Money3 Bad Credit Loan – review 2026
Pros
- ASX-listed lender with strong regulatory accountability
- Secured product may offer lower rates than unsecured alternatives
- Considers discharged bankruptcies and significant credit impairments
- Loans up to AUD 30,000 higher than most bad credit lenders
- Terms up to 60 months
Cons
- Vehicle security required and may be repossessed on default
- Rates remain elevated compared to prime personal loan market
- Vehicle must meet age and condition criteria
- Not suitable for applicants without an eligible vehicle
- Total cost of credit can be high over longer terms
Money3 Bad Credit Loan Review
Money3 Corporation is an ASX-listed consumer finance company that specialises in secured lending to non-prime borrowers. Its personal loan product accepts a vehicle as security, which allows it to consider applicants with significant credit impairments including defaults, judgements and prior bankruptcies that have been discharged.
Loans range from AUD 500 to AUD 30,000 with terms up to 60 months. The secured structure means the lender can offer lower rates than unsecured bad credit alternatives, though rates remain higher than mainstream personal loan products.
Fees and Charges
Establishment fee and monthly fees apply as disclosed in the credit contract. Comparison rate is provided at time of offer as required by the National Consumer Credit Protection Act 2009.
Requirements
- Australian citizen or permanent resident
- Minimum age 18 years
- Minimum income AUD 500 per week
- 100 points of ID required
- Eligible vehicle to provide as security
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.