Gold Coast Beach

Gold Coast Cash Loans

What are your options for cash in the sunshine state?

If you’re in the Gold Coast and find yourself in need of cash, whether it’s because of an unexpected expense or even a car breakdown, you have a few options to consider.

Find out about your options in this guide.

How do short term loans work on the Gold Coast?

Short term loans that are available on the Gold Coast work the same way as any other short term loan would around Australia. It’s as simple as finding the loan that works for you and your financial situation. On the Gold Coast, most lenders will allow you to borrow a maximum of $5,000,but this is dependent on the lender you opt for.

As long as you are able to prove that you can meet the loan requirements and can afford the loan, you’re well on your way to getting that Gold Coast cash loan approved. Some loan applications have an approval time of five minutes!

The terms of the loan vary between lenders. You may find terms as short as one month and, depending on the size of the loan, the maximum terms can extend up to two years. Check that the loan terms meet your requirements before you apply.

Cash loans available on the Gold Coast that you can compare today

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: 9-15 weeks
  • Turnaround time: 30 minutes (conditions apply)
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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Rates last updated February 24th, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
9-15 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.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
24 hours
47.8% APR
Apply for up to $2,000 as a convenient line of credit.
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 up to $2,000 and have 62 days to 1 year to repay. Note: Centrelink must not be your primary source of income.
Cash Converters Personal Loan
Up to 12 months
24 - 48 hours
20% establishment fee + 4% monthly fee
Borrow cash over a longer period of time if you earn $300 a week or more.
Ferratum Cash Loans
up to 6 months
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
Ferratum lets you apply for up to $1,900 without a credit check.

Compare up to 4 providers

Rates last updated February 24th, 2018
Name Product Product Description Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $5,000
Wallet Wizard Smart Loan
Apply for up to $5,000 as a convenient line of credit.
Up to 2 years
24 hours
47.8% APR
Credit24 Medium Term Loan (Good Credit)
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.
12-24 months
Same day
$400 establishment fee + 4% monthly interest
Nimble Medium Loan
Apply for up to $5,000 and get approved in 1 hour - conditions apply.
Up to 2 years
1 hour - conditions apply*
Application fee of $400 + 47.62% APR
ClearLoans Personal Loan
Apply for between $3,000 and $15,000 even if you have bad credit.
60 months
Next business day
43% APR of borrowed amount
Fair Go Finance Personal Loan (Under 5K)
Loans up to $5,000 are available even if you have bad credit. Note: You must earn more than $500 per week.
3-12 months
Within 24 hours
29.90% p.a. + establishment fee of between $460 - $695 + $5 monthly fee
Cash Converters Medium Personal Loan
Apply for up to $4,600 and receive approved funds in your account in two business days.
Up to 24 months
24 - 48 hours
$400 (establishment fee; financed under loan) + 48% p.a. interest

Compare up to 4 providers

How to compare lenders

Comparing lenders is important as it is ideal to have all of the information you need before deciding to go with a particular lender. Yes, you may find one that does same day deposits, but have you looked at the fees that are applied when you ask for that to be done?

Here are some things to keep in mind while looking at lenders.

    • Repayment schedule. Most lenders let you repay weekly, fortnightly or monthly so check this is available.
    • Interest rates. If you apply for a loan below $2,000 you will not be charged an interest rate. Loans between $2,000-$5,000 will not come with a rate above 48% p.a. but rates can still vary in their competitiveness.
    • Fees. For loans below $2,000 you will not pay more than a 20% establishment fee and a 4% monthly fee.
    • Loan amounts. You can usually borrow up to $2,000 and some lenders may allow you to apply for up to $5,000.

Benefits and drawbacks to cash loans from the Gold Coast

Benefits of a cash loan

    • Quick approval process. You can generally find out if you’ve been approved instantly and can receive the loan in 24-48 hours.
    • Variety of lenders. Due to the number of lenders that are offering cash loans on the Gold Coast, it gives you the option to shop around for the best deal.
    • Can repay early. The majority of lenders allow you to repay the loan early without penalty.


    • High cost. Cash loans come with a notoriously high cost. Make sure you consider whether you can afford it before you apply.
    • No guarantee of approval. Make sure you consider the eligibility criteria before you apply. Each application you make is listed on your credit file and multiple applications can damage your credit score.

Where can you get a Gold Coast cash loan?

Since many lenders offer cash loans online, you can get a loan from wherever you happen to be along the Gold Coast. However, you can get loans in-store from Mermaid Beach, Nerang, Broadbeach, Southport and many others who have bricks and mortar personal lending services. It just depends on whether or not you want the ease of applying online or if you feel more comfortable going to the lenders and talking to them directly.

Questions to ask before applying

Although getting a payday loan to tide you over can be tempting, there are a few things to consider before taking the leap.

  • Can I afford the repayments? This is probably the most important question. Unexpected living costs pop up all the time and it can make things tough. However, if you cannot afford the repayments of the loan you take out, more interest grows on the amount that you owe and it quickly becomes a spiral of debt.
  • Does this loan meet all my needs? Doing your research about the lender's interest rates, repayment schedules and fees is a good way to answer this question, as financial circumstances vary from individual to individual.

Consider these questions before applying and you’ll be well on your way to being approved for a short term loan on the Gold Coast!

Picture: Shutterstock

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