Online Payday Loans for Bad Credit | $100 to $10,000 | Apply Today!

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The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Online Payday Loans for Bad Credit

Online Payday Loans for Bad Credit

Looking for online payday loans for bad credit? 

Do you need a quick solution to your cash flow problems? Online payday loans for bad credit could be your answer!  If you’ve been knocked back by the bank, Pocket Cash could match you with a lender willing to give you the cash you need. When the bank says ‘no,’ Pocket cash can find lenders who say Yes! So if this sounds like something you’d be interested in, keep reading. We’ll cover the in’s and out’s of payday loans, as well how it works and eligibility requirements!  

What are payday loans?

You might not be aware of this, but payday loans are actually illegal in Australia. Traditionally, payday loans were small loans that were to be repaid in 2 weeks. That was before the legislation was brought in to protect consumers from predatory lenders. These days, the closest thing to a payday loan is a Small Amount Credit Contract (SACC) or as we refer to them, small personal loans. These are loans up to $2,000. Instead of having two weeks to pay these off, Pocket Cash finds lenders with flexible repayments terms up to 12 months. 

Pocket Cash: What do we do? 

You might be wondering what Pocket Cash actually does. Firstly, Pocket Cash does not provide loans. Instead, we offer a convenient way of finding a lender willing to approve your loan application. How? When you apply with Pocket Cash for online payday loans for bad credit, we will show your application to a number of different lenders to give you the best chance of approval. This will save you time and effort from submitting multiple loan applications. 

You’re probably wondering what the catch is? There isn’t one! Our lender-finding service is completely free. You won’t be charged a fee by your lender by applying through us either. There isn’t any reason to hesitate. If you meet our eligibility criteria you can apply today! 

Can I get approved with bad credit? 

Yes, you can! Bad credit might spell bad news when applying for a loan with a traditional lender like a bank or credit union. But thanks to the introduction of online lenders, there is a multitude of borrowing options for people with bad credit. Pocket Cash can match you with a lender willing to look past your credit score. 

Of course, we cannot guarantee we will be able to find you a loan. The lenders we send applications to, all follow responsible lending guidelines. This means they can’t just lend to anyone. They have to conduct a full assessment of your application which will most likely include a credit check.

Will you conduct a credit check? 

The short answer is no, Pocket Cash will not conduct a credit check. This simply comes down to the fact that we are not a lender. It is likely, however, that the lender we potentially match you with will conduct a credit check. This is because conducting a credit check is one of the necessary requirements included in the responsible lending guidelines. 

The reason you’re probably searching for ‘online payday loans for bad credit’ is that you have a less than perfect credit score. A bad credit score could be the result of a financial mistake you made up to 7 years ago. We don’t think this paints the entire picture. If you’ve shown that you’ve been responsible with your money as of recently, this could give lenders a reason to approve you. 

What loans can I get?

Pocket Cash can find applicants loans between $100 and $10,000. However, there are generally said to be 3 types of personal loans. These are small, medium and large personal loans. The table below shows an example of the requirements of these loans. 

Loan TypeSecured OptionsLoan amountLoan term
Small Bad Credit LoanUnsecured$100 to $2,00012 months
Medium Cash LoanCan be Secured$2,100 to $4,60013 to 24 months
Large Personal LoanSecured$5,000 to $10,00013 to 24 months

Disclaimer: This is just an example. Every lender differs in terms of loan options

Am I eligible for online payday loans for bad credit?

At Pocket Cash, we have a set of basic eligibility criteria that you’ll need to meet. So, to be eligible to apply for online payday loans for bad credit, you must

  • Be over the age of 18;
  • Be an Australian citizen or permanent resident;
  • Have a regular income into a personal bank account for the last 90 days;
  • Be able to provide a valid mobile number and email address;
  • Have internet banking set up. 

What documents will I need? 

When you submit an application, we’ll just need to grab a few details from you. Nothing major, this is just so we can send them off to a potential lender to assess. All documents are to be submitted 100% online. That means no printing and definitely no trips to the bank. You can apply from the comfort of your own home! To apply, you’ll need: 

  • Personal info (e.g name, DOB);
  • Online banking info;
  • An active email address and mobile number;
  • The reason for your loan;
  • MyGov details (if you’re receiving Centrelink benefits);
  • Employer and contact details.

How do I apply?

Applying for ‘online payday loans for bad credit’ through Pocket Cash couldn’t be easier. You’ll just need to follow the few simple steps we’ve provided below:

Step 1: Apply online

To begin, scroll up to the top of this page. Select an amount and a repayment period using the slider. Then simply click ‘Apply Now.’

Step 2: Fill out the application form

You’ll then be taken to our application, but don’t worry! It should only take you a few minutes to fill out. You’ll just need to provide the detail we mentioned in the ‘what documents will I need’ section. Make sure to answer every question, as honestly and thoroughly as possible. When you’re finished hit ‘Submit.’ 

Step 3: We’ll search for a lender

Once we’ve received your application, we’ll get to work. You can sit back and relax while we search for a lender. We will show your application to a number of lenders to give you the best chance of approval. If we’ve found you a suitable lender, we’ll put you straight in touch. 

Step 4: Sign your contract

Your lender will then conduct an assessment of your application. If approved, they’ll send through a contract for you to review and sign. We recommend reading this thoroughly to make yourself aware of all the terms (i.e interest rate, fees). When you’re happy, sign your agreement and send it back to your lender (online). 

Step 5: Get your cash

Once your lender has received your contract, they’ll transfer you your cash. If you have an NPP-enabled bank account, you could have the cash in your account and ready-to-use in just 60-seconds!  

If you have any questions you can either visit our FAQ page or get in touch with the Pocket Cash team for more info.

Why choose Pocket Cash?