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Bad Credit Loans

Fast 3 to 36 Month Online Loans

Bad Credit Loans for Aussies Guaranteed Approval

If anyone is looking out for a loan and they hear about guaranteed approval for bad credit loans for Aussies, they would get excited! Yes, that is because everybody wants to be assured that when they submit any loan application they will get a positive outcome at the end of the day. Although IAFC may not offer a guarantee to anyone that their applications will get approval. But, what we can offer is a guarantee that you will be paired with the most suitable lenders that will provide you with personal loans including bad credit loans for borrowers who have bad credit. 

Introducing IAFC loans – Personal or Credit Loans 

IAFC operates as a lender finder in Brisbane. We are business services run by Australians to provide solutions for Aussies who need fast access to cash for their financial emergency. The business is committed to making sure every Australian gets paired and connected with trustworthy and professional lenders without the normal stress and efforts which is synonymous with taking out a loan.

It is our aim that every Aussie needs a chance to be connected to the most suitable and worthy loan providers. It is of no importance whether borrowers have bad credit, or they are receiving Centrelink benefits. IAFC is available to lend you a hand and assist you in your search for loan providers that provide bad credit loans.   

Potentially, we can help you connect with creditors who can provide an extension on personal loans starting from as little as 300 dollars up to 10,000 dollars.  

Need a loan today? Apply online!

Bad Credit Loans Australia – What is bad credit loan?

As the name implies, bad credit loans are personal loans generally offered to borrowers which credit records aren’t exactly spotless. Typically, it’s harder for people with bad credit to get access to loans as many lenders would consider a poor credit score to be an indicator that a borrower may not be as reliable as far as repayments go. This is why most lenders are hesitant to offer poor credit borrowers with any loan product.

The recent years, however, have seen a considerable shift in creditor philosophy. More lenders are willing to consider bad credit borrowers, thanks to this recent shift in focus.

Whilst these lenders will still take the time to look into your credit history, they will also want to take your budget into consideration as well. This means analysing how much income you’re earning and what your total expenses are to give them an idea of what credit instrument is right for you and how much they will let you borrow that will be affordable enough for you.

However, always note that loan approval isn’t always assured. Loan availability will be heavily dependent on the lender you’re doing business with.

Bad Credit Approval Rates – What loan options do bad credit customers have?

IAFC partners with lenders that can potentially extend bad credit loans to you. Often, these are unsecured loans with a maximum loanable amount of $2000. They will generally carry a 12-month repayment term or less. For borrowers that want to borrow something more substantial, you may sign up for a secured loan from $2100-$10000. Generally, they are repaid within terms of up to 24 months. Larger-amount loans need to be guaranteed by an asset of the borrower. This could include a boat, caravan, motorbike or a car to be able to increase your rates of approval. 

If you’re hoping to sign up for a bad credit payday loan that will offer guaranteed approval, there are bad credit loans you can apply for online with us at IAFC. Our process is completely online so you can apply any time, 24/7… that’s right that includes weekend payday loans. Do note that lenders follow their own schedule, so if your application is received beyond their working hours, you can probably expect an outcome on the next business day.

You can apply with IAFC even when you have bad credit. We’ll try to do the best we can to get you matched with the right potential lender. The process will only take a few minutes. When you apply with us, expect that we’re going to help no matter if you’re on Centrelink benefits or if your credit rating is poor.

You can lodge an application and potentially be matched with a creditor in no time. Just scroll up and get the application process started.

Guaranteed Approval Loans

Lenders offering Guaranteed Approval – Is there a guaranteed approval?

If you’re looking for bad credit loans online that will offer guaranteed approval, this often means that you need access to funds fast. A guaranteed approval will offer you that assurance you need, after all.

At IAFC, we understand too well why there is a need for you to secure such a reassurance. However, we do only connect with creditors who are credible and reliable. This is why we never have lender partners that offer guaranteed approval for bad credit loans.

The creditors in our network know very well what modern life is like in Australia. They have grasped very well the pressures that Aussies face regularly. After all, like us at IAFC and other lenders, we’re just everyday Aussies too.

When you’re already having such a hard time keeping things afloat, when the bills are piling up high and you’ve got nowhere to turn to, getting access to instant funds fast is the only way to go. When you ever find yourself in such a tight spot as this, IAFC’s lender-locator service may be able to help you.

Check your Credit & Finance – Are loans with no credit checks better than loans for bad credit borrowers?

People generally regard loans with no credit assessments involved to be better than consumers for bad credit loans. This is because, for loans of this kind, the lender will choose to bypass the credit evaluation process. Instead, they will just look at your current financial standing to determine whether they would lend you money or not. This is why borrowers with less than spotless credit records will find this a more attractive option.

