We Will Give You a Fair Go!
Unlike the big banks and other financial institutions, Capital Finance will look at your application afresh - any credit considered - without basing our lending decision completely on your credit file.
We understand that sometimes in life, juggling finances can be tough, and mistakes do happen - even against our best intentions. So even if you have a mark on your credit file, we will look at your current finances, your income and expenses to determine whether the personal loan is affordable to you.
Other applicants with other lenders may get their applications knocked back, due to their income sources. Whether that is from Centrelink*, self-employment, part-time employment or a mix of both. At Capital Finance, we will consider all income sources as valid, when assessing your loan's affordability with us1.
See for yourself - we'll give you a fair go!
1. Subject to verification, suitability and affordability
* Capital Finance is
not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle
finance options which are available to recipients of benefit payments
How it Works
The good news is that the application process is 100% online and can usually be completed in around 5 minutes.
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01.Check whether you qualify with Capital Finance?
If you are over 18 years old, an Australian resident, and you take home over $480, then you are likely to qualify for a loan with us1
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02.Apply online in minutes
Your online application is pretty simple and can usually be completed in around 5 or 6 minutes.
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03.Submit your bank statements
We require 90 days bank statements, which can be sent to us as part of your online application in a couple of minutes. We have partnered with our secure bank statement retrieval service by illoin. Just select your bank and log in, via the illion portal, and you are done!
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04.Review your application
When we have received your completed application, our assessment team will review your application and the affordability of your loan with us.
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05.Your loan approval
If everything looks good, we can give you your loan approval, generally in 24 to 48 hours.
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06.Sign your loan documents
We'll send you a link for you to review the loan terms and sign your loan documents. Once complete, we'll fund your loan.
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07.Your loan is funded
Your loan funds will be sent direct to the bank account you specified during your application, usually within 24 hours.
1. Subject to verification, suitability and affordability
A Range of Personal Loan Options up to $30,000
* Capital Finance is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Personal Loan FAQs
A personal loan is essentially a lump sum of money that you borrow from a financial institution or lender. You'll need to pay it back over a set period, generally 2 to 5 years, with interest. It's a convenient way to cover expenses like emergencies, home renovations, car repairs, or even a holiday.
While the terms are often used interchangeably, they are not exactly the same. Personal loans usually offer larger amounts for specific purposes and are paid back over a longer period. Cash loans often refer to smaller amounts that are intended to be repaid quickly. Both types of loans offer you funds when you need them, but the repayment terms and amounts can differ.
You can use a personal loan for a wide range of things - home improvements, rental bonds, car repairs, medical expenses, or even a dream holiday. The choice is yours, but it's always good to borrow responsibly.
If you would like to apply for a personal loan with Capital Finance, we’ll give you a fair go! You must be over 18 years old, an Australian citizen and your minimum take home wage must be $480 or more.
Our personal loans generally have terms ranging between 2 and 5 years with Capital Finance. The exact length will depend on how much you borrow and what you can afford to repay each month.
Use our loan calculator and adjust the loan amount needed, to see how long it will take to repay. The loan term is show, along with your regular weekly, fortnightly or monthly repayments over the loan term.
The maximum amount1 you could borrow is $30,000. However, if you're a first-time customer with 100% Centrelink income*, the maximum loan amount is $10,000. These amounts can potentially be increased depending on your circumstances and repayment history.
No, we do not offer payday loans. Our focus is on personal loans with longer repayment terms, which generally make them a more manageable and responsible borrowing option. See our cash loans page for more information.
Yes, you could. With our loans with bad credit, we understand that life happens and sometimes your credit gets affected. At Capital Finance, we look more at the loans affordability and your ability to repay the loan rather than just your credit score. So bad credit doesn't automatically disqualify you. We'll give you a fair go.
Absolutely, you can apply for a personal loan on Centrelink benefits*2. Capital Finance is not affiliated with, or endorsed by, Services Australia. However, we do offer personal loans to customers receiving benefit payments. For first-time customers on 100% Centrelink income, the maximum loan amount is $10,000. After that, the loan amount may be increased based on your repayment history and other circumstances.
At Capital Finance, we have a 100% online application process, that makes it easier to apply for your personal loan. We will require 90 days worth of bank statements, which can be completed online via our partner, illion in minutes.
Absolutely, there are no penalties for making extra payments or for paying off your loan early. In fact, doing so could save you money on interest over the long term.
If you miss a repayment, the best thing to do is to get in touch with us as soon as possible. We understand that life happens, and we're here to help. We can review your loan terms or make adjustments to your repayment schedule to better suit your situation.
1. Subject to verification, suitability and affordability
2. Your income from Centrelink must be
less than 50% of your total income in order to qualify for an unsecured personal loan up to
$10,000.
* Capital Finance is not affiliated with, or endorsed by, Services Australia, but does provide
personal loan and vehicle finance options which are available to recipients of benefit payments