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Credit impaired home loans
Bad credit home loans also known as credit impaired home loans tend to suit borrowers who have experienced credit tribulations in the past. This can make it extremely difficult for them to have a regular mortgage application approved.
This could be because you haven’t successfully been able to pay off debt in the past, or your application may have been declined due to an excessive amount of inquiries. If you find yourself in this situation it’s a good idea to get a report of your own credit history.
Credit impaired home loans tend to come attached with a higher interest rate. Before you decide to take on any more debt, analysing your ability to repay any outstanding credit is a must.
Related Links: Credit Impaired Home Loans
Disclaimer
This article is over two years old, last updated on July 1, 2009. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
Compare home loans in Australia
5.99%
5.90%
$3,218
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.09%
6.10%
$3,249
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.04%
6.08%
$3,234
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
5.99%
6.48%
$3,448
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.39%
6.40%
$3,342
Australian Credit Licence 233714
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.69%
6.13%
$3,127
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
6.29%
6.20%
$3,311
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Special
- Investor
- Variable
- 20% min deposit
- P&I
6.84%
7.16%
$3,611
Australian Credit Licence 233714
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 5% min deposit
- P&I
7.09%
7.09%
$3,563
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.95%
7.15%
$2,896
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 20% min deposit
- Interest Only
7.20%
6.90%
$3,000
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 40% min deposit
- Interest Only
6.99%
7.01%
$3,531
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Investor
- Variable
- 30% min deposit
- P&I
Product database updated 05 Jan, 2025
Fact Checked
Promoted home loans
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.10%
Australian Credit Licence 234527
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.04%
Comparison rate* p.a.
6.08%
Australian Credit Licence 395219
Fees & charges apply
Solar Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.48%
Australian Credit Licence 395219
Fees & charges apply
Product data updated on 5 Jan 2025
