Scared of being rejected by lenders because you have bad credit?

At Naked Loans, we believe you deserve a second chance. Whatever your circumstances. Whatever your history.

So we get you a great deal on a bad credit car loan. With no fuss, stress or judgement.

Drive away in no time at all with a loan that’s the right fit for you.


We help you compare your options, so you can be confident you’ve get the right loan for you. One that could save you big time over the life of the loan.

We’ve helped thousands of Aussies just like you get finance

Offering Everyone a Second Chance with Bad Credit Car Finance from Naked Loans

If you have a poor credit history and have tried to apply for finance before, the chances are you’ve probably found it hard to get approved or you might even have faced several knockbacks before giving up entirely. At Naked Loans, we understand that credit ratings can be negatively impacted for a number of reasons and that some of these might be beyond your control. Life can throw challenges in at any time and these can sometimes have a snowball effect on your finances and your ability to pay bills. Changes to relationships, health issues, job changes and lots of other circumstances can put us off course at times. Your eligibility for credit may even be influenced by your partner’s financial status if for example you have a joint bank account. Whatever the reasons, if you find yourself struggling to get approved for a car loan, Naked Loans can help you. We specialise in securing finance for people with a negative credit history and have lots of experience in organising car loans for people with bad credit. With a range of lending partners and the ability to look at your application in its own right, taking your specific circumstances into account, our team is best placed to get you a bad credit car loan when you need it.

Why Naked Loans is the best company to organise your no credit check car finance

Over the years, we’ve helped thousands of Australian residents to buy a car and get on the road again. The skills and experience of our team allows us to work with 30 different lenders, giving us access to a wide range of finance packages meaning we’re more likely to find the best arrangement that suits your circumstances. This list of lenders includes companies that don’t deal directly with the public or other brokers. We’ve developed exclusive relationships to give our customers access to some of the best deals. By choosing us to work on your behalf to apply for a poor credit car loan, you’ll avoid potentially further damaging your credit rating by making lots of hard searches that’ll flag up on your file. We don’t charge you for our services, so you won’t have to part with any cash to get our help. Because we deal with the lender directly, you’ll benefit from a fast approval process and the ability to track your progress online.

Questions we often get asked about bad credit car loans

Absolutely yes. A poor credit rating does not automatically mean you’ll be turned down for a car loan. It just means that you could be better off working with a specialist broker like Naked Loans who can guide you through the process. 

There is such a thing as no credit check car finance but it can be really hard to find lenders who offer this type of car loan. You’ll usually find that interest rates are very high due to the risk attached to lending to someone without running a credit check and you’re often required to put down a large deposit so it can end up being an expensive option. 

A bad credit car loan is a type of finance that acknowledges a poor credit history but doesn’t rule you out on that basis. You can still be approved for this type of loan even if you’ve experienced circumstances like bankruptcy in the past. You might find that interest rates are higher as the lender calculates your level of risk based on the information they receive but it doesn’t mean that your application for finance will be rejected. 

As we’ve outlined, a bad credit history doesn’t rule you out of being approved for credit. It just means that you may need to shop around a bit more. We recommend working with a specialist like Naked Loans who employs highly experienced Loan Specialists that secure credit for Australians with a negative credit history every day. Having an expert to guide you through the process will help keep the process as stress free as possible for you and free up your time to spend searching for your dream car.

While there aren’t ever any guarantees when you apply for a car loan, your chances are greatly increased when you work with an experienced broker who can help you prepare your paperwork and access lenders that you wouldn’t otherwise be able to apply to. You’ll also have access to the best rates and terms based on your circumstances when you work with Naked Loans. We can tailor your application and the loan offers available based on your needs. For example you might want a finance package with the flexibility to make additional repayments. If this is the case, we can build that in for you.

It’s good practice when you’re thinking of taking on a new financial responsibility to total up your monthly incomings and outgoings so you have a clear picture of what you can afford. Once you’ve got a clear idea of what you have left each month, you can use our car loan calculator to look at how much you want to borrow. This will give you an idea of what your monthly repayments will be depending on how much of a deposit you want to put down, whether or not you want to make a balloon payment at the end of your loan term and the interest rate you’re likely to be eligible for.

As with any finance product, taking out a car loan can help you to improve your credit rating providing repayment terms are met and payments are made regularly and on time. There are additional steps you can take to demonstrate your responsibilities when it comes to finances such as making regular deposits into a savings account, even if these are small amounts. Before making any applications, check that all the information in your credit report is correct. Sometimes there can be errors and inaccuracies so it’s beneficial to check this and make sure it’s a true reflection of your current circumstances.

Yes you can. Depending on what type of payment you receive from Centrelink, we can help you submit an application and get approved for car finance. Our Centrelink car loans are available up to $10,000. Currently, we can support people in receipt of aged pensions, parenting pension, disability pension and carers pension. Although we can’t offer application support to individuals under Newstart or Jobseeker benefits, we regularly look at new opportunities with lenders so keep checking to see if this becomes available.

Depending on your circumstances, there may be a number of loans you’re eligible to apply for. If you don’t have a lot of documentation that can demonstrate your income, a low doc car loan may be a good option for you. This type of application works by looking at alternative evidence to prove your eligibility and check you can afford repayments. This other evidence can include bank statements and business activity statements. One of our dedicated Loan Specialists will be able to support you through the process and explain in detail what’s required to apply for this type of finance.

One of our friendly and professional team members will be able to talk through your options when it comes to a refinancing car loan. It may be that you can free up cash flow by weighing up this option but it’s important to discuss this with an expert before committing to a package. There can be additional fees involved such as early exit charges from your existing loan provider so assessing the pros and cons is a worthwhile exercise.

The deposit you put down on your next car will depend on your personal circumstances. If you want to go for a no credit check car loan, a large deposit is often needed for approval. A member of the Naked Loans team will be able to make a recommendation after looking at your current situation.

If you want to find out more about what your options are for taking out a car loan if you’ve struggled to be approved for finance before or you don’t have much of a credit history on file, you can talk to one of our expert team members today. To get in touch, you can call us on 1800 438 62533. You can also email us with any questions or to make a general enquiry at We’re on the usual social media channels including Facebook, Instagram and YouTube so drop by and say hello next time you’re browsing. 


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