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Personal Loans For Bad Credit Up To $10,000

Personal Loans For Bad Credit Up To $10,000

Looking for a loan but bad credit is holding you back?

Personal loans for bad credit could be the answer to your financial stress! If you have previously been told that you are not eligible for a personal loan due to your credit score, our bad credit loans might help you turn that around. So, if you’re keen to find out more about personal loans for people with bad credit, we have all the information that you need right here!

Can I get personal loans for bad credit?

The short answer is, yes! It is absolutely possible to apply for cash loans with bad credit. Here at Jacaranda Finance, we know that having a bad credit rating doesn’t necessarily mean you’re not good with your finances. Your bad credit may be a result of things that were out of your control at the time personal loans.

Perhaps you’re also now working hard to repair your credit and change the way you handle money. Therefore, we always like to look to the future with our clients. In fact, borrowing bad credit loans Australia can sometimes help to show other credit providers your ability to meet your contractual repayments over a set term. This will help to vouch for your ability to handle credit responsibly.

Am I eligible to apply?

Anyone who meets our eligibility requirements can apply for our bad credit personal loans. So, before you apply, make sure you qualify. You just need to be:

  • At least 18 years of age
  • Earning a regular income, for a minimum of 90 days prior to applying
  • An Australian permanent resident
  • Able to provide a valid mobile number and email address

How do we work?

Getting personal loans for people with bad credit is easier than ever with our quick and easy online cash loans application process. All you need to do is head to our home page from your smartphone, tablet or computer. From there, you just enter the amount you’d like to borrow in our loans calculator and select the length of your repayment period then click ‘Apply Now’.

We’ll ask you to fill out some contact and personal details and the reason for your loan, as well as your internet banking credentials so we can verify your current financial situation bad credit centrelink loan.

Don’t let the idea of entering your internet banking details scare you off. The reason we ask for these credentials is so we can get an accurate representation of your whole financial situation, including your income, expenses, spending habits and overall relationship with money.

We use cutting-edge technology that will use the details you provide to access a read-only copy of your bank statements from the last 90 days. As soon as our system has retrieved this information, it will delete your details immediately. No one is actually logging into your account, nor will anyone have access to your funds or spending accounts.

This is just the best, most accurate and fastest way for us to assess your situation without making you twiddle your thumbs for hours, maybe even days, while you wait for us to do everything manually. Plus, if we can see that you have been making an effort to improve your credit score over the last 3 months, you could be much more likely to receive approval on your application.

Do you always perform credit checks?

Once again, the short answer is yes, we do conduct credit checks on all new applications.

However, even though we don’t offer easy loans no credit check, you may not need to worry about your bad credit getting in the way of your personal loan.

Credit checks are certainly not the only thing that we base our assessment off. We believe that we can get a much better idea of your financial situation by looking at your current income and spending habits, rather than your past credit history alone. We understand that everyone makes mistakes and, sometimes, these mistakes are from situations that were out of your control. It’s not fair for us to judge you solely on those past mishaps.

So, while we don’t offer cash loans no credit check fast approval, we may still be able to help!

So, why not apply online with us for our easy bad credit loans!

What are my options when applying with Jacaranda Finance?

Just because you can’t get instant cash loans Australia no credit check, it doesn’t mean you don’t still have options. If you are applying for cash loans with us and you do have bad credit, we have a few options for you to choose from. At Jacaranda Finance, we offer three types of personal loans. These are:

Loan TypeSecured OptionsLoan amountLoan term
Small LoanUnsecured$300 to $2,00012 months
Medium LoanSecured$2,001 to $4,60013 to 24 months
Large LoanSecured$5,000 to $10,00013 to 24 months


If you do have bad credit, you may want to check out a secured personal loan or bad credit unsecured personal loans. It’s completely up to you, at the end of the day, which loan you apply for. We will give your application a fair assessment regardless of the amount you are applying for and will only grant you a loan if the repayments are affordable. However, secured loans require an asset to be attached to the loan for security. We can accept your car, motorbike, boat, caravan for security against your loan. This security means that lenders take less of a risk when approving secured loans.

Essentially, this all means that if you do default on your loan and stop paying it back, lenders can claim your asset and sell it to recover the funds that you owe. However, this is the absolute last resort if all attempts to contact you fail.

Why do people apply for personal loans for bad credit?

There are a variety of different reasons that people apply for bad credit loans. Typically, our clients apply for easy bad credit loans when they have an unexpected bill or emergency expense that’s popped up and they don’t have the funds to cover it themselves.

This is one of the main reasons our clients apply for any type of personal loan, however, sometimes that credit score does get in the way. That’s what we’re here for!

Some examples of what people have applied for in the past are:

  • Overdue school fees
  • Emergency vet bills and pet finance
  • A higher than expected utility bill
  • Medical bills
  • Holiday expenses
  • Car repairs/ maintenance

How quickly could I receive my funds after approval?

We are a 100% online company. Therefore, you won’t have to waste time making appointments with bank managers or waiting in queues.

If your application is submitted during business hours you could have an outcome within 60-minutes*! However, if we require any additional information, it can take a little longer to hear from us. Just be sure to keep an eye on your phone and email and we’ll get back to you as soon as we can.

If you are approved, we’ll send you your loan contract to read through carefully and then accept. Once we receive you’re happy and have accepted your contract, we’ll transfer you the cash to your nominated bank account. The amount of time it takes for the funds to reflect in your account will depend on the policies of the bank you are with. Most of our clients generally receive they quick cash loans within 24 hours (or the next business day) of the funds being transferred, many even receive it that same day.

