Struggling to get a car loan because of your bad credit history? You’ve come to the right place!
Getting a car loan with bad credit can be frustrating and stressful, especially when a reliable vehicle is essential for your daily life.
Repeated rejections can leave you feeling stuck, with a limited loan option and mounting financial pressure. The good news is, we can help!
With Naked Loans, you can get the car financing you need, even with bad credit. We work with 30+ lenders , comparing hundreds of options to secure the best financing (even if you’ve been rejected by a bank).
With years of experience, award-winning service, thousands of successful loans and a 95% approval rate, every borrower can feel confident they’re in good hands!
Loans Up To $100,000
Secure a bad credit car loan up to $100,000 with a competitive interest rate, no deposit and flexible terms to suit your needs. Most of our car loans have a loan term of 2 to 7 years.
Fast & Free Approval
Get your new car finance approved in 48 hours with no cost for our service! We’re paid by the lender once you get approved, meaning you don’t have to pay unless we can get you a loan.
All Vehicle Types
We provide car finance even with bad credit for all types of vehicles. You can buy a new or used car from a dealership or a private seller. The choice is yours!
Rated 4.9 out of 5 by hundreds of customers, with a 95% loan approval rate.
If you meet these basic requirements, you can apply for a bad credit car loan today! We look at your current situation, not just the reason for your poor credit history.
Regular Employed Income
You have consistent income from your job and can show that you have the ability to reliably cover your loan repayment.
18+ Years Old
You’re over 18 years of age, are an Australian resident with stable living arrangements and a decent financial situation.
Loan Amount
You are looking for a realistic loan amount (based on your situation), with vehicle finance between $5,000 - $100,000
Credit History
No current outstanding or overtly concerning default issues on your credit report that lenders need to assess.
Ready to start your car loan? Apply online in under 30 seconds!
Bad Credit Car Loans Calculator
Want to see how much your loan would cost? Use our car loan calculator to estimate your loan repayments based on your chosen term, repayment amount, and maximum loan term options.
Bad Credit Car Loans: How It Works
Secure your new car in 4 easy steps.
1. Application
Complete the online application form in just 10 minutes. Once complete, this gets assigned to one of our car loan brokers.
2. Assessment
We prepare your car loan and send it to the lender. Once approved you choose your vehicle, and we send the invoice to the lender.
3. Contracts
You sign the lender contract, we compile the docs and double check everything—whether it's a secured loan or another product—then send it back to the lender for settlement.
4. Settlement
The lender settles the contract, we obtain the settlement advice, send it to you and the vendor, and then you celebrate your new car loan!
Why choose Naked Loans for a bad credit car loan?
Bad credit loan specialists.
We specialise in bad credit loans and have helped thousands of Aussies with a bad credit score get approved in as little as 48 hours.
Get the lowest rate.
We have access to over 30+ lenders to get you the best rate, including a lot of loan options that aren’t available to the public or other brokers.
Award winning support.
We’ve won multiple awards for our customer service. We don’t just get you approved, we help you every step of the way, even if you have a bad credit history.
No impact on credit score.
Applying does not affect your credit score. Enquiring for bad credit finance is fast, easy and costs you nothing, since we’re paid by the lender!
Applying is free, fast and does not affect your credit score!
Protect Your Credit
By choosing Naked Loans not only will you have access to the best deals, you’ll also avoid damaging your credit rating with hard searches that show up on your file.
No Obligations
Just want to see your options? If you apply for a bad credit car loan with Naked Loans there’s no pressure or obligation, and it costs nothing to see where you stand.
No Deposit Required
When you work with our team you don’t have to put a deposit on your new car in order to get a bad credit car loan. You can if you like, but it’s not compulsory!
Skip The Guesswork
Our team knows what different lenders are looking for and how to increase your chances of getting approved for bad credit car finance. You can also track your progress online in real-time!
You’ve read this far… time to get started! Click the button to start your bad credit car loan application.
Learn More About Bad Credit Car Loans
Blog
Bad Credit Finance FAQ
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We help you get vehicle finance for both new and used cars, as well as sales from a private seller.
We can also help with:
Motorbike loans
Truck loans
Caravan loan / RV loan
Boat loans
Business car loan
Secured car loans
We can help you get approved even if you have a low credit score.
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After you've contacted us, we'll give you a call to explain the next steps.
Some information we may require from you include:
Bank statements
Credit file history
Current credit card loans
If you're worried about your bad credit rating / poor credit history, don't be. We help people in your situation every day and there is no judgement or cause for concern.
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We specialise in car financing. Whilst we can provide general advice, we don't offer services for a:
Personal loan
Home loan
Commercial loan
Business loans
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Sure can! If you need more information on leasing a car, click here to contact us.
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The interest rate you pay on a bad credit car loan will vary depending on your circumstances and financial situation.
We have access to over 30 lenders to find you the best deal, and then our team will show you the options so you can choose.
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You can apply for a bad credit car loan by submitting an online application here. Our team will assess your situation, explore your options, and guide you through the process to help you secure the best possible deal.
We specialise in car loans bad credit Australia, so you're in good hands no matter your financial history.
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At Naked Loans we do a credit check for verification purposes, but it does not show up on your file.
If you were to do it yourself it WOULD show up and affect your credit score, which is why it's always a good idea to go through our team instead.
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Yes, you can. You can also buy it from a dealership or a private seller. We will assess all these factors during your application process and will let you know if there are any details specific to your situation (such as interest rates, residual value etc)
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Whilst we have an approval rate of 95%, we cannot guarantee anything (and be cautious of any broker who does). Each lender assesses your application differently and as a result, the outcomes vary.
However, by working with Naked Loans we improve your chances of getting approved and make your application as attractive as possible.
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When assessing your application, the lender will generally consider a range of factors to decide whether you are suitable for a loan such as your credit history, any previous credit issues, current debt, the loan amounts and your income vs expenses.
This helps them assess your financial situation and if you can cover the monthly payment (whether it's a secured car loan, a personal loan, low doc car loan or whatever you're applying for).
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At Naked Loans, we help with more than just car finance.
If you're looking beyond a vehicle, we can also assist with an unsecured personal loan for things like debt consolidation or travel, as well as secured loans where an asset is used as collateral.
Additionally, if you need quick access to funds, we offer a cash loan for short-term financial needs.
We even have access to construction loans if you're planning to build.
Your credit history doesn’t have to hold you back from exploring the right option for your situation.