$3,000 bad credit loans

A guide to $3,000 loans that are still available to bad credit applicants

Last updated:

Having a bad credit history can make applying for finance more difficult. However, there are a number of lenders on the market who make exceptions for, or cater loans specifically towards bad credit borrowers. As long as applicants can show proof of a regular income and an ability to manage repayments, they may still qualify for finance.

Prospective applicants should be aware that having a bad credit history usually means expecting to pay more for finance than individuals with a good credit history. Bad credit borrowers may also be offered shorter loan terms, and therefore higher repayments than good credit borrowers. This is because they pose more of a risk to lenders.

Financial hardship


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. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Types of $3,000 loans

Swoosh Finance

Swoosh Finance

From

48 % p.a.

variable rate

From

66.04 % p.a.

comparison rate

  • Borrow up to $5,000
  • 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 $5,000 for when you are in need of money.

  • Loan amount: $5,000
  • Loan term: 12-24 months
  • Turnaround time: Next business day
  • Fees: $400 + 48% p.a. of borrowed amount
Go to site
Promoted
Updated October 22nd, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $5000 Loan)
$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
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.
$4,600
13-24 months
Instantly - conditions apply
from 12.00% interest rate + Establishment fee of $400
$237.19
$5,000
up to 22 months
1 hour - conditions apply*
Application fee of $400 + 47.62% p.a.
$262.75
Apply for up to $5,000 and have up to 22 months 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.

Compare up to 4 providers

Credit Concierge Car Loan

Credit Concierge Car Loan

From

4.79 % p.a.

fixed rate

From

5.34 % p.a.

comparison rate

  • Competitive fixed rate
  • Balloon payment available
  • Same day approval
Security Logo

100% confidential application

Credit Concierge Car Loan

Get access to over 20 providers to finance a new or used car with fixed rates starting from 4.79% p.a.

  • Interest rate: 4.79% p.a.
  • Comparison rate: 5.34% p.a.
  • Interest rate type: Fixed
  • Application fee: $400
  • Minimum loan amount: $10,000
  • Maximum loan amount: $150,000
Go to site
Promoted
Updated October 22nd, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
From 4.79% (fixed)
5.34%
$10,000
1 to 7 years
$400
$0
You'll receive a fixed rate of 4.79% p.a. with a comparison rate of 5.34% p.a.
Get access to over 20 providers to fund a new or used car.

5.49% (fixed)
5.84%
$2,000
1 to 7 years
$250
$0
You'll receive a fixed rate of 5.49% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
From 4.69% (fixed)
5.64%
$10,000
3 to 7 years
$700 (for private seller vehicles this fee is $608)
$9
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
6.99% (fixed)
8.1%
$5,000
1 to 7 years
$295
$10
You'll receive a fixed rate of 6.99% p.a.
Finance a new or used car up with loans from $5,000 and benefit from flexible repayments.
5.49% (fixed)
5.73%
$25,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 5.49% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
From 5.19% (fixed)
6.08%
$5,000
3 to 7 years
$655 (Includes PPSR registration and private sale fee, if applicable)
$0
You'll receive a personalised interest rate from 5.19% p.a. to 5.69% p.a. based on your risk profile
A flexible car loan from $5,000 - $50,000 with personalised rates and rewards for strong credit customers.

From 5.69% (fixed)
6.39%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 5.69% p. a.
Purchase a new car with this loan and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
From 5.69% (fixed)
6.39%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 5.69% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
From 4.89% (fixed)
5.44%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.89% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
From 5.71% (fixed)
6.57%
$1,000
1 to 7 years
$500 (from $100 to $500)
$10
You'll receive a fixed rate between 5.71% p.a. and 8.66% p.a. based on your personal credit history
A flexible loan to help you finance a car, motorbike or boat up to five years old.
From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$200
$10
You'll receive a variable rate from 7.99% p.a.
Apply for up to $75,000 and benefit from features such as fast approval, free online redraws and no penalties for early repayment.
8.49% (fixed)
9.67%
$10,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 8.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$195
$12
You'll receive a fixed rate from 8.49% p.a. based on the value of your car
Get a competitive rate and apply for a larger loan up to $80,000 when you attach a new or used car as security to the loan.
6.69% (fixed)
7.04%
$2,000
1 to 5 years
$250
$0
You'll receive a fixed rate of 6.69% p.a.
Benefit from this competitive rate by securing the loan with a vehicle up to 6 years old. Use this flexible loan for any purpose.
From 12.99% (fixed)
14.2%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 12.99% p.a. and 28.99% p.a. based on your risk profile
Lock in a competitive variable rate when you offer security. Loan can be used for any purpose and repayments are flexible.
From 6.99% (fixed)
7.7%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.99% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
From 5.99% (fixed)
6.63%
$10,000
1 to 10 years
$200
$5
You’ll receive a fixed rate of 5.99% p.a. ( 6.63% p.a. comparison rate ).
Apply for up to $75,000 available with asset security. Only good credit applicants can apply for this loan.

