Bad Credit Car loans

Azora Personal Loans Pty Limited ACN 147 803 576 is a responsible lender and has an Australian Credit License no.403724. We offer personalised fixed rate secured car loans. Our application process is simple, fast and 100% online.

A bad credit car loan is a loan to purchase a car, provided to a borrower with a bad credit history, a low credit score, unpaid defaults and judgements, previously declined by another lender, party to a debt agreement or a current or discharged bankrupt. Azora specialises in bad credit car loans. All applications are subject to lending and approval criteria.

A secured car loan allows the lender to take security against your car. An unsecured loan allows you to borrow money without offering your car as security. The interest rate on secured car loan is generally lower than the interest rate on an unsecured car loan.

1. Apply online. We require your personal details, which include your loan amount, income, and expenditure. We also need certain documents, such as your identification and bank statements.
2. Receive your loan terms. If your loan is approved we will provide you with detailed loan terms, which will include your loan amount, loan term, interest rate, any fees and repayment amount.
3. Purchase your car. If you agree to the loan terms and sign the digital contract, you can then purchase your car from a dealer or privately.

As part of our standard practice, we will access your credit report to help us understand your credit history.

Your interest rate will be a personalised rate based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. You repay the loan with interest over a fixed term, between 3 to 5 years. With a fixed interest rate, your repayments won't change over the loan term.

Azora specialises in assisting borrowers with unique financial circumstances, such as a bad credit history, a low credit score, unpaid defaults and judgements, previously declined by another lender, party to a debt agreement or a current or discharged bankrupt. All applications are subject to lending and approval criteria.

Yes. You can purchase your car from either a dealer or privately.

Yes. You can purchase either a new or used car.

No. Azora does not require a deposit.

We may charge an application fee, risk fee, settlement fee and a monthly account service fee. There are no fees for our tier-one borrowers with excellent credit scores. All fees will be disclosed in your loan contract.

Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.

If your circumstances change and you cannot repay your loan, please contact us. We are here to assist you.