However, credit checks are important tools lenders use to get your creditworthiness assessed. When you lodge an application at IAFC, we can’t offer guarantees that a credit assessment isn’t going to be performed but generally there is no paperwork

An Emergency cash loan that doesn’t involve any credit evaluation may only be accessible via a select number of lenders.

In addition, bear in mind that your options aren’t just limited to no credit check loans . Only a few lenders will offer this option. Despite that, a credit assessment doesn’t mean that’s the end of your application.

Credit Loans Australia Guaranteed – Bad credit loans for unemployed borrowers with guaranteed approval

Whilst there’s no such thing as a guaranteed loan, you can look into the possibility of getting an unemployed loan. Note though that whilst they may be potentially available for you, lenders may prefer not to offer it.

When lenders decide whether to lend you money or not, they need to check first if you have the means to pay it back. It will be impossible for you to secure loan approval when you don’t have a regular source of income.

When you’re not presently employed, you’ll also probably not be receiving a regular income. However, if you are getting Centrelink benefits, there are lenders that may consider this as a regular income source and there is also options to apply for a Centrelink loan

Approval for these types of loans, however, isn’t guaranteed. Whilst there are lenders who can offer cash loans for the unemployed for example a Centrelink payday loan, a whole host of them will choose not to. Also, just receiving a form of income isn’t enough assurance that a loan application will be approved.

Need Cash Fast – Same-day approval credit loans with guaranteed approval

If you apply for a same-day credit loans, the principle is that the approval and releasing of the funds to your account will all happen on the very same day that you sent in your application. This does sound ideal, especially if you badly need cash fast. However, IAFC wants to set your expectations right and cannot guarantee that it’s possible to sign up for these loans. The application process and the assessment will involve several steps, so it is more realistic to expect the process to take at least a few days.

If you do want the loan application process to be sped up, here are some steps you can do.

Make sure to apply during working hours. Make sure too that you have all the necessary details required for the application ready.

This helps speed up your application process. There are even instances when the moment you get an approval, the creditor can send to you the amount you borrowed on the very same day.

Loans Australia Guaranteed Approval – Bad credit vs instant loans with guaranteed approval

Whilst these two products may seem similar at first glance, it’s important to understand the differences.

Guaranteed approval means that no matter what your loan application will be approved. However, loans like these shouldn’t be offered by lenders since they are a violation of the responsible practices of creditors as is mandated by Australian law.

In addition, instant loans are credits that are processed fast so you get the outcome in no time at all. Realistically, however, the lender will first need to get the application duly assessed which would mean a bit of processing time. Approval isn’t guaranteed as well as there’s a chance that lenders may turn the application down if there are indications that you might not have the means to afford it.

Apply for Loans – Do I qualify?

Our criteria are left as often as possible with the goal of helping as many borrowers as possible. To get started with IAFC, you just need to meet our eligibility criteria. Among these are:

  • You’re 18 years and older
  • A citizen of Australia or a permanent resident
  • Have an email address and personal phone number
  • Have been regularly receiving an income not your personal bank account for the last 90 days.

If you meet all of the above-mentioned criteria, you can start lodging your application via IAFC right away.

Checking Your Credit – What things do I need to apply for a bad credit loan?

It’s easy enough to apply for our lender-locator service. Once you get paired with a lender, you’ll just have to fill out the form with some pertinent personal details. Among these details include:

  • Personal contact details
  • Reason for taking out a loan
  • myGov details
  • Employment details
  • Internet banking information

Making sure that these details are handy before starting your application will help speed up the process.

Bad Credit Short Term Loans

What to look out for when taking out a bad credit loan with guaranteed approval

Despite the fact that guaranteed loans may be against responsible lending practices, there may be lenders that will advertise their loan products for guaranteed approval.

A case study: Angela

Angela studies full time and is currently employed as a part-timer at a supermarket. She earns an income of $20000 annually and so far, this has been enough to cover the costs for her education, her accommodation and the rest of her daily expenses.

Unfortunately one morning, she found herself unable to get any of her assignments done because her laptop broke down. Considering how important a laptop is, she knows she needs instant access to funds to get it fixed as soon as possible.

She decides to check online for loans that offer guaranteed approval. One of her friends told her to look around first before signing up with any lender. So Angela decides to check out the personal loans page for Moneysmart to get more information.

