Personal & Bad Credit Loans up to $12,000 | Quick & Easy | Money3

Top Questions

What is a bad credit loan?

Simply put, it is a personal loan to cater for people who have a bad credit rating or a bad credit history. If you have had bad credit, your chances of getting approved may be higher when applying with a lender who specialises in customers with bad credit than with mainstream lenders. Due to the potential increased risks to the lender, the APR of the loan may also be higher to the borrower, however the lender will often be more experienced and flexible if the borrower encounters difficulty making repayments during the term of the loan.

Do you offer personal loans for bad credit?

Yes, Money3 offers personal loans for people with bad credit in the past1. As long as the loan is affordable and suitable for you, we’ll give your application a fair go, even if you have been refused credit by other lenders.

How long will the loan application online take?

Everyone is different, but the application generally takes between 5 and 10 minutes to complete online. We need to take a record of your contact details, employment, income and expenses and then for you to submit a digital copy of your bank statements via our secure partner, illion. No paper docs need to be sent to us (in most cases) as the loan application is 100% online.

Can a loan with Money3 help repair my credit rating?

Yes it can. If you have a bad credit history, you can build up a good payment history with us that can be used to either get a better loan with us or with another credit provider.

Will Money3 do credit checks on my application?

Yes, but not all applications get credit checks performed. We only run credit checks after our initial review, if we believe the application has a chance of being successful.

I have defaulted on a previous loan with Money3. Will that affect my application?

Any previous unpaid defaults are taken into tài khoản when assessing your application.

I have a car loan with Money3. Can I also apply for a personal loan?

Yes, you can1, depending on the affordability of the new loan and that you have the capacity to service both of your loans. If you are currently easily repaying your existing loan, then you may have the capacity to handle a new loan with us.

Do you offer payday loans or SACCs?

No sorry, Money3 does not offer payday loans(SACCs).

Can I apply if I have been declared bankrupt

Sorry, if you are currently bankrupt, we are unable to help you.

Can I apply if I am on Centrelink benfits?

Yes, you can. See our Centrelink Loans page for more details.

1. Subject to verification, suitability and affordability