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Have a low credit score?

Learn more about how you can still qualify for a home loan product despite having a low credit score.


Low Credit Score Loans

Most Australian lenders measure your ability to repay a loan by calculating your credit score. We, at Comparez, help thousands of loan seekers every year to get a variety of low credit score loans.



What Is A Credit Score?

A credit score is generally a three-digit number which helps lenders and financial institutions to evaluate various factors to estimate the risk of lending a loan such as:

  • History Of Your Credit
  • The Total Amount Of Credit You Have Already Taken
  • The Duration Of Your Loan
  • How You Have Repaid It
  • The Purpose Of The Loan (Home Loan Or A Personal Loan)

Your credit score defines your capacity to return the loan taken within a stipulated period of time.

General Causes For A Low Credit Score Include:

  • Missed Or Late Payments
  • Lack Of Genuine Savings
  • Too Much Credit In Use
  • Temporary Address Or Employment
  • Bad Credit History
  • Late Payment On A Utility Bill
  • Too Many Requests For New Lines Of Credit

An approved loan indicates that you have been given another chance to improve your low credit score, and in turn, open up your borrowing options in the future.

Contact us now to consult for personal or business low credit score loans.



Reasons For Low Credit Score

A lender can decline your loan for several reasons, but one of the most common reasons is not matching the credit score requirement of the lender. Unfortunately, different lenders calculate the credit score by using their particular methods.

Qualify For A Personal Loan In Spite Of Having A Low Credit Score

A low credit score does not necessarily mean that you cannot qualify for a home loan or a personal loan. There are a variety of reasons that can impact your credit score that a lender would take into consideration as part of your application, as opposed to automatically declining you.

Generally, it’s a matter of finding the right lender with an appetite to lend. This is where we can help at Comparez, as we will search for the best mortgage lenders who are most likely to approve your loan application even if you have a low credit score.

Consult Low Credit Score Mortgage Lenders In Australia

Our experienced mortgage agents can help you enhance your low credit score and get your loan approved.


About Comparez

Comparez home loan marketplace is the only Australian dedicated comparison site for specialty lenders.

Whether you have you previously been declined for finance, had a paid or unpaid default, are bankruptcy or simply self-employed. We match lenders to your situation and suggest your best options.

Our qualified mortgage brokers will work with you and prepare your application for finance. Want to know more, contact us today.