Loans for $4,000

Want $4,000 cash today? We tell you how you could be approved.

Sometimes, you need a slightly larger short term loan. Lenders have been increasing their maximum loan amounts, so if you need a loan up to $4,000 you have a few options available. You can also borrow $4,000 from banks and credit unions if you are eligible. Find out about all of your options below.

What are your options for a $4,000 loan?

Use the tabs to compare some of your options.

Swoosh Finance

Swoosh Finance


48.00 % p.a.

variable rate


66.04 % p.a.

comparison rate

  • Borrow up to $4,600
  • Loan term up to 2 years.
  • Instant online decision
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100% confidential application

Swoosh Finance

Swoosh Finance offer Fast, reliable, and hassle-free secured loans up to $4,600 for when you are in need of money

  • Loan amount: $4,600
  • Loan term: 12-24 months
  • Turnaround time: Next Business Day
  • Fees: $400 + 48% APR of borrowed amount
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Rates last updated September 20th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Swoosh Finance
12-24 months
Next Business Day
$400 + 48% APR of borrowed amount
A secured loan you can apply for in 10 minutes that gives you up to 12 months to repay. Note: Max loan amount $4,600. Fees and charges included in repayment.
Credit24 Medium Term Loan (Good Credit)
12-24 months
Same day
$400 establishment fee + 4% monthly interest
Quick turnaround time for borrowers with good credit and who are not on benefits. Must be employed.
Nimble Medium Loan
Up to 2 years
1 hour - conditions apply*
Application fee of $400 + 47.62% APR
Apply for up to $5,000 and get approved in 1 hour - conditions apply.
enably Personal Loan
Up to 36 months
Within an hour
0 - 20% application fee and 2.8 - 4 % monthly fee on loan amount
Borrow as much as $20,000 with enably and have up to two years to repay what you borrow.

Compare up to 4 providers

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

Rates last updated September 20th, 2017
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
NAB Personal Loan Unsecured Variable Rate
From 14.69% (variable)
1 to 7 years
An unsecured loan with a redraw facility that allows you to access money you've paid in advance. You must have held a NAB Credit Card or Transaction account for at least 6 months before applying.
Citi Personal Loan Plus
From 11.99% (variable)
3 to 5 years
$0 ($199 fee waived)
Borrow up to $75,000 to use for a range of purposes. Competitive rate of 11.99% p.a. available to all approved applicants.
RateSetter Personal Loan
From 8.66% (fixed)
0.5 to 5 years
$0 (Upfront fee $250 for loan terms of 2 years and above)
RateSetter offers personalised interest rates ranging from 3.7% p.a. to 9.6%.p.a. determined by your risk profile.
IMB Unsecured Personal Loan
From 11.69% (fixed)
1 to 5 years
Enjoy no monthly fees and the option to make additional repayments. 11.69% p.a. rate available to all approved applicants.
Latitude Personal Loans (Unsecured)
From 13.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your count in as little as 24 hours.
SocietyOne Unsecured Personal Loan
From 7.75% (fixed)
2 to 5 years
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.75% and 20.14% with a SocietyOne personal loan.
NAB Personal Loan Unsecured Fixed
From 14.99% (fixed)
1 to 7 years
An unsecured loan available for a wide range of purposes for a long period of time up to 7 years. You must have held a NAB Credit Card or Transaction account for at least 6 months before applying.

Compare up to 4 providers

Rates last updated September 20th, 2017
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
IMB Secured Personal Loan
From 7.39% (fixed)
1 to 5 years
All approved applicants can access this competitive rate and use the loan to finance a range of purposes. Loan amounts up to $60,000 available.
bcu New Car Loan
From 5.9% (variable)
1 to 5 years
Borrow up to $60,000 for a car up to 2 years old. The New Car Loan from bcu allows you to make extra repayments and access a redraw feature
bcu Secured Freedom Loan
From 8.94% (variable)
1 to 5 years
A competitive, secured personal loan that you can use for a variety of purposes.
Latitude Personal Loan (Secured)
From 12.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.
QT Mutual Bank Personal Loan
From 12.95% (variable)
1 to 5 years
$395 (establishment fee)
You can use this personal loan to buy just about anything: a new boat, home renovations, a holiday or even to consolidate existing debt. Only available to Queenslanders
Bank of Melbourne Secured Car Loan
From 8.49% (fixed)
1 to 5 years
A low rate personal loan from Bank of Melbourne with variable or fixed option.

Compare up to 4 providers

What loan types are available?

  • Short term loans

While these are typically associated with smaller loan amounts, many lenders offer loans up to $10,000. Loans up to $4,000 from short term lenders operate under an ASIC cap, so you won't be charged more than a $400 establishment fee and a 48% p.a. rate that includes all other fees and charges. Loan terms vary between 16 days and two years.

  • Unsecured personal loans

You'll be able to take advantage of longer loan terms with an unsecured personal loan from a bank or similar lender, as well as lower interest rates. Most unsecured personal loans come with rates between 8-17% p.a. and have terms of one to seven years.

  • Secured personal loans

If you opt for a secured personal loan you will be able to take advantage of lower rates, usually between 4-12% p.a. Terms and fees are normally the same as unsecured personal loans.

  • Overdraft or line of credit

These types of loans let you withdraw up to and including a limit, with the overdraft being attached to your transaction account while the line of credit comes as a seperate account. For both, you only repay what you borrow and as long as you meet the minimum repayments the account remains in good standing. Overdraft funds can only be accessed when your transaction account goes into the negative, but a line of credit can be accessed whenever you need it.

