For bad credit personal loans and more,
let us find you a lender.

For bad credit personal loans and more, let us find you a lender
Looking for Loans? We’re the Lender-Finder You’ve Been Looking For

Looking for Loans? We’re the Lender-Finder You’ve Been Looking For

How can I get fast loans?

Personal loans in Australia are fast becoming the most preferred line of credit to get quick and easy access to cash. When the unexpected strikes, and you’re low on funds, personal loans could be an available option to get your life back on track. Pocket Cash can help you get there!

With loans, you can improve your home, buy appliances, purchase assets, pay bills, fund your kids’ education or consolidate your debts. In short, a personal loan provides a breather every time you’re a bit tight on cash.
If you think you could do with a cash injection, why not consider applying right here. Pocket Cash is the lender-finder Aussies are turning to cut out the hassle of finding a suitable lender. Pocket Cash is the middle-man between you and your next lender. So, if you’re looking to borrow between $2,100 and $10,000 apply with Pocket Cash today!

What are personal loans?

Personal loans are a type of finance option that is available to individuals. You can borrow money from institutions or online lenders without any precondition on how you are going to use it. The repayment period typically stretches over 1 to 5 years with weekly, fortnightly or monthly payment instalments.

Personal loans are to meet the personal need for money and a lender. While the lender provides the cash flow with the interest rate and repayment conditions, you retain the flexibility to use it as you want. When you apply for a loan, a lender may ask what it will be used for. This is so that they can assess whether a loan is the most suitable product for you.

A lot of loans are unsecured, meaning you don’t have to attach any collateral as security. An unsecured loan is therefore based solely on the borrower’s creditworthiness. Pocket Cash can find lenders offering both secured and unsecured, good and bad credit personal loans up to $10,000.

What does approval depend on?

If you are applying for personal loans, your chances of getting approved are subject to the following factors.

Credit score: It tells about your debt-to-income ratio and the past history of repayments. A higher credit score means you have a better chance of approval.
Earnings: It is important to find out your ability to make repayments.
Financial liabilities: If you are already in debt, you may face enhanced scrutiny.
Employment status: If you have a job, the chances of approval may be higher. If you are self-employed, you need to show a regular income inflow to improve your chance of getting approved. An unemployed can also get personal loans but may have limited choices.

What can I use a personal loan for?

Personal loans have a whole heap of different uses! Many lenders may offer complete flexibility of end-use. By definition, a personal loan is designed to cater to your personal expenses.

When it comes to the uses, your mind might immediately think of emergencies. Yes, you can use personal loans to fund emergency expenses such as medical bills to give you the breathing space you need.
However, they don’t necessarily have you used for these unfortunate situations. You can use personal loans to treat yourself. Whether you need a bit of extra cash for that holiday you’ve been dying to go on or you want to fund the wedding of your dreams – Pocket Cash can find you the perfect lender!

For more information you can visit the ASIC Moneysmart website!

What are the pros of personal loans?

Personal loans are a popular option for being easy to apply and fast to be approved. A well-informed application and planned repayment schedule can help you get the maximum benefit out of it.

A personal loan can offer up the following advantages:

  • These are all-purpose loans that can be used to meet any type of financial needs.
  • You can use a personal loan to consolidate debt, credit-card loans and pay existing liabilities.
  • A personal loan has lower interest and longer repayment duration compared to payday loans and credit card loans.
  • In most cases, there is no need for any collateral. You have the flexibility of its end-use.
  • A low-interest personal loan is apt to pay off the high-interest debt.
  • You have a range of lenders, including banks, credit union and online lenders, to consider.
  • It is not impossible to borrow money in Australia without a job or a good credit rating.
  • Faster approval process, longer repayment duration.

How can Pocket Cash help?

Your journey to getting a personal loan starts here! Here’s how you can get started using the Pocket cash lender-finding service:
Step 1: Apply online
Our loan application is super simple! Simply scroll to the top of this page and select the amount you’d like to borrow and the repayment period and then hit ‘Apply Now.’ You’ll then be taken to our 100% online application form. This usually takes only a couple of minutes to complete for most people as we’ll only ask you some basic information about you and your circumstances. Once you’ve finished hit submit and let Pocket get to work!
This application can be done anytime, anywhere as long as you have an internet connection.

