At , we have an expert team of car loan brokers who will take the time to understand your situation and find you the right bad credit car loan for your needs, even if your credit record is less than perfect.

We have helped many everyday Australians just like you get bad credit finance, including people with little or no credit history, part-time and casual workers, the self-employed, customers who are ex-bankrupt, and people who are temporary residents of Australia.

Our specialist brokerage team understands your frustrations and we can find a solution to get you behind the wheel with a loan that comes with a sensible interest rate. Let us help you to transform your bad credit history into a positive credit history future.

How bad credit car loans work

Bad-credit car loans in Australia work just like any other secured personal loan.

You apply for a loan and, if you meet the lender’s eligibility criteria, the lender will approve it. The loan money will then be directly sent to the car dealer or seller. You must then repay the lender by paying off the original sum plus interest, in regular installments. The loan is secured against the car, so if you fail to repay the lender, they can repossess the vehicle.

The amount you borrow will be determined by the cost of your car. You can generally choose the length of time it takes to repay your loan, which can range from one to seven years.

If you have an imperfect credit record, these loans are viewed as carrying a larger risk for the lender, so they will usually charge a slightly higher interest rate.

We can help you every step of the way.

Getting a car loan can be a challenge, especially if you have a black mark on your credit record. We can help you navigate the minefield of different lender requirements and negotiate with lenders for you. If you can show that you have improved your situation or have a reasonable explanation for any past defaults, we can usually get you a loan.

Low rates

Our lending specialists will get you the best possible interest rate so you save money.

No hassles

Our simple process takes the hassle out of getting a car loan.


We are passionate about helping every Australian get behind the wheel of the car they need!

Fast approvals

We know exactly what our lenders need so we can get through to approval quickly.

What are the requirements to apply for a bad credit car loan?

Just like any other car loan applicant, you will need to answer the following questions to the satisfaction of the lender when you apply for bad credit car finance:

  • Who are you?
  • What do you need the money for?
  • How will you pay back the loan?

What documents are you required to provide?

Loan application paperwork is required to protect you from unethical lending practices (lending you more than you can repay) and to avoid fraud. This is a legal obligation for the lender.

There are three types of documents you’ll need to provide:


  • A valid driver’s licence

  • Proof of residence, including location and status. 

Financial Information 

  • Bank statements

  • Liabilities and assets

  • Evidence of income 

Details about the vehicle

  • VIN (vehicle identification number) and registration number
  • Purchase price
  • Proof of comprehensive car insurance

Who can assist with auto loans for people with negative or poor credit history?

People with defaults

Defaults on your credit file can prevent you from getting financing from many of the larger institutions, and they can be tough to overcome because they linger on your credit file for five years. However, we deal with lenders who are willing and able to work with you. Our consultants are experts in the product market and can find you the best value loan for your needs.

Borrowers with a limited credit history

To a lender, having no credit history is roughly equivalent to having a bad credit history. It means that lenders have no way of knowing how trustworthy you are as a borrower. However, our car finance brokers can find you a loan even if you have never borrowed before, provided you can show us that your income is enough to handle your repayments.

People who receive Centrelink benefits

Borrowers whose Centrelink assistance accounts for a large percentage of their income have a harder time being accepted for vehicle loans. Our lenders are happy to deal with customers who have alternative sources of income, such as Centrelink, particularly those who receive half or more of their income from benefit payments.


While traditional vehicle loan application criteria often requires you to provide employment contracts and payslips, our car loan brokers can help self-employed people looking for car finance who may not have up-to-date records explore their low-doc lending choices.

What to consider when applying for a bad credit car loan

Interest rates are usually higher

If you have a bad credit rating, traditional lenders may either deny your loan request or offer you a loan with a very high interest rate. One of our lenders that specialises in bad credit car finance, on the other hand, may be able to provide you with a cheaper loan and speedier approval times.


Fees for bad credit car loans are often higher. On bad credit car loans in Australia, some lenders impose a monthly account fee or administration fee. Many lenders will also charge an establishment fee to arrange your loan, which can be substantial. Finally, if you repay your loan before the agreed-upon loan term date, many lenders will charge you a fee. Fees can really add up and increase the price of your loan, so it’s important to consider these carefully before you take out a loan.

Smaller loan amounts

The amount of money you can borrow for a car loan is determined by your income, monthly expenses, and credit history. If you have a poor credit score, you won’t be able to finance all cars. In the applications they review, a lender will want to see a reasonable loan amount: the smaller the amount, the lower the risk.

Higher deposits can help application chances

A deposit is not required for a car loan, but it may be beneficial. Having a deposit may gain you access to more competitive interest rates, depending on the lender. 

How to apply

Apply online or over the phone and we’ll take care of the rest has simplified the process of obtaining a low-interest auto loan. Our four-step approach saves you time and gets you in the driver’s seat more quickly.

  • Tell us about yourself by applying online or over the phone.

  • We’ll find the best financing for you.

  • We’ll take care of the application and the settlement on your behalf.

  • Get in your car and hit the road! 

Bank said NO? Talk to

We take time to find out about your credit history. We will learn how your situation has improved and we’ll put your case to lenders, generally with good results.

Ready to make a new start?



Frequently asked questions

Car loans can usually be processed in a couple of days, or even sooner if you need it. The speed will depend upon  how much paperwork you can supply quickly, your credit history, and your residency status.

While some car lenders claim to deliver instant approval, the timing is always dependent on how quickly the borrower submits supporting papers.

If you have a bad credit history, you may have to wait longer since the lender may want more supporting documentation. 

If you have a poor credit score, you can take some basic steps to improve your prospects before applying for a car loan. There are a number of things you can do to enhance your chances, including:

  • Paying off any overdue bills as soon as possible. This gives lenders assurance about your ability to repay your loans in the future. Having ‘paid defaults’ rather than ‘unpaid defaults’ will boost your credit score in the long run.

  • Maintain stable employment - staying in the one job for at least six months will give the lender confidence that you have a reliable income to pay for your loan repayments

  • Pay all of your bills on time, both now and in the future (including your car loan repayments). Under Australia’s comprehensive credit reporting policy, which went into effect in 2018, reporting agencies will take note of this. Previously, credit reporting agencies calculated your credit score solely based on late or missed payments. Positive repayment data is now recorded, making it easier to increase your credit score if you pay all of your bills on time.

  • Don’t submit any credit or loan applications that are unlikely to be approved. This has a negative impact on your credit score. Don’t take on too many loans or make too many loan inquiries.

  • Consolidate your high-interest debts into a single, lower-cost loan. Instead of remembering to make many regular payments, you’ll simply have to make one lower payment to pay off your entire debt. Of course, this will require approval from a lender.

  • Maintain a stable address.  Lenders need to know they can contact you. Having a permanent, registered address is one method to show them that they can reach you.

Not always. In some situations, though, lenders may require a deposit from customers with bad credit before approving a loan, in order to reduce their risk. On the upside, your monthly payments may be cheaper than if you had taken out the loan without putting down a deposit, and you may pay less interest overall.

Some Australian lenders will give you a car loan without reviewing your credit history. This is what’s known as a no-credit check car loan. The downside is that they are likely to impose higher fees and interest rates. They may also require a big deposit to qualify for the loan.

It's unlikely a lender will refinance a car loan that is currently in arrears or that you have defaulted on; however, if your existing bad credit car loan has been managed well, there are options available to refinance the loan, to improve the interest rate and repayments.

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