Those with
"bad credit" may still qualify for a
loan even if their credit file has one
of the following:
- Paid
Defaults & Unpaid Defaults - Generally need to be
paid for 12 months before applying
on serious credit contract defaults
-
Bankruptcy or Part IX Debt
Agreements - (must be discharged
12 months or more - no multiple
Bankruptcies).
Exclusions
- If your
sole source of income is the
Aged Pension, Newstart/Youth
Allowance, Disability
Support Pension, or Austudy
-
Must
be in regular paid
employment to apply.
- If your
weekly income is less than
$400
For
Personal Loans:
From
$500 to $3,000 – Unsecured
Personal Loan
From $500 to $5,000 – Secured
Personal Loan (with a registered
unencumbered car as security or
as a car purchase)
For Secured Car Loans:
Read
Guidelines before applying
Guidelines.pdf
Loans From $8,000 to $100,000
* Applicants under 23 years of age
may require an asset backed guarantor
* Minimum 6 months Full time
employment or 18 months of casual
employment (NO Applicants on Probation Period)
* Unpaid Financial
Judgements/Writs are not acceptable
on secured car loans