girl applying for bad credit loan on phone

Bad Credit Payday Loans

A bad credit payday loan could get you out of a sticky financial situation without the need to commit to long-term debt.

There are times we all run into some unexpected expenses, from car repairs to dental work and just about anything in between. When you need a little extra cash to get you through to your next payday, you have the convenient option of taking out a bad credit cash loan.

A selection of bad credit payday loans

If you're stuck with bad credit, compare the loans below to see what offer you may be eligible for:

Sunshine Short Term Offer

Sunshine Short Term Offer

  • Bad credit applicants considered
  • Fast approval service
  • Borrow up to $2,000
Security Logo

100% confidential application

Sunshine Short Term Offer

A short term loan with a fast and easy application available to those with good or bad credit. You can apply today and get approved for up to $2,000.

  • Loan amount: $2,000
  • Loan term: 9-12 weeks
  • Turnaround time: 30 minutes (conditions apply)
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Income requirement: 50%+ of income cannot be from Centrelink
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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Updated August 18th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $1500 Loan)
9-12 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
62 days to 1 year
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 1 year. Centrelink cannot be your primary source of income.
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.
12-24 months
Same day
$400 establishment fee + 48% p.a. interest
A small loan with long terms: Apply for up to $5,000 and have up to 2 years to repay.
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
6-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay.

Compare up to 4 providers

Swoosh Finance

Swoosh Finance


48 % p.a.

variable rate


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
Updated August 18th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $1500 Loan)
12-24 months
Next business day
$400 + 48% p.a. of borrowed amount
A secured loan up to $5,000 you can apply for in 10 minutes. Have up to 2 years to repay what you borrow.
Up to 2 years
24 hours
Apply for up to $5,000 and be able to access your approved loan as a convenient line of credit.
13-24 months
Instantly - conditions apply
from 12.00% interest rate + Establishment fee of $400
Up to 2 years
1 hour - conditions apply*
Application fee of $400 + 47.62% p.a.
Apply for up to $5,000 and have up to 2 years to repay.
3-36 months
Within 24 hours
from 17.9% p.a. + establishment fee of between $460 - $695 + $5 monthly fee
A larger loan up to $10,000 you can apply for even with bad credit. Fast turnaround within 1 business day. Note: You must earn more than $500 per week.
12-24 months
Same day
$400 establishment fee + 48% p.a. interest
A small loan with long terms: Apply for up to $5,000 and have up to 2 years to repay.
Up to 24 months
24 - 48 hours
$400 (establishment fee; financed under loan) + 48% p.a. interest
A larger loan up to $4,600 available even if you have bad credit. You'll have up to 2 years to repay.

Compare up to 4 providers

More bad credit payday loan comparisons

Sort through the table below to find out how much you might be able to borrow.

Loan Name Loan Features
Swoosh Finance Loan Borrow up to $5,000 with the short term loan from Swoosh.
Sunshine Short Term Loans You could borrow up to $2,000 without a credit check.
Nimble Short Term Loan Apply online for up to $2,000 with the Nimble flexible loan.
Cash Train Loans Cash Train offer a loan up to $2,000 for bad credit borrowers.
Ferratum Cash Loans Get a loan for up to $1,900 – without a credit check.

Can I actually get a payday loan with bad credit?

Payday lenders operate with different lending criteria from other institutions, such as major banks. This is the primary reason they can offer loans to borrowers with bad marks on their credit files. Payday lenders will consider your employment situation, how much you earn, whether you are on Centrelink and the last 90 days of your bank statements when seeing if you're eligible for a loan.

If your credit is exceptionally bad, but you still have a genuine income, a no credit check payday loan may be something to consider.

Am I eligible for a loan?

The requirements to be eligible for a payday loan vary from each institution. You usually need to meet the following criteria:

  • An Australian citizen or permanent resident
  • Over 18 years of age
  • Receive a regular income, either through employment or Centrelink benefits.

These criteria are only an example of common eligibility requirements. You should check that you meet the eligibility criteria set by the lender before you apply.

What features come with bad credit payday loans?

There are various features that come with short-term bad credit loans:

  • Convenient online application. Lenders allow you to apply online and the application process only takes a few minutes. You should hear a response immediately.
  • Receive your money quickly. It's standard for payday lenders to offer a one-day turnaround. If your loan is submitted by a cut-off time, usually 4:00pm, then your funds will arrive the next business day.
  • Apply for as much as you need. These lenders offer various loan amounts, usually between $100 and $2,000. You can also find loans up to $10,000.
  • Know how much you need to pay in set fees. Payday lenders operate under strict Australian Securities and Investments Commission (ASIC) guidelines, so you will be charged set fees according to this.
  • Easy repayments. Lenders usually direct debit your repayment from your account automatically, so you don't have to worry about missing payments.
  • Repay the loan early. You're usually able to repay the loan early without penalty.

