Personal Loans No Credit Check

Borrow up to $1,900 over a period of 3 to 12 months with a no credit check personal loan.

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No credit check personal loans can be a good option if your credit score isn't perfect. Lenders will look at your income, employment status and existing debts when assessing your application. Since these loans can be riskier for the lender, no credit check loans may charge higher fees than other options.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here:

⚠️ 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.

Comparison of no credit check personal loans

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Ferratum Cash Loans
3 to 12 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.

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 3 to 12 months.
  • 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. These lenders will make their own decision on whether you will be able to pay back a loan based on factors like your income rather than using an external credit check. This is risky for the lender and this risk can be result in higher rates and fees. While these loans can be more expensive, all lenders still have to set their fees in line with ASIC's requirements.

The different types of no credit check personal loans

There are 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, the loan terms will vary between 6 days and one year and loan amounts up to $5,000.

Unsecured personal loan

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

Secured personal loan

A secured loan requires the borrower to use 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

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

Before you apply for a loan, ask the following questions and compare your options:

  • What are the associated fees? Responsible lenders should be upfront with you about all fees and charges. This could include establishment fees and monthly fees. The lender will also charge fees if you fail to make repayments or default on the loan but this can be harder to find so make sure you check with the provider.
  • What are your loan terms? As discussed above, loan terms can vary between weeks to months or years. People should make sure that the loan term aligns with what they can afford and consider the fees that will apply (for example, customers are usually charged more fees overall for longer loan terms) before applying.
  • Does the loan offer repayment flexibility? Lenders can have strict repayment options. For example, some lenders will tailor the repayments to suit the borrower's pay frequency (for example fortnightly or monthly), while others will let you choose the dates to repay. Some lenders also allow customers to repay their loans early without paying any fees.
  • Is the lender trustworthy? Unfortunately, there are a lot of disreputable lenders who offer no credit check personal loans. It's important to check the lender's website and see how upfront they are about fees, charges and loan terms. The lender should also be easy to contact and have a credit licence on the ASIC Register.

How to apply

The process will vary between lenders but you can usually apply online. Before submitting an application, consider the eligibility criteria as well as the fees and features of the loan. The specific criteria will depend on the loan but usually includes:

Eligibility criteria

  • Age. Must be at least 18 years old.
  • Income. Applicants must prove that they receive a regular income. If this includes support from Centrelink, it shouldn't make up more than 50% of the total income.
  • Banking statements. To assess income and expenses, lenders usually require applicants to provide recent bank statements.
  • Liabilities. Applicants must list details of other liabilities including outstanding loans or credit cards.

Although these lenders won't check credit history while assessing the application, they will consider other financial factors to ensure that applicants can repay the loan. As these loans generally charge higher rates and fees, it's important to consider the risks and only apply for a loan if you're sure that you can afford to repay it.

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60 Responses

    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.

      Yes you may, you can check our list of Centrelink loans. This page provides a list of lenders that will consider you for a loan.

      Please click the name of the lender to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’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. You can also contact the provider if you have specific questions.


    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.

      You can check your loan options while on Centrelink payments. You should be able to check which lenders may consider you for a loan by checking the table found on the page. We also have loan options available to pensioners.

      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.


    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,


    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. You can click through to the provider pages to find out what loan options are available.

      I hope this helps,


    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,


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