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Credit impaired loans

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Struggling to get finance? Concerned about your credit history? If you’ve faced credit challenges in the past, it could make getting a home loan difficult. However, that doesn’t mean you should give up on your dream of home ownership. At PAT Finance, we have access to alternative lenders who specialise in credit impaired loans.

Just like us, credit impaired lenders understand that your credit rating doesn’t necessarily reflect your ability service a loan. There are many circumstances that can impact your credit score, aside from a poor repayment history. These include divorce, separation, sickness and identity theft. Even being self-employed can be a barrier to obtaining a traditional home loan.  

Whatever your reason for not meeting the strict criteria of mainstream lenders, we do our best to give you a fresh financial start. As well as presenting you with a range of credit impaired loan options, we negotiate with lenders on your behalf. We present your application in a way that encourages lenders to say ‘yes’, even when others have said ‘no’.

What are the conditions of a credit impaired loan?

Generally, credit impaired loans require you to pay outstanding credits, either before the loan or as part of settlement. They often have a slightly higher interest rate or ‘risk’ fee attached. We will guide you through the pros and cons of each suitable loan product, so you can make the best decision for your circumstance.

Book a FREE home loan assessment

Book a free assessment at our Melton office to talk about credit impaired loan options. We work with clients across Melton, Bacchus Marsh, Sunbury, Caroline Springs and beyond.

BOOK A FREE ASSESSMENT
BOOK A FREE ASSESSMENT