Can I Get a Secured Loan with Bad Credit?

If you’ve been turned away because of bad credit, you may be wondering — can I still get a loan? The answer is yes, especially if you apply for a secured loan. Unlike unsecured loans, a secured loan uses something valuable you own (like a car) as collateral. This reduces the risk for the lender and can improve your chances, even with a less-than-perfect credit score.

Secured loans are often seen as more flexible for people with bad credit, because lenders have extra reassurance. However, that doesn’t mean approval is automatic. Responsible lenders still need to make sure the loan is affordable based on your current financial situation.

When applying for a secured loan, lenders will look at:

• The value of your asset (e.g. a registered vehicle in your name)

• Your regular income (from employment, Centrelink, or pension)

• Your recent banking behaviour (consistent deposits, no frequent overdrafts)

• Whether the repayments will put you under financial stress

At Quickzy, we offer secured short term loans between $2,417 and $5,000 with clear terms, fixed fees, and no hidden charges. If you’re 18+, earn a steady income, and have a vehicle registered in your name, you may be eligible.

Tip: Avoid lenders who promise “no credit checks” or “instant approval.” These are red flags. Responsible lenders always assess your ability to repay without hardship.

Secured loans can be a practical way to access funds while rebuilding your financial standing. And if used wisely, they may even help improve your credit over time.

Want to learn more? Visit Quickzy or call our team on 1300 243 191 to check your eligibility — no pressure, just honest support.