How to find the right payday lender for you

With so many payday loan lenders appearing online, it may be difficult to know where to look first. It’s important that you get the right loan for you, so has found some aspects of payday loans you should consider before making the final decision.

  • Research the lenders thoroughly.
    Lenders will have the right to access your bank account details, so you need to be sure they are trustworthy and have a good reputation. Look at each website thoroughly and make sure it is easy to find the policies and loan terms. Some online lenders even have a “live chat” tool, where you can discuss your needs and ask any questions. It is also suggested that you read reviews and testimonials.
  • Find out what the fees and interest rates are.
    High fees and interest rates are the price you will pay in exchange for efficiency and fast access to funds. According to the ASIC, lenders are only able to charge up to 24% of the principal loan amount per month as fees for loans under $2,000.
  • What is the turnaround time on getting your funds?
    How fast do you need the money? Do you need it within an hour, or do you have a day or two to spare? Most lenders will transfer the money directly into your account within a time frame anywhere from 1 hour to 24 hours (on business days).
  • Can you get loan extensions or redraws?
    Some loan companies can extend the term of your loan up to 90 days. Of course, there will be extra fees associated with this. Before you sign anything, always ask what happens if you are unable to pay back the loan on time. Make sure to ask about any hidden or extra fees you might incur within the time you have to pay the loan back. You should have a fairly good idea of how quickly you can pay off your loan, so try to avoid any extensions if you can.

Loan for car repairs

Car accident bad credit loanHarry was driving when he had a small car crash, colliding with a tree. The bonnet of his car was whomped out of shape and the engine also needed repairs. The total costs were close to $1,000, but he had neither the money nor the credit history to access a loan. He needed the car repaired quickly and so looked at his short-term loan options. Harry was employed full-time in government work and so was approved for a small loan to be repaid over his next two paydays. The loan was in his account on the same day and so he was quickly able to get the car repaired.

The good and the not so good of payday loans

  • Quick and easy application process.
    Being able to lodge your application online removes the hassle of paperwork and provides a convenient, simple solution to unexpected expenses.
  • Quick turnaround time.
    Many lenders will have the funds deposited into your bank account within 24 hours.
  • Fixed rates and charges.
    There are no interest rates on bad credit payday loans. You'll know exactly how much you have to pay back.
  • Bad credit history.
    Most lenders focus on your current financial status. This is ideal for anyone with a low credit rating.
  • Many brands to choose from.
    There are many reputable online lenders you can choose from. It’s important that you find the right company to suit you and your needs.
  • Higher fees.
    The fees are higher than for most other personal loans and may end up costing you more than you can afford.
  • Payday loans are not a long-term solution.
    If you are having financial difficulty, a payday loan may just be a “quick-fix” short-term solution – it's not going to help minimise your overall long-term debt.
  • Dishonest lenders.
    Unfortunately, there are fraudulent lenders operating online. It can also be hard to detect dodgy lenders since you cannot simply walk into their store. There is only one way to avoid taking out a loan with a dishonest lender – do some research. Make sure the lender you choose is well-known and reputable.

How can I apply for a payday loan without getting ripped off?

With so many lenders out there to choose from, applying for a bad credit payday loan can be tricky. Use the comparison table on this page to guide your decision-making process. Follow the links to the lenders’ websites for further information on what each lender can do for you.

Make sure you have assessed your own financial situation first to ensure you are certain that you can meet the repayments. The calculator below may help you work out repayments.

This calculator is designed to provide you with an estimate based on the numbers you enter. Your personal details are not taken into account and all calculations are based off the calculation model. This calculator is not intended to be the sole source of your information when making a decision regarding your loan, and this calculator also does not guarantee your eligibility. The calculator works off the following assumptions: fees do not change for the life, your lender will charge a 20% establishment fee and a monthly fee that is 4% of your principal loan amount. You may want to seek advice from a financial professional before signing up to a loan.

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40 Responses

  1. Default Gravatar
    PamMarch 23, 2018

    I have loan with Cigno and as I need other small loan of $500. When I fill in applications to other Lenders and was declined then transferred to Cigno. Why. As when I still have active loan with Cigno I cannot be approved. Is there other lenders similar to what Cigno does

    • Avatarfinder Customer Care
      MayMarch 26, 2018Staff

      Hi Pam,

      Thanks for your inquiry.

      Different lenders have different lending criteria and requirements that you need to meet. If you’ve been declined you may have not met the criteria. Nevertheless, if you’re a bad credit and are looking for a payday/short-term loan, please refer to the loans listed above. Be sure to check the details of the loan and review the eligibility requirements before you apply.


