Bad Credit Loans
How many times have your loan applications have been rejected by other lenders? Bad credit history can get in the way of you receiving a loan at many places, but often not with Payday Loan! No more endless searching - we understand that bad credit is a reality for many people, but it shouldn't affect your ability to get the help you need. You will not be penalized for having a bad credit rating - we look at your ability to repay the Payday Loan, so if you need cash in a flash contact us now. You can apply for a bad credit loan if you are a new customer, or here if you have already have had a loan with us.
Super fast bad credit loans
In these difficult economic times cash emergencies are stressful enough, and we don't want to make it any more complicated for you. We believe that everyone deserves the right to get a loan whenever they need it most. Get rid of financial frustration by applying for cash now with us.
100% confidential bad credit loans
Your reputation will not be on the line if you apply for a cash loan from Payday Loan - we DO NOT contact your employer or referees or do credit checks during the approval process, unless you opt-in for it in order to qualify for a reduced interest rate. So, if you have been looking for a lender that keeps the approval process absolutely confidential, you are in the right place. Just apply for a bad credit loan now and we will not ask why you need the loan - rest assured that your reasons are your reasons.
Repayments that suit your needs
We provide fast bad credit loans to individuals who show that they can repay the loan in a short period of time. So you have bad credit, don't let that stop you contacting Payday Loan. We understand that the past is the past - and we look to your current ability to repay. That's why we call ourselves Payday Loan - as it's your payday earnings that count, not a bad credit history.
Apply Now - It's easy to get a bad credit loan with us
- Fill out our quick and simple Application form.
AIR - Annual Interest Rate
Our AIRs range from 502% to 602%pa or approx 1.38% to 1.65% per day.
Implications of Non-payment
To avoid additional costs please repay your loan according to agreed terms, however where a non-payment (or other default) occurs the following applies:
Fees - A fee of $50 applies to each missed or failed payment, a fee of $10 for each reminder letter & a fee of $10 for each week you remain in default
(Other fees and charges may apply where we do an assignment of wages, refer your loan to a collection agency, lodge a default with a credit agency or engage a lawyer - refer here for further details)
Default Interest - applies to any overdue amount at 109.5% per annum
Collection practices - We undertake to manage collection of our loans in accordance with legal requirements and industry standards and will promptly contact you should you miss a payment date.
Credit Score implications - A repaid loan in accordance with agreed terms should positively influence your credit score. However when a missed payment, failed payment or unpaid loan occurs this is likely to negatively impact on your credit score.
Renewal policy - Renewals are available on loans (other than your first loan) where your past payment history is satisfactory to us and are subject to our discretion. Renewals are not automatic. A fee of $15 applies.
Click here for further information on our loans.