I’m still in my part 9 with only a year to go.

    • Avatarfinder Customer Care
      NikkiApril 30, 2018Staff

      Hi Chris,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      You can take out a loan even if you have bad credit, however, this would be with non-traditional lenders.

      Before you even apply for a loan, review the eligibility criteria you need before you apply to make sure you are eligible. Look for things like minimum income, employment requirements, etc.

      Make sure that you submit all necessary documents. Check what documents are needed and make sure you are able to send everything that is required. You may also consider a joint application or guarantor. This can help get your application across the line.

      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.

      You can choose from the lender’s list in the information above. Hope this helps! Feel free to message us anytime should you have further questions.

      Regards,
      Nikki

  5. 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

    • Avatarfinder Customer Care
      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,

      Nikki

  6. 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????

    • Avatarfinder Customer Care
      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!

      Cheers,
      Joshua

  7. 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

    • Avatarfinder Customer Care
      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,
      Robyn

  8. 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

    • Avatarfinder Customer Care
      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.

      Cheers,
      Harold

  9. 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

    • Default Gravatar
      October 17, 2017

      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.

      Cheers,
      Ash

  10. Default Gravatar
    JanaOctober 2, 2017

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

    • Default Gravatar
      DanielleOctober 2, 2017

      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.

      Cheers,
      Danielle

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