Easy Financing Personal Loan up to $5,000

Borrow from $2,001 up to $5,000 with terms up to 12 months. High fees and charges apply and repayments depend on your credit score.

Easy Financing is an online lender that specialises in providing personal loans. Their medium loan allows you to borrow from $2,001 up to $5,000 with terms from 1 month to 12 months. The cost of the loan will depend on your credit score. You can apply even if you don’t have good credit, but the cost will be higher. This loan is expensive and comes with high fees and charges. They charge an establishment fee up to $400, with a monthly administrative fee of 4% the principal amount. For a loan of $5,000, with terms up to 12 months, your costs if you have good credit will be $288.46 per fortnight, $293.08 for an average score, $295.38 for an improving score and $300 if your score isn’t good.


Maximum loan amount

Same Day if approved

Turnaround time

up to 12 months

Term of loan

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Product NameEasy Financing Personal Loan up to $5,000
Minimum loan amount$2,001
Maximum loan amount$5,000
Initial Maximium Loan Amount$5,000
Arrears Fee$35
Loan termup to 12 months
Turnaround timeSame Day if approved
Costs$400 establishment fee + 4% of the principal amount monthly fee
RequirementsYou must be over 18 and employed and have a bank account.
Available to Centrelink Borrowers?No

How do Easy Financing loans work?

You have to meet some basic eligibility criteria to apply for an Easy Financing loan. If you meet those, you start by process by submitting an online application. Once Easy Financing receives all required supporting documents it moves forward with processing your application, and you can expect to get conditional approval on the day you apply. After you send the required documents and accept the loan contract, you can expect Easy Financing to transfer approved funds into your bank account within 12 to 24 hours. When repaying your loan, you can choose a loan term which fits your existing financial situation. If you choose to repay your loan ahead of time you don’t have to pay any penalty fees.

Other cash loans you can apply for.

Whilst we don't compare this loan directly, here are some other loans that are similar.

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 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 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Jacaranda Finance Personal Loan
9 to 24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.
Nimble Short Term Loan
62 days to 9 months
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 9 months. Centrelink cannot be your primary source of income.
Fair Go Finance Small Loan
3 to 12 months
24 to 48 hours
0% Establishment Fee + monthly fee 4%
A small loan between $300 and $2,000 that can be funded in 24 hours.
Credit24 Short Term Loan
4-12 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. Centrelink borrowers are considered as long as Centrelink payments are not more than 50% of income.
Credit24 Medium Term Loan (Good Credit)
12 to 24 months
Same day
$400 establishment fee + 48% p.a. interest
A small loan with long terms: Apply for up to $5,000 and have up to 2 years to repay.

Compare up to 4 providers

Features of an Easy Financing loan

If you’re thinking about getting a loan from Easy Financing, consider the following:

  • Flexible loan amount. Easy Financing lets you borrow any amount from $2,001 to $5,000. The maximum you can qualify for depends on multiple factors including your income, existing financial standing and creditworthiness.
  • Bad credit is okay. While this lender runs a credit check as part of the assessment process, it does not base its lending decision on your creditworthiness alone. It also takes into account your existing financial situation and your ability to repay.
  • Quick processing time. Submitting an online application is fast, and you can expect to find out your application’s status on the same day. If approved, you can get your hands on the money you need within 24 hours.
  • Flexible repayments. Easy Financing offers considerable flexibility when it comes to repaying the loan. You can make extra payments as and when you like without worrying about penalties and you can also pay the entire outstanding balance before the loan term expires.

Fees and charges

You don’t have to pay any annual account keeping fees, and you don’t have to pay additional fees for making extra repayments or repaying the loan early. You may have to pay other fees in different situations. For example, if you don’t make timely repayments you may have to pay late fees. The loan contract gives you a clear indication of all applicable fees and charges, so make sure to through this document before accepting the loan. If you find the fees to be too high for your liking, you can refrain from taking the loan. There are no fees to apply.

How to apply for a payday loan from Easy Financing

To get started simply click on the ‘Go to Site’ button. To apply, you have to meet some eligibility criteria, as listed below:

  • You’re at least 18 years old
  • You’re an Australian citizen or a permanent Australian resident
  • You have a regular source of income that is at least $450

Completing the Easy Financing loan application requires that you provide some basic information:

  • Desired loan amount and purpose of the loan
  • Your name, phone number, email address and residential address
  • Your date of birth
  • Your employment status, pay frequency and net pay

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