Are You Looking For An Extremely Bad Credit Loan?

Bad credit? Don’t sweat it. 

Extremely bad credit loans – are they a real thing? Safrock is the lender-finder more Aussies trust when they are looking for really bad credit loans. Our team match your application with a lender to give you the best chance of approval. We understand that when you have bad credit submitting an application with a traditional lender is often not an option. At Safrock, we’ll do our best to give you the fair go you deserve. If you’re trying to find a direct lender for really bad credit loans then you could apply with Safrock today. 

What are extremely bad credit loans?

An extremely bad credit loan is basically just a personal loan for someone with a subpar credit rating. In most cases, online lenders conduct credit score checks whilst assessing loan applications. The Australian Code of Responsible Lending requires all online lenders to ensure applicants are not being lent cash they can not repay – this is why they conduct a preliminary credit check. The good news is, some online lenders won’t base their entire assessment on the result of a credit score check. At Safrock, we do our best to match extremely bad credit loan applicants with open-minded lenders. 

How can I apply?

At Safrock, we’ve done our best to make the application process as streamlined as possible. It could only take you a few minutes to complete our 100% online application form. Here’s what you’ll need to do:

Apply online

Use the loan calculator at the top of the page to input a loan amount and repayment period. You will then be able to see the potential repayments on your desired loan. 

Fill out the form 

Fill out our 100% online application form. This could only take you a few short minutes. We recommend having your important documents handy.

We look for a lender

Once the Safrock team receives your application form we’ll start looking for an appropriate lender. If you apply during AEST business hours our team will do their best to get back to you in 60 minutes with an outcome. 

Sign your agreement 

Your new lender will send over an agreement for you to review and sign. The Safrock team strongly encourage all borrowers to read through their contracts carefully and make themselves aware of the full terms and conditions. If you’ve got questions we urge you to get in touch with your individual lender before signing your contract. 

Get your cash 

Once your lender receives a signed copy of your agreement the cash will be transferred straight into your account. Some lenders are now able to use instant banking. That means you could have the cash in your account and ready to use in just 60 seconds*. It is important to remember, however, that not all lenders have access to instant transfers. If this is the case, your cash will be transferred in the next round of banking.

Who can apply?

At Safrock, we are proud to be giving all Aussies a fair go. That’s why we keep our application criteria as simple as possible. Here’s what you’ll need to meet if you’d like to apply for an extremely bad credit loan:

  • All applicants must be over the age of 18;
  • You must have received some type of regular income for the last 90 days into a bank account that is your own;
  • Applicants must have an active mobile phone number and email address that we can contact you on; 
  • Use internet banking. 

Will I need to fill out paper forms?

No! At Safrock we do not ask our applicants to fill out any paper forms. Our entire application process is 100% online. That means you can apply for a loan wherever you are and whenever you like – across Australia. We will, however, need you to submit a few important details – 100% online of course. Here’s what the Safrock team recommend you have handy:

  • Personal details like your online banking & employment info; 
  • An active email address and mobile number;
  • The reason you are applying for the loan; 
  • Your MyGov details (if you are receiving Centrelink payments);
  • Employer and contact details.

Will my lender call my boss?

Most lenders will conduct an employment check when you apply for a personal loan for extremely bad credit. There is no need to worry though, this is usually a routine part of the assessment process. Your lender will always conduct themselves professionally. None of your personal information will ever be disclosed to your employer – including the reason why you are applying for a loan. If you’ve got questions regarding the employment check process Safrock encourages you to get in touch with your employer.

Why do I need to provide online banking information to my lender?

Your lender might ask you to provide your online banking details so they can access read-only copies of your bank statements. Bank statements allow lenders to take a look at your spending habits, income and existing financial commitments to determine whether an extremely bad credit loan is right for you. Worried about the security of your information? There is no need to be. Aussie lenders are required to use the latest in safe banking technology to make sure your information is always encrypted – that means no one will be able to see your information or passwords. 

Does Safrock guarantee approval?

No. Safrock does not guarantee approval for any person who submits an application. Safrock is a lender finder, that means we can not speak on behalf of a potential lender and, therefore, can not guarantee approval. The good news is, having your application assessed is completely cost-free. Our team will always do their best to match you with a compatible lender if possible. So, if you’re wondering whether or not you will be approved for a personal loan for poor credit, we recommend you submit an application.

Can I get a car loan?

Have you been googling ‘car loans for extremely bad credit’ or ‘really bad credit car loans’? When you apply with Safrock, our team could match you with a lender who could provide car loans for extremely bad credit. Although Safrock can not guarantee approval for applicants that have bad credit, we can guarantee you a fair and reasonable assessment. The best part is you can apply 100% online wherever you are and whenever you like. Our team will get back to you as soon as possible with an outcome. 

Can I get a payday loan?

If you’ve been searching for ‘payday loans for extremely bad credit’ we are unable to assist you. Payday loans are now illegal in Australia. Consumers can, however, apply for a SACC with Safrock. What is a SACC? A SACC is a Small Amount Credit Contract up to the value of $2,000. These small short term loans are not traditionally the same as a payday loan, however, function in a similar way. 

Can I get a loan on Centrelink?

At Safrock we do accept applications from consumers receiving Centrelink benefits. Our team can not guarantee approval as we are a lender finder, but we will do our best to match you with a compatible online lender. Potential lenders will usually need to assess what percentage of an applicants income is drawn from Centrelink to determine whether they will be able to make the repayments on a personal loan. Responsible lenders will always do their best to ensure borrowers will not be in debt as a result of a loan.  

Responsible lending

Australian lenders are governed by the Code of Responsible Lending that safeguards consumers from predatory lenders. Responsible lenders must: 

  • Make reasonable inquiries about the consumer’s financial situation, as well as their requirements and objectives;
  • Take reasonable steps to verify the consumer’s financial situation;
  • Conduct a preliminary assessment about whether the credit contract is ‘not unsuitable’ for the consumer (based on the inquiries and information obtained in the first two steps). 


At Safrock, we endeavour to match applicants with responsible lenders. It is important to remember, however, that it is the responsibility of the consumer to ensure the loan contract they are agreeing to is right for them. Safrock encourages borrowers to do their research. It is important to get in touch with your lender if you are unsure about the terms and conditions of your loan agreement.

Our customers 

At Safrock, we understand that our clients are the lifeblood of our business. We do not exist without you. That’s why our team does their best to provide the very best customer service possible. We’re always here to help so you don’t have to go it alone. The Safrock team endeavours to match all applicants with compatible lenders, however, this is not always possible. If our team is not able to find you a personal loan this time around you’re more than welcome to reapply at a later date. We understand that circumstances change. Bad credit doesn’t have to stand in your way forever. 

Want to read more?

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