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APPLY FOR NO CREDIT CHECK LOANS ONLINE – FAST & FLEXIBLE OPTIONS
Need funds without the hassle of a credit check? Friendly Finance connects you with trusted lenders offering fast, no credit check loans across Australia. Whether you have bad credit or no history at all, explore options tailored to your situation—no judgement, no unnecessary delays. Compare offers and apply online today for a stress-free borrowing experience.
No need to worry! Friendly Finance does not perform credit checks when you submit your loan application through us.
Our process is 100% online and can be done on your mobile phone. It won't take you more than 5 minutes to fill in the application form.
Once your application is reviewed, you may be able to get your cash within minutes*
What are the associated costs for a no credit check loan?
The establishment fees for no credit check loans should not exceed 20% of the total amount borrowed.
The maximum monthly fees associated with no credit check loans will not exceed 4% of the total loaned amount per month.
All charges to be imposed in the event of borrower default and late payment should not exceed 200% of the total loaned amount.
No Surprises: A Clear Guide to Loan Costs
When you need funds quickly, you deserve 100% transparency. The last thing you want are hidden fees or complicated terms. That’s why we’ve laid out a straightforward breakdown of all potential costs for a no-credit-check loan, so you can find the right option with confidence.
All loan products available through the Friendly Finance network are offered by lenders who follow the cost caps set by the Australian government.
For Loans Up To $2,000 (Small Loans)
Perfect for handling unexpected bills or immediate expenses, these loans come with a simple, regulated fee structure.
Establishment Fee: A one-time fee of 20% of the amount borrowed.
Monthly Fee: A flat 4% of the amount borrowed, each month.
See It in Action: A Real-World Example Imagine you get a loan of $1,000 for a period of 6 months. The total repayment would be just $1,440. This includes the initial $200 establishment fee and $40 per month in fees. No hidden charges, just a clear path to getting the funds you need.
For Larger Needs: Loans from $2,001 to $5,000
When you need a bit more financial flexibility, larger loans are available with the following clear costs:
Establishment Fee: A single, upfront fee of $400.
Interest Rate: A maximum annual interest rate of 48%.
Know Your Rights: Responsible Lending Standards
Your financial safety is a priority. Any lender you connect with must adhere to responsible lending practices under Australian law. This means you are protected:
Affordability Comes First: Lenders must verify that your loan repayments won't be more than 10% of your income.
No Early Repayment Penalties: Should you choose to pay off your loan sooner, you won’t be charged extra fees for doing so.
Built-in Safety Nets: In the unlikely event you have trouble with repayments, total default fees are capped at 200% of the original loan amount, protecting you from escalating debt.
Ready to Find Your Loan?
Now that you have a clear picture of the costs, you can take the next step. Using Friendly Finance is a quick, simple, and secure way to connect with a potential lender.
Is this the right loan for you? While a no-credit-check loan is an effective solution for many, every situation is unique. If you have a very low income and need help with essential goods like a fridge or car repairs, a No Interest Loan Scheme (NILS) could be an alternative to explore. Our goal is to help you find the best solution for your circumstances.
3-Step Application Process for No Credit Check Loans
Here at Friendly Finance, we aim to provide you the hassle-free experience in acquiring the funds you need.
Fill in our application form
It will take you less than 5-minutes to accomplish, and the process is 100% online. Skip the inconvenience of multiple loan applications. We’ll do the heavy lifting for you!
Wait for the loan decision and contract
Once your application is received, we will search the market for your lender match and you will be notified immediately when they decide that they can offer you a loan.
Accept your offer and get your funds
Always review the details of your contract before signing. You have to make sure you understand all possible fees associated with your no credit check loan.
With this clear and simple process, receiving a loan offer and accessing your funds is straightforward and efficient.
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Is a No Credit Check Loan the Right Fit for You?
Discover how Friendly Finance helps you access fast funds without a traditional credit check—ideal for when you need a quick solution and want to explore your options with confidence.
Low loan amount with short-term repayment period
Borrowers with bad credit history can get a no credit check loan of up to $2,000, payable on their next paycheck or up to one year depending on the final approved loan terms.
Available for individuals with poor credit scores
Unlike regular payday loans, no credit check loans are extended to individuals with poor credit history. Loan application approval, however, is still subject to the set criteria.
