Personal Loans For Casual Workers

Get approved for a personal loan when working casually by comparing your options here with Savvy.

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, updated on October 4th, 2023       

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Why compare personal loans through Savvy?

Types of personal loan

What do you need to qualify for a personal loan as a casual worker?

Top tips for getting personal loans for casual workers

Find our your credit score before you apply

You can find out your credit score for free from credit reporting agencies like Experian, Equifax and illion. If you need to improve it, start paying all your bills on time before you apply for your personal finance.

Find out the comparison rate

It includes the interest rate plus the cost of any lender fees and charges. If you have a choice between different loans, choose the one with the lowest comparison rate to save money.

Use a loan calculator to work out affordability

Use our repayment calculator to find out your repayments for different borrowing amounts, terms interest rates and repayment frequencies.

Think carefully about your term

Personal loan terms in Australia usually range from one to seven years. To save money on your personal loan in the long-term, you should always look towards shorter loan repayment periods wherever possible.

What else you need to know about personal loans for casual workers

What can you use personal loans for casual workers for?

You can take out a personal loan for a variety of purposes. For example, to buy a car, go on a holiday or to renovate your home.  You can also take one out to consolidate any multiple, high-interest debts you might have (like credit card debt).

Why does an unsecured loan have a higher interest rate?

An unsecured personal loan doesn’t require you to provide any assets as security for your lender like a secured loan does. They are therefore higher risk for lenders and a higher interest rate is charged on unsecured loans.

How is a casual worker different from a part-time worker?

A part-time worker has regular, guaranteed working hours of less than 38 hours per week. Casual workers on the other hand have no guaranteed, regular working hours. They make work a lot of hours one week, and very few (or even none) the next.

Part-time workers also get both holiday pay and sick pay. That’s another reason why they are perceived as being less risky for lenders.

Part-time workers also cannot have their employment terminated without notice like casual workers can. Their income is therefore more secure than casual workers. Casual workers can instantly lose their job and their income.

Can you get a personal loan if you have a bad credit score?

Yes – bad credit loans are available to borrowers across Australia who find themselves in this position. However, these come with stricter terms and conditions. For example, you're likely to receive a markedly higher interest rate and lower borrowing range (maximum of $12,00). It’s also important to understand that your chances of having your bad credit loan application declined are also higher.

Which documents will I need to submit if I’m a casual worker applying for a personal loan?

The documents you'll need as part of your personal loan application include:

  • Your last two payslips
  • Photo ID (such as your driver's licence and/or passport)
  • Information on current assets and liabilities
  • 90 days of bank statements and employment contracts may be required


You’ll have to first prove who you are with identification documents, then supply evidence of your income and finances through payslips, employment contract, tax returns, and bank and credit card statements.

Can I apply for multiple personal loans if I’m unsure about which lender to go with?

No – applying for multiple loans will show up on your credit report, which may put lenders off you as a potential customer. Always only apply to one lender at a time, so choose carefully.

Is there any way I can show my lender that my casual employment is stable and safe?

Yes – getting your place of employment to write a letter reaffirming that your position is safe and unlikely to end any time soon could help your application, as it shows to your lender that your ability to repay the funds is unlikely to be hampered in the longer term.

Helpful personal loan guides

Still looking for the right personal loan?

Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.