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The BEST Bad Credit Secured Personal Loans in Australia
Borrow up to $50K!
Need a Personal Loan with Bad Credit? Ume Loans is Here to Help
At Ume Loans, we believe everyone deserves a second chance. If you've struggled with bad credit in the past, don't worry, you're not alone, and you're not out of options. Our secured personal loans are specifically designed to provide practical, stress-free solutions for those who've faced financial setbacks.
We look beyond the credit score to understand your situation and offer loan amounts from $5,000 to $50,000, with flexible terms tailored to your needs. Whether life didn't go as planned or you're rebuilding after a tough patch, we're here to support your next step.
What We Can Fund
Weddings
Plan your big day without the financial stress.
Accessories & Modifications
Upgrade or customise your vehicle to fit your lifestyle.
Travel
Cover travel costs for business or personal reasons.
Do you need funds for a purpose not listed here? No worries! Just pick up the phone and give our friendly team a ring so they can understand more about what you’re looking for and put together a solution that meets your needs!
What We Don’t Fund
Apply Today- Debt consolidation or tax debt
- Household furnishings
- Moving costs or rental bond payments
- Fines, utility bills, or daily living expenses
- Education costs
- Funerals
- Debt consolidation or tax debt
- Household furnishings
- Moving costs or rental bond payments
- Fines, utility bills, or daily living expenses
- Education costs
- Funerals
This allows us to ensure your loan makes a real difference and puts you in a better position.
Do you need funds for a purpose not listed here? No worries! Just pick up the phone and give our friendly team a ring so they can understand more about what you’re looking for and put together a solution that meets your needs!
What is a Secured Personal Loan?
A secured personal loan is a loan where funds are lent to you and securitised against a vehicle you already own. This allows us to lend you a higher amount at a lower rate when compared to an unsecured loan, as it gives us added security and assurance someone will maintain their repayments. In the event repayments aren’t maintained, the vehicle can then be repossessed and sold to help cover the cost of the loan.
Are You Eligible?
- An Australian citizen or permanent resident.
- 1 month full-time or part-time employed.
- 3 months casually employed.
- Earning a minimum of $45,000 per annum.
- Not currently bankrupt or in a part IX debt agreement.
These requirements show that you have valid working rights in Australia, steady income and to comfortably handle repayments, and are not in financial hardship.
This allows us to ensure your loan makes a real difference and puts you in a better position.
Do you need funds for a purpose not listed here? No worries! Just pick up the phone and give our friendly team a ring so they can understand more about what you’re looking for and put together a solution that meets your needs!
What is a Secured Personal Loan?
A secured personal loan is a loan where funds are lent to you and securitised against a vehicle you already own. This allows us to lend you a higher amount at a lower rate when compared to an unsecured loan, as it gives us added security and assurance someone will maintain their repayments. In the event repayments aren’t maintained, the vehicle can then be repossessed and sold to help cover the cost of the loan.
Are You Eligible?
- An Australian citizen or permanent resident.
- 1 month full-time or part-time employed.
- 3 months casually employed.
- Earning a minimum of $45,000 per annum.
- Not currently bankrupt or in a part IX debt agreement.
These requirements show that you have valid working rights in Australia, steady income and to comfortably handle repayments, and are not in financial hardship.
5 Simple Steps To Getting Your Loan
Enter some basic details so we know who you are, and what you're looking for! This will not affect your credit score. This is where you will submit your bank statements online.
1. Apply Online
Enter some basic details so we know who you are, and what you're looking for! This will not affect your credit score. This is where you will submit your bank statements online.
2. Speak with an Expert
One of our Lending Specialists will call you to speak with you about your options.
3. Get Pre-Approval
We'll get to work on getting your loan pre-approved as soon as you supply the required supporting documents.
4. Sign your documents
Once everything is verified, you can sign your contracts electronically.
5. Get your new car!
Time to go shopping for your new car or pick up the one you've already chosen.
Why Choose Us?
15+ Years
Experience in Alternate Lending
We Understood
We provide good people with a second chance
Our Team
Our team is passionate about helping people
Simple Process
Apply online in minutes
Bad credit score? Poor credit history? We have a secured personal loan for you.
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Questions aboutSecured Personal Loans?
A secured personal loan has all the benefits of a normal personal loan where you can use the loan proceeds for any worthwhile purpose, but in this case the customer offers the lender an asset as security on the loan. This is a type of personal loan that Ume Loans can offer to its customers.
Let’s chat about your finance options.
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