Emergency Cash Loans No Credit Check

Direct lenders emergency loans typically run a credit check before disbursing the money. However, you can still get an emergency loan with no credit check if you don’t have a good credit history. 

In this article, we’ll discuss the different types of emergency cash loans that do not require a credit check in Australia and let you in on the details you need to pick the ultimate best option according to your financial situation. 

Emergency Cash Loans With No Credit Check in Australia 

Our findings show that, if you need an urgent cash loan but have bad credit, there are three options from bad credit direct lenders: payday loans, secured personal loans, and unsecured personal loans.

In this section, we’ll discuss each of these loans in more detail so that you can make an informed decision.

1. Payday Loans 

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Our research indicates that, Payday loans are short-term emergency payday loans that allow borrowers to have immediate access to small funds. These loans have to be repaid within a few days after receiving the loan, typically as soon as you get your next paycheck. 


  • Quick access to funds 
  • No credit check required 
  • Debt is for a short duration


  • The loan offers small amounts
  • Expensive with high-interest rates 

2. Secured Personal Loan 

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As indicated by our tests, many online lenders are willing to offer borrowers a secured loan, despite their credit history. These lenders will rely on other factors rather than your credit score to decide your creditworthiness and accept or refuse your application accordingly.

In most cases, lenders who offer a secured emergency urgent loan with no credit check only consider your recent credit history. Other factors like your monthly income and the value of the asset you provide the lender can make you a better candidate than others who receive less income even if you have bad credit.

That said, the one thing that might lower your chances of getting a secured loan with bad credit is being committed to another loan at the same time. Nonetheless, if your income can cover both loans without putting you under substantial hardship, there’s a good chance you can still get the loan. 


  • Allow borrowers to lend large amounts 
  • More flexible repayment plans 
  • Low fees and interest rates 


  • You’ll lose the asset if you don’t keep up with the payments 

3. Unsecured Personal Loans 

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With this type of lending, you don’t have to attach collateral to the loan. Accordingly, you won’t lose any properties if you fall behind on payments. Regardless, defaulting on an unsecured loan will significantly impact your credit profile.

Just like secured loans, what makes you more eligible for an unsecured personal loan without a credit check is your recent financial history and whether you’re currently repaying other loans or not. 


  • You can get funds even if you have no assets
  • Allow for borrowing large amounts 
  • Flexible repayment plans 
  • Lower interest rates than payday loans


  • Higher interest rates than secured loans

How Much Can I Get If I Apply for an Emergency Cash Loan With No Credit Check? 

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With Payday loans, the minimum you can get is $100 to $150 and up to $2,000. Yet, some lenders can offer you as much as $5,000, but the interest rates will be extremely high that you may find yourself paying as much as five times the original amount you borrowed.

Personal loans allow you to get access to more amounts, reaching up to $100,000. No matter how much you need, you can still find an interested lender, particularly if you can provide an asset that covers the entire amount of the loan.

In the case of an unsecured personal loan, as mentioned earlier, the interest rates will be a bit higher than secured loans because lenders consider this riskier lending. The good news, though, is that the government capped the APR of unsecured loans over $5,000 to a maximum of 48%. 

As per the above, you can still find interesting offers from many lenders who settle for lower interest rates just to make their loans more favourable and competitive. 

Requirements for No Credit Check Loans in Australia

Lenders who offer emergency loans with no credit check are usually stricter about their acceptance criteria than other lenders. More often than not, you’ll need to provide information about your monthly income as well as your monthly expenditure.  

Eligibility Requirements:

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To apply for an emergency loan with no credit check in Australia, you must be:

  • Above 18 years old
  • An Australian Citizen 
  • Currently Employed

Required Documents:

urgent loan bad credit

  • Proof of Identity 
  • Proof of residency
  • Proof of regular income (at least 50% of which should be from non-governmental benefit, i.e., not from Centrelink).
  • A bank statement covering the last three to six months
  • Your online banking details 
  • Your myGov details if you’re receiving Centrelink
  • Documents including details about current loan obligations

How to Apply for an Emergency Cash Loan If I Have Bad Credit? 

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If you have bad credit, banks and other credit unions won’t approve your application. Online lenders, on the other hand, can easily accept your request. Not to mention, they offer more flexible repayment plans.

To apply for a loan, you’ll need to fill the online application, attaching all the required documents we discussed earlier.

The lender then reviews your application and assesses it. Because this is an emergency bond loan, the process rarely takes less than 24 hours, during which you’ll receive a reply from the lender. 

Upon acceptance, you’ll receive a contract, including the terms and conditions of the loans. 

We recommend going through the terms and conditions to evaluate the following:

  • Confirm the payment plan
  • Check the establishment fee and interest rate
  • Check the availability of early repayment (some lenders penalise early payers)
  • Check the length of the grace period (the period after the due date during which you can still make the payment without paying any extra charges as a late payment fee)

Once you sign the contract, the lender wires the fund to your bank account using the bank details provided in the application. Usually, the lender transfers the amount to your bank account within 24 hours of getting approved and signing the contract.

Final Thoughts

Getting an emergency cash loan without a credit check isn’t as hard as most borrowers think. On the contrary, you can easily get a loan if you can prove your creditworthiness. If you live in Victoria, you can apply for bond loans Victoria bad credit with Perfect Payday.

As you already know, making regular payments improves your credit score, so make sure to only opt for flexible loans that you can keep up with. Otherwise, you’ll wreck your credit score even more.

About the Author

Lucy has over a decade of experience in finance. She is currently the content curator here at Perfect Payday.

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