After getting her research done, she decides that it may not be a good idea, after all, to look for guaranteed approval lenders. She went to a short-term creditor instead and got approved for a personal loan for $1000. She also got a 12-month repayment term. This allowed her to easily fit her weekly repayments into her budget. This allowed her to not only afford the laptop repair costs but also get her assignments submitted right on time.

The Right Lender for You – Getting started with IAFC

IAFC’s lender-locator service is quick and easy to use. Filling out the online form and submitting it could only take a few minutes.

Interested? Here are the steps you need to do:

Step 1

To get started, head to iafc.com.au and enter the amount you wish to borrow. Decide on what your ideal repayment arrangement is going to be— whether you’d prefer to pay monthly, fortnightly or weekly. Consider how long you would prefer to pay the loan as well.

You should be given a rough idea of what the payments are likely going to be based on the repayment terms available. Do note that this is just but a representation of what you’ll be offered with once a lender will be paired with you. Different lenders will have their own calculations so the final offer may differ significantly.

Next, you need to fill out the online form. You’ll be required to put in your details and just click submit when you’re done.

Step 2

Once you have submitted the application, we’ll take care of the rest for you. Within just finished after submitting your application, our systems will scan through the different loan products that our partner lenders offer. Depending on the time you got the application submitted, you can probably get an outcome in just a matter of minutes.

Step 3

Finally, if we find a lender that fits your loan needs, they will get in touch with you. From this point onwards, all interactions will now be between you and your creditor.

The new lender will carry out the necessary assessment to determine whether you qualify for the loan or not. Once you’re approved, they will then send you a loan contract.

Once you receive the document, it’s important that you read the fine print thoroughly and make sure you understand. You have to be fully sure that you’re happy with the loan contract then you can accept it. Note that you’re not obliged to accept the loan contract offered to you, especially if you aren’t happy with the terms.

Getting access to your funds will be dependent on the transfer items of your bank. Sometimes, you may have to wait until the next working day to get the funds to your account. This is especially true if you decide to accept the contract outside of the lender’s regular working hours.

Upfront costs

Some customers often feel that many lenders offering short term loans mislead their customers especially when it comes to the fees and costs associated with the loan. This is because some less than reputable lenders might not be very important with what they will subject you to when offering you a loan, thankfully, IAFC has partnered with the right lenders who are credible and reliable and will always see to it that your expectations are properly set ahead of time.

Once you’re paired with a creditor via IAFC, expect that the charges and fees will be detailed out on the contract you will be presented with. The loan cost, however, can differ from one lender to the next.

If your loan gets approved, the lender will send you a digital contract. Be sure to read everything carefully. Pay close attention to the loan terms too and the charges and fees payable before giving your approval.

If there’s anything you don’t understand or provisions you’re not sure of, get in touch with your lender. They can help walk you through the contract and explain its content in detail.

Finance Situation – What does a bad credit loan with guaranteed approval mean?

Typically, when lenders carry out assessments for a loan application, they will consider your credit score, your current employment status and how much income you’re getting in relation to your expenses.

Any lender that will offer guaranteed loans will just disregard this. It doesn’t matter what your finance or credit circumstances are. The lender will approve the loan if they offer guaranteed approval.

Whilst this can be attractive initially, lenders like these aren’t very reliable. You need to be very careful as there’s a good chance it may be some scam.

Problems about bad credit loans with guaranteed approval

Consumers are warned against referring to these types of loans. Technically, it is illegal for lenders to offer guaranteed loans.

Credit providers as well as those that provide assistance need to comply with specific lending obligations as mandated by the 2009 National Consumer Credit Protection Act, chapter 3.

Obligations like these are put in place to ensure that credit licensees are prevented from offering credit contracts and credit advice that aren’t suitable for their borrowers.

Among the instances where a loan contract may be questionable are:

  • The consumer is unable to cover the repayments or is only able to do so at great financial pressure
  • The objectives and requirements that the consumer has set aren’t met

Responsible lending practices

Lending obligations are there for a reason. They are put in place to ensure that consumers only ever get loan products and credit advice that will be appropriate for their circumstances.

In meeting these requirements, creditors have to undertake certain steps whilst going through the loan process.

1. Creditors need to look into the financial situation of a consumer
2. They must take proper steps in thoroughly verifying the consumer’s situation
3. Lenders must make proper assessments to carefully determine if the credit contract will not be in any way unsuitable for the borrower.

This is a clear indication that lenders that will offer bad credit loans Australia with guaranteed approval are not complying with the regulations that the law has set. This is why you cannot really trust these lenders.

If you want to get access to the full regulatory guide, you can refer to the AISC’s website.

What factors will the lenders check when doing their assessment?

