Personal loans

Credit made for you

Low credit score

Trusted by thousands of Australians

Estimate your

Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

6.25 %

Comparison rate3

7.64 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.

Low Credit Score Personal Loans

Want to find out more about low credit personal loans? Whether it’s for emergency car repairs, unexpected medical bills, a personal loan for debt consolidation, or something more exciting like a holiday or a new car, there’ll be times in your life where instant loans could come in handy. But what do you do if you have a low credit score?

Can I get low credit score personal loans?

Although a low credit score can mean it is harder to get a personal loan, it is not impossible. Some lenders offer personal loans with no credit check at all, but these no or low credit score personal loans tend to be much more expensive. You may be wondering, ‘Are low credit score personal loans right for me?’ and ‘Is a low credit score personal loan risky?’ Before taking out a low credit score personal loan, it is worth weighing up all your options. From a variable rate personal loan or a variable rate personal loanlong term personal loans or short term loans, and small loans to larger loans there are many different types of personal loans to choose from. 

At MoneyMe, we like to look at the whole picture rather than focusing only on your credit score when assessing your loan application. Although we will carry out a credit check, we don’t automatically decline anyone who has a mark on their credit file. We consider a range of other factors too such as personal and employment information, income, and financial obligations as well as your everyday living expenses. This gives us a more accurate risk assessment and, if your loan is approved, we can use this information to arrive at rates and loan terms that will be tailored to your personal circumstances.

A better way to assess your credit history

The other good news when you are looking for low credit score personal loans is that the new Comprehensive Credit Reporting (CCR) means money lenders, such as MoneyMe, are now able to see both sides of your credit history. In the past credit reports were only used to show the negative factors such as your past defaults and late repayments, as well as credit enquiries. The new CCR also reflects the positive factors such as when you make repayments for a small personal loan on time. So if you’ve maintained a current payment plan to help you manage any debt, we’ll be able to see the progress you are making. This can also benefit you in the future as if you make your repayments on time, your credit score will get stronger which will mean you can get lower rates on future loans. 

At MoneyMe, we like to reward our customers for good repayments. And if we have declined your loan in the past because you have a poor credit history, are in a debt agreement, or are bankrupt, you can always apply again at a later date if your situation has improved. 

In addition to your credit report, MoneyMe will also ask you for your online bank details. By using technology, we get access to read-only snapshots of your banking activities for the last 90 days. We will not be able to make any changes to your account or have access to your passwords or PINs. Your bank statements will be provided to us through a secure and trusted portal that uses the same security level encryption that your bank uses, so you can rest assured that your data will be safe.

Fair and transparent lending

MoneyMe is big on responsible lending, so we will only lend in situations where we think you will be able to comfortably meet your repayments. To help you work out which loan is best for you, you can check out our free online loan calculator. Simply submit how much money you want to borrow, your preferred loan payment period and frequency, and a quick description of your credit history. You’ll then receive an estimate of your repayments, interest rates, and fees. This will help you to determine whether you can afford to take out the loan. It will also be useful when doing a personal loan comparison between different lenders in Australia to decide which bank is best for low credit score personal loans and what other options are available to you.

If you are looking for low credit score personal loans, MoneyMe’s easy loans could be a great alternative. MoneyMe provides quick cash loans of up to $50,000. You can apply for our low rate personal loans online with no fuss and no paperwork in a matter of minutes. And once your loan application is submitted, we use the latest technology to ensure you’ll receive a fast outcome.

If your loan gets approved, depending on who you bank with, your money should be in your account in around an hour. If you apply outside business hours it could take a little longer. If you have any questions about our personal loans online, our team is available to assist you via phone, email, or online 7 days a week!

Our customers

Low credit score

Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.

After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

6.25 %
to 19.95 %

Comparison rate*

7.64 %
to 21.32 %

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees


*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. 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. A $495 establishment fee and $10 monthly fee applies.

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