
Get exclusive money-saving offers and guides
Straight to your inbox
$5,000
Maximum loan amount
Next Business Day
Turnaround time
2 - 24 months
Term of loan
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Financier Small Loan |
---|---|
Minimum loan amount | $150 |
Maximum loan amount | $5,000 |
Initial Maximium Loan Amount | $450 |
Arrears Fee | $9.90 |
Loan term | 2 - 24 months |
Turnaround time | Next Business Day |
Costs | charged once to set up direct debits |
Available to Centrelink Borrowers? | No |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do 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:
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.
Prospective applicants can submit an online application for immediate approval or rejection. Financier relies on digital technology to confirm their applicants identification and their ability to repay, and it also does a reference check to verify their employment details.
After verification, Financier provides their customers with a loan contract which they have to review and accept in order to move forward. Once an applicant does this, they transfer the funds into a nominated bank account. At this point they also schedule direct debits from that same bank account, so customers don’t have to remember making repayments each time they’re due.
After paying their first Financier loan in full, successful applicants will qualify for a Financier debit card. With this card, the next time one of their customers needs a Financier loan they can access funds more easily. Remember though that taking out multiples loans is not recommended and can lead to serious financial issues if not managed carefully.
While we don't compare Financier Personal Loans directly, loan applicants can compare other options using the table below:
This loan includes the following features:
When someone successfully repays their first Financier loan, Financier issues them a Visa debit card that gives them instant access to money if they need it next. They can use this card at any ATM or EFTPOS terminal across Australia, just like any other debit card.
This card comes linked to a personalised account using which customers can monitor by checking their account balance, viewing their transaction history, make changes to their personal details, transfer funds to their Financier card, and access BPAY.
To apply for a Financier loan applicants have to visit the Financier website, but ought to make sure that they meet the eligibility criteria (listed below) before they apply. Applicants must:
Completing the application requires various information and documentation, which includes the following:
It's important to always compare loans before before applying.