Fully Verified & Non Conforming Bad Credit Loans

Fully Verified/Variable or Fixed

This loan is designed for people who are self-employed or have a regular salary, and need to secure a loan for investment or debt consolidation purposes.

This loan is for people who are unable to borrow the amount of money they require from traditional lenders due to inconsistent or variable incomes, an inconsistent or inadequate savings history, or because of an unusual deposit such as a gift.

On application for this type of loan you will need to provide documentary evidence in the form of pay slips or other proof of income, group certificates, a letter from your employer, tax returns, and Centrelink or superannuation statements if applicable.

With this loan you are able to:
- Borrow between $50,000 to $2.5 million, for a period of 10 to 30 years.
- Obtain up to 95% Loan to value Ratio (LVR) without paying lender’s Mortgage Insurance premiums.
- Choose between variable and fixed interest rates for three years.
- Make repayments either weekly, fortnightly or monthly, or through a direct debit system.
- Choose a line of credit facility, including phone or internet, ATM or EFTPOS, with access to monthly statements.
- Reduce your variable rate three years after the loan settlement date, providing your have not missed any repayments or have a loan arrears.
- Depending on the type of loan, you may be able to secure a 1-2% per annum discount on your interest rate for the first 12 months of the loan. (Please note: loans discharged within the first four years will attract deferred establishment fees)

Bad Credit Loans are able to put their clients with the right lenders, lenders who can provide useful advice and financial aid where possible, helping people get their finances back on track. A bad credit history should not stop you from considering investing in your future.

Contact us for more information or simply apply for a loan through Bad Credit Loans.