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Bad Credit Loan Alternatives in Australia

DollarsDirect is rated 9.0 stars out of 10 by TrustPilot based on 113 reviews

There are a host of reasons why someone may need emergency funding — a written-off vehicle, a damaged roof, a flooded basement. And many people who find themselves in need of emergency funding might worry that they lack the credit needed to be approved. While going on the hunt for an institution that offers fast cash may seem like the answer, it's important to understand exactly what you're in the market for before you commit to something that may not be your best option.

First and foremost, there's no such thing as a "bad credit cash loan." There are lenders who offer solutions to individuals with less-than-perfect past finances, but these aren't offered exclusively to those applicants. Additionally, your credit isn't quantified in terms of "good" or "bad", but by a number. Understanding precisely what this number means can take you a long way towards improving it, as well as help you target the right kind of personal loans, bad credit or not. Also, be wary of lenders who offer ‘no credit check loans’; it’s a risk, and they need to accommodate such a risk with huge fees and other excessive rates.

While it can be useful to know which lenders will consider granting you funds despite your less-than-perfect financial past, the most important thing you can do in your search for a financial solution is make sure that the lender you choose can accommodate your unique financial needs. This means a lender who offers amounts that fit with your needs, rates and terms that align with your capability, and repayment schedule that works with your personal requirements.

Your bank account could receive up to $2,0251 as soon as today, if approved.2


Find out how we can help you with our personal cash solutions!

As you hunt for the right lender, examine what we have to offer. We accept applications from a host of potential borrowers, and don't require perfect credit to apply³. This is because we understand that there are many reasons an individual's credit can be less-than-perfect, and we want everyone to have a chance at acquiring the emergency funding they need.

Our product offerings are built in a way that each approved customer can create a solution that works for their individual circumstances. We offer personal loans up to $2,025 because financial emergencies come in a variety of forms, with a variety of costs. And thanks to DollarsDirect's same-day funding,2 approved customers may be able to get the funds they need the same day.

We offer our approved customers multiple repayment options,4 and our online application is built for ease of use.

If you're in need of emergency funding in Australia, have less-than-perfect credit and want to be considered, apply today!

*Cannot use promo code for refinancing, only for initial loan. You must make sure to use it at the time of application. Not to be used more than once, or with any other offers or member benefits offered.

[1]Approval subject to DollarsDirect's lending criteria. Approved customers will have a credit limit of $2,425, which includes a $400 establishment fee. Customers who use a discount or promo code will have the establishment fee (and credit limit) reduced by the amount of the discount. In all cases, the amount available to you to draw will be $2,025. [2]Most customers who bank with ANZ, Commonwealth, NAB, St. George or Westpac, and are approved by 2:30pm Sydney time Monday – Friday (excluding holidays), will be funded the same business day. All other approved applications will be funded the next business day. [3]DollarsDirect will consider your loan application regardless of your credit history. If you have defaulted on past transactions, you may be declined for a loan. [4]Some customers may only have one repayment option. [5] Most customers will not have to draw the entire amount available to them initially. However, some customers will be required to draw the entire amount on the date of initial funding. [6]Loan terms vary based upon your application information and your pay frequency. [7]You may cancel your loan within 24 business hours of initial funding by calling us at 1 800 060 892 and we will only debit your account for the principal amount we deposited. There will be no additional charges or fees. 24-hour cancellation option does not apply to refinanced loans. [8]Loan must be in good standing and adjustment requested at least 2 business days before the current due date.