No Credit Check Personal Loans

Find out how to get a personal loan without the hassle of credit check.

Last updated:

If you don't want your credit history stopping your from being approved, there are lenders that will approve you without a credit check. These lenders may be more strict with their other requirements, such as having minimum income or employment requirements, but you still can be eligible. Find out what you need to know in this guide.

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.

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
Go to site

Comparison of no credit check personal loans

Updated September 20th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee 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 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.

Compare up to 4 providers

Compare no credit check personal loans

  • Ferratum Cash Loans: You can apply for a no credit check personal loan from Ferratum and get up to $1,900 over a period of up to 6 months.
  • Sunshine Loans: Sunshine Loans offer loans up to $2,000 without conducting a credit check.
  • Cash Train Loans: With a loan from Cash Train you could borrow up to $800 on your first loan without any credit checks.
*Total cost may vary based on any other fees charged by the lender at the time of repayment

Why don't these lenders require a credit check?

Various lenders specialise in bad credit loans, and lenders that do not require a credit check are part of this group. The lender offsets the risk of lending to those with bad credit by charging higher rates and fees. While these loans are more expensive, it's important to keep in mind they have to set their fees by ASIC's requirements.

I have bad credit – should I get a no credit check loan?

If you have bad credit you have the option of a no credit check loan or a simple bad credit loan. There are various lenders that will look past your credit history, even though they still perform a credit check, and can approve you with defaults, missed payments or even bankruptcies.

The different types of no credit check personal loans

There are basically three types of personal loans which don't require a credit check; unsecured loans, secured loans and payday loans.

  • Payday loans

Payday loans, also referred to as short-term loans, vary in terms of loan amount and loan terms., Generally, you'll find terms of between 16 days and one year and loan amounts up to $5,000.

  • Unsecured no credit check personal loan

These loans are larger than payday loans, with some lenders offering amounts up to $10,000. Because of the larger loan amount the interest rate will be higher – loans above $5,000 come with a maximum rate of 48% p.a.

  • Secured no credit check personal loan

A secured loan is where the borrower puts up an asset as collateral for a loan, usually a large item. Offering security may help those with bad credit be approved, and some lenders will not require a credit check

Sarah emergency car repairs


Sarah was driving to work when her car broke down. As a shift worker, she lost two hours pay taking her car to the mechanics and was even more stressed when she realised the bill would be $200. She didn't have that kind of money and needed her car to get to and from work. Sarah also had several defaults and credit enquiries on her file from a year ago – she didn't like her chances of being approved.

Worries about losing her job and unable to borrow money from her family, she looked into a no credit check personal loan. She compared her options, found one that looked reputable and applied online later that day.

What you need to know when comparing no credit check personal loans

People with bad credit often adopt a "take what I can get" attitude to personal loans, but this can result in significant financial loss and debt. However, it helps to compare your options to find the one that best suits you:

  • What are the associated fees?
    Responsible lenders will be upfront with you about all fees and charges before they agree to let you borrow from them. You should also check the fees you will be charged if you fail to make repayments as these can differ between lenders.
  • What are your loan terms?
    Lenders offer varying terms for these types of loans. Choose a loan term that suits your budget and one that you will be able to manage.
  • Does the loan offer repayment flexibility?
    Lenders can be very strict with their repayment options. For example, some lenders will tailor your repayments to suit your pay frequency, while others will let you choose the dates to repay.
  • Can you trust the lender?
    Unfortunately, there are a lot of disreputable lenders who offer no credit check personal loans. Have a good look at a lender's website and see how upfront they are about fees, charges and loan terms. You should also check how easy the lender is to contact.

How to be approved for a personal loan with bad credit

If you have bad credit and are looking to take out a personal loan, it's important to know that there are options available to you. There are two main types of lenders who can approve loans for those with bad credit:

  • Lenders who don't perform a credit check. These lenders will not perform a credit check and instead ask for proof of your current employment and financials.
  • Lenders who look past your credit history. Your second option is a lender who checks your credit history but will still approve your loan if you have bad credit. These lenders focus on your current financial position rather than your credit history and are interested in your current ability to repay the loan.

When you apply with either of these types of lenders, they will use your current financial position and employment position as a basis for their lending criteria. If you are currently in stable employment and receiving regular pay, you are likely to be approved without a credit check.

Why would I apply for a no credit check personal loan?

A bad credit file shouldn't mean you get denied access to a form of credit. If you've missed a bill payment, or lost your job and fallen behind on a repayment you can still apply for a loan. You would consider a no credit check loan when you don't want your credit history being examined by your next lender. If you do apply for a no credit check loan then it is important to manage your repayments, as this may adversely affect your credit file.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

60 Responses

  1. Default Gravatar
    DaleJuly 10, 2018

    Can I get a bad credit loan on Newstart allowance

    • Default Gravatar
      JoelJuly 10, 2018

      Hi Dale,

      Thanks for leaving a question on finder.

      You still may be eligible for a loan if you receive Centrelink payments as part or even all of your income. These include loans from short-term lenders, banks and credit unions. Government and community financial assistance schemes are also available. To compare, please click HERE.


