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Loans For Bad Credit History

Loans For Bad Credit History
Personal Loans up to $10,000

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Personal loans for people with bad credit

Looking for a lender that provides loans for bad credit? You might have just found the lender for the job. At Jacaranda, we are flexible and open-minded. Our team do their very best to match you with a personal loan for bad credit. We understand that bad credit can hang around for ages! Did you know that a bad mark on your credit rating could still have an impact for the next 7 years? At Jacaranda, we want to give you a fair go when it comes to personal loans for bad credit ratings. Even if your credit score is less than fantastic, our team will do their best to match you with a personal loan to suit your individual circumstances. The best part is, the whole process is completely online! From application to approval. You could even apply using your smartphone – how convenient is that! 

What are personal loans for bad credit?

Bad credit loans are essentially just personal loans for people who are often declined because of their poor credit history. Bad credit can have a lasting impact on creditworthiness and often, traditional lenders won’t look twice at a low credit score.

At Jacaranda, we think all Aussie deserve a fair go when it comes to a personal loan. That’s why we are taking a fresh approach to credit. We want to help locals get back on their feet. That is not to say our team won’t conduct a credit score check – we will. This will not, however, be the only determining factor as to whether or not you are approved. Above all, we take a realistic approach to finance. 

Jacaranda Finance

Jacaranda Finance is your local lender with a difference. We are making it easier for all Aussies to get a fair go at a personal loan. What does that mean? Well basically, we assess every loan application individually and do our best to match you with an appropriate loan product. That doesn’t mean we approve every single loan, it means that we won’t say no just because of something like bad credit. 

At Jacaranda, we are proud to be responsible lenders. Basically, that means we do not lend money to applicants who can not pay it back. During our assessment process, our team takes a realistic look at finance. We focus on how you are going to repay the loan – after all, that is the most important part. As a result, we will conduct a credit score check, however, this should not deter you from applying. We can approve applicants with poor credit scores. 

The good news is, the application itself costs absolutely nothing. If you choose to submit an application for loans for bad credit history during regular AEST business hours our team will do their best to get back to you within 60 minutes with an outcome. When you apply with Jacaranda the whole process is 100% online. We know that in our busy world there is no time for waiting in lines at the bank or filling out pages and pages of paper forms. That’s why we have made the process 100% online and super streamlined. We love the convenience and we think you will too! Our team is always here to help. So, if you have a question, just shoot us a message. We will do our best to get back to you as soon as possible!

Loans for no credit history

Have you been googling ‘loans for no credit history’ or ‘no credit score loans’? At Jacaranda, we don’t discriminate when it comes to credit. We look deeper. Our team takes a realistic look into your finances to assess whether or not you will be able to repay a personal loan. That means we look at factors like income and employment status as well as regular expenses as indicators. We will not make an assessment based solely on creditworthiness – that’s what makes us different from traditional lenders. 

So, if you have been looking for loans for bad credit history then Jacaranda could be the lender you’ve been searching for. The best part is you can apply 100% online right now. We are proud to be Australia-wide. So, it doesn’t matter whether you are looking for cash loans in Adelaide or Perth. Jacaranda could have loans for people with bad credit that you’ve been searching for.

No credit check loans

At its most basic level, a no credit check loan means the lender will not access your credit report from a credit bureau. The lender will not consider your borrowing history whilst assessing your loan application. 

Are you wondering ‘does Jacaranda provide no credit check loans?’ The answer is no. Jacaranda does not provide no credit check loans. We will always check your credit score when you apply for a loan, however, this is not what we base our assessment off. Why does Jacaranda always conduct credit checks? That’s simple. We always conduct credit score checks as a commitment to responsible lending. Since we do not want to be the cause of financial stress for our clients, our goal is to set you on the road to financial freedom, not get you into debt. Above all, we want to promote financial health and well-being. 

When applying for a loan for bad credit history online it is important to keep your wits about you. Lenders who claim to provide personal loans with no credit check often expect an upfront payment and could charge exorbitant interest rates. At the time, a no credit check loan might sound extremely convenient, however, in the long run, it could cause even more financial stress than you expected. Sometimes, when things seem too good to be true it is because they are! At Jacaranda, we could offer you a fair and reasonable rate on a personal loan for bad credit.


So, we bet you’re wondering who is eligible to apply for a short term loans bad credit history? At Jacaranda, we keep things as simple as possible. So, here’s what you’ll need to say ‘yes’ to if you’d like to submit an application:

  • An active mobile number and email address is required;
  • All applicants must be aged 18 or older;
  • A regular income must have been deposited into your own personal bank account for the last three months;
  • Internet banking must be set up;
  • Applicants must be able to prove that they are an Australian citizen or permanent resident.


