Rating based on 15 reviews

Discovery Credit

Updated
  • Personal loans up to $10,000
  • Low doc loans
  • Bad credit friendly
Discovery Credit homepage
Author Discovery Credit. Screenshot of Discovery Credit website.
[Accessed May 2, 2023]

Discovery Credit – You can be in control over your finances

It is often quite a challenge to find a personal loan provider that helps you when most lenders choose not to. Apart from having a poor credit record, your application needs the same amount of consideration like 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 financial and stable life.

Bad Credit loan payers

We welcome clients looking for a bad credit loan. Due to the fact that we are working with clients and we offer them unsecured loans, we basically trust our customers enough to know that they will never be in a position to fail us financially.

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

Large Personal Loans up to $500,000

The 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 personal loan amounts range from $1,000–to–$500,000 and sometimes more.

Suitability & affordability of the personal loan

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

Criteria that need to be met

The clients that are applying for a loan 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 – Personal loan

  • Loan Type Personal loans
  • Loan Amount up to $10,000

Benefits of Discovery Credit

  • Quick personal loans
  • Simple online loan application
  • Loans for clients with bad credit

Personal loan calculator

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

Discovery Credit - Let us help you manage your finances better

Although we have a systemic way of how we prefer our personal loans being paid, we understand that businesses are different.

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

Be in control of your money

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 and business loans available for everybody who meets our criteria. At Discovery Credit, everybody is part of the winning team as we constantly strive to make sure that no customer is in a financial crisis.

The supporting documents that we require from our clients are:

  • Identification document
  • Two month’s bank statement

Pre-approval of the personal loan

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

Business start-up loans

Starting a business is not for the faint-hearted. There are a lot of factors that need to be taken into consideration in order for your business to be a success. Apart from ensuring that you have sufficient and effective human resource, you also have to 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.

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

Similar to all new businesses, we know how it feels like when you are alone and feel that you have no place to turn to. Call us your financial angel but that is what we 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 at 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. We 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 we leave unturned as we try everything we can to ensure that you get the money that you need so you can turn your dreams into reality.

Bad credit is not an issue

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

Customer Reviews & Testimonials

There are so many lenders out there that one can turn to for a personal loan and they all seem to offer the world, I am happy to say that Discovery Credit has lived up to their promises!

Liam B
— Adelaide —

I needed to pay off some existing debt quickly and Discovery Credit was able to help me do just that. I got a secured personal loan with them at very a low interest rate and easy repayment terms

Greig D
— Canberra —

I adore how fast and simple Discovery Credit's online application process is. I can complete the online form in a few minutes and receive and answer on my loan amount just as quick. Keep up the g...

Harley H
— Perth —

I am pleased with Discovery Credit, they offered me a variety of personal loan options and other financial solutions that were available to someone like me. I highly recommend them!

Harvey A
— Darwin —

Discovery Credit Contact

Physical Address


Postal Address

  • PO Box 155, Hurstville, 2220, Australia

Opening Hours

  • not available