A secured bad credit loan is a personal loan that assists people who have a bad credit history and they own an asset (such as a vehicle) that they offer as security for the loan. Being able to offer security for a bad credit loan can improve the likelihood of getting the loan approved and can result in a lower interest rate and higher loan amount, compared to an unsecured loan.

What Can I Use As Security For A Secured Bad Credit Loan? Generally, the types of security you can use are those that can be registered and can have an interest recorded against it. This includes such items as:

  • Cars (both new and used)
  • Motorbikes
  • Caravans
  • Boats
  • Property

It is important to understand that when providing security for a bad credit loan, it cannot already have a loan against it. For it to be acceptable, you must own the security outright and not have any existing debt against it.

What Can I Use A Secured Bad Credit Loan For? A car loan is one of the most common uses for a secured bad credit loan. At Fair Go Finance our loans can assist with purchasing a car, either privately or through a dealership and we can lend up to 100% of the purchase price (up to $5,000.) Secured bad credit loans can also be used for such things as:

What Do I Need To Apply For A Secured Bad Credit Loan? At Fair Go Finance, it is a simple process to apply for a secured bad credit loan. Firstly, you need the details of the security you wish to provide, so for a car loan, you will need its licence plate number, VIN and engine number. Then all you need to do is complete the online application form with your;

  • personal details
  • address details
  • employment details
  • financial details

You will be given an immediate outcome, and if conditionally approved, you will then be guided by one of our experienced loan assessors on what to send through to finalise the loan.

Need up to $10,000?

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Are you eligible to apply?


It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:
For more information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
If you are on government benefits, ask if you can receive an advance from Centrelink.

The Australian Government’s MoneySmart Website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.