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What is a Bad Credit Loan?

Many people think that if they have a less-than-spotless credit history, they can no longer get a loan and if you were to go to a bank, that would probably be true. But at Max Finance, we believe everyone deserves a second chance, which is why we offer a series of Bad Credit Loans for any worthwhile purpose.

A Bad Credit Loan is a loan that overlooks small past indiscretions and gives you the cash you need now, despite having a less-than-perfect credit history. You may have defaulted for more than 60 days on previous loan repayments or outstanding bills or you may be experiencing bankruptcy or have too many enquiries on your credit profile. Whatever the reason, Max Finance can lend you the money you need at a competitive rate, regardless of a bad credit history.

Naturally, we’ll need to check your credit details, but eligibility is relatively easy and providing you’re not a consistent defaulter, we can help you get the money you need to start rebuilding your credit history.

You can get a decision in as little as 5 minutes, 24/7 online and have the funds in your account in just one business day, so apply now for pre-approval and get your life back on track with one of our tailor-made Bad Credit Loans from Max Finance.


Bad Credit Personal Loans

Our Personal Loans are available to anyone who is an employee or a recipient of Centrelink benefits. You can get from $1,600 up to $10,000 over 6 to 12 months and the money can be used for any worthwhile purpose such as paying outstanding bills, renewing or transferring car rego, paying for a wedding or holiday or for whatever reason you need money urgently.


Bad Credit Car Loans

Our Car Loans are for anything car-related, whether you’re buying a new or used vehicle, repairing an existing one, or paying rego, insurance or other car-related bills. We offer competitive interest rates, a repayment term to suit your capabilities, the funds in your account within one to two working days and best of all, a bad credit history is always considered.


Bad Credit Motorbike Loans

Our Motorbike Loans give two-wheeled drivers the same opportunity. Max Finance gives you the chance to purchase your dream bike or pay for repairs or on road costs and repay your loan over a realistic time frame at a competitive interest rate.


Bad Credit Home Loans

Our Home Loans are available to renters to help pay your costs when moving to a new property. You can get from $1,600 up to $10,000 over 6 to 12 months and the money can be used for paying your rental bond, removalist fees or for costs such as purchasing furniture. To be eligible, you need to be an employee or Centrelink recipient and have an asset such as a motor vehicle or real estate property.


Bad Credit Business Loans

Whether you need funds to start a new business or to resolve cash flow problems, one of our Business Loans could be right for you. Eligibility is easy, with bad credit histories considered and funding can be as fast as the same business day. You just need an asset such as a motor vehicle or real estate property and you can get from $1,000 up $500,000 over 1 to 36 months at a low interest rate from just 1.80% per month.


The Benefits of a Bad Credit Loan with Max Finance

The problem with a bad credit history is that once you get it, it’s very hard to shake off. Most lenders put you in the too-hard basket, even though you may have only defaulted temporarily on your financial commitments.

Max Finance Bad Credit Loans are about giving every Australian a fair go and they offer some great benefits to our borrowers;

  • Competitive interest rates: unlike some lenders, we don’t charge an arm and a leg to secure higher risk finance. Our rates are some of the most competitive around, because we know if we make them affordable, you’ll get the boost you need to get back on your feet.
  • Easy eligibility: even with a bad credit history, all we ask for in most cases is some sort of asset to secure your loan. Most people own a car or property and even if you don’t, we give you the option of co-applying with someone who does such as a friend or relative.
  • Fast access to funds: you can apply for pre-approval online and get an answer in as little as five minutes. Minimal documentation is required and you can email or fax it straight to us. And once your loan is approved, you can have the money in your account in just one or two business days.

    About Max Finance

    Max Finance is not your average lender. We provide a welcome alternative to the banks and other traditional lenders, offering fast, affordable short-term loans for any worthwhile purpose.

    If you go cap in hand to a bank, you can expect to wait days or even weeks for an answer, you’ll get a flat ‘no’ if your credit history isn't perfect and if you are approved, you’ll have to borrow a minimum of $5,000 and make large, fixed repayments.

    See us at Max Finance and you can get a pre-approval decision online in around five minutes flat, without all the red tape and gruelling interviews. We offer minimum cash amounts of just $1,600, fast payment once approved and flexible repayment options to suit your budget. And best of all, you’ll get a fair hearing even when your credit’s a bit shaky.

    Whether it’s a personal loan, a car loan, a rental loan or a business loan, we make short-term borrowing easy and you can apply online from anywhere at any time. So talk to us at Max Finance. Just click on Apply Now and we’ll do the rest!

    Or if you have a question or need more information, call us on 1300 997 997, email us at Loans@MaxFinance.com.au, or fill in the Fast Contact Form online for a rapid response. We’re fast, friendly and hassle-free, so get in touch with us now at Max Finance, the better way to borrow.


    Repayment example

    In Max Finance, the loan term is 6 to 12 months.Your principal amount is $3000. Establishment fee will be $400 and Interest charges beased on Annual Percentage Rate(APR) will be 48%. You will need to pay $82.91 dollars per week with a total number of $4309.85.

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