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November 5, 2020
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Bad Credit Loans on the Same Business Day


Bad credit loans are very popular nowadays. Sometimes we cannot predict situations in our life so if ever we encounter emergencies and need some extra cash we want to settle them in the best possible way. 

Bad Credit Loans are: 

  • Personal loan with no collateral (small amount)
  • Short term payment (1 to 12 months)
  • High Approval Rates

Who Are Eligible for a Bad Credit Loan Same Business Day:


If you need urgent/badly needed cash and want to get a quick credit loan and or personal loan or bad credit loan, you must have the following basic requirements;

  • Must be an Australian Citizen
  • Must be a legal age (18 years and not more than 65 years old)
  • Must be a regular employee 
  • If self-employed at least 1 year

Need a loan today? Apply online!

Poor Credit Loans

Fast Cash Bad Credit Loans Bad Credit: How to Get this Loan


Nowadays, many Non-banking financial companies/institutions have existed which provide fast cash loan to those who want to get them (said institutions, even post an advertisement on Facebook). Due to economic difficulties, many people in Australia want to get a cash loan. Consumers were approved even if the applicant has a history of bad credit because they have to resort to payday loans since it is the easiest option most lenders can afford to disburse, even if the creditor has a bad credit standing.

  1. Payback loan is automatically deducted by the lender to the client’s atm bank payroll specified bank account of the borrower on the due date (payday of the borrower)
  2. This is to ensure that the borrower can repay their loan accordingly to the lender’s institution

Other Credit Loans and Bad Credit Score – Lenders View


There are many criteria from the lenders’ point of view with regards to the loan amount approved by the lender’s company. The credit score or history of the borrower on his/her credit payment is one of the utmost importance to a lender. Unfortunately, the one who requires the said loan is not qualified or least qualified to get or apply for the loan. Too much spending on unnecessary needs is the most common habit and factors of short of funds.

Hereunder are the following reasons;

  • Non-payment of earlier loans

  • Irregular payment on the due date on credit card

  • Exceeding credit card limits to many times

  • Unpaid instalments credit/payment for products/services received

Improving credit standing and rates to get help and apply for a loan:

There are many ways to improve your credit standing. The following are a good recommendation.

This includes:

  • Apply all means of necessary effort or fix your funds such are resorting; get a cash advance to your employer, borrowing from your relatives and friends. If you want to apply for a loan, make it sure that you can repay it regularly. (apply only on loanable amount)

  • Never pay your earlier loan with the loan that you borrow.

  • Pay your house bill regularly such as house rental, electric and water bills.

  • Do not use your credit card for cash advance, it is advisable to use it for daily necessities particularly groceries, avoid reach your credit limit often.  Avoid payment the minimum due try to pay the whole amount due to avoid accumulated dues and high charges including hidden charges.

MagicLoan.com.au (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).  

MagicLoan is not a lender and does not make credit decisions. MagicLoan matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. 

Consumer Advisory: MagicLoan is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.