Apply Through Friendly Finance for Faster Loan Processing
Get StartedWhat are the Eligibility Requirements for a No Credit Check Loan
- Be at least 18 years old
- Be an Australian citizen or permanent resident
- Have a valid mobile number and/or email address
- Provide bank statements showing 3 months of income and expenses
- Receive less than 50% of income from Centrelink or government benefits
- Have an active Australian bank account
- Meet a minimum income requirement (varies by lender)
- Not be currently bankrupt or in a formal debt agreement
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No Credit Check Loans FAQs
Don’t see what you had in mind? You can reach out to us via our contact form or email us at info@friendlyfinance.com.au
Where Can I Apply for a Loan if I Have Bad Credit?
You can apply through Friendly Finance. Here we offer a simple application process that is purely online. Just provide the information needed and let us do the heavy lifting of helping you find a no credit check loan.
What is a No Credit Check Loan?
Similar to a traditional payday loan, these unsecured loan products offer borrowers loan amounts from $100 to $2,000 and repayment periods from 16 days to 1 year. Unlike a traditional personal loan, they are extended to borrowers with poor or no credit who may struggle to find finance elsewhere. A low credit score with Equifax – the largest credit bureau in Australia, is a score lower than 579. A low credit rating indicates a poor financial history and suggests a more risky borrower.
What Can a No Credit Check Loan Be Used for?
Immediate Travel Needs – Whether it’s a family situation or a work commitment, no credit check loans can help cover travel costs like flights and accommodations, allowing you to get where you need to be promptly.
Housing and Rental Costs – Need help with a rental bond deposit? Access funds fast so you don’t miss out on securing your dream home.
Pet Care Expenses – Veterinary bills can be costly. A quick loan could ensure your pet gets the crucial treatment or healthcare they need without delay.
Educational Fees – Don’t let financial constraints hold back your or your child’s education. These loans can cover tuition, books, and other learning materials.
Healthcare Bills – Unexpected medical costs can be challenging. Use a no credit check loan for essential medications, treatments, or doctor visits to prioritize your health.
Home Maintenance – Home repairs can’t always wait. From fixing a broken appliance to addressing structural issues, these loans can keep your living space comfortable and functional.
Celebrations and Events – Life’s special moments deserve to be celebrated. Whether it’s a wedding, anniversary, or birthday, an infusion of cash can help you create memorable experiences without financial strain.
What are the Repayment Options for No Credit Check Loans?
In compliance with government regulations, repayment options for borrowers are limited to 16 days to 12 months only. As part of the rules of responsible lending, the repayment period is determined by any responsible lender and will consider the borrower’s capacity to repay even with a bad credit score. Knowing the exact repayment period and paying off payday loans on time for payday loans would improve the borrower’s credit score and will eventually give them access to loans with better terms.
To streamline your repayment process and help avoid missed payments and extra charges, your loan repayments will be automatically set up via direct debit. This means that the repayment amount will be debited directly from your account as the lender sets up a direct debit at the start of your loan agreement.
Funds will be digitally transferred from your bank account to the lender on the dates you agree upon. Additionally, we can tailor your repayments to align with your pay cycle. For instance, if you’re paid monthly, you can opt for monthly repayments. This flexibility ensures that your loan management is as convenient as possible, helping you stay on track with your financial commitments.
Will a No Credit Check Loan Affect my Credit Rating?
Taking out any type of credit or loan will affect your credit score. How it affects your credit rating will depend on your payment behaviour. Your credit profile will improve if you keep on paying your payday loans (or even loans with any traditional lender) on time since this demonstrates positive financial behaviour as a borrower. However, if you fail to make repayments and default on your loan during the loan term, your credit score will suffer.
Are There Other Options Instead of a No Credit Check Loan?
Apply for No-Interest Loan Schemes (NILS): NILS is a better alternative to a bad credit loan since it does not include monthly fees in your repayment amount. If you need to pay for essential goods and services such as household items, medical expenses, or car repairs, you can apply for NILS through a local provider.
Credit Union Loans: A credit union loan is a good alternative to payday loans since this does not include high monthly fees. You can take out a credit union loan to 76 credit union loan providers in Australia.
Department of Social Services (DSS) Emergency Relief: DSS offers emergency assistance to individuals with difficult financial circumstances. You can go to the DSS website to check for the local emergency relief provider to ask for their local relief qualifications.
Overdraft: An overdraft facility with your banking institution may provide access to funds if your credit search isn’t fruitful.