Personal loan options for discharged bankrupts
Being declared bankrupt closes many doors when it comes to accessing financing, but it’s important to know that once you’re discharged, you can apply for loans just like any other borrower with bad credit. Find out more about personal loans for discharged bankrupts with Savvy and get approved fast.
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|Wisr Unsecured Personal Loan|
Borrow between $5,000 and $64,000 with great low rates for excellent credit. Get a personalised rate estimate in 2 minutes that won't impact your credit score.More details
|Plenti Unsecured Personal Loan (Excellent Credit)|
Apply for an unsecured personal loan and enjoy low rates for excellent credit. With no early repayment or exit fees, there’s a lot to love about this loan.More details
|OurMoneyMarket Unsecured Personal Loan|
Apply for an unsecured personal loan between $2001 to $75,000 for a variety of loan purposes. Get a personalised rate estimate in minutes without impact your credit score.More details
|Harmoney Unsecured Personal Loan|
Borrow up to $70,000 with personalised rates and repay over 3,5 or 7 years loan terms.More details
Disclaimer: A comparison rate indicates the true cost of a loan. The comparison rate displayed for this advertiser is calculated based on a loan amount of $30,000 over 5 years and represents the effective rate on the loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
The features and benefits of a personal loan for discharged bankrupts
Bad credit personal loans come at a minimum amount of around $2,000 up to a maximum of $12,000, with their potential uses versatile to fit your needs.
We can connect you with lenders who allow you to contribute additional repayments above the minimum and save money on your personal loan overall.
The process of applying for your personal loan takes only five to ten minutes, after which your application is sent off and your lender can have it turned around in as little as one day.
As long as you’re 18 or over, a citizen or permanent resident and earning at least $400 per week received in your account, you can apply for a personal loan.
How Savvy can help you get approved for your personal loan
How to increase your approval chances as a discharged bankrupt
Display a recent financial improvement
Although you don’t need to fully convert a bad credit score into a good one to be approved for your personal loan, exhibiting recent discipline and improvement in this area can help your chances of approval.
For instance, if you’re able to keep on top of your bill payments consistently in the months following your discharge from bankruptcy, you’re likely to be better placed to apply for a loan than someone who hasn’t been able to regularly pay them on time.