Online Car Loans For Bad Credit

Got a bad credit history and been knocked back for loans? Through our online lending partners, we help secure finance and get you back behind the wheel.

Bad Credit Car Loans Approved

Why Bad Credit Car Loans?

Gone are the days when applying for a new loan meant a trek into the CBD followed by endless paperwork and a long, drawn-out meeting. We understand you’re busy. Together with our specialist lending partners, we work to make even the trickiest of applications quick, simple and headache-free.

Our application process is straightforward: submit a quick quote online and wait for a call from one of our expert consultants. You can have your application settled within as little as 48 hours.

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100% online

You can apply from the comfort of your own home and submit an application, get approval and receive your funds.

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We’re fast

Once you submit a quick quote online, we can have applications for bad credit loans with online auto lenders completed within 48 hours.

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Apply from your smartphone

Whether you’re commuting to work or just out and about, you can apply for financing and submit your documents via your smartphone.

The features and benefits of our bad credit car loans

Borrow from $5,000

You can typically borrow between $5,000 up to the value of your car, which can reach up to $100,000 in some cases depending on what you need and your personal circumstances.

New and used vehicles

The car you buy can be brand-new or second-hand, with financing available for cars up to 20 years old at the point of purchase through our specialist lenders.

Flexible loan terms

You can tailor your loan to suit your needs, with lenders offering loan terms from one to five years to take the stress out of repayments.

Diverse incomes accepted

We partner with lenders who accept varying employment statuses and forms of income, including those on Centrelink or working casually.

Borrow 100% of your car’s value 

You can borrow the full purchase price of your new car, including any on-road costs, with no need to put down a deposit when your loan is approved.

Fixed interest rates

Locking in an interest rate for the life of your loan means you’ll know how much you’re repaying, with no unexpected shocks.

How to apply for a bad credit car loan online

Taking out a bad credit car loan can seem like a daunting process, but we aim to make applying for finance quick and simple. Follow these few easy steps to help improve your chances of having your new car loan approved by one of our lending partners.

Bad Credit Car Loans Process

Submit your quick quote

Starting an online quote is free and won’t affect your credit rating. One of our consultants will find an auto loan deal from our lending partners that best suits your needs after you’ve submitted your initial full application.

Gather your documents

Once you've matched with a lender, gather your documentation (bank statements, payslips, photo ID) to help streamline the process. Our consultant will then work with you on your application.

Have formal approval arranged

After you’ve agreed on a loan suggested by your consultant, they’ll get to work preparing your application in line with your lender’s requirements.

Get approved and sign your contract

After your loan is approved, our consultant will send you a digital loan agreement to sign. Once signed, your lender will pay the loan funds to you or your seller.

Online bad credit car loan requirements

What paperwork and documentation will I need as part of my bad credit car loan application?

When you apply for a car loan online with bad credit, you will need to provide us with some personal documentation. These documents will include:

Photo ID

You will need to supply us with a copy of your current driver’s licence (front and back) or in some cases a valid passport.

Bank statements

We require 90 days of bank statements to give our lending partners an indication of your spending habits and expenses.

Proof of income

Proving you have a regular income can go a long way towards getting bad credit car loans with online auto lenders approved. You will be required to submit two of your most recent payslips to prove your current income. 

Most lenders will work with people who work outside of the traditional nine-to-five routine, such as freelancers, seasonal workers or those living off investments. Lenders will ask you to provide evidence through tax returns, invoices, dividend statements or records of royalty payments. Some lenders will also accept Centrelink benefits, such as a disability pension, as regular income. They’ll want to ensure what you are receiving is enough to cover your repayments.

Application form

You’ll need to fill out an application form, which our Bad Credit Car Loans consultant will provide you. We’ll guide you through the process to avoid any mistakes and fast-track your approval.

Signed consent form and credit guide

We will send you a consent form and a credit guide. Completing these means you agree to the loan terms and allow us to act as your broker. We can then submit your application.

What are the eligibility criteria for bad credit car loans?

The basic requirements when applying for a bad credit car loan include being over 18 years old, an Australian citizen or permanent resident and earning a regular income. Lenders have an obligation to ensure you can adequately afford to pay back the loan you take out, and you won’t be at any financial risk. As such, most will require that you earn more than at least $20,000 per annum and cannot be earning the majority of your income from government benefits, such as Centrelink. Speak to your consultant to find out what the best car loan options are for you.

Top tips for fast-tracking your online car loan application

Have all your documents up-to-date and ready

Having the latest copies of your bank statements and payslips at the ready will reduce the chance of hiccups during the application process. Having the correct documentation handy will speed up the process and improve your chances of approval.

Don’t apply for more than you can afford

While it may be tempting to overreach when applying for a loan, know what your financial limits are and what you can pay back.

Your consultant will also run affordability checks to ensure your car loan is manageable for your financial situation.

Keep your phone close by

Your consultant will call you after your quote is submitted, so you should keep your phone within arm’s reach. This will avoid your consultant having to attempt to contact you repeatedly to discuss your finance options, which would slow the application process.

Don’t apply more than once

Applying for multiple loans within a short period can hinder your chances of getting approval. By applying with us, we’ll find the best loan deals across our lending partners for you so you don’t have to do the leg work.

What you need to know about bad credit car loans

No – our online lending partners make it possible to access financing from wherever you are in the country. However, you must be an Australian citizen or permanent resident to apply.

No – the car you purchase doesn’t have to be in the same state or territory you live in, as we can help you source the funds for the purchase of any eligible vehicle across Australia.

Yes – we maintain our customers’ personal data in a secure environment both electronically and in hard copy. We also work with lenders who implement high-level encryption across their sites to ensure your private information is kept confidential.

Not long at all – it takes only a few minutes to submit a quote online. You’ll then chat to one of our experienced consultants, get approved within 24 hours and have the funds advanced for your car in as few as 48 hours.

Yes – if your credit score or personal financial situation improves sufficiently over your time repaying your loan, you can look at refinancing your online bad credit car loan to a better deal. You can do this to secure a lower rate and more favourable conditions.

You won’t be required to pay down a substantial deposit at the beginning of your loan term. However, paying a deposit can reduce the overall size of your loan and the interest you pay on it, as well as the cost of your regular repayments.

Yes – all vehicles bought under finance must have comprehensive car insurance. The cost of insurance can be built into your loan.