Bad Credit

Having a tainted credit can seem like a burden when trying to secure finance. Here at better we look at things a little differently. Run your numbers and apply online in just minutes.

6.95% - 15.95% p.a.

Interest Rate Range - disclaimer: The actual interest rate charged to you will depend on your personal circumstances, the type of lending required, the security provided and is determined by the lender. Standard lending criteria, terms, conditions and fees apply, including an establishment fee of up to $995 applies.

Illustration-credit

Our benefits

The better way to get finance sorted

Low Fixed Interest Rates

From the least to the most you could expect to pay, we tell you straight away. No hidden rate ranges. No surprises.

Zero Hidden Fees

No hidden finance costs. Understand your offer before you commit. We believe in keeping lending simple.

Save On Interest Costs

The better way - Make lump sum payments when it suits you. Pay off your loan faster and save interest. That’s better borrowing.

Have a question or two?

Being better informed makes for better decisions.
Check out our handy FAQs and get in touch if you’d like to know more.

We’re minutes fast.
We keep it breezy

We built our approach with you, and your time, in mind. If you’re looking for a fast approval decision, we can have an answer in minutes. Plus, at better there’s no need to email bank statements or copies of your ID - our smart tech does the work for you, saving you time and hassle. From our quick three-minute application, right through to transferring the funds, we’ve got your time in mind.

Illustration-5

We add the
personal touch

We hand-picked our 20+ team with some important attributes in mind: experts at structuring loans for individual needs (of course), and folk that love chatting with customers, to get to the heart of what will work for their specific needs.

 

When you apply with better, you’ll get a call from one of the team to talk through your needs and discuss your personalised rate. It doesn’t take long, but in our book, it’s the most important step in making sure you get the best out of better lending.

Illustration-4

We champion
better-borrowing

We took a good look at lending, and came up with something better.

Like to pay off your car loan faster? We’ve designed loan features to help you do just that. Like to know what you’re signing up for with no hidden surprises? That’s how it should be. And like to put your money on principle and interest, not a long list of ongoing fees? We agree – there’s no ongoing fees with better; not one.

Illustration-glass

What can we help
you make happen?

Big goals, personal possibilities and everything
in between. How can we help you?

  • Apply in three minutes
  • Fast application decisions
  • Smart loan features to help pay off debt faster
  • No deposit finance available
  • Leading low interest rates and no surprises
  • Funds transferred in less than 24 hours
Illustration1

FAQ

Bad Credit – 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.

Can I get a vehicle loan if I have poor credit history?

Bad credit can seem like a burden when trying to get approved. A vehicle loan does help mitigate some of the risks from a lender when providing finance as there is collateral to claim against if the loan is unpaid.
Although being offered finance is not a given, a vehicle loan does open more options when there is a vehicle to use as security. 

How much can I borrow?

Our minimum loan amount is $3,000 and maximum is $100,000. How much you can borrow within this range depends on your personal circumstances and affordability. It’s important to borrow only what you need and to ensure you can comfortably meet your repayment obligations for the term of your loan. Our team is expert at helping you determine your personal borrowing sweet spot.

What interest rate do you offer?

The interest rate of a loan is determined by a multiple of factors and rates can vary between different loan purposes and finance applications. 
Generally the better your credit scoring and strength of application the lower the interest rate you would be offered. Also a big contributor to interest rate is whether a loan is secured against a vehicle or unsecured. To find out more, you can apply online and we will be in touch to discuss your application.

Can I refinance an existing vehicle loan?

Using innovation and smart technology we can have loans funded on the same day as approval. 
Banks have their own processing times for the money to show up in your account, but usually received that same night.

What fees does better charge?

Can I refinance an existing vehicle loan?

Yes. You can refinance your loan to a different lender even if you have finance secured against a vehicle. 
Refinancing can be a good option to reduce your annual interest rate, saving you money in the long run and helping to pay off your debt faster.
Make sure you consider fees to repay your existing debt early, and any additional fees in securing the new finance.

Have a question? We’re here to help

Our 20+ strong team are better-borrowing champions – we’re for any questions, big or small.

Or request a call here:

One of the team will call you asap within business hours

1.* Rates of 6.95% subject to lending criteria and eligibility. 1 hour approval and same-day payout subject to the applicant meeting the lending criteria and supplying all the required information to process the loan application.
2. Our lender will independently assess whether you are eligible for a loan. We don't provide advice on whether a particular car loan offered by a lender is suitable for you.

 

Fixed interest rates range from 6.95% p.a. to a maximum if 19.95% p.a. on a minimum 12 month to a maximum 60 month loan term. A loan establishment fee of up to $995 applies.
Example: A loan of $5,000 over 12 months at 9.95% has fees totaling $495 and a total repayment of $5,796.42 equating to 12 monthly payments of $483.03.

1.* Rates of 6.95% subject to lending criteria and eligibility. 1 hour approval and same-day payout subject to the applicant meeting the lending criteria and supplying all the required information to process the loan application.
2. Our lender will independently assess whether you are eligible for a loan. We don't provide advice on whether a particular car loan offered by a lender is suitable for you.