If you’ve been told your credit is “too bad” for a loan, you’re not alone.
Many Australians find themselves stuck in a cycle where no traditional lender will give them a chance. At Zoom Car Loans, we specialise in helping people with bad credit — and we’re here to tell you:
Yes, it is possible to get a loan, even with extremely bad credit.
But it takes the right approach, the right lender, and the right broker on your side.
First, let’s clarify what we mean by “extremely bad credit.” This usually refers to people who have:
While these situations can make traditional banks say “no” immediately, there are still lenders out there who are willing to consider the bigger picture – and that’s where we come in.
We’re not a bank. We’re a specialist loan broker that works with a network of non-bank lenders who look beyond your credit score.
Here’s how we do it:
We take time to understand your full financial situation – not just your credit file. Then we match you with a lender who is open to working with borrowers who have had trouble in the past.
These lenders assess things like your income, employment stability, and current ability to repay, rather than focusing solely on your history.
We’ve helped thousands of Australians who’ve been knocked back by banks, car yards, or payday lenders.
Bad credit can happen for all sorts of reasons – job loss, illness, divorce, or just tough times. Our job is to support you, not shame you.
Getting a loan with bad credit is possible – but it has to be done responsibly. We’ll never recommend a loan you can’t afford.
We’ll work with you to ensure your loan is manageable and doesn’t put you under more stress. That way, it can even help you rebuild your credit over time.
Despite our name, Zoom Car Loans can also help you with loans for motorbikes, caravans, boats, and personal loans.
If your goal is to consolidate debt, get back on your feet, or secure reliable transport to get to work, we may have options.
Extremely bad credit doesn’t mean you’re out of luck – it just means you need the right help.
At Zoom Car Loans, we help people just like you every day.
We know which lenders are willing to listen, and we know how to present your application to give you the best possible chance.
Ready to give yourself another shot?
Contact Zoom Car Loans today. Let’s take a fresh look at your options and find a loan that works for you.
We have a highly streamlined pre-approval and settlement process.
Personalised terms and repayments to suit your budget and lifestyle.
Let us know your vehicle requirements and we will help with the search.
All Centrelink car loan applications are completely obligation free.
As all credit providers work on a basic principle of affordability, to be approved for a loan, applicants must meet a minimum income amount of $800 per fortnight (not including covid supplement).
This minimum amount can be solely from Centrelink payments or can include employment income as well.
This minimum amount has been put in place to protect the borrower. It’s the minimum amount that the lenders deem the borrower can comfortably make their loan repayments, while still being able to afford basic living expenses such as groceries, bills, rent, etc.
Although these measures tend to be very accurate, they do not take personal circumstances and habits into consideration.
You should always look at your own spending habits and budget to ensure you will be comfortable with any additional borrowing.
Here at Zoom, we are able to assist the large majority of Centrelink customers, however, please note that if you are solely receiving a New Start Allowance/Jobseeker, Youth Allowance, or Austudy, unfortunately these aren’t accepted income forms to qualify for a loan.
Our finance specialists work on your behalf to do everything possible to secure a loan for you, so be sure to contact us to speak further about your current circumstances if you’re unsure.
Zoom Car Loans are a team of finance brokers, who work on your behalf to find you the best deal possible. This means we do not have any set loan amount.
The amount you can borrow will be depend on which lender we are able to go through, based on your personal circumstances.
During the application process, your broker will ask you how much you are wanting to borrow. Your finance specialists will then work with our panel of lenders to secure an offer. To avoid disappointment of not getting a car you have your eyes on, we always encourage you to obtain a pre-approval for an amount you can afford and then look for a suitable vehicle within your approval limits. Zoom Car Loans finance packages allow for both dealer and private sale vehicles.
Before applying for a car loan, there a few things you can do to heighten your chances of gaining a quick approval offer. A key part of your application involves credit providers verifying your current financial situation. This is a requirement of the law, so to avoid any delays, we encourage you to check and prepare the following before applying:
Zoom Car Loans are able to assist the large majority of Centrelink customers however minimum income requirement of $800 a fortnight does apply.
Types of payments we consider are:
• Parenting payments (single & partnered)
• Disability
• Carers Payments
• Family Tax Benefit
• Aged Pension
Newstart Allowance: please note that if you are solely receiving a New Start Allowance (including $550 covid increase), Job Seeker, Youth Allowance, or Austudy, unfortunately these aren’t accepted income forms to qualify for a loan.
Our lenders have a minimum income requirement of $800/fortnight to apply (not including the $550 temporary increase).
As a team of highly experienced brokers, Zoom Car Loans know what it takes for the lenders to approve a Centrelink customer.
If you would like to read more about to get approved for a car loan when you are receiving Centrelink payments READ OUR BLOG POST here.
There are minimum requirements needed to qualify for their car loans. The best way to find out is to apply online for us to find out all details and do our best to get your driving away in a good car!
No deposit loans
Bad credit history
Centrelink payments
Ex-bankruptcy
First loan
Declined by the bank
I can’t express my gratitude enough to Rowan. He was so helpful very friendly and extremely professional with the process of getting a car loan for myself. I can’t thank him enough for all he did for me. Thanks Rowan
Tracey D
Very please with the work from Joshua an Katie .. they got my loan approved asap as a mum of 3 an needed a car asap… From start to finish they where fantastic an repayment are manageable… Thanks to zoom car loans for helping me within 10days an got out new family car this morning..
Much appreciation to the team
Misty H
Great service. Quick, friendly and professional! Highly recommend if you’re struggling elsewhere to get finance.
Jessica C
Read more testimonials here