- Bad credit loans up to $8,000
- Low-interest starting from 48%
- Repayment up to 12 months
[Accessed April 5, 2021]
Loan One - we believe in second chances
Loan One has become more like family to most Australian families. The reason is that we don’t shut out who need a loan even if they have a bad credit history.
We help clients get through the darkest of days as far as their financial woes are concerned. We are not an online loans provider that closes the door on customers when they need help the most.
Loan One looks at bad credit history with sympathy
As tempting as money and material things are, no one would go through in financial turmoil with their eyes open. Nobody delights over a bad credit history. It is primarily for this reason why we don’t see the use of punishing you for actions you have committed in the past. Besides, we know a few banks and credit advance providers have criticized you enough so we don’t see why we should add more fuel to the fire. Instead, we come bearing good news, that we help you with your bad credit history and we will never neglect your requests.
Loan One application criteria
The following criteria are what we look for from a client who wants a bad credit loan with us. We are not too picky but there are certain requirements that are essential and can’t be bypassed.
- Clients need to be 18 years or older to apply for a loan
- Clients need to have a stable income that they receive on a frequent basis
- Clients need to be an Australian citizen
- Clients need an active banking account
We are different to other lenders
Clients must submit an online bad credit loan application. After submitting the application, we will then have to verify all the information they submitted to us together with the documentation.
After we have verified everything and found that all the documentation is in order, we will then have to do a credit check.
Does Loan One check credit history?
As part of our online loan application process, we should do a credit check for all our clients. There is nothing to be worried about because we will not penalize you because of your previous bad credit record, we will consider your affordability and if you are paying all your debts on time.
This is a bad credit loan application, after all, so we know that you may have defaults of the past. We really try our best to ensure that every client that is seeking a loan gets it but it is important that customers know that they must meet us halfway too. They also must do right by ensuring that they meet their financial obligations without a struggle.
Why is Loan One different?
Seeing that you have a bad credit history, we are more interested in establishing a good credit history for you going forward and in the future. We analyse each client’s situation differently and as such, we will not always reach the same conclusion. Each analysis will differ based on the findings of each customer. This way, your credit record will start attracting the right people as opposed to the usual answer of having financial providers turn your blacklisted loan application down.
Loan One – Bad credit loan
- Loan Type Bad credit loans
- Interest Rate from 48%
- Loan Amount up to $8,000
- Repayment 1 month to 12 months
Benefits of Loan One
- BAD Credit Loans
Bad credit loan calculator
Loan One - Apply for one of our affordable loans today
There are costs incurred to bad credit loans just like any other loan. The costs are market-related and can be compared with the costs of other credit advance providers.
If you feel that our costs are too high, you are welcome to try other payday loan providers. However, we must maintain that there is not much of difference as we have said we offer competitive rates that are affordable for every client who applies for a bad credit at Loan One.
We will never allow you to sign the contract if you feel that the charges are too high. Each agreement is negotiated prior to signing on the dotted line. We don’t want our clients to feel that they will not be able to repay the loan.
Loan One blog and articles
We have many articles that are available on our blog. The articles vary from credit guidelines to other financial management expertise you will need in the future. It is important that clients use these articles to gain knowledge and a better insight about being able to handle their money and savings right.
Responsible lending at Loan One loans
We would never give a bad credit loan to a client who is clearly not in a good financial state to pay for it. As such we take a client’s suitability and affordability seriously simply because we don’t want to add more debt to the debts that they already have.
Can I pay my Loan One loan earlier?
Clients are more than welcome to pay their loan before the scheduled payment. There are fees incurred from paying your personal loan sooner.
What if I pay my Loan One loan later?
If you pay your loan later, you will be liable for dishonesty fees. Furthermore, this may have an impact on your loan applications in the future. Don’t get your name in the mud with a loan you could have avoided from the beginning.
Customer Reviews & Testimonials
Loan One will never leave you hanging, they will get back to you on the same day you applied for credit.
— Alice Springs —
Using the Loan One website was fast, easy and convenient.
— Gold Coast —
There is always something the customer will benefit from choosing the benefits that come with qualifying for a Loan One credit plan.