Bad Credit loans for imperfect credit

Credit bumps happen. We’re here to explore lending options that look beyond the score. Ask about bad credit loan choices that fit where you’re heading. Apply online in just minutes.

Bad Credit Loans

Ways to borrow

Bad credit loans – the nitty gritty

Even if you’ve had credit troubles in the past, we may still be able to help you find finance that fits your situation. A bad credit loan can also be a chance to rebuild your credit by showing a solid record of on-time repayments. It’s important to be across the fees and interest rates, so you know exactly what to expect.

$15,000
48 months
10.95%

Loan Calculator

$92

Weekly Repayments

$400

Monthly Repayments

$19,200

Total Amount Repayable

The repayment amounts shown include Establishment and Introducer fees totaling $495 and a PPSR Fee of $8.05. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender.

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Smart Borrowing

No matter your track record, our team can provide solid advice. They know loans aren’t just about the money; they about your lifestyle. 

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Personalised service

Our team will work with you to find a loan solution that suits your needs, whether that’s secured or unsecured.

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Quick, No-Stress Loans

We do the heavy lifting and move fast—so even with bad credit, you can get the loan you need without the hassle.

We’ve helped 60,000 Kiwis turn “Stuck” into “Sorted.”

Bouncing back from bad credit

A bad credit loan is for people who’ve hit a few bumps with credit but still need access to finance. Depending on your situation, it could be secured (using something like a car as security) or unsecured. Lenders will still check that you can afford the repayments, and making them on time can actually help you rebuild your credit over time. It’s a realistic option if your credit’s not perfect but you’re ready to move forward.

Bad Credit Loans

FAQ

Bad credit loans - the details
Being better informed makes for better decisions. Have a question or two? Check out these helpful FAQs or get in touch with the team.

How does credit history affect loan repayments?

Your credit history plays a big role in how much you’ll pay back on a loan. A strong credit history often means access to lower interest rates and better loan terms, which can reduce your overall repayments. On the other hand, if you have a patchy or poor credit history, lenders may charge higher interest rates to offset the risk — which can make repayments more expensive over time.

Can I borrow money with a bad credit score?

Yes, it’s still possible to borrow money with a bad credit score, but your options may be more limited. better finance™ specialises in loans for people with less-than-perfect credit. While the interest rates might be higher and loan terms tighter, having a steady income and meeting basic criteria can help you qualify. It's also a chance to rebuild your credit by making regular, on-time repayments.

What interest rates apply to bad credit loans?

Interest rates for bad credit loans are typically higher than standard loans due to the added risk for lenders. Your rate will depend on factors like your credit score, income, and loan amount. We’ll always aim to match you with the most competitive option available for your situation.

Are there fees with bad credit loans?

Yes, there can be fees such as an Establishment Fee, Introducer Fee, or ongoing account fees. We'll explain all the fees associated with your loan so you know exactly what you're getting.

What are bad credit loans and how do they work?

Bad credit loans are designed for people with a poor or limited credit history. They work like any other personal loan — you borrow a set amount and repay it over time with interest. Lenders assess your income and ability to repay rather than relying solely on your credit score.

*Fixed interest rates for vehicle loans range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. Fixed interest rates for personal loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $10,000 over 24 months at 9.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $11,627 which is 24 monthly payments of $485. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. See more about lender fees here.

Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan.
Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.