Compare up to 4 providers

Symple Loans Personal Loan

Symple Loans Personal Loan

From

5.75 % p.a.

variable rate

From

7.31 % p.a.

comparison rate

  • Quick approvals
  • Flexible repayment options
  • Personalised interest rate
Security Logo

100% confidential application

Symple Loans Personal Loan

Get access to flexible repayment options and next-day funding with a Symple personal loan.

  • Interest rate: 5.75% p.a.
  • Comparison rate: 7.31% p.a.
  • Interest rate type: Variable
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
Go to site
Promoted
Updated October 22nd, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
From 5.75% (variable)
7.31%
$5,000
1 to 7 years
from 2% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
From 9.99% (variable)
9.99%
$5,000
3 to 5 years
$0
$0
You'll receive a variable rate between 9.99% p.a. and 17.99% p.a. (9.99% p.a. to 17.99% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: No establishment fee and no monthly account service fees apply if you apply and are approved before 31 March 2020.
From 8.99% (fixed)
10.31%
$5,000
6 months to 2 years
$195
$0
You'll receive a personalised rate of between 8.99% p.a. and 29.99% p.a. based on your risk profile.
Borrow up to $10,000 over a 2 year loan term.
From 7.89% (variable)
9.9%
$2,001
6 months to 5 years
$299 (Based on $10,000)
$0
You'll receive a variable rate between 7.89% p.a. and 16.4% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.
From 6.99% (fixed)
7.69%
$2,000
3 to 5 years
$500 ($200 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.
From 7.5% (fixed)
9.51%
$5,000
2 to 5 years
from 3% of loan amount
$0
You'll receive a fixed rate between 7.5% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
From 8.95% (fixed)
10.56%
$5,000
18 months to 7 years
$495 (Based on $10,000)
$13
You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required.
12.99% (fixed)
14.14%
$4,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Existing Westpac customers may qualify for discounts.
9.89% (fixed)
10.14%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
From 10.69% (fixed)
11.58%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 10.69% p.a. and 18.69% p.a. ( 11.58% p.a. to 19.53% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
From 12.99% (fixed)
14.06%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 to fund a range of purposes.
From 13.99% (fixed)
15.19%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 13.99% p.a. and 29.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Flexible repayments options.
10.99% (fixed)
12.21%
$20,000
1 to 7 years
$250
$13
You'll receive a fixed rate of 10.99% p.a.
A secured or unsecured loan available to homeowners with a large minimum borrowing amount of $20,000. Benefit from flexible repayments and fast approval.
From 12.99% (variable)
16.42%
$3,000
1 to 7 years
$200
$10
You'll receive a variable rate of 12.99% p.a.
Apply for up to $50,000 and benefit from features such as fast approval, free online redraws and no penalties for early repayment.
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
10.89% (variable)
11.15%
$30,000
1 to 7 years
$175
$0
You'll receive a discounted variable rate of 10.89% p.a.
Borrow over $30,000 and receive a discounted interest rate. No monthly fees and a redraw facility also available.
From 10.69% (variable)
11.58%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 10.69% p.a. and 18.69% p.a. ( 11.58% p.a. to 19.53% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
From 12.99% (variable)
14.06%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
A low minimum borrowing amount of $2,000 plus the convenience to make extra repayments and redraw them if you need them.
From 7.95% (fixed)
8.78%
$5,000
3 to 5 years
$595
$0
You'll receive a variable rate between 7.95% p.a. and 19.45% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases. Note: WISR is not available to applicants who have previously taken out payday loans.

Compare up to 4 providers

OnDeck Business Loans Offer

OnDeck Business Loans Offer

  • Borrow up to $250,000
  • Same day approval
  • Automatic repayments
Security Logo

100% confidential application

OnDeck Business Loans Offer

Apply online and get quick access to the funds your small business needs with a loan of up to $250,000.

