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Apply now and have an approval decision within minutes
Associated fees:
May include an establishment fee
Monthly service fees'
Interest rate will vary based on the loan amount and the borrower's credit score
💡 Champion Loans provides a personalised quote after application. Customers can check their loan costs during the approval process before committing to the loan.
Best For:
✔ Small unexpected expenses (medical bills, rent, urgent repairs)
✔ Customers looking for fast cash loans
Associated fees:
May include an establishment fee
Possible on-going service fees
Interest rate is higher than the standard personal loan
💡 Champion Loans provides a personalised quote after application. Customers can check their loan costs during the approval process before committing to the loan.
Best For:
✔ People with bad credit or past defaults
✔ Borrowers who can’t get approved by banks
Associated fees:
Establishment fee
Possible on-going account fees
Interest rate varies based on credit profile and vehicle type
💡 Champion Loans provides a personalised quote after application. Customers can check their loan costs during the approval process before committing to the loan.
Best For:
✔ Borrowers looking to finance a new or used vehicle
✔ People with bad credit who need secured car financing
✔ Online applications are processed within a few hours.
✔ Same-day funding is available for approved applicants before 2 PM AEST.
✔ Car loans may take longer for approval (24 – 48 hours)
All information included here on Friendly Finance are accurate and in line with the data provided on Champion Loan’s website as of February 2025.
About Champion Loans
📌 Founded: 2007
📌 Headquarters: Southport, Queensland, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 387027
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Short-Term Personal Loans
✔ Bad Credit Loans
✔ Car Loans
✔ Secured & Unsecured Loans
Champion Loans is an Australian short-term loan provider offering personal loans, secured loans, and bad credit loans to individuals who may have difficulty obtaining credit from banks. The company provides fast approvals, flexible repayment terms, and same-day funding for approved applicants.
Champion Loans caters to a wide range of borrowers, including those with bad credit, Centrelink income, or self-employed individuals. The company offers both secured and unsecured loan options and specializes in car loans for people with bad credit history.
Champion Loans: Eligibility Requirements
The application process for Champion Loans is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Champion Loans' eligibility requirements:
- Age: You must be aged 18 years or over at the time of the loan application.
- Residency: You need to be a permanent resident of Australia.
- Source of Income: You must have a regular source of income (minimum annual income of $25,000), which can either be from a Centrelink Pension or work income. If your only source of income is from Newstart, Austudy, or Youth Allowance, Champion Loans is unable to provide finance in such cases.
- Working Phone Number: You must have a working phone number that can be used for communication during the loan application and processing.
Champion Loans also requires the following documents:
90 Days Bank Statements: Provide the most recent 90 days of your bank statements. These statements will be used to assess your financial stability, income, and expenses, helping the lender determine your repayment capacity.
Photo ID: Submit a valid government-issued photo identification document, such as a driver’s license or passport. This serves to verify your identity and ensure compliance with legal requirements.
Medicare Card/Health Care Card: Provide a copy of your Medicare Card or Health Care Card. These cards may be used to confirm your eligibility for certain loan products or special considerations.
Proof of Income: If you are employed and receive income through a standard job, you can provide a Centrelink statement or payslip to verify your earnings. On the other hand, if you are self-employed, Champion Loans can work with you to find alternative methods of assessing your income.
Proof of Address: To verify your residential address, provide relevant documents such as a lease agreement, utility bill, rates notice, or rent receipt. This helps confirm your stability and helps in contact verification.
Accepts poor and bad credit. Champion Loans is one of the few lenders in Australia that will consider borrowers with poor or bad credit. This means that if you have had difficulty getting a loan in the past, Champion Loans may be able to help you.
Fast loan approvals. Champion Loans is known for its fast loan approvals. In most cases, you can get a decision on your loan application within 24 hours.
Straightforward application process. The application process for a loan from Champion Loans is straightforward. You can apply online or over the phone.
Loans up to $15,000. Champion Loans offers loans up to $15,000. This means that you can borrow enough money to cover most unexpected expenses.
No early payout penalty. You can repay your loan from Champion Loans early without penalty. This means that you can save money on interest if you can repay your loan sooner than the agreed term.
The Company: Champion Loans
There are some positives and negatives for prospective borrowers to consider before using Champion Loans as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Accepts poor and bad credit
- Fast loan approvals
- Straightforward application process
- Loans up to $15,000
- No early payout penalty
- Good customer service
Negatives
- High-interest rates
- Other charges
- Not available to all borrowers
