Common questions
General Information
A bad credit loan is a personal loan for people with a bad credit rating.
It can be used for any number of reasons and is tailored to fit the circumstances of any person in financial difficulty.
If you are an Australian citizen over the age of 18, you are eligible to apply for a car loan. Whether you have good credit, bad credit, or no credit history at all, we’re here to help you find the right loan for you.
Many lenders offer guaranteed approval and a no payment down option for car loans.
Contact us today to get started on your application or to learn more about your bad credit car loans Online options.
Yes!
Some lenders offer a bad credit loan with No Payment Down.
Not paying an amount upfront can affect the interest rates, repayment schedule and term of the loan.
Others
In short, it’s determined based on your cash flow – much like a home loan. Your borrowing capacity will be calculated based on income vs expenditures.
An approval can be achieved within 1-3 days. However, allow time to collate any required documentation, as this can extend the process.
A pre-approval isn’t necessary, but it’s certainly advised. It’ll provide guidance in terms of your potential borrowing capacity, which is a factor in terms of how much you can afford to spend.
Get started on your finance journey today.
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