1200 cash loans

$1,200 Fast Cash Loans

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

  • Bad credit applicants considered
  • Fast approval service
  • Borrow up to $2,000
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100% confidential application

Sunshine Short Term Offer

A short term loan with a fast and easy application available to those with good or bad credit. You can apply today and get approved for up to $2,000.

  • Loan amount: $2,000
  • Loan term: 9-12 weeks
  • Turnaround time: 30 minutes (conditions apply)
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Income requirement: 50%+ of income cannot be from Centrelink
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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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

Updated August 21st, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $1500 Loan)
9-12 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
62 days to 1 year
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 1 year. Centrelink cannot be your primary source of income.
6-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay.
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.

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.

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 bad credit 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.

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4 Responses

  1. Default Gravatar
    MarkOctober 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.

    • Avatarfinder Customer Care
      ElizabethOctober 24, 2016Staff

      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
    cathleenJanuary 17, 2016

    Needing a lone to help means my kids

    • Avatarfinder Customer Care
      ElizabethJanuary 18, 2016Staff

      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.



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