  • Loan Security: Unsecured
  • Interest rate type: Variable
  • Upfront fee: 2.5% origination fee
  • Minimum loan amount: $10,000
  • Maximum loan amount: $250,000
  • Quick application and turnaround
Go to site
Promoted
Updated October 22nd, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Apply Now
$10,000
$250,000
6 months to 2 years
2.5% origination fee
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
$5,000
$300,000
3 months to 1 year
3% origination fee
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
$5,000
$200,000
3 to 18 months
2.5% establishment fee
Apply for up to $200,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
$5,000
$300,000
3 months to 2 years
3% origination fee
A business loan available up to $300,000 that can be funded in 1 business day. Must have a turnover of $6,000+ per month and provide 6 months of trading history, 3 months history for existing business purchases.
$10,000
$500,000
6 months to 2 years
$0 establishment fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+. Note: The establishment fee will be waived if you apply and are approved before 15 October 2019.
$5,000
$500,000
6 months to 2 years
2% drawdown fee
A business loan up to $100,000 for unsecured loans, or $500,000 for secured loans that you can use for any business purpose. Transparent costs and redraw facility available.
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
$5,000
$500,000
6 months to 3 years
$0 application fee
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.

Compare up to 4 providers

$3,000 loan eligibility

Eligibility criteria differs between lenders. As a general rule, to qualify for any sort of finance in Australia loan applicants must be:

  • Over the age of 18
  • An Australian citizen or permanent resident
  • Employed

While lenders generally prefer applicants with good credit and in full-time employment, applicants can still be eligible if they:

  • Have bad credit. Short-term lenders offer loans of up to $3,000 and most will accept applicants that have bad credit providing that they can show proof of income. This can include customers who are bankrupt in some cases.
  • Are on a low income. As long as someone has the means to repay the loan, they could be eligible for a loan. When someone applies, lenders will ask for their income and employment situation and will check the last 90 days of their bank statements.
  • Receive Centrelink payments. Many lenders accept those receiving Centrelink as income, even sometimes if that is the only income that they receive. Though usually lenders require that borrowers only attribute less than half of their income to Centrelink payments. There may be criteria that these applicants need to meet, such as 50% or more of their Centrelink payments not going towards their repayments.
  • Work casually or part-time. Irregular income from casual employment doesn't disqualify people from applying for a loan, the same as a lower income from part-time employment wouldn't disqualify them. People may still may be eligible to borrow up to $3,000 depending on how much they wish to borrow.

$3,000 loan options

Before clicking "Go to Site", find out more about various loan options.

  • Bad credit loans

For potential loan customers who have bad credit, they can consider applying for a $3,000 bad credit loan. Lenders who offer these loans may still look at an applicant's credit history, but focus instead on their current financial standing and their ability to repay the loan. These loans tend to attract higher than usual interest rates and fees. These fees are capped at a $400 establishment fee and an APR of 48%, but if offered these rates customers can expect high repayments and high loan costs.

  • Secured personal loans

A secured personal loan requires that the borrower provide some form of collateral, which could come in the form of equity in their home, a term deposit, or a vehicle. Secured loans often have more competitive interest rates than unsecured loans, and for bad credit applicants, these types of loan may work out cheaper than an unsecured loan. Repayment terms can vary between one to seven years, and the interest rate can be variable or fixed.

  • Unsecured personal loans

If a prospective borrower can’t or doesn't want to provide any kind of security, they can consider applying for a variable rate or fixed rate unsecured personal loan. This type of loan will usually come with a higher rate, but may also require less paperwork than its secured counterpart. Applicants may also find fewer restrictions in the way they can use their loan funds.

  • Short term loans

While these loans are generally for $2,000 and less, there are lenders offering larger loans for up to $3,000. Also known as payday loans, these are unsecured personal loans that come with fixed fees and rates. They have relatively short repayment periods, generally ranging from 16 days to one or two years. Repayment times of these loans depend on when the approved applicant gets paid, and in most instances, they have to set up direct deposits so the amount is deducted on day of payment. Be aware that while fees and interest rates are capped for these small-medium loans, repayments are still usually very high.

How to compare loan options

  • How much will the loan cost?

Prospective applicants should check to see whether a loan's rate is fixed or variable, and look at the upfront and ongoing fees associated with the loan. If they are applying with a non-Authorised Deposit-taking Institution (ADI), such as a payday lender or an online loan provider, the lender will be restricted as to how much they can charge. For a loan up to $2,000, fees are capped at a 20% establishment fee and a 4% monthly fee. For loans between $2,001 and $5,000, charges are capped at a $400 establishment fee and a 48% p.a. interest charge which includes all other fees and rates.