When applying for reputable lenders, it helps when you have an idea of the things they will look into when you send in your application. Among these are:

  • Credit rating
  • Bank account statement
  • How much you’re earning and what your expenses are
  • Employment status
  • Centrelink income if you’re a recipient

Credit reports

Part of the assessment process that lenders perform is to take a look at what your credit report says.

Credit report bureaus gather details of your borrowing and financial history and make it into a compilation that makes up your credit report. Among the details contained in your credit report include:

  • Personal information
  • Details on the credit cards you currently own
  • Overdue credits and defaults
  • Arrears that were previously but have now been settled
  • Number of loan applications
  • Your repayment track record
  • Credit providers that have asked to secure a copy of your credit record

Bank statements

Lenders need to check if you can comfortably pay back whatever money they will loan you. This is why they will ask for access to your bank records.

In some cases, you can manually provide your bank account statements to your lenders. There are also those that can just access them directly online. You may likely be required to supply them with your bank details when applying for a loan.

Employment status

Lenders may also look into your employment status.

Employment checks are commonly performed by lenders before approving any loan application. This can involve calling your employer to check the current state of your employment with them.

Income and expenditure

Even if you have a sizable income, this is still not going to guarantee approval. This is especially true if your expenses are high.

They will generally use your bank statements to assess your income and your expenditure.

Centrelink income

There are creditors that will consider Centrelink benefits as regular income. They may require you to meet certain criteria, however, before you will qualify.

The creditors may also require you to supply them with the details of your myGov account upon sending your application.

I’ve been offered a guaranteed approval bad credit loan— What should I do?

If you’re ever offered a loan that guarantees approval, there’s a very good chance it could be spam. Lenders offering these types of loans are usually the dodgy ones.

You’ll want to see first if they are legit. Check the ASIC or Securities and Investments Commission website to see if they are listed as among the companies borrowers should ideally deal with.

If you think you’re dealing with a potential scammer, the best thing to do is to cut communication with the lender and report them to the ASIC.

Quick Approval Loans for Aussies

I’m on Centrelink and my credit is bad and I need a loan— what should I do?

When your credit is bad and you’re a Centrelink recipient, you’ll likely feel that your options are highly limited. Shady lenders know this too well and will likely take advantage of it. This is why they often target people who are in the same situation— offering guaranteed approvals to take advantage of how desperate their situation is.

If you’re wondering whether you can get access to emergency loans from legit lenders, the answer is a resounding yes.

There are lenders— legit ones, that can offer bad credit loans to customers that are Centrelink recipients. Generally, these creditors will evaluate your current situation to determine whether the repayments are something you can comfortably afford to pay for in relation to the Centrelink benefits you’re receiving.

A lender is willing to let me borrow $5000 with guaranteed approval

Steer clear from lenders that will offer guaranteed loans. Legit lenders are never going to guarantee approval.

The moment a lender promises you that they will guarantee approval of the loan, run away as fast as you can. They’re never worth doing business with.

Lenders like these are likely running a scam. Therefore, you’re better off staying away from them and reporting them to the ASIC the soonest you can.

Can IAFC offer loans for bad credit with guaranteed approval?

No. IAFC cannot and does not provide guarantees for approval. What we do offer, instead, is a lender-locator service that will help you find the right lender, hassle and stress-free.

IAFC’s automated system will start working minutes after you submit an application online. We will then scan through hundreds of credit products from our lender partners and locate a creditor that can possibly extend assistance to you.

Be assured knowing that all the lenders in our network are legitimate ones. They are all ASIC-licensed. Our lender partners can also potentially offer you a loan amount as high as $10000.

More importantly, IAFC will never work with any lender that will offer loans for bad credit borrowers with guaranteed approval.

Payday Vs Personal – Payday loans vs personal loans

Whilst IAFC cannot offer any guarantee that your payday loan request is going to be approved, we do promise to do our best to get you paired with the right lender who can possibly extend you a personal loan.

Whilst both products may be similar, payday loans are generally those small loans of $2000 and lower with repayment terms of 12 months or less. Personal loans, on the other hand, can be as high as $10000 and will generally come with repayments of as long as 24 months.

Most people consider payday loans as short-term alternatives. If your cash need is much larger, a personal loan may be the better option for you.

Can IAFC offer a guaranteed approval?

IAFC doesn’t partner with creditors that offer any guaranteed approval for the loan products they offer. What we do though is get you paired with lenders that can offer personal loans. More importantly, these are legit and credible lenders.

IAFC partners a large network of credible lenders that offer personal loans as high as $10000. Loans of this type can either be unsecured or secured.