No stress – we like to keep the documents to a minimum when you apply for bad credit rating loans. At Jacaranda, we will only ask you to provide what is absolutely necessary for our assessment. Consequently, the online application form could only take a few minutes to complete. Here’s what you’ll need to provide:

  • Personal info (name, D.O.B etc.);
  • 100 points of identification;
  • Internet banking details;
  • We will need to know the reason you are applying for a loan;
  • Your MyGov details (if you receive Centrelink benefits);
  • Employment details and employer contact info;
  • Proof that you are an Australian citizen or permanent resident.

How do we view bad credit?

As mentioned, at Jacaranda, we do conduct credit checks during our assessment process. If your credit score isn’t your greatest asset there is no reason to be deterred. A credit check is just a routine part of the assessment. Our team is down to earth. That means we understand that everyone makes mistakes. Bad credit can hang around for up to 7 years – that’s a long time. We don’t think you should be judged on a mistake you made that long ago. So, we have revolutionised the way we view credit. At Jacaranda, we will give you a fair go regardless of your credit rating. That doesn’t mean every applicant will be approved, it means we will do our best to find a suitable loan product. So, you’ve really got nothing to lose!

Loans for Centrelink customers with bad credit

Wondering whether Centrelink or Government benefits will stop you from being approved for a personal loan bad credit rating? Well, the good news is, it doesn’t have to. At Jacaranda, we look at more than just Centrelink during our assessment. Unfortunately, every circumstance is different. That means our team assesses every application individually so there is no straight ‘yes’ or ‘no’ answer as to whether all Centrelink applicants will be approved. 

In some cases, Centrelink can be viewed as a source of income, however, in some cases, it can not. If you’re unsure, our team recommends submitting an application for assessment. The application is completely free and it gives us a chance to assess your financial status and make a responsible decision. If you choose to apply during AEST business hours our team will do their best to get back to you within 60 minutes with an outcome. So, what are you waiting for? You could scroll up right now and apply for a personal loan for bad credit history. 

Responsible lending

Responsible lending is our commitment to doing the right thing by you! At Jacaranda, we are committed to fair lending. What does that mean? Basically, we do not lend money to applicants who will not be able to afford the repayments. Our team conducts a comprehensive loan assessment to ensure applicants have the means to make repayments on their personal loan. Above all, we want to promote financial freedom so we do not want to approve a personal loan that is going to cause further financial stress. 

Consequently, we caution applicants who choose to apply with a lender offering no interest personal loans. These lenders often claim to provide a great deal, yet charge hidden fees and exorbitant interest rates. At Jacaranda, we are proud to say that what you see is what you get. We believe in honesty and transparency with our clients. So, if you have any questions, do not hesitate to get in touch with our team! 

Our customers

At Jacaranda, we know that our customers are the backbone of our business. We do not exist without them. That is why we are focused on providing an exceptional level of customer service. Our team is friendly and helpful. If you’re applying for a bad credit rating loan, we know that when you need quick cash there is no time to waste. That’s why we do our best to get back to you within 60 minutes of application with an outcome. The Jacaranda team is always here to help. So, don’t hesitate to shoot us a message if you have any questions.  

Apply today!

Looking for personal loans bad credit rating? Think you’re ready to start an application for finance with us? You’ll be pleased to know that it’s super simple and could only take you a few minutes to complete. Here’s how to start your application for small loans with bad credit history:

Step 1

Simply scroll up and use our loan calculator to select a loan amount and repayment period. When you’re happy, all you need to do is select ‘apply now’!

Step 2

If you’ve chosen to proceed with the application then you will be directed straight to our 100% online loan application form. This could only take a few minutes to complete. Once you have submitted your application all that is left to do is sit back and relax. Our team will do all the hard work.

Step 3

If your loan application is successful a member of our team will be in touch. We will send over a contract for you to review and sign. We recommend you make yourself aware of any fees and charges that could incur for late or failed payments. This will be clearly outlined in the contact. Jacaranda will never keep anything a secret! When you’re happy, simply sign and send it back to us. 

Step 4

Once we receive your signed contract, our team will transfer the cash straight to your account. Thanks to instant banking you could have the cash in your account and ready to use in just 60 seconds (for NPP enabled bank accounts). 

Jacaranda is your local lender for loans for bad credit

At Jacaranda Finance, we love helping Aussies get the cash they need when they need it. Have a look at what we’ve already approved:

Loans For Bad Credit History Amount AUD ($) Approved
Small Loans With Bad Credit History 700
No Credit Score Loans 2,300
Short Term Loans Bad Credit History 5,000

Disclaimer: The above examples are for demonstrative purposes only. They do not, in any way, reflect the terms of your possible loan, or the amount you may be approved for.

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Reviews current as of May, 2021.

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💰 Personal Loans starting from 7.59% (12.24% p.a. Comparison Rate)

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.