Bad Credit Loans

Bad credit follows tens of thousands of Australians around for years, often through no fault of their own. This is why Swoosh offers Bad Credit Loans. These unfortunate financial situations can prove very hard to repair, depending on how severe the bad credit score might be. But with our simple online loan application and speedy approvals, you can get a loan for bad credit in a matter of hours and take the first steps to fixing your credit rating.

How Do Bad Credit Loans Work in Australia? Learn more here.

What is bad credit?

A bad credit rating is the result of a previous inability to meet financial commitments. This failure to meet your debt agreement may have been completely out of your hands, which makes the lasting impact of a bad credit score all the more unfair.

What determines a credit rating?

Values assigned to credit scores, ranging from 0 to 1200, determine a credit rating. Good credit is typically above a score of 620, while anything below can be considered bad credit. When it comes to credit ratings, the lower the number, the worse the credit. And the worse the credit, the harder it is to apply for a loan with other credit providers.

But bad credit doesn’t have to follow you around forever. Read our blog for tips on how to improve your credit rating.

Guaranteed approval – bad credit loans

We’ve all been in a position where we’ve needed a quick loan. Like when life catches you off guard with an unexpected medical bill or emergency car repair. When you need a loan urgently but have bad credit it can be difficult to get approved. But with Swoosh, it’s easy to apply for a bad credit emergency loan when you need money ASAP. As long as we have all the necessary information, the money should be in your account the same day!

Instead of being rejected by the big banks for money you need right now, we can assist. We offer guaranteed approval on loan applications with bad credit for Australians who need assistance fast.

Bad credit loans rates and fees

Our easy approval bad credit loans have no hidden monthly fees or charges, and there are no penalties for paying back your loan quicker.

$0 application fee (even if your application is not approved)
Establishment Fee – $400 (included in the loan)
PPSR and Security Check – $16 (included in loan)

Interest is calculated daily based on the outstanding balance and is applied monthly to your account. And you interest rate is fixed for the loan term—so you know exactly what to expect.

If a scheduled payment is returned unpaid, we may issue a $35.00 debit dishonour fee.

Find out more: Easy Approval Loans Rates and Fees.

How to get a loan with bad credit online

You can get a quick loan with bad or poor credit by applying online with Swoosh. It’s easy! We base our secured loans on your current situation, not your past credit reports.

We can offer finance for bad credit from $2,100 to $5,000. Our advanced online application only takes minutes, and approval follows shortly after.*

There’s no simpler way to get guaranteed approval loans for bad credit applications. So if you have a bad credit history and are seeking a short-term loan, get in touch with us. Our friendly advisers can walk you through the easy application process and help you secure the cash you need.

Say goodbye to stress and hello to a second chance with Swoosh today!

Fast cash loans with bad credit – who’s eligible to apply?

To apply for a Swoosh Bad Credit Loan, you just need to be:

A permanent resident or valid visa holder of Australia

Over the age of 18

Employed with a regular income for at least 3 months

The owner of a vehicle registered in your name

Our application process is completely online and only takes minutes to complete. Once you apply, our team of expert (human!) assessors quickly assess your loan application.

Online process for bad credit loans

At Swoosh, we keep things simple. So we make sure you can apply for a bad credit loan online with ease and get your money in an instant.

Want to know how bad credit loans work? Here’s how to get a fast cash loan with bad credit in 3 steps:

1. Complete an online application on your mobile phone, computer or tablet. Applications usually only take minutes.

2. Approval of your loan is provided within 60 minutes of you providing us with the information we require (during business hours)*. The decision will arrive promptly — right in your inbox.

3. After approval, an offer is sent to you via email. Once you’ve signed the contract, we’ll send the money directly to your bank account.

Our commitment to you:

Help you get back on track
Provide the cash you need, when you need it
Make the application as easy as possible
Approve your loan within one business day*
Provide on-time and reliable payments
Keep all of your information safe through our secure online system

Why choose Swoosh

✅ Responsible Lender

✅ Trustpilot Approved

✅ 100% Online

✅ Fast Approvals

Check out our reviews to see what people think about our bad credit loans.

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WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The above uses a comparison rate of 47% and upfront establishment fees of $416.

FAQs

What are bad credit loans?

Bad credit loans are small cash loans available to individuals with a poor credit history who might ordinarily be denied a loan by a traditional lender.

How much can I apply for?

You can apply for a bad credit loan of anything between $2,100 and $5,000.

How can I get a personal loan with poor credit?

Simply apply for a Swoosh bad credit loan online. Swoosh is a responsible lender, which means that we will only loan an amount that you can comfortably repay now. And we make sure you have all of the repayments information in advance—so there are no hidden surprises.