  • Does the loan include flexible repayment options?

Can customers make extra payments or repay the entire amount ahead of time without attracting any penalties? Do approved applicants get to choose between making weekly, fortnightly, and monthly repayments? Do they have to set up direct debits or do you have other options when it comes to repayment methods? These are all good questions to ask to see how flexible repayment options are with a loan.

  • How long do you have to repay?

Repayment terms differ between lenders but customers will usually have between 60 days and one year to repay their loan. Applicants should choose repayment terms that meet their needs and budget. Be aware that longer repayment terms will end up costing more over the life of the loan, but shorter terms will mean higher repayments.

  • What kind of account access is available?

Some lenders offer mobile, online and phone banking options with their loans, so that customers can keep track of their repayments and manage their accounts more easily.

Tips for being approved

There are no set parameters that can guarantee the approval of any given $3,000 loan application, but prospective applicants can take certain measures to increase the likelihood of their application being approved.

  • Go through the eligibility criteria. Customers can check the eligibility criteria for $3,000 loans on finder.com.au review pages. Applicants should check that they meet the minimum income, employment and credit history requirements before applying.
  • Examine your credit file. While potential loan applicants might think they know what’s on their credit file, there's always room for mistakes. Errors can creep into a person's file and it’s only when they examine it can they spot them. If and when you spot any errors, you can take measures to fix them. Getting a free copy of your credit file is easy, and you can get it online.
  • Don’t apply indiscriminately. Loan applications show on your credit file and too many applications is usually a red flag to lenders. When people apply for multiple loans in quick succession, a prospective lender can view this as irresponsible borrowing behaviour and it can also negatively impact their credit score. To keep the possibility of approval more likely, limiting the number of loan applications and the frequency at which you apply for loans is important.
  • Making on-time repayments. Lenders try to establish if their customers can manage their repayments through the entire course of the loan, but they don’t have any foolproof way of doing this. So, it is up to the customer as well to ensure that they can meet their repayments comfortably. Using a loan repayment calculator can tell you what to expect in the form of repayments. A calculator will require you to enter the loan amount, loan term, and interest rate. Customers can also choose between weekly, fortnightly, and monthly repayments

Weigh up the pros and cons of $3,000 loans

  • Repayment flexibility
    A number of lenders allow their customers to make repayments according to how frequently they get paid, which can be once a month, twice a month, or even four times a month. Loans that offer penalty free extra or early repayments can also save potential borrowers money on interest over the life of the loan.
  • Account access
    Most lenders give customers the ability to access their account online, and almost all offer access to phone banking as well.
  • Apply with bad credit
    Suffering from poor credit doesn't mean someone can’t get a loan. Most payday lenders will consider bad credit borrowers for a loan with less-than-perfect credit. Some lenders also do not perform credit checks, but as it is a requirement that all bad credit lenders lend responsibly, it shouldn't be of consequence whether or not a bad credit lender performs a check.
  • Higher interest rates and fees than standard loans
    Interest rates for bad credit loans are noticeably higher than most other loan types, so applying for such a loan should ideally be a last resort. If prospective applicants have time to wait and improve their credit score prior to applying, this will usually qualify them for a better loan deal. Payday loans or cash advance loans also tend to attract higher interest rates than more traditional secured and unsecured personal loans.
  • Higher repayments on the loan principal
    If someone is offered a higher than average loan rate and their lender has offered them a shorter term, they can expect their repayments to be high as well. Applicants should make sure these repayments will be manageable on their budget.
  • Less than reputable lenders
    If any offering seems too good to be true, it probably is. Applicants should ensure the lender they're applying with has a solid reputation by reading independent reviews and even customer experiences.

What to avoid

Applying for a $3,000 can involve certain risks, so it's crucial that to avoid the following:

  • People should avoid applying for more credit if they have trouble dealing with their existing loans or everyday expenses, because doing so can change their situation for the worse.
  • A typical bad credit loan comes with shorter repayment terms, which can require customers to make considerably high repayments. They should avoid getting into a situation where they cannot make timely repayments. Each individual financial situation should be taken into account before applying.
  • Prospective applicants should avoid paying unnecessarily high rates and compare their options to get the right and most affordable loan for them.

Frequently asked questions

If you still have questions about $3,000 loans, see if you can find the answer below. You can also use the form at the end of the page to submit a question to our team.

How do I begin the application process?

The first step is to compare your options, and after you find a loan you wish to learn more about or apply for, click on the "Go to Site" button. Once on the lender’s website you can begin the application process.

