Declined by another lender
EBP Money is a responsible lender and has an Australian Credit License no.535879. We offer personalised low-rate unsecured loans from $5,000 to $25,000. Our application process is fast, simple and 100% online. It takes minutes to apply for a loan with us, and if your application is approved, we will disburse your money next business day#.
EBP Money is a subsidiary of FSA Group Limited, a public company on the Australian Securities Exchange.
A bad credit personal loan is a personal loan that assists borrowers with unique circumstances, including a bad credit history. If you have bad credit a specialised non-bank lender is more likely to consider your application compared with a traditional bank. At EBP Money, we specialise in assisting borrowers who
- Have been declined by another lender
- Have paid and unpaid defaults
- Have paid and unpaid judgements
- Are current and discharged bankrupts
- Are current and discharged from part 9 debt agreements
- Have multiple credit enquiries
- Have missed or late credit card payment
It is important to state that all applications are subject to our eligibility and credit criteria.
To be eligible for a personal loan from EBP Money, you must
- Be 18 years and over
- Be an Australian citizen or permanent resident
- Be full-time, part-time or casually employed
- Earn an annual income of $45,000 net or more
Other credit and eligibility criteria and terms and conditions may apply.
To apply, complete and submit our online application form. It takes minutes. We will ask you for the following details in your loan application,
- How much do you want to borrow, and what is the purpose of the loan
- Your details, such as employment, income and expenses
- Your bank statements
As part of our standard practice, we will access your credit report and run credit checks to help us understand your credit history. If your loan amount is approved, your money will be in your bank account the next business day*.
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be a personalised rate based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan
We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating. We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.
Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help.