Can I get a bad credit loan to consolidate debt?

Yes, you can! At Swoosh, we understand that it can be hard to stay on top of debt when you’re trying to manage multiple loans. And that it can be tricky to find someone who will look beyond your bad credit history. That’s why we offer bad credit loans and only assess your application based on your current financial situation.

How much does a declined loan affect credit score?

The short answer is that a loan rejection doesn’t hurt your credit score. However, if you continue to apply for loans and continue to be rejected in a short space of time, this builds up numerous “hard enquiries” regarding your credit, which can lower your score. The best advice we can give is to apply for a cash loan without credit check if you have been rejected recently.

How is Swoosh able to offer bad credit loans?

For those who find themselves financially secure after a history of bad credit, it can still prove very difficult to borrow money.

Rather than focusing on your bad credit history, our team of expert (human!) assessors carefully examines your current financial situation to make sure you’re able to make the loan repayments. This is how we can offer those with unfortunate histories a second chance to get the loan they need.

What are your rates and fees?

You can find these out on our Payday Loan Rates and Fees page.

How quickly can I get a loan for bad credit?

Unlike banks and other lenders, Swoosh doesn’t require extensive paperwork. We use a simple process that’s 100% online. We only need a few pieces of information from you plus 90 days of bank statements. Approval usually comes within an hour of providing us with the information we need, so the majority of our customers receive their bad credit loan the same day.

Testimonials

Fast and officiant, Hannah was really great always kept updating me on what I needed to do, definitely a great experience, please give her a payrise

Nathan Tivalu

Carin was extremely helpful + personable throughout my experience. A great asset to the team!

Madison Coster

Carin was great to deal with thanks

Tommy Montana

Fast service. Thanks Ana

Sherwin Zuidema

Tamara at Swoosh has been very very helpful Steve

Steve Bock

thanks Sophie for your prompt response well done😊

Andrea “Andy dann” Dann

Wonderful team, Carin was great to deal with, made it all a simple and easy procedure.

Ibrahim Omay

I am happy with the prompt service of Swoosh. They were polite upon the request to help support my application. They were timely and acted efficiently and professional all the way. Thank you very much.

Sena Dire mulata

Carin has been fantastic through the application process. Keep up the great work Carin. 😁

Julie Vaigafa

Great to deal with and easy to apply. Very understanding of your individual situation Big thanks to Carin for her help :-)

James Hocking

Great service and help from Carin at Swoosh Finance very helpful and prompt replies. Thank you once again Swoosh Finance. Regards Leighton.

NUGGET gaming

I have received great assistance from Ana and I'm happy with the outcome of my application

Luke lee Boslem

Danz Mojae

Shoutout to Brad, who helped me so much and kept in contact with me every step of the way. I would 100% recommend them to anyone trying to get a loan. Money went into the the dearlerships account pretty fast, I’m quite impatient which sucks but the way they did it so fast impressed me! Thank you Swoosh, Brad & Paul!

Beau

I am super please with my experience and how fast and swiftly Ana has helped me with my application a big thumbs up to Ana

Tanielle Oleary

Working with Ana & Joshua through-out the loan application was a breeze , so thank you Swoosh Finance

Nookorn Young

The response from the staff is amazing. They were responding to my application instantly and I would like to shout out to Ana, for the efficient and fantastic job Thank you!

farizzudin mohamad taib

Very happy customer have had nothing but good service when topping up

Stephen Cornish

Always very friendly customer service and always very prompt.

Julie Fisher

Carin was very helpful 😁

Brittney

Great customer service!

William Schweinheim

Very happy with the service have used these guys a few times and will keep on using them

Sam Blaschek

Good fast service and reliable credit facility. Highly recommend Swoosh finance

Rebecca King

Excellent service with minimal fuss, highly recommend

Robert Jarrett

Very prompt and professional. Would borrow from them again

adele Wright

Extremely friendly and ultra fast response times. Carin had replied to my email within just a couple of minutes of sending. Customer service on point 👌

samantha french

Very quick with the conditionally approval process instructions were very with information I had to provide. Ana replied to my emails in a very timely manner Ana has provided a good service towards me Thank you swoosh

jasmin andrews

At first the application was rejected but following day was advise it will be reassessed. Mackenzie did an amazing job, thank you so much and the Swoosh team. Highly recommend

Jay E

Kelly and his team at SWOOSH did a remarkable job to help me out of what felt like an impossible situation. Kelly’s attention was extremely professional and consistent throughout, however, I always felt I was talking with someone who took the time to understand me and my situation. He picked up the enquiry and with many factors requiring considerable work was able to achieve a 24hr settlement. I can’t recommend Kelly and the team at SWOOSH finance more highly and I’m one very grateful client. Kindest regards CJS

Cory Sims

Great credit lending company. I've been a repetitive customer and had an opportunity to reapply so I did it. Dealt with Carin at first then Ryan and took a bit of time but communication was great. Got approved and had the money within hours. Was worth the wait and the detailing questions.

