Personal Loans Bad Credit

When you apply for a personal loan, bad credit can often affect your approval rates. But not with MiFinance. We have a host of personal loans for you, including bad credit loans if you have a poor credit score. We don’t rely on your credit score but help you get the financial aid you really need. All you have to do is complete an online loan application, tell us the loan amount you need, and we’ll get you the money instantly.

What are credit checks?

When you apply for a personal loan in a bank or from a lending organisation, they are most likely to conduct credit checks on you. This is to assess your financial lending history, which is compiled in your credit report. Not paying loans on time can affect your credit report, thereby making it difficult to get a personal loan.

Our bad credit personal loans

At MiFinance, even with a bad credit history, applying for a personal loan is very easy. We don’t conduct credit checks or check your credit score before approving your personal loan. Instead, we match you with a responsible lender to get your loan approved.

If you have bad credit, personal loans are now available for you. Whether you need a bad credit loan to pay your home loans, car loan or need emergency funds, you can apply for a personal loan with bad credit. We offer a host of loans provided by lenders with an Australian credit licence.

Every bad credit loan has standard fees and charges that you can check when making your online bad credit loan application. The bad credit loan amounts’ comparison rates are also available to you when you apply for a personal bad credit loan.

Eligibility for bad credit loans

If you want to apply for bad credit loans, you need to meet the following basic criteria:

  • You need to be 18 years and above
  • A citizen of Australia
  • Have a regular income for at least 3 months, or an income from government and Centrelink benefits
  • Have a valid phone number and email address

What is the cost of bad credit personal loans?

People with a bad credit history or a poor credit score can apply for a personal loan with us. If you have a bad credit score, these bad credit loans can help you tide over your financial troubles.

The fees and charges of every bad credit loan are fixed, such as the establishment fee for short-term loans is at 20%, and the monthly fee is at 4%. There are no interest rate charges for short-term loans.

The comparison rate for every loan amount is displayed when you make the online loan application. With our loan calculation tool, you will be able to understand the cost of our unsecured personal loans.

Our Personal Loan Approval Process

We can get your bad credit loan approved within minutes. Our process is quick and simple, so people with bad credit scores can get their bad credit loan in the shortest possible time.

Online Personal Loan Application Process

When you really need a personal loan, all you have to do is complete our website’s bad credit personal loan application process. You have to input your loan amount, personal information and decide your loan term.

We recommend that you select a loan term that you can comfortably afford. You also need to mention the reason for the loan. For instance, if you need the money to pay your car loan or debt, input the information when you apply for bad credit loans.

Bad Credit Personal Loan Approval

After you apply for a loan with us and complete the personal loan application process, your loan can get approved overnight. We will match you with the best lenders in the market who is willing to lend you the personal loan you need.

We don’t check your credit history when approving bad credit loans because we understand your need for funds. Bad credit loans can get approved within one business day.

Your loan amount in your bank

Once bad credit loans or a secured loan gets approved, the money is directly sent to your bank account. We have loans for people with bad credit, and irrespective of your financial situation or loan amount, you can get your funds within 24 hours with us.

Our borrowers have been able to overcome their financial troubles with our help. We can get you the funds you need, whenever you need them.

Why choose us?

Here are some reasons why you can rely on us for bad credit loans when you need funds the most:

  • Responsible lending: We abide by the National Consumer Credit Protection Act 2009, and all our lenders have an Australian Credit Licence.
  • No credit check: We look beyond the poor credit scores and grant you bad credit loans even if you have a poor credit score.
  • Personal loans for all: If you have a bad credit history or no regular income, your unsecured loan can still get approved.
  • Approval ratings: We have high approval ratings, allowing us to get you a loan even when you don’t have an income for all kinds of loan amounts.
  • No surprise fees: Our fees and charges are fixed and at competitive rates to not burden your financial situation.
  • Simple application: If you need a car loan or simply need money today, complete our simple loan application online and get your money instantly.

MiFinance is the best personal loan provider for people with poor credit history. We look beyond your credit history to get you the funds you need. When you need personal loans, bad credit history shouldn’t stop you. Apply now and get a bad credit loan!


Do you check the credit history of borrowers?

No, we don’t conduct any credit checks of our borrowers. Irrespective of your credit history, we will instantly get you the loan once you’ve applied online.

If you can’t repay the loan amount on time, will it affect your credit score?

If you can’t repay the loan on time, we re-finance the loan to you with a new tenure and scheme. It will not affect your credit score.

How soon does my loan get approved?

Bad credit loans can get approved overnight. We take one business day to match you with lenders and get you the money.