Rating based on 41 reviews

Discovery Credit

  • Bad credit loans up to $500,000
  • Low-interest starting from 48%
  • Repayment up to 12 months

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Discovery Credit homepage
Author Discovery Credit. Screenshot of Discovery Credit website.
[Accessed May 3, 2023]

Discovery Credit - helping you manage your money better

It is often quite a challenge to find a financial services provider that helps you when most lenders choose not to.

Apart from having a bad credit record, your fast loan application needs the same amount of consideration as any other applicant. Discovery Credit has been the answer to many Australians who have looked for a lender that will look beyond their flaws and see them for who they are – people who are trying to live a financially stable life.

Bad credit

They welcome clients with bad credit. Since they are working with clients and they offer them unsecured bad credit loans, they basically trust their customers enough to know that they will never be able to fail them financially.

Although they try to help each and every customer who has bad credit, there is a criterion that has to be done so that they can assess the severity of the bad credit history. They don’t automatically take a collective decision on the employee’s part.

Loans up to $500 000

The bad credit loan application process is fast and easy to complete. Clients are requested to fill in their details and submit supporting documents and wait for a response.

The loan that can be borrowed ranges from $1000 - $500 000 and sometimes more.

Suitable loans for your business

Discovery Credit focuses more on up-and-coming businesses that are still struggling to find their feet. They also cater to businesses that have already progressed because they know that anybody can face a financial predicament.

Criteria to apply for a loan

The clients that are applying for short-term loans should be above the age of 18. The sole purpose of seeking financial assistance should be for business use and nothing else. Furthermore, corporations with bad credit are more than welcome to apply.

Discovery Credit – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate from 48%
  • Loan Amount up to $500,000
  • Repayment 1 month to 12 months

Benefits of Discovery Credit

  • Fast loan approvals
  • Get a quick line of credit
  • Same day loan payouts
  • Bad credit friendly loans

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Discovery Credit - They have fast and convenient loans

Although they have a systemic way of how they prefer their payday loans to be paid, they understand that businesses are different.

That said, they have diverse payment plans from one operation to the next. All they require is constant communication and payments that are timeously and paid without any difficulty.

The supporting documents that they require from their clients are:

  • Identification document
  • Two month’s bank statement


After filling in the online loan application form, you will be sent either a pre-approval or disapproval message. If you are approved, they will require that you send them certain documentation that will serve as verification before they can make a final decision. The faster you submit the documents, the quicker they can start processing your loan application and allocating the money to your bank account.

Be in control

There are a very large number of Australians that want to start their own businesses but have no capital. Discover Credit helps new and small business start and improve their product or services by injecting money into your idea. There are secured and unsecured credit plans available for everybody who meets their criteria. At Discovery Credit, everybody is part of the winning team as they constantly strive to make sure that no customer is in a financial crisis.

Business start-up loans

Starting a business is not for the faint-hearted and that's why they offer flexible business loans. There are a lot of factors that need to be taken into consideration for your business to be a success. Apart from ensuring that you have sufficient and effective human resources, you also must ensure that you have enough capital so that your business can kick start. Without having enough money, regardless of a mind-blowing idea, your business is not likely to blossom.

They have realised that most corporations that struggle are the ones that are new in the industry and they have devised a plan that makes them feel slightly at ease. They loan new and existing businesses money to either start up, enhance or finance their corporation in any given way.

Like all new businesses, they know what it feels like when you are alone and feel that you have no place to turn to. Call them your financial angel but that is what they aim to be to the young individuals that are trying to put food on the table in the most creative ways.

Entrepreneurs with bad credit history

A lot of business persons may have had doors shut in their faces when a credit provider learnt that they have a bad credit record. This is often very discouraging when you are on the brink of starting a business but get disappointing news on every corner. They know how dreadful banks can be and they may force you to put your dreams on hold because they can’t give you a bad credit loan. At Discovery Credit, no dream is buried and there is no stone that they leave unturned as they try everything they can to ensure that you get the money that you need so you can turn your dreams into reality.

Bad credit

Bad credit customers don’t scare them. They have dealt with them for if they can remember. They are not concerned about how they handled their financial matters in the past, they are more interested in how they deal with their expenses in the present day and going forward.

Customer Reviews & Testimonials

September 2018

It was through Discovery Credit that I finally got a financial breakthrough.

Jack S
— Perth —

December 2018

Applying for a loan on the Discovery Credit was fast and convenient.

Olivier W
— Melbourne —

May 2019

I am a happy customer because of the affordable interest rates I am paying on my Discovery Credit loan.

Peter W
— Broome —

Discovery Credit Contact

Physical Address

Postal Address

  • PO Box 155, Hurstville NSW , 2220, Australia

Opening Hours

  • not available