1200 cash loans

$1,200 Fast Cash Loans

Information verified correct on May 1st, 2017

Need some money to see you through? Find out how you can be approved for a $1,200 loan.

Trying to find a way to cover emergency cash shortfalls can be stressful. You might start looking for a loan only to see that you don’t meet the criteria because of your credit history, your income or how you are employed. No matter what your financial circumstance there are financial options available to you, whether it be a lender that has less stringent criteria or a no or low interest loan.

What $1,200 loan options are available?

  • If you have bad credit

Sunshine Short Term Offer

Sunshine Short Term Offer

This is a short term loan offer with a fast and easy online application for bad credit borrowers who are employed. You can apply today to get approved for up to $2,000.

  • Loan Amount: $2,000
  • Loan Term: 9 weeks
  • Turnaround Time: 30 Minutes - conditions apply
  • Total Cost of Borrowing $100: 20% of borrowed amount + 4% of borrowed amount each month
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks - Must be employed

    Loan options are more limited when you have bad credit. When it comes to $1,200 loans, many payday lenders will consider you even if you have negative marks on your credit file. What you will need to show is your ability to manage the loan repayments, whether this be through income from Centrelink payments or from regular employment.

    Bad Credit Loan Options

    Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Product Description
    Sunshine Short Term Loans
    9 weeks
    30 Minutes - conditions apply
    20% of loan amount + 4% of loan amount each month
    Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Family Business since 1999.
    Nimble Short Term Loan
    62 days to 1 year
    1 hour - conditions apply*
    20% of loan amount + 4% of loan amount each month
    Apply for a short term loan and you could borrow up to $2,000
    Ferratum Cash Loans
    Up to 6 mths
    Same Day if approved
    20% of borrowed amount + 4% of borrowed amount each month
    A small loan from Ferratum lets you borrow up to $1,900 without a credit check
    Cash Train Loans
    10 weeks or 3 months
    1 Business Day
    20% of principal amount (establishment fee) + 4% monthly charge
    Apply for a Cash Train loan and get up to $2,000 sent straight to your bank account. Fast online application

    Compare up to 4 providers

  • If you have good credit

  • There are more options available to you if you have good credit. If you need the money urgently, you can check if your bank offers same day personal loans to existing customers. If it doesn’t, overdrafts can usually be set up with your transaction account within a day, giving you access to a line of credit. While you have the option of applying for a conventional personal loan, this will usually be available for an amount in upwards of $5,000.

    Smaller personal loan options you can apply for >>

    • If you’re eligible for a low or no interest loan

    Low and no interest loans are essentially community financial assistance programs aimed at those receiving Centrelink payments or on lower incomes. To be eligible you need to:

    • Have a health care card or pension card
    • Have resided in your current premises for more than three months
    • Show a willingness and capacity to repay
    • Not be using the loan to pay rent, bills or for a holiday

    The loan is designed to finance essentials. This includes household items like furniture, washing machines and fridges, some medical and dental services and also educational purchases including computers and textbooks.

    How you can compare and find the right loan for you

    • Know what you’re eligible for. You may be eligible with some lenders and ineligible with others, so check the minimum eligibility before you apply. Requirements need to be met for income, age and residency, and there may also be restrictions if you receive Centrelink benefits.
    • Check what the fees will be. Lenders are capped as to how much they can charge you for a $1,200 short-term loan, so you’re likely to see similar fees across the board. A breakdown of these fees is outlined in the section below.
    • What are your repayments? While your repayment terms, such as how long you have to repay the loan, may vary, your repayments will usually be structured according to the frequency of your pay.

    The costs of borrowing $1,200

    Lenders are restricted as to how much they can charge you for a $1,200 loan. Restrictions apply when the lender is non-Authorised Deposit-taking Institution (ADI) which excludes banks, credit unions and building societies. The loan has to be under $2,000 and needs to be repaid within terms of 16 days to one year.

    If the loan meets these requirements, the lender cannot charge you more than 20% of the principal loan amount as an establishment fee and 4% of the principal loan amount as a monthly fee.

    For a loan of $1,200 borrowed for a one-month term, you will pay $1488 in total with two fortnightly repayments of $744.

    For other loan amounts or loan terms, use the calculator below to determine your repayments.This calculator is designed to provide you with an estimate based on the numbers you enter. Your personal details are not taken into account and all calculations are based off the calculation model. This calculator is not intended to be the sole source of your information when making a decision regarding your loan, and this calculator also does not guarantee your eligibility. The calculator works off the following assumptions: fees do not change for the life, your lender will charge a 20% establishment fee and a monthly fee that is 4% of your principal loan amount. You may want to seek advice from a financial professional before signing up to a loan.

    Questions you might have about $1,200 loans

    Can I apply for a loan if I receive Centrelink payments?

    Yes. Many lenders offer Centrelink loans to applicants who show they will be able to manage the repayments. Review the eligibility criteria outlined in the review pages before you apply to see what requirements you will need to meet.

    When will I receive my loan?

    This differs between lenders. Usually, if you submit your application and accept your loan contract before 2:30pm on a business day, you can receive your loan amount on that same day. Some lenders can have the loan to you within the hour.

    How do I make repayments?

    Your lender will outline this in your loan contract. However, you loan amount will normally be direct debited from the bank account your loan was deposited into on the agreed upon dates.

    I won’t have enough money to cover my repayment. What do I do?

    The first step is to get in touch with your lender – this may save you a late fee or a direct debit dishonour fee. Your lender may be able to set up a payment plan or delay your repayment for you.

    When can I apply for another loan?

    It is important to note that payday loans aren’t designed to be a long-term financial solution. If you do need to apply for another loan you will need to have repaid your first loan in full before applying. You can apply with your original lender or find a different lender.

    Was this content helpful to you? No  Yes

    Related Posts

    Ask a Question

    You are about to post a question on finder.com.au

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

    4 Responses to $1,200 Fast Cash Loans

    1. Default Gravatar
      Mark | October 23, 2016

      I need an immediate loan for $1200.00. I will repay the loan in 10 days or less. Both the principal and interest.
      If anyone out there knows a way to accomplish this please respond.

      • Staff
        Elizabeth | October 24, 2016

        Hi Mark,

        You can compare lenders offering loans of that amount on the page above. You can find out which lenders allow early repayments on this page.

        Hope this helps,


    2. Default Gravatar
      cathleen | January 17, 2016

      Needing a lone to help means my kids

      • Staff
        Elizabeth | January 18, 2016

        Hi Cathleen,

        You can compare your options on the page above, and if you find a loan you are eligible for and want to apply for, click “Go to Site” to submit your application.



    Ask a question