At Swoosh, we do not offer no credit check loans. Instead, we do conduct credit checks as part of our commitment to responsible lending. Our streamlined process is designed to give every Aussie a fair and accurate assessment — without the hassle. Even if you’ve had credit challenges in the past, we focus on finding a solution that works for you, with fast applications and quick approvals.
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What are no credit check loans?
Loans without credit checks are exactly what they sound like. You can apply for credit and be approved without the lender ever doing a hard check on your credit file.
Often people seek out these loans because they are worried about bad credit affecting their loan eligibility. Other times it’s not a bad credit history that people are worried about, but no credit history at all. If you’re worried about getting a loan with no credit history, Swoosh is here to help!
Are no credit check loans real?
If you’re wondering if there are any loans without credit checks, then the answer is yes (with an asterisk). Lenders who offer real no credit check loans tend to only offer small amounts and with a high interest rate.
Find out more: Do loans with no credit checks really exist?
How no credit check loans work
When you get a loan without needing a credit check it means that the lender uses alternative lending practices to assess your eligibility and creditworthiness.
Why are credit checks important?
Credit checks are important for keeping both you and the lender safe. The lender needs to verify that if they give you a loan then you will repay the money that was borrowed. But responsible lending laws also require that checks are performed to make sure the loan won’t put you in financial hardship. Meaning you can reasonably afford to service the loan repayments.
How to get a loan with no credit check
There are a few options when you’re looking for a no credit check loan. Pawnbrokers, some small loan companies and alternative lenders, friends and family, and government initiatives may offer you no credit check loans. Always be careful applying for finance from a lender that offers cash loans without a credit check. Credit checks are an important part of responsible lending principles.
Easiest loan to get approved for with bad credit
Thankfully, bad and poor credit history doesn’t matter with Swoosh! We need to check your credit history to verify serviceability and that there are no active defaults on your credit file. But if you’re worried about bad credit history, or a poor rating, don’t be! We know that situations change, which is why we assess your application based on your current financial situation, not your past.
All you need to do is:
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Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
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Approval of your loan is provided within 60 minutes of you providing require information (during business hours)*. The decision will arrive promptly – right in your inbox.
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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.
Check out our bad credit loans or apply online today and get cashed up ASAP.
*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.
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FAQs
Got questions? We’ve got answers. Find find out more about applying, repayment, eligibility, credit & more.
If you apply with a reputable business, then it is safe to apply for a no credit check loan. These types of loans can often be used by scammers or companies with dodgy business practices, so make sure to do your research before offering any personal or sensitive information.
Even if the business is legit, it can be easy to fall into a debt trap with the very high interest and short repayment term that often goes with these loans. If you find yourself in need of help, there are plenty of resources available, like the National Debt Helpline.
Sometimes lenders will do a pre-qualifying check on your application or conduct a ‘soft credit check’ that does not show up on your file. Each business will have a different process, but things like your recent bank statements, income, and employment history are often part of the assessment process. If you don’t meet these requirements, then your loan application will generally be rejected.
Need some more help? Check out our great tips for getting a loan when you keep getting declined.
Swoosh Finance offers small secured loans to a wide range of Aussies. Our easy online application and simple criteria will get you the cash you need in no time!
