enably Short Term Loan

Get approval within an hour for flexible short-term loans of up to $10,000.

This online loan provider offers quick, short-term cash solutions to employed Australians earning at least $1,500 per month. When you submit an application, enably will verify your financial profile to approve you for a loan you can afford.

Loans can be used for any purpose and you can choose your own repayment terms.

Product Nameenably Short Term Loan
Min Loan Amount$2,001
Max. Loan Amount$10,000
Loan TermUp to 24 months
Turnaround TimeWithin an hour
Costs0 - 20% application fee and 2.8 - 4 % monthly fee on loan amount


  • Fast approval
  • Flexible scheduling
  • Loans up to $10,000


  • Application fee up to 20%
  • Monthly fee up to 4%
  • 18+ years old
  • Employed
  • Earn $1,500 per month

How do enably short-term loans work?

enably offers loans of between $2,001 and $10,000 to be repaid over a maximum period of 24 months. The amount for which you are approved is based on your credit score and financial situation. Before submitting an application, you can use the online calculator to work out the cost of the loan.

The application process is quick and completely online, and loans can be approved within an hour (during business hours). Loans are repaid by direct debit over a minimum term of 61 days in weekly, fortnightly or monthly installments.

While you can apply for a loan online at any time, you must finish repaying one loan before applying for another one.

Features of a loan from enably

If you need a quick cash solution, here are some of the features to consider with a short-term loan from enably:

  • Fast approval. You can have your loan application approved within an hour of submitting it. The application itself takes a few minutes to complete online.
  • Various loan amounts available. You can apply for a loan of between $2,001 and $10,000, depending on what you need.
  • Flexibility. You're able to choose your own repayment schedule, with longer terms available for larger loan amounts.
  • Repayment. Repay the loan weekly, monthly or fortnightly. The fees attached are based on the loan amount and the loan period. If you need to change your repayment date, a fee of $10 applies.
  • Fees on reducing balance. You only pay fees on the outstanding principal. The more you pay off, the less you’ll be charged in fees.  
  • Easy repeat borrowing. As long as you repay your first loan in full, you can apply for another loan online at any time.

How much does the loan cost?

An establishment fee is charged as a percentage of the principal, which ranges from 0-20% depending on the loan amount and the loan term. You pay fees that are charged on a reducing balance, meaning the fees decrease as you pay off the loan and reduce the principal amount. Monthly fees are 2.8 - 4% of the loan amount.

Other fees include:

  • $1.10 for each direct debit payment
  • $20 fee for dishonoured or failed payments
  • $10 for rescheduling a payment

Are you eligible for an enably short-term loan?

Applying for a loan from enably is quick and you can apply online. You’ll need to meet the following eligibility criteria:

  • Be employed
  • Be at least 18 years old
  • Earn over $1,500 per month

If your loan isn’t approved but your circumstances have changed, you can submit another application 14 days after your loan application was declined.

How you can apply

The application process is fully online. On the application form, you’ll be asked to specify the purpose of the loan and the amount, as well as provide some personal and employment details.

enably will access your most recent banking data through Yodlee, a third-party platform that provides read-only access to your account. If you’re a new customer, enably will perform a credit check.

The process takes a few minutes and you can get approved within an hour. Depending on when you apply, you can have funds deposited into your account on the same day.

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