Get a bad credit personal loan in Melbourne today!
Need a small cash loan but a bad credit history holding you back? Swoosh bad credit loans for Melbourne are here to help. Our short term loans are secured by a car (or other vehicle) and paid off in instalments over 12 months. As a top-rated private lender, look no further when you’re searching for urgent cash, fast approval, and instant money transfers.
No early exit fees, just fast cash when you need it. Getting a bad credit personal loan in Melbourne has never been easier.
Apply online 24/7 for $2,200-$5,000 today with a local Aussie direct lender!
Apply for up to $5,000 in 3 easy steps!
Step 2:
Get approval within 60 minutes of receiving required information (during business hours)*
Step 3:
Get paid directly into your bank account
How quickly can I get a loan for bad credit in Melbourne?
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight. PayID instant transfers mean you can get your money ASAP once your application is approved.
Why Choose Swoosh Cash Loans?
Application reviewed in minutes… by actual humans, not computers!
Bad credit loans using car as collateral
Swoosh offers a second chance for approval to those rejected by traditional lenders due to bad or very bad credit ratings. By offering bad credit loans secured against a car, we can approve a lot more types of applicants. The best part is you can keep driving while you repay.
Am I eligible to apply for a loan?
We keep things simple, to be eligible to apply for a bad credit loan in Melbourne you need to:
- Be 18 years or older
- Have been employed for at least 3 months
- Be a permanent resident or valid visa holder of Australia
- Own a vehicle (like a car or motorbike) registered in your name
Rates & fees
| Loan amount | $2200 to $5000 |
| Application fee | $0 |
| Establishment fee | $400 |
| Other fees and charges | $16 |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Debit dishonour fee (if a scheduled payment is returned unpaid) | $35.00 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
We like to keep things simple with our small personal loans for Victoria.
Interest is calculated daily, based on the outstanding balance and then applied to your account. Daily interest rates are computed by dividing the annual interest rate by 365.
Find out more: Payday loans rates and fees
Ready to get your loan?
Whether it’s for an unexpected bill, a last-minute holiday, or to consolidate existing debt, give yourself a break and apply now with Swoosh.
Check out other locations we serve in Australia.
Bad credit personal loans with guaranteed approval in Melbourne
We cannot offer guaranteed approval no matter what. But we do offer bad credit loan approval on many of our applications. We look at your financial situation here and now, not sometime in the distant past. So as long as your current situation meets our lending requirements, you can approved for a bad credit loan today.
Do you offer no credit check loans?
As a responsible lender, we do conduct a credit check as part of our application process. But we always offer a fair go to everyone, even those with a bad or really bad credit score.
Find out more: Do Cash Loans Without Credit Checks Really Exist?
Loan on Centrelink with bad credit
You can still get a loan from Swoosh while on Centrelink payments. You will need to be employed for at least 3 months and meet our eligibility and lending criteria.
Bad Credit Loans Melbourne FAQs
What is the easiest loan to get with bad credit?
The easiest loan to get if you have bad credit is from a lender that specialises in bad credit loans, like Swoosh. Swoosh looks at your ability to repay the loan now, not your past credit history.
What can I do to get guaranteed approval on a Melbourne bad credit loan?
Responsible lenders won’t offer bad credit loans with 100% guaranteed approval in Australia. However, there are things you can do to improve your chances of loan approval.
Check out our 10 tips for quick loan approval or how to get approved for a loan with bad credit for more information.
What do I do if I need cash urgently?
You can apply for a Same Day Loan or check out our blog on how to earn money fast for ways to get urgent cash when you need it.
Can I apply for more than one short term loan?
You can have more than one short term loan at a time. How many loans you can have will depend on what you can afford to service and what lender you apply with. You can also apply for a debt consolidation loan to borrow more money and roll all your loans into one payment.
Cover costs in Melbourne with a Small Cash Loan
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.