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Cash Loans Wollongong

Can you get a cash payday loan in Wollongong? Read on to find the answer.

Just a stone’s throw from the hustle and bustle of Sydney, Wollongong is viewed by many as a beachfront escape. However, you may find yourself in Wollongong on the wrong side of the due date on an unexpected bill, or unable to pay for a sudden expense.

If you find yourself in a situation where you are considering a short term loan in Wollongong, this guide is for you.

How do short term loans work in Wollongong?

You can apply for a short term loan in Wollongong at a storefront lender or online, depending on what suits your situation. Online lenders can approve you in minutes and have the money transferred to you in 24 hours, while storefront lenders can offer one-hour turnaround for cash-in-hand. However, there might be fewer store-front lenders to choose from in Wollongong due to the size of the city.

Short term loans are usually between $100 and $2,000 and repayment terms can vary from one or two months up to a year. While you may be able to borrow up to $5,000 with some lenders, you will pay a higher cost. Find out more about fees and rates below.

Cash loans available in Wollongong 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.

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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 your loan options

There are many ways to compare lenders, but here are a few key things to keep your eye on while looking around for a payday loan.

  • Fees. Lenders offering loans of less than $2,000 will not charge an establishment fee of more than 20% or a monthly fee of more than 4%. There is no interest attached to these loans and this is the maximum fee you will be charged. Compare your options as you might find a competitive loan.
  • Interest rates. Loans below $2,000 do not come with interest rates. If you apply for a loan above this amount you will be charged a rate of up to 48% p.a., as well as certain fees, depending on how much you borrow.
  • Repayment terms. How long do you need to pay off your loan? Keep in mind the longer you take to pay it back the more you will be charged, but the more manageable the repayments may be. Use a payday loan calculator to determine your repayments.
  • Amount you need to borrow. Make sure the lender you choose offers the loan amount you need. Also, some lenders offer a lower borrowing amount to first-time borrowers, so be sure to check this before you apply.

Benefits and drawbacks of a payday loan

There are many benefits and drawbacks to getting a payday loan:


  • Quick access to money. Some lenders offer same day turnaround once your loan has been approved.
  • Flexible repayment terms. Lenders offer flexible repayment options and the majority allow you to repay your loan early.
  • Flexible loan criteria. Depending on the lender you opt for, you may still be considered for a loan even if you have bad credit or if you’re on Centrelink payments. It usually comes down to your ability to afford the loan.


  • High cost. Short term loans come with a notoriously high cost so this is something to keep in mind before you apply.
  • Repayment issues. If you’re having loan repayment issues, you may be charged high late fees which can add on to the cost of your loan and make repayment even more difficult. Make sure you consider your ability to afford the loan.

Areas of the Wollongong area you can get a payday loan

With access to the Internet, you can get access to a whole variety of online lenders that may be willing to overlook your bad credit history in order to get you the money you need. You may be able to get loans from lenders in the Wollongong CBD, Warrawong, Figtree, Mangerton, Tarrawanna, Corrimal and Albion Park Rail.

Questions to ask before applying for a payday loan

There are a few questions you should ask yourself before applying for a payday loan:

  • Can I afford the repayments? This is vital to consider because not making repayments on time will negatively affect your credit history.
  • What are the loan terms? How long do you need the loan for? This is important to know before going into a lender.
  • Will they check my credit history? If you’ve got a bad credit history, it’s good to know which lenders will accept your payday loan claim. Every time you apply for a loan it affects your credit history so you need to make sure you only apply for a loan you are eligible for.

Once you’ve asked these important questions and figured out the answers, you’re well on your way to getting that payday loan you need.

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