Also, based on which lender you get paired with, the repayment term for the loan you’re offered can vary significantly.

How can I secure a fast loan with bad credit?

If you are looking for a quick loan when you have bad credit, it’s crucial to steer clear from shady lenders.

Instead, consider taking advantage of IAFC’s lender-locator service. It is designed to be simple and straightforward and the process involved is also streamlined.

Depending on when you decide to send in your application, you might even have an outcome in just a matter of minutes. This only applies, however, if you send in your application during normal working hours.

The moment we find you a lender, they will communicate directly with you. Depending on the creditor, they may be able to get the loan processed quickly. How soon you can get access to the funds, however, will depend on your bank’s transfer times.

Will a credit assessment be conducted?

IAFC isn’t going to conduct any credit checks. We’re only a lender-locator service, after all.

Some of our lender partners will also conduct credit checks.

Still, this doesn’t mean the end of the world for you if your credit is bad. This is because the lenders IAFC works with understand your situation and hence, will make a decision beyond what your credit score says.

I have a 550 credit score, can IAFC still help me?

We encourage everybody, no matter their credit and financial circumstances are, to try out or lender-locator service. It is free, after all.

If you’re wondering whether your 550 credit score is going to be approved or not, the decision will be up to the lender. We can only do what we can to get you paired with the right lender that can potentially offer you a loan. IAFC can’t assure you, however, whether you’ll get approved or not.

Is my information safe with IAFC?


We have partnered with Comodo and McAfee to ensure that the data and information you share with us on the site when you lodge a loan application will be secured at all times.

How is the loan repaid?

Your creditor will get a direct debit set up from your bank account. This means that repayments will be automatically taken out on a regular basis— based on the repayment schedule you agreed on.

Once the loan has been paid in full, the direct debit will also stop. This makes the whole process easy and convenient.

What do I do if I can’t make the repayments anymore?

There’s no telling when life will throw you a curveball. But it happens. In the event that your financial situation changes, leading you to have a much harder time affording the repayment obligation you have for your lender, your first move should be to get in touch with them as soon as possible.

Are there limitations on how I can use the loan?

Personal loans are the more preferred loan type among borrowers due to how they cover just about all of your personal expenses.

They can be used for a wide range of purposes. Need to pay for a rental bond? Need funds for your travel plans? Need funds to pay for a car repair? Personal loans are the right solutions for you.

Is providing my bank details really necessary?

Yes. You’ll be expected to provide your banking information when you apply.

The details will be used to access copies of your bank statements. This can also be used to assess not only your income but your spending habits as well. This gives lenders a good grasp of what your budget is. This also allows them to assess if the loan you’re interested in is within your means or not.

Failure to provide these details can likely lead to rejection of the application. If you’re concerned about sharing such sensitive details, note that your details are always going to only be seen by people that will require it to make a decision on your loan application.

Checking Your Finance – Why is my loan application rejected?

IAFC can’t answer this. After all, the moment you get paired with a lender, you will be dealing directly with them. Every lender will have their own loan assessment process and hence, the reasons for rejecting the application can significantly differ from each other. Check your finance and see if everything is in order. 

Sometimes, lenders will turn an application down if the qualifying criteria aren’t met. This may have something to do with your income, employment status, credit history and a whole host of other factors. You can always get in touch with your lender to find out the exact reason they have turned you down.

Do note that a failed attempt to secure a loan doesn’t mean you won’t be welcome to use IAFC again. You can always get yourself towards a more positive financial standing and try again to increase your chances of finding lenders that will offer you a loan fast.

Can I get access to bad credit loans with guaranteed approval from anywhere?


What’s great with IAFC is the fact that our lender-locator service is online 100%. It doesn’t matter where you are in Australia, you can apply for a loan any time. Doesn’t matter if you’re in Perth or in Brisbane, in the city or in the bush— you can lodge an application from our website any time. All you need is a device that can connect you to the internet and you’re good to go!

In addition, our site is live 24/7 so you can apply any time! We’re always here to serve even beyond business hours, although in those instances, you may have to wait until the next business day to get an outcome.

Contact us

Do you have questions about how IAFC works? Get in touch with us and we’ll have all these questions addressed and answered as best as we can.

Sell us an email at hello@iafc.com.au and our customer team will get in touch with you as soon as possible. Just note that we will be checking emails during our business hours, so you can expect a response within the same time frames as well.

Stay away from guaranteed approval!

Locating online financing has never been this easy at IAFC’s lender locator service!

Check out the FAQs for more details. You can also get in touch with us on our social media platforms.