What you should be considering when comparing $4,000 loans

Once you've decided on the best type of loan that will suit your needs, the next step is comparing your loan options from different lenders. Here are some things to keep in mind when comparing:

  • What is your Interest rate going to be?
    Interest rates can vary considerably even with the same kind of loans, and this is especially true of bad credit loans. The interest rate can be a good indication of how competitive a loan is, so is an important aspect to take into account.
  • What fees and charges are in your contract?
    When you take a $4,000 loan you will always end up paying back more than that and the interest it attracts. This is because of the fees and charges you have to repay through the course of the loan. These can include application fees, establishment fees, monthly service fees, and settlement fees. If you miss any of your repayments, you can also expect to pay late payment penalties.
  • What kind of repayment options available?
    Many lenders allow you to choose between making weekly, fortnightly, and monthly repayments, so you're able schedule your repayments according to when you get paid. Some lenders allow you to make extra repayments without charging any penalties, and some allow you to pay the entire balance ahead of time without penalising you in any form. In some cases, you might have to pay a fee if you pay the entire amount ahead of time, so check all the charges that apply before doing so.
  • Can you get access to redrawing funds?
    If a lender allows you to make extra repayments on your loan, find out if you can access to these funds through a redraw facility. This facility may attract a fee and come with set withdrawal limits.

How you can increase your chances of being approved

While there is no telling for certain if a lender will approve your application or not, a little caution on your part can definitely increase the possibility of a successful application. Read through the following before you apply:

  • Check the eligibility criteria

You can check the minimum eligibility criteria for any loan by looking at the review page on finder. You will usually need to be over the age of 18 and receiving an income, but certain lenders may require you to have good credit or to be employed (that is, not receiving Centrelink income).

  • Check your credit file

Did you know that errors can creep into your credit file, and these can reflect poorly on your creditworthiness? It can help to go through your credit file before applying for any type of credit by ordering a free copy online. If you find negative listings, take these into account before applying for a loan.

  • Limit your applications

Your credit file will show just how often you apply for credit, and when you apply for credit often, prospective lenders may view this in a negative light. Compare your options well before you apply and keep the applications to a minimum.

Is there anything to consider?

You should think about how you’ll go about making repayments even before you apply for a $4,000 loan. When you don't make timely repayments your credit file can be adversely affected, and you’ll also have to deal with late payment charges. Besides, the longer you take to repay the loan, the more you might have to pay in the form of interest.

A simple way of establishing what your repayments will look like is to use a loan repayment calculator. Start by identifying if you wish to make weekly, fortnightly, or monthly repayments, and then enter details such as the loan amount, loan term, and interest rate.

Calculate repayments on your $4,000 loan

If you're applying for a $4,000 loan:

Know what helps

  • They offer varied loan terms.
    With loan terms varying between 16 days and seven years, you can opt for one as per your financial needs and situation.
  • Apply online with ease.
    The online presence of most lenders helps simplify the entire process. You can start by applying online, and you can keep track of the loan online, as well.
  • Some loans have no credit checks.
    Individuals who cannot get conventional loans because of poor creditworthiness have the option of lenders that don’t require credit checks, or of those who do but will consider bad credit applicants regardless of their history.

Know what does not

  • Steep costs.
    Certain loan types, like bad credit loans, tend to attract higher interest rates, so think twice before applying for such a loan. Unsecured loans traditionally charge higher interest rates as well when compared to their secured counterparts.
  • Higher repayments.
    When you combine higher interest rates with shorter loan terms, the result is increased repayments. Consider if these repayments will be affordable before you take the loan on.
  • Dubious lending.
    The number of online lenders in Australia is on the rise, and this field is not devoid of its share of disreputable lenders. Certain lenders may exploit people with poor creditworthiness through exorbitant fees and rates, so ensure any loan you take on is competitive and that the lender holds a reputable place in the market.

What to avoid with $4,000 loans

Taking any kind of a loan can come with its share of pitfalls, so it’s best that you avoid the following:

  • Don’t end up getting a loan that you can’t repay. Make sure you have a plan in place when it comes to making repayments.
  • Avoid taking out a bad credit loan if you have access to other loan options. High fees and inflexibility are two reasons ASIC cites when warning borrowers against such loans.
  • Avoid taking the first loan that comes your way— remember to compare your options to ensure you take on one that is the best for you, and that is the most competitive.

Questions you might have about $4,000 loans

How do I go about applying for a $4,000 loan?

Start by comparing your options on this page. Once you find a loan you want to apply for, click the ‘Go to Site’ button to take find out more about applying or to fill out an application form.

What options do I have when it comes to repayment methods?

In some instances, you will have to set up direct debits through your salary or a bank account. Other repayment methods some lenders offer include making payments via online funds transfer, Australia Post, BPAY, and via cheque.

Do such loans offer loan protection insurance?

Certain personal loans give you the choice of getting loan protection insurance as an optional extra.

Can unemployed individuals get $4,000 loans?

Lenders look for some form of guarantee that you will be able to repay the loan, and unemployed applicants don't have employment to offer as this guarantee. However, some lenders will consider you if you still receive an income.

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2 Responses

  1. Default Gravatar
    stormJune 19, 2015

    Can I make a loan of 4000 dollars

    • Staff
      MattJune 22, 2015Staff

      Hi Storm,

      Thanks for your comment, but you’ve left it on – an online comparison service, not a lender.

      If you’d like to compare loan options, use the table above and then when you’ve found a lender, click through to their site with the green button.

      I hope this helps you.


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