Step 2: We’ll be in touch
Once we’ve received your application we will take your information and cross-check it with our lender partners. If we can find a suitable lender to provide you with a loan you need, then they will be in touch. This can take only a few hours if you apply in normal business hours.

Step 3: Meet your lender
if we find you a lender to meet your needs, we’ll be in touch. We will then connect you directly with your lender so you can discuss the arrangement in more detail. You’ll then most likely be sent a loan agreement to review and sign. make sure you carefully read through the agreement to make yourself aware of any fees or charges for late payments.
Once you’ve carefully read your agreement send it back to your lender and wait for your cash to be transferred.

Can I apply for loans online?

Yes, you can! Pocket Cash is 100% online meaning you can apply from the comfort of your own living room. This means no more lining up in lengthy queues or printing out mountains of paperwork. It’s fast, it’s easy, it’s as simple as that!

How can I get a loan with bad credit?

There are multiple ways you can apply for a personal loan when you have a poor credit rating. You may want to look into the following:

  1. Apply with lenders offering bad credit loans, which are specifically designed for those with poor scores.
  2. Explore the option of personal loans with no credit check.
  3. Make your income the basis of the loan application and prove that you can stick to the repayment schedule and pay back the loan.
  4. Arrange a co-applicant, co-signer or guarantor when applying for personal loans.
  5. Opt to use an asset as security.
  6. Join a credit union.
  7. Improve your credit rating with low credit utilization and debt-to-income ratio.

Pocket cash can find a lender who provides bad credit personal loans!

Can I get a loan if I am receiving Centrelink?

It is possible for a Centrelink recipient to get personal loans from short-term lenders and financial institutions. You need to present the proof of receiving it continuously for at least a few months.

However, approval may vary subject to the consideration of a lender and individual situation of the borrowers, as Centrelink offers a variety of allowances. Lenders usually consider carer, disabled, veteran, parenting, rent assistance and A and B family payments as income and allow loans against them. But lender consideration differs for other types of benefits and what one accepts another may not.

When you have extensive financial liabilities or debt, it becomes difficult though not impossible be approved based on Centrelink benefits. Pocket Cash can find lenders who offer personal loans for Centrelink recipients.

How do you get approved for a loan?

With some smart work on the financial and credit front assuring the concerns of a lender, you may be able to get approval. If you have an apprehension that your application may be rejected, consider the following points:

  • Go through the detailed eligibility criteria and make sure you fulfil all conditions.
  • Research well to find out the most suitable lender.
  • Pay attention to residency, citizenship and visa requirements for granting personal loans.
  • Check if there is any income or credit rating requirement and whether you meet that.
  • Make sure you don’t have any debt or liability that may dissuade a lender from giving a loan.
  • Use online calculators to see the approximate amount you are eligible for and apply within that range.
  • Let lenders find you have a good track record of savings and loan repayments.
  • Demonstrate that you can manage your financial affairs well.
  • Get a co-signer and prefer short-term loans.

Am I eligible?

Applying with Pocket Cash is super simple! You just need to meet a few basic criteria requirements. To apply you must:

  • Be 18 years of age or over;
  • Be an Australian citizen or permanent resident;
  • Have received a regular income into a personal bank account for the past 90 days;
  • Have a valid phone number and email address.

How can I improve my chances of getting a loan?

Pay attention to factors that lenders take into account while disbursing personal loans to improve your chances of getting a loan. Here are a few ideas for boosting the chance of getting loans approved that you may want to consider.

  1. Ensure you have good creditworthiness. Check your credit card and take steps to improve it. Clean your credit history of any error.
  2. Clear your debts. Debt repayment is 75% of your credit score.
  3. Ensure you don’t have any utility bills pending before starting your application.
  4. Consider having a co-signer with a good credit report.
  5. Find out a lender who has a history of lending to individuals similar to your case. Chances of rejections are more when you are not sure if the lender is apt for you. Take time to research and single out the best fit.
  6. Plan your spending well and develop a habit of savings.
  7. Take steps to reduce the debt-to-income ratio and establish that the majority of your income is not washed off on debt servicing.
  8. Stay up to date on utility bills.

Ready to apply?

Ready to apply? If yes, then all you need to do is head to this top of this page to apply and we’ll get to work trying to find you a lender.
If you have more questions, head over to our FAQ page or ask us a question here.

Want to know where you can find personal loans no credit check? Pocket Cash has the details!

Why choose Pocket Cash?