Do you offer bad credit car loans?

We sure do!

Bad credit car loans are certainly something that we are able to offer to eligible clients. These loans are simply standard car loans that are available to people who have bad credit. They are bad credit secured loans that are regularly used by those who have been knocked back by banks and other lenders due to their poor credit history, bankruptcy or part 9 debt agreements.

At Jacaranda Finance, you can apply for bad credit car finance between $8,000 and $100,000. Therefore, whether you’re wanting used car loans to get you from A to B or you’re after some luxury wheels to take you wherever you want to go, we may have you covered.

All of our bad credit car loans are secured.  As long as you keep up with your minimum repayments and stay in contact with us regarding any changes in your situation, your car loan will be paid off in no time and you could be looking at a much more impressive credit score… and a shiny new car that is all yours!

Please refer to car loans for more information on our bad credit car loans as they do differ to our quick loans for bad credit.

Do you offer loans for Centrelink customers with bad credit?

We are happy to take applications from customers whether they are working or receiving Centrelink payments.

Jacaranda Finance welcomes all loan applicants as we believe in financial inclusions for all Australians. We count some Centrelink payments as regular income. Therefore, if your primary or only source of income is from Centrelink, you are no less welcome than anyone else.

So, as long as you meet our eligibility requirements, you could be one step closer to gaining access to that much-needed finance, despite where your income comes from.

How much do personal loans for bad credit cost?

We hear this question a lot, so we have provided the right tools for you to figure out the right loan amount and loan terms. We are straight up about our costs; no fine print or hidden fees!

To figure out how much your loan will cost, check out our handy bad credit loan calculator at the top of this page.

The loan calculator can help you decide how much you can afford to repay and how long it will take you to pay back. We care about your privacy and security so, once you apply for a loan via the repayment calculator, you will be sent a verification code by SMS.

For more information on the standard costs of our personal loans for bad credit, check out our costs page.

For more information about the allowable fees and charges for money loans, visit the MoneySmart website.

What can I use my bad credit loans for?

Travel loans

Feeling the urge to explore the world? Or do you need a break from everyday-life? If you’ve been bitten by the travel bug you’ll know how it feels to want to go for new adventures. Those that have felt the freedom you get when travelling understand that there is no other experience in the world that is quite like it. However, the only problem that can get in the way is the costs of travel. Travel loans from Jacaranda can take care of that.

Medical loans

Stressful, unpredictable and expensive… Medical expenses can put a strain on anyone’s finances. Whether it be an emergency treatment or specialist appointments, it can be a daunting time for yourself and your family. In this time you shouldn’t have to worry about the money but rather to get well and healthy again. Jacaranda’s medical loans are fast and easy to apply for, so you can get back to taking care of yourself or someone you love.

Wedding loans

Don’t let wedding costs overwhelm you, that special day should be worry-free. Jacaranda could help you get the perfect wedding you’re dreaming of –  we’ve got fast online wedding loans! This is your big day! You shouldn’t have to cut back on costs to make the ends meet. Our wedding loans up to $10,000  can help with any wedding day expenses.

Car registration loans

Have you found your dream car and ready to start cruising down the coast? Is the cost of your rego stopping you? If you are halted by car registration expenses, Jacaranda could help! We offer fast and easy car registration loans! Our fast, small car registrations loans are the ticket to solving all your car finance problems. You could be eligible for car registration loans up to $10,000!

Looking to buy your dream car but think you might be short on cash? Jacaranda Finance has the low-down on car finance. Learn the basics of car finance and how you can be eligible for car finance – even with bad credit!

Rental bond loans

A rental bond is an amount you have to pay before moving into a new rental property. The end goal, if you’ve taken good care of the home, is to get the full amount back when you move out. However, if you’ve finally found the rental home you’ve been looking for you might have to pay the rental bond immediately to secure the deal. That’s where rental bond loans come in handy! Our rental bond loans are simple, fast and convenient. If you’re having to move in a hurry and time is of the essence, apply with Jacaranda Finance and secure the property that’s in high demand. Get moving now!

Is Jacaranda Finance right for me?

As responsible lenders, we know that a loan is not already the right path for everyone to go down. The nature of a personal loan is that it is something you have to pay back, just like a credit card. Therefore, it is only really a suitable option for those who can fit the repayments comfortably into their budget.

Before applying ask yourself these questions:

  • Am I eligible?
  • Do I have a genuine purpose for needing credit?
  • Could I fund this need by any alternative means?
  • Is a personal loan the best form of credit for me?
  • Have I done my research and found the best deal for me?
  • What are the terms of the loan? Do they suit me?
  • Am I 100% confident that I can afford the repayments without having to make any major sacrifices in my budget?

If you have confidently answered all these questions then it is likely that personal loans for bad credit could be your ticket to a brighter financial future – in more ways than one!

Ready to apply for personal loans for bad credit?

Go ahead and scroll to the top of this page to get started with your application! If you have any more questions you can look for the answers in our FAQs or shoot us a message, here.

Want to learn more about small cash loans or term deposits? Keep reading!

Tossing up whether to get a manual or automatic license? We’ve listed the pros and cons of both plus restrictions in your state!

*If you apply during business hours and we don’t require any additional information from you

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Last updated: 19/08/2020, 10:00am

Our low rates

Our low rates

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

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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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.