At Safe Financial we try to help everyone. We have clients with good and not-so-good credit scores. Every application is assessed individually - not just on your credit score. It costs nothing to apply, so what are you waiting for...
Travel and accommodation
Car expenses - including repairs, rego, tyres or insurance
Moving costs - including rental bond, body corporate fees, transport
New furniture or household appliances
Family emergencies or funeral costs
Home renovations
Education costs - including school fees, uniforms, stationery or tech items
Medical expenses
Vet bills
Gifts for those you love
$500
$5,000
Repayment frequency header
New customers must work and earn $700+/wk to be eligible to apply.
* Repayment amount is a guide only. If your loan application is conditionally approved, your loan contract will list the repayment amounts, the number and frequency of repayments, when they are due, and any fees and charges.
Obtaining a small cash loan when you have some bad credit is possible, even if banks or other lenders have rejected you. At Safe Financial, we assess every application on an individual basis, not just on your credit score. Unfortunately, we’re unable to say if an application will be approved until it has been submitted and thoroughly assessed. It costs nothing to apply, so feel free to place your application online now!
What does bad credit mean?
Bad credit is a term used to describe a person's credit history when they have had trouble paying loans or other bills on time. This history is summarised with a score that indicates the borrower's credit risk. A low credit score signals bad credit, while a high credit score is an indicator of good credit. If there are defaults, missed payments or other negative items on your credit report, these will make your score go down, resulting in either loan denials from lenders or an approval with a higher interest rate. The lower the credit score the more you are perceived a higher risk for borrowing.
Other common phrases used for bad credit loans include loans with a bad credit rating, bad credit history loans, loans for a bad credit score, loans with poor credit, unsecured loans with bad credit, personal loans with bad credit, bad credit car loans, online bad credit loans Australia etc. We do not offer a 'no credit check loan'. All our loans require a credit check.
What is a good credit score, and how does it differ from a bad credit score?
Credit reporting agencies such as Equifax (formerly Veda) and Experian calculate a score based on your credit history collected from credit providers, courts and other organisations. This score is ranked on a number scale of between 0-1,200 by Equifax and 0-1,000 by Experian. The Equifax score bands are:
The lower the credit score, the more likely you will be considered a credit risk by different lenders. To find out how to turn a poor credit rating around, read: How to improve your credit score.
Can anyone apply for a cash loan if they have some bad credit?
You are eligible to apply as long as you're a permanent resident of Australia, 18 years of age or older, have a bank account and phone in your name, and possess a driver’s licence or 100 points of ID.
For new clients (those who have never had a loan with us), you need to be working. You can also be receiving Centrelink benefits, but your take-home wage needs to be at least $700/week. We are unable to accept an application if you only receive Centrelink benefits.
We offer loans for people with bad credit across Australia, including Brisbane, Sydney, Melbourne, Adelaide, Perth, Gold Coast, Cairns, Darwin, Wollongong, Newcastle, Hobart, Canberra, and anywhere in between!
How much can I borrow if I have some poor credit?
You can apply for a small personal cash loan from $500 - $5,000. We’ll assess your application and try our best to meet your requested loan amount. However, in some circumstances where we deem the credit risk higher, we may initially offer a lesser loan amount, subject to that amount meeting your needs. Then, once a good repayment history has been established (this helps improve your credit rating with us), higher amounts may be considered for future loans.
How much bad credit is too much?
You are welcome to apply if you have some bad credit - in many cases we are able to approve applications for people that have had past credit problems. However, we would discourage you from applying if you have multiple unpaid loan defaults on your credit report or if you are currently in a Part 9 Debt Agreement.
How much are the loan repayments?
Our simple loan calculator gives you a choice of repayment terms, including all fees, charges, and interest. Plus, there are no penalties for early payouts!
How do I apply for a loan if I have a poor credit history?
The application process is quick and easy:
Do you offer bad credit car loans?
Yes, we offer bad credit car loans up to $7,000 with fast in-house approval and a choice of loan terms. These loans are secured with the car used as security. So before you hit the market for your next set of wheels, check out our car loan calculator and apply online to get pre-approval.
Apply online in minutes - it’s super easy to apply, so click here - complete your application, and hit submit!
Fast approvals - you’ll get a decision, usually within a few business hours. Plus same day funding is available.
Friendly customer service - our customers love us! They rate us ‘Excellent’ on Trust Pilot.
Responsible lending - we will only lend you money if you can comfortably afford the repayments and the loan suits your requirements and objectives.
Repay early and save - if you wish to repay your Safe Financial loan early, there are no early payout fees, so you’ll save money!
WIN $1,000 - when you take out a small loan, a car loan or a business loan, you’ll be in with a chance to WIN back $1,000! Winners are grinners – check out our winners.
100% Australian-owned and operated - we're a trusted credit provider with over 20 years of experience helping Aussies get the things they want, when they need them!