  2. Default Gravatar
    DaleJanuary 31, 2018

    Hi need a loan of $1000 but go bad bad credit I get centrenlink I can paid back $50 fornighty help me

    • Default Gravatar
      JoelFebruary 7, 2018

      Hi Dale,

      Thanks for leaving a question on finder.

      I hope you get through these difficult times. While I am unsure if you’ll get approved for a loan or not, please check this page where you can get a guide on how Centrelink recipients get a loan even on bad credit. There are lenders listed in the table on that page with green checks which you may like to contact to discuss your options and chances of approval.

      I hope this helps.

  3. Default Gravatar
    TracyJanuary 23, 2018

    I need a $1000 bad credit loan approved and money paid with in an hour on centrelink repayments apto $100 a week

    • Default Gravatar
      ArnoldJanuary 23, 2018

      Hi Tracy,

      Thanks for your inquiry

      You can check your loan options by clicking on this link. Please note that lender will require you to meet certain eligibility criteria to qualify for the loan. Please check this out before applying.

      Hope this information helps


  4. Default Gravatar
    TcookDecember 11, 2017

    I need to borrow a large amount but I only have centerlink and I have bad credit.

    • Avatarfinder Customer Care
      HaroldDecember 11, 2017Staff

      Hi Tcook,

      Thank you for your inquiry.

      Your approval will depend on the lender you apply with and also the type of loan you apply for. You may want to consider the other options on this page.

      I hope this information has helped.


  5. Default Gravatar
    Deano_ingraAugust 24, 2017

    I would like to loan $1000 so I can pay part or all of a loan I received from Cigno loans.

    • Avatarfinder Customer Care
      RenchAugust 24, 2017Staff

      Hi Dean,

      Thanks for reaching out to us. If you are borrowing money to pay off other loans, you should first contact your current credit provider and speak to them about your situation.

      It’s important to know that lenders will also ask if you currently have any short term credit contracts.

      It might be good to contact a free credit support counselor to discuss your situation.

      I hope this helps.


  6. Default Gravatar
    RenieJune 15, 2017

    I’m trying to get a fast easy loan $500 to fix my car

    • Default Gravatar
      LiezlJune 15, 2017

      Hi Renie,

      Thanks for reaching out. You can refer to this page for instant cash loan options. Click the “Go to Site” button to get more information and to apply.

      Please make sure to check that you meet the eligibility criteria set by the lender before you apply.


  7. Default Gravatar
    DrossosFebruary 8, 2017

    I have bad credit ,
    i have not been approved for loan of $600
    from lenders you have listed here.

    I am a disability support pensioner.

    Please help me find a loan .

    I am able to make the repayments .

    I just need a chance , please

    • Avatarfinder Customer Care
      MayFebruary 8, 2017Staff

      Hi Drossos,

      Thank you for your inquiry.

      You can actually get in touch a lender on featured this page. Please note though that the approval will still be on a case by case basis, so be sure to read the requirements/criteria and discuss your chances of approval with a lender featured on that page.

      Hope this helps.


    • Default Gravatar
      DrossosFebruary 8, 2017

      Hi May , and thnk u for your reply .

      I tried all you suggested , and still no luck !!

    • Avatarfinder Customer Care
      MayFebruary 8, 2017Staff

      Hi Drossos,

      I’m sorry to hear that. Maybe you can try getting in touch with a lender on this page. I hope they would accept your application.


  8. Default Gravatar
    SandiNovember 25, 2016

    I am on an aged pension, am I eligible to apply for a small loan.

    • Avatarfinder Customer Care
      MayNovember 25, 2016Staff

      Hi Sandi,

      Thanks for your question.

      Please feel free to check this page if you wish to compare your loan options for a small loan. Be sure to review the criteria and read our guide before your apply.

      Hope this has helped.


  9. Default Gravatar
    JadeNovember 1, 2016

    Ive started work full time n im in need of a payday loan of 500 untill 7th of this month when i can pay it in full do i have any luck of obtaining what i need atall

    • Avatarfinder Customer Care
      DeeNovember 1, 2016Staff

      Hi Jade,

      Thanks for your question.

      If you are looking to apply for a payday loan, the eligibility criteria to apply are listed on our review pages. Simply click the name of the loan product above so you’ll be redirected to its review page. To send an application, just click the ‘go to site’ button.


  10. Default Gravatar
    TimmyJune 18, 2016

    Iam needing $1090,oo as my father has passed my credit aparently is shot an am currently in an out of wrk as per mining boom 〽

    • Avatarfinder Customer Care
      ElizabethJune 20, 2016Staff

      Hi Timmy,

      You can find some loan options available to those who are unemployed on this page. Keep in mind you’ll need some sort of income to be approved (Centrelink income, etc.)

      Hope this helps,


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