Bad Credit Loans? A Helps

We offer bad credit loans ranging from $300 to $5000 — perfect for covering unexpected expenses within a short period of time.

Even if you’ve had prior credit issues, we may still be able to assist. We know that a past credit incident doesn’t necessarily affect your ability to make repayments today — but it can make it difficult to secure a loan of any kind, particularly a bad credit loan. That’s why we’re an alternative lender that provides options for borrowers who need quick cash and may have been shut out of other options.

Importantly, here at HANDOUT, we can get you the cash quickly. If your application for a bad credit loan is approved, we can transfer the funds to your account within an hour. We understand that if you’re applying for a bad credit loan, you need cash in a hurry — so we don’t believe there’s any benefit to stretching out the process.

What Is A Bad Credit Loan?

no paper works


no more waiting


Pay over 6 months


We want to make sure it’s as easy as possible for you to apply for one of our loans. Paperwork should be a thing of the past, and we’ve done everything we can to get rid of it.

We’re usually able to provide very fast approval on your loan applications. We understand that if you’re applying for a loan, then you need cash quickly, and we want to be able to give it to you as soon as possible.

Everyone’s circumstances are different — that’s why we have flexible payment schemes on our bad credit loans, to suit your particular needs.

A bad credit loan is a personal loan given to someone with a poor credit history. These types of loans are typically small in size and are unsecured, which means they do not require any security.

If you’ve had bad credit in the past or you have little to no credit history, you may struggle to find a lender who will give you credit. Whether you have missed payments on credit agreements in the past or you simply don’t have enough credit history, many lenders won’t feel comfortable extending credit to you. They may question whether you can make the repayments and if they’ll ever receive their money back. Fortunately, at HANDOUT, we can provide small loans for bad credit, giving you quick cash when life’s little emergencies arise.

If other lenders have said no, why not start our simple online application process? The cash you need could be in your bank account within seconds. Our personal loans for bad credit can help you pay for those unexpected expenses, giving you breathing space and reducing stress.

With our fast, easy, and convenient online application process, getting the money you need has never been easier. So if you have bad credit and need a loan, turn to HANDOUT. Apply online now and let us help you today.

What Do You Need To Apply For A Bad Credit Loan?


Personal Details

You need to be at least 18 years old to apply for a loan. We will ask you to provide us with your personal information and also a valid mobile number and email address.


Bank Details

Forget payslips, bank statements and other paperwork, our advanced in house technology enables you to use your internet banking details securely so that we can instantly verify your income and expenses all without using a third party provider.


Recurring Income

You will need to have a recurring source of income; this can include income such as regular government payments or payments from your job.

Application Dashboard

Small Amount Loan Example

Borrow up to $5000

Borrow between $300 - $2000

Pay over 6 months


Competitive rates


Example: Loan Amount of $1,000 repaid over 3 months (12 weekly payments).
$1,000(Principal Amount) + $200(20% Establishment Fee) + $120(fees based on 4% per month over 12 weeks) = $1,320 total repayable in 12 weekly instalments of $110.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR %). The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. The given comparison rate only applies to the presented example. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate.

Medium Amount Loan Example

Borrow up to $5000

BORROW BETWEEN $2100 - $5000

Pay over 6 months


Competitive rates


Example: Loan Amount of $2,500 repaid over 6 months (13 fortnightly repayments).
$2,500(Principal Amount) + $400(Establishment Fee) + $334.89(Interest) = $3,234.89 total repayable in 13 fortnightly instalments of $248.84.

Under the current legislation, the maximum annual interest rate is 48% and there is a $400 Establishment Fee. The maximum comparison rate on loans between $2,100 and $5,000 is 65.6597% p.a. The given comparison rate only applies to the presented example. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate.


Need A Helping Hand? A Handout Helps

What do I need to apply? How do I qualify?

In order for your online loan application to be considered, you have to be at least 18 years old. You also need to have a regular income from a full time or part time job. This also includes government benefits and pensions. However, keep in mind that we usually don’t let your income come fully from government benefits or pensions.

HANDOUT is built on responsible lending. You will need to show that you can comfortably pay your repayments. We tend to disapprove loan applications if there is any risk of being placed in a financial pickle as a result of borrowing money from HANDOUT.

Will you do a credit check?

We are responsible lenders. We lend to people with good credit and bad credit ratings, as we focus on your ability to meet your payments, not your past financial situation. So whilst we do check your credit, it plays a small role in our decision making.

We won’t do it without your express consent, which you provide to us when you apply for a HANDOUT Loan. As part of our credit assessment, we may decide that we need to check your credit history, in which case we will make an enquiry on your credit file.

Can I repay my loan early?

We encourage our users to pay off their HANDOUT loans as soon as possible! The quicker you pay your loan, the less you will be charged in monthly account fees. Paying off your loan before its due date will be a positive mark on any future applications.

What is the maximum amount I can borrow?

This all depends on how much you need, your financial history and current financial circumstances.

You can loan between $300-$5,000 (depending upon your ability to repay) using HANDOUT's fast online loans. Rather than paying back the full amount in a single payment, you can repay the balance you borrowed (including the transparent fees) over 2-6 months.

Are you open 24/7?

Yes! We are 100% online and our fast cash application process is available 24/7/365.

How long does the process take?

Our state of the art application is super simple and requires only a few minutes. If all goes well, then your loan amount will be in your account within an hour or two. And just so you know, our fastest ever funded application took ONLY 94 seconds.

Can I still get a loan with poor credit history or bad credit?

At HANDOUT, we feel all Australians should have the ability to have access to the resources they most need. We take the broader context into perspective when certain other lending institutions only check the credit history of an individual when determining if they are ready to obtain any credit with them.

If you apply for a loan with a direct lender like HANDOUT you should know that we take into account a number of factors when deciding if you will be able to meet your repayments. If you have been turned away for payday loans elsewhere, put your hand out for a HANDOUT loan today!

What can I use my HANDOUT loan for?

HANDOUT loans can be used for any purpose. The most common uses include paying for car repairs, furniture, wedding expenses, gifts, vacations, medical expenses, utility bills or that amazing show you just can't miss. HANDOUT loans are useful for whenever you need now.