Livia Faatiarau

Swoosh gave me a loan when I didn't think I stood a chance.pretty quick turnaround had money within 1 day of applying. If you're in the market for a loan why not try your luck with Swoosh!

Michael McQuade

My customer service advisor ESTELLE'S assistance through the process was very professional. All of my questions were answered in a timely manner and I appreciated receiving updates by email from ESTELLE. I would recommend SWOOSH to family and friends.

PRISCILLA JANE

Took longer than anticipated, and so many questions, but ultimately got the loan, was in my bank a couple of hours after approval. The whole process took around 36hours. Very responsive, very happy with the outcome.

Sarah Tepuni

Superfast , no delays once already have/ had a loan

Ryker Natural Products

A++++

Winifred Angel Roycroft

Swoosh have been so great at helping me tie up some loose ends and made it possible for us to get through the new year with less stress.

Holly Toolin

After having my accident i needed to pay the excess, coming up with that kind of funds was near impossible, they where quick and very professional, I can't thank them enough for helping me especially before xmas.

Carol Schobbe

Not oy did the professional staff respond almost immediately to correspondence, they let me know the progress every step of the way. I actually doubted being approved was shocked they gave me a chance. Would highly recommend 🙂

Nikita Gorogo

Swoosh was really good in understanding and service was great and pretty quick as well.

Denis V

They did good job and at a reasonable rate.

James Cross

i have bad credit and swoosh did not hesitate to give me a chance. very quick and respond very quickly. very easy process and the funds were in the bank that day. highly recommend.

adrian brewer

By far the best loan experience out of four others that I have dealt with. All staff are great ive dealt with are great. Fast responce through bot and email with up to date information so I wasn't left wondering. 10/10

daniel s

Very quick and so easy thanks

John Knoll

Quick and easy

Lyndell Gibson

Very helpful and fast process. I'd recommend them to anyone as their repayments are fair and affordable. Thank you Swoosh.

darren archer

Easy to deal with and done in quick time.

Allan Mahoney

Ryan was extremely Friendly and helpful during the whole process

Nicole Halliwell

Thank you so much tor giving me the chance! Nearly gave up! I really appreciated it! God bless

Jeralie Emnace

Great service been with them for a while. When I was stressing about urgent money I randomly had a text saying I can re-finance they came through same day without hesitation. Extremely thankful with their quick & helpful service A+++++

Kessy Tav

Excellent service, while others give 500 dollars so hard, Swoosh finace is 10 times better than them, thank you again Swoosh, the money was in my account within 1 hour 😜

Hızır reis Reis

Very accommodating, will do their best to set you on the right track, and find the best loan for you!! Thanks Swoosh Team!! You saved me…

Steven Fitzgerald

I’m happy I got approved (not for the amount I needed) but easy application and very responsive to questions and concerns. Easy and affordable repayments.

Mia Toomey

Understanding when I couldn't get files downloaded onto PDF, were happy to wait for my son to do it. Thanks again

Carol Woodcock

Good friend lily people an quick approval

Tony Mudge

Awesome finance swoosh is the best out there can't wait to get another loan from them it's so cheap

Derek Walker

Greatest company to deal with!!

Renae Bowerman

Great company to deal with. Response time excels to other companies. Would highly recommend. Thank you

Laura C

Swoosh I have been VIP for 5 years or so .always easy to deal with end never fail me good work again swoosh 👍🏽👍🏽

Grant Bottrell

Was great to work with was told it would be 24 hours before I found out as was the end of the day . By 7pm I had a contract to sign, I signed it and money was in the bank within 10 minutes. Thanks

Luke Wilson

I recommend this company.

muni howard

Been a swoosh customer for years. Love the fact that every 6 months I can top up my loan should I choose too. Very easy application, everything done online

V Vegh

Excellent start to finish experience. The regular communication and updates provides certainty to the process leaving the borrower with the feeling that all is being done to provide a positive outcome.

Mark Atha

They took the time to look at my application and gave me options. Only thing I don’t like as an existing customer is if u wanna pay extra off ur loan or increase your repayments they charge u a fee

Nicki Bunn

Maria Cabrera

Dimitrios Velingos

Great quick service, was able to top-up after 6 months of regular payments, same day approval and money in account.

Jason Stanford

Been with swoosh for a few years now and they are a awesome company to deal with. Never had a problem with them at all.

Karyn Quinn

Tracey Grounds

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.

Want to chat to someone?

Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist

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