Fast Cash Loans

Did you need cash in your account today? Lenders can offer fast processing of your application so it’s there when you need it.

We’re not always prepared when the unexpected happens. Your car might need to be repaired by tomorrow but your bank account is too low to cover it, or you might have a bill to pay even though you won’t have the money until next week. Luckily, there are fast cash loan solutions, and they might be available to you even if you have bad credit.

Sunshine Short Term Offer

Sunshine Short Term Offer

  • Centrelink borrowers considered
  • Fast approval service
  • Borrow up to $2,000
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Sunshine Short Term Offer

This is a short term loan offer with a fast and easy online application for bad credit borrowers who are employed. You can apply today to get approved for up to $2,000.

  • Loan amount: $2,000
  • Loan term: 9 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 - Must be employed
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Fast cash loan options you can apply for

Rates last updated October 18th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
$2,000
9 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
$396
Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Family Business since 1999.
Nimble Short Term Loan
$2,000
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
$396
Apply for a short term loan and you could borrow up to $2,000
Ferratum Cash Loans
$1,900
up to 6 months
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
$396
A small loan from Ferratum lets you borrow up to $1,900 without a credit check
Cash Train Loans
$2,000
10 weeks or 3 months
1 Business Day
20% of principal amount (establishment fee) + 4% monthly charge
$396
Apply for a Cash Train loan and get up to $2,000 sent straight to your bank account. Fast online application

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.

What are your options for a fast cash loan?

Finding finance doesn’t have to be difficult. There is a range of different options for you to choose from:

  • Short term loans. This is one of the most common options for fast cash – it’s a short term loan that’s designed to be repaid when you receive your pay. The maximum term is usually 16 days up to six months, depending on how much you borrow, which is normally between $100 and $2,000.
  • Cash advance. While this is typically used to refer to a credit card cash advance, it can also be used to refer to a fast cash loan. It’s usually for a smaller amount or for shorter terms.
  • Overdraft. If you have a transaction account and a good history with your bank, you can have an overdraft set up to access up to a certain limit. You can usually get access to the funds on the same day.
  • Same day personal loan. Some banks offer same-day personal loans to existing customers and let you borrow in excess of $5,000.

The 5 steps to getting a fast cash loan

There are a range of fast cash options for you to choose from and apply for and many of them offer same-day turnaround. Here’s what to do to get the money you need:

  1. Find a loan you’re eligible for. They key to being approved for a loan is applying for one that you meet the minimum eligibility criteria for. Check you meet the minimum age, income, employment and residency requirements set by the lender before clicking ‘Go to Site’.
  2. See what you need to apply. Once you know you can apply, the next step is finding out how. You’ll usually need to send through personal, financial and employment details as well as documents to prove those details are correct. You may need to hand over your Internet banking details or 90 days’ worth of your banking history.
  3. Submit your online application. Most lenders’ application process, including the submission of documents, is entirely online. You may be able to submit some documents manually, but this may result in a longer review process.
  4. Wait 60 seconds for approval. Most lenders will be able to tell you if you’ve been approved or not within a minute or two. If you are approved, you can agree to your loan contract digitally or by SMS.
  5. Receive your loan and budget your repayments. If you accept your loan contract before the lender’s cut-off time, which is usually around 2pm on a business day, you can receive your loan amount on the same day. Now you need to make sure you budget your repayments and repay your loan in full and on time.

What features come with a fast cash loan?

Applying for a fast cash loan brings with it not only a fast turnaround, but a few other features that you can benefit from:

  • Convenient application. Apply conveniently online in just a few minutes and receive a response almost immediately. The majority of lenders won’t require you to fax any documents.
  • Direct debit repayments. If you’re worried about remembering to make your repayments, look for a lender that automatically direct debits your repayments from your bank account on the agreed upon dates.
  • Prepaid debit cards. Some lenders offer additional features with their loans, such as prepaid debit cards. You can load these cards with your own funds and also receive instant loans onto them.
  • Loan amount and terms. You can usually borrow up to $2,000, and even up to $5,000 or $10,000 with some lenders. Loan terms are generally based on the frequency at which you get paid and can be from 16 days up to a few months.

How much do fast cash loans cost?

Loans that are offered by non-traditional lenders, which excludes banks, building societies, credit unions and other Authorised Deposit-taking Institutions (ADIs) are restricted as to how much they can charge you in fees and interest. Here is a breakdown of the loan restrictions:

Loan typeDescriptionFeesInterest
Small amount loan
  • Loans less than $2,000
  • Terms of between 16 days and 1 year
  • Establishment fee: 20% of principal
  • Monthly fee: 4% of principal
N/A
Medium amount loan
  • Loans of between $2,001 and $5,000
  • Terms between 16 days and two years
  • Establishment fee: $400
Maximum 48% p.a. that does not include the establishment fee
Large loan
  • Loans over $5,000 OR
  • Loans with terms longer than 2 years
N/AMaximum rate of 48% p.a. that includes all fees and charges

Are you eligible for a fast cash loan?

  • Age. You will need to be over the age of 18 to apply.
  • Residency. You’ll generally need to be a permanent Australian resident or citizen.
  • Employment and income. You do not necessarily need to be employed to be eligible for a loan but you usually need to earn a regular income.
  • Centrelink. You can be eligible for a loan if you receive Centrelink payments, but there may be restrictions as to what percentage the amount you borrow can take up of your Centrelink income. For instance, you can apply with Ferratum, but more than 50% of your total income or 20% of your repayments can't come from Centrelink.

How you can apply for a fast cash loan

Before clicking ‘Go to Site’ for the lender you want to apply with, make sure you meet their eligibility criteria. You can find this on the review page. The loan application requirements will depend on the lender you apply with, but generally you will need:

  • Personal details. Your name, contact information and proof of your identity.
  • Financials. Your income, debts, assets and 90 days’ worth of your bank statements. Your Internet banking details may be required.
  • Employment. The name and contact details of your employer as well as the details of your employment.
  • Centrelink benefits. If you receive Centrelink benefits, you will need to list the type of payment you receive, how much you receive and how often.
  • Loan details. How much you are looking to borrow and for what purpose.

How quickly do you need your loan? There are fast cash loan options on this page that you can compare and apply for. Make sure you check the eligibility criteria before submitting your application and only apply for the amount you need.

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2 Responses

  1. Default Gravatar
    matimbaJuly 28, 2016

    can i get help with a loan for business start up funds unemployed?

    • Staff
      ElizabethJuly 29, 2016Staff

      Hi Matimba,

      You can compare your unemployed loans options on this page but these loans are usually intended to cover short-term cash shortfalls. You may want to contact the lenders directly to explain your situation. We also have a business lending guide you can take a look at on this page.

      I hope this helps,

      Elizabeth

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