Home > Emergency Loans For Bad Credit
Emergency Loans For Bad Credit
Personal Loans up to $10,000
Money in your bank account and ready to use in 60 seconds once approved*(1)
Jacaranda Finance offers emergency loans for bad credit up to $10,000, 100% online.
If you are in need of emergency cash but you have bad credit, Jacaranda Finance offers fast cash loans from $300 to $10,000 for eligible applicants.
Searching for fast emergency loans for bad credit?
If you are in an emergency and need cash fast, but you have a bad credit history, you may be finding it difficult to secure a loan with a traditional lender. Jacaranda Finance is an online lender, which allows us to provide online emergency loans for bad credit to eligible applicants. Whether you have had a large, unexpected bill or an emergency trip to the vet, you can use bad credit loans for emergencies to cover your costs.
Jacaranda Finance is one of the fastest lenders in Australia. We were the first lender to deliver a 60-second payout nationwide; when you need a loan now, Jacaranda Finance is a speedy lender you can count on.
What are emergency loans for people with bad credit?
Emergency loans for bad credit are personal loans designed for people in bad credit that need a fast, short term loan. We offer three categories for people that need an emergency loan: small loans, medium loans and large loans.
||$300 to $2,000
||6 to 12 months
||$2,100 to $4,600
||13 to 24 months
||$5,000 to $10,000
||13 to 24 months
Our small loans are unsecured loans. Medium and large personal loans with Jacaranda Finance are secured loans; this means you must have an asset to use against your loan as security. If you would like a more detailed breakdown of our loan options, please refer to our costs page.
What can I do with small emergency loans for bad credit?
You can use a personal loan to cover a range of expenses. Whether you need an emergency bond loan for bad credit or emergency medical loans for bad credit, Jacaranda Finance may have a loan option to suit you. These are some of the most common reasons we receive loan applications:
- Unexpected bills
- Multiple bills
- Medical expenses
- Dental costs
- Cosmetic procedures
- Wedding costs
- Engagement ring finance
- Holiday expenses
How to apply for emergency loan bad credit
If you are ready to apply for loans for bad credit to cover an emergency expense, it is completely simple and easy to do so using our online application form. Within just a few minutes you can complete your application form; we will do our best to get back to you within 60-minutes*. We support instant transfers on approval, meaning that your money could be in your account ready to use within 60-seconds of approval**. Follow these simple steps to apply:
Step 1: Complete your online application form, including submitting your supporting documents
Step 2: We assess your application
Step 3: Our team will contact you to let you know the outcome of your loan application
Step 4: If approved, review and sign your loan contract
Step 5: Once we receive your signed contract, we will transfer your funds straight to your bank account
We have some standard eligibility criteria all of our applicants must meet before we can process their loan application. Please ensure you meet the following requirements before you apply:
- You are at least 18 years old
- You have had a consistent income into your bank account for at least 90 days
- You are an Australian citizen or permanent resident
- You have an active email address or mobile phone number
- You have internet banking set up
We also require copies of the following supporting documents along with your online application. Please ensure we receive digital copies of the following documents:
- 100 points of ID
- Your basic personal details (full name, date of birth, address etc.)
- Your online banking details
- Your myGov login details (if you receive Centrelink benefits)
- The reason for your loan
FAQs about emergency loans for bad credit
How much can I borrow?
You can apply to borrow any amount from $300 to $10,000 for your desired expenses. Our team will assess your affordability using your current bank statements to ensure you can manage your loan. Your repayments will vary depending on how much you borrow.
What are the fees and charges?
The fees and charges will change depending on how much you borrow. We offer three loan types that each accompany different fees and charges. Additionally, if you have a bad credit history, you will likely be offered a higher interest rate due to higher risk for the lender. If you have good credit, you will be offered the most favourable loan options. Your loan contract will include all fees and charges.
Do you conduct credit checks?
In line with responsible lending guidelines set by ASIC, we are required to conduct credit checks on every loan application we receive. We do not provide loans with no credit check, but you may find a loan that suits your needs even with a bad credit score.
How do I pay back my loan?
We will set up a direct debit in line with your current pay cycle. On your selected day, your repayments will automatically be deducted from your account. When your loan has been repaid in full, your direct debits will stop.
Do you provide emergency loans for bad credit to Centrelink customers?
We consider most forms of Centrelink income as regular income. As long as you have received your payments for at least 90 days and meet all of our eligibility criteria, we may be able to provide you with a loan for people on Centrelink.
Other ways to access fast emergency finance
If you are in an emergency situation and require immediate financial assistance, here are some other options you may wish to consider.
Credit cards can be used up to their set limit to cover any costs you need to cover immediately. You can then repay this amount in full or cover the minimum amount. Credit cards typically accompany high interest rates and additional fees, so it is important to do your research.
If you receive Centrelink benefits, you may wish to request an advance payment. You pay back this advance payment out of your future payments. To find out more information about Centrelink advance payments, refer to the Services Australia website.
No Interest Loan (NILS)
If you are in a financially difficult situation and need emergency cash, you may be eligible for NILS assistance. NILS provides low-income individuals and families with affordable credit up to $1,500 for essential items. To find out whether you are eligible for NILS, refer to the NILS website.
*If you apply within our business hours
**If you have an NPP-enabled bank account