What happens after I apply?

Some lenders inform you of their decision in minutes, while other can take up to two business days. Expect to hear from the lender about its decision irrespective of whether it grants the loan to you or not.

Can I be approved for a loan if I receive Centrelink payments?

There are lenders who will consider you for a loan if you receive Centrelink payments. Read our guide on Centrelink loans and see who may consider you for a loan.

Can I borrow more than $3,000 with bad credit?

While it might be inadvisable to apply for larger amounts of credit when you're credit needs improving, some lenders do offer bad credit loans up to $5,000.

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16 Responses

  1. Default Gravatar
    HenryJuly 26, 2016

    Need $3,000 for real estate transaction which will close on August 3, 2016. Will be repaid on August 4, 2016. Can you do it?

    • Avatarfinder Customer Care
      DeeJuly 26, 2016Staff

      Hi Henry,

      Thanks for your comment.

      Please note that finder.com.au is a financial comparison and information service, not a lender.

      If you want to apply for a particular loan product listed above, you can do so by clicking the “go to site” button. Before submitting an application, it would be good to check the eligibility criteria first.

      Cheers,
      Anndy

  2. Default Gravatar
    RaymondApril 30, 2016

    Can I get $5000 with bad credit?

    • Avatarfinder Customer Care
      ElizabethMay 2, 2016Staff

      Hi Raymond,

      As long as you meet the minimum criteria set by the lender you may be able to be approved for a loan even if you have bad credit. You can compare your bad credit options up to $5,000 here.

      Hope this helps,

      Elizabeth

  3. Default Gravatar
    sandiNovember 27, 2015

    I need a 1k loan now.family emergency.where can I go to get it.fico 580.

    • Avatarfinder Customer Care
      ElizabethNovember 30, 2015Staff

      Hi Sandi,

      You’ve come through to the Australian section of our website – to compare your options for US small loans you can head to this page.

      Thanks,

      Elizabeth

  4. Default Gravatar
    SerafiOctober 24, 2015

    Please I need to apply for a loan $3000 and I need it today how can I get it plz

    • Default Gravatar
      NadineSeptember 4, 2017

      I need a loan of 3000 over 24 months

    • Default Gravatar
      NadineSeptember 5, 2017

      I don’t have bad credit I jus want a 3000 loan over 24 months so repayments are no pressure

    • Avatarfinder Customer Care
      JoanneSeptember 5, 2017Staff

      Hi Nadine

      Thanks for reaching out. To discuss your eligibility or options for a loan, please compare your loan options via this link, review the requirements and then get in touch with a lender featured on this page.

      Best Regards,
      Joanne

    • Avatarfinder Customer Care
      HaroldSeptember 4, 2017Staff

      Hi Nadine,

      Thank you for your inquiry.

      As per checking you are already on the correct page. If you have a bad credit and looking for a loan $3,000 over 24 months. Please review the offers listed above.

      I hope this information has helped.

      Cheers,
      Harold

    • Avatarfinder Customer Care
      ElizabethOctober 26, 2015Staff

      Hi Serafi,

      To apply for any of the lenders on this page please click ‘Go to Site’. Many of them can transfer funds to you, if you are approved, on the same day.

      Thanks,

      Elizabeth

  5. Default Gravatar
    rajeshAugust 14, 2015

    My credit score is 270 got full time job i earn over 1k weekly. I have3 small loans paying about 400 weekly to pay till late october. Im looking for 6k loan to pay off all these small loans n keep whatever is left on my account. Can any1 help me here so i can start fresh im too stressed at the moment.

    • Avatarfinder Customer Care
      ElizabethAugust 17, 2015Staff

      Hi Rajesh,

      Thanks for your question.

      You might want to take a look at this page that shows you your loan options for up to $10,000 if you have bad credit.

      I hope this will help.

      Thanks,

      Elizabeth

  6. Default Gravatar
    MarkJuly 19, 2015

    I am a bankrupt and really in a bad way broke no assetts really depressed but have a job can I get a loan to get some things and fix a hearing aid and new glasses pay some nasty little bills I just can’t afford all this at the moment.

    • Avatarfinder Customer Care
      SallyJuly 20, 2015Staff

      Hi Mark,

      Thanks for your comment and we’re sorry to hear about your present situation.

      You may want to consider some of the loan options on this page. Here you can view some of the loan options available for individuals who are either unemployed or bankrupt.

      You may also want to view our guide to repairing your credit history after bankruptcy here

      I hope this has helped.

      Thanks,

      Sally

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