  2. Default Gravatar
    KathrynOctober 17, 2017

    I am looking for a personal loan of $10000. I get disability support pension. I also get income protection payments monthly and a pension from the UK monthly. @$40000 annually and consistent .
    I would like it to be over 7 years with the flexibility of being less. I have looked at my credit report and there is nothing that jumps out. However I did suffer financial hardship @5 years ago so I’m not that happy about it being checked. There is record of my applications. I’m classed as moderate.
    Reason for loan is for major dental work. I may be able to get it covered by TAC but I’m only just starting the process of starting the claim. The other reason is that I need emergency money for a flight. My Mum is 85 and in the UK. There is no doubt that I’m going to need to drop everything and fly there.
    I share rent with my 20 year old daughter.
    I have no loans or debt.
    I have a car worth @$10000. I have superannuation $42000. My contents are insured for $70000. I have several items of art and jewellery which are valuable.
    I have usual expenses except the costs of my dental treatment.
    I admit to not being disciplined in keeping to my in depth budget. I do be,i eve I will be able to service the loan comfortably. My Mother is very supportive and is and willing to cover me if needed. She is willing to put that in writing.
    I do not want to make another application that is denied in 60 seconds and then gets added to my credit report.
    I would prefer a loan but would consider a credit card making it a priority in my budget.
    I would be grateful for advice and potential providers.

    • Avatarfinder Customer Care
      JudithOctober 18, 2017Staff

      Hi Kathryn,

      Thanks for contacting finder, a comparison website and general information service.

      I do understand that you would like to know your loan options. You may check out this page for you to have a comparison of each lender. You can also calculate your borrowing ability through our calculator which is also on the same page.

      Aside from the it, kindly check the other list of options which you may view here.

      You can click through to the page to find out more about the personal loan options available, and you can click “Go to Site” to submit your application. If you have questions regarding your eligibility it would be best to contact the brand directly.

      To improve your chances of getting approved for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      Every loan application you make will be listed on your credit file and too many applications within a short space of time will not look good to a prospective lender. If you would like to see if your bank would approve a loan for you, have a chat to them over the phone, online or in a branch to see what they say before you apply.

      I hope this helps.


  3. Default Gravatar
    BennieSeptember 13, 2016

    I would like to know if I’m able to borrow $600

    • Avatarfinder Customer Care
      ElizabethSeptember 13, 2016Staff

      Hi Bennie,

      Eligibility criteria differs between lenders but you can check the criteria for each lender by clicking on the name of the loan. Once you’ve found a loan you’re eligible for and want to apply for, click “Go to Site” to submit your application.

      Hope this helped,


  4. Default Gravatar
    CarmelJuly 29, 2016

    Can I get a secured loan with my Car with bad credit, on centre link with money coming in from my son who pays half my rent and get money from my ex husband.

    • Avatarfinder Customer Care
      ElizabethAugust 1, 2016Staff

      Hi Carmel,

      You can compare lenders that consider Centrelink applicants for loans (banks and short-term lenders) on this page. You can click through to the provider pages to find out what loan options are available.

      I hope this helps,


  5. Default Gravatar
    2youngJune 28, 2016

    is there a way to get a loan for only $100

    • Avatarfinder Customer Care
      ElizabethJune 28, 2016Staff


      If you’re looking to apply for a no credit check loan, Ferratum offers a minimum loan amount of $100. Check you meet the minimum criteria and then click “Go to Site” to submit your application.

      Hope this has helped,


  6. Default Gravatar
    MelodyMay 5, 2016

    Apply for a loan no credit check at all which company can I go to for personal no credit check

    • Avatarfinder Customer Care
      ElizabethMay 6, 2016Staff

      Hi Melody,

      The options listed on the page above do not conduct a credit check. You can compare to find the right one for you and when you’re ready to apply click “Go to Site”.

      Hope this helps,


  7. Default Gravatar
    cherylApril 21, 2016

    If my loan is 7000 how much will i be paying back each fortnight

    • Avatarfinder Customer Care
      ElizabethApril 22, 2016Staff

      Hi Cheryl,

      Your repayments depend on how long your loan term is. You can use the loan calculator here to determine your ongoing repayments.

      Hope this will help,


  8. Default Gravatar
    JoeMarch 20, 2016

    What would I pay weekly on a $2000 loan

    • Avatarfinder Customer Care
      ElizabethMarch 21, 2016Staff

      Hi Joe,

      This depends on how long you are taking out the loan for. You can use the payday loan repayment calculator on this page to get an estimate for your ongoing repayments.

      I hope this has helped.



  9. Default Gravatar
    RobeyMarch 7, 2016

    Iam from indonesia,can i borrow some money

    • Avatarfinder Customer Care
      ElizabethMarch 7, 2016Staff

      Hi Robey,

      Unfortunately, as an Australian comparison website, the lenders on this page can only consider you for a loan if you currently reside in Australia. You may need to find a lender in Indonesia to apply for a loan.


  10. Default Gravatar
    sunghiFebruary 29, 2016

    can i borrow money for $12?

    • Avatarfinder Customer Care
      ElizabethFebruary 29, 2016Staff

      Hi Sunghi,

      The cost of the loan will depend on how much you borrow and also who you apply for a loan with. If you apply for a loan of less than $2,000, the maximum fees the lender can charge cannot be more than 4% of the principal amount as a monthly fee and a 20% as an establishment fee.

      I hope this has helped.



Ask a question
Go to site