Instant cash loans compared

A instant cash loan can cover you when the unexpected occurs.

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There are times in life when you may find that you need cash quickly, but a loan from a bank or other lender can take up to a week. There are a number of brands that specialise in instant cash loans with online approval and they can give you the money you need in just a few hours. Find out how you can apply and get funded 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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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: 9-12 weeks
  • Turnaround time: 30 minutes (conditions apply)
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Income requirement: 50%+ of income cannot be from Centrelink
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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Compare some Instant cash loans in Australia

Updated August 18th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Costs Fortnightly Repayment (for $1500 Loan)
9-12 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 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.
22 - 52 weeks
Same day - conditions apply
Up to 2K - 20% establishment fee + 4% monthly. Above 2K - $400 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
62 days to 1 year
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 1 year. Centrelink cannot be your primary source of income.
up to 6 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.

Compare up to 4 providers

How you could apply for an instant cash loan

3 steps to apply for instant cash

Getting an instant cash loan is as easy as 1, 2, 3...

  1. Compare your options using the table above. Once you find the right lender, click "Go to Site", review the loan terms and submit your application.
  2. Wait for the lender to approve you. You will usually get a response in 60 seconds.
  3. If you're approved, you can receive the cash on the same or next business day.

How much cash can I instantly borrow?

Instant cash loans can vary depending on the lender you apply with, the amount you earn and what your credit history is like. Some lenders limit the amount you can borrow on your initial loan, so it is always important to check the criteria of each lender before you apply. Most lenders offer loans of between $100 and $2,000, but others offer loan amounts extending to $5,000. If you ensure that all the documents you need to apply are in order, you could potentially maximise your borrowing power.

What features will I get from instant cash loans of $100–$2,000?

Instant cash loans are small personal loans that you can receive quickly. Lenders that offer these loans generally have flexible lending terms because of the nature of the loan. Here are some features these type of loans come with:

  • These are small, potentially manageable loans. Lenders generally offer anything from $100 to $2,000, with the amount you are approved for depending on your financial circumstances.
  • They can serve any (legal) purpose. If your car has broken down or you need that last-minute gift for your partner, these loans are designed to cover you until you get paid. They can allow you to fund anything you may need (within the law). Keep in mind the amount you are lent and how long the lending terms are will depend on your pay rate and how regularly you receive your income.
  • Repayments are simplified. Instant cash loans differ from personal loans in that you have to pay the loan back in full rather than in monthly instalments, as is the case with personal loans. You can choose to simply pay back what you borrowed plus fees on the agreed-upon date.
  • They offer you convenience. Many instant cash loan sites allow you to apply online and can approve your loan within minutes, making this a convenient way to access additional funds should you need to. Your loan will generally be transferred to you within one business day.

Instant cash loans: What you need to know

The one thing that you will notice about instant cash loans is that they have a higher cost than traditional loans. Take a look at the fees and rates you will be charged and make sure it will be manageable on your budget. Some lenders may also allow you to pay the loan back early, which is a great option because it will help you save on fees. There might be the temptation to keep using instant cash loans, but try not to do this. They should only be used in an emergency.

Here’s why instant loans are growing in popularity

  • The loans are convenient. You can apply for different types of credit by applying online. All you require is a computer or a smartphone or tablet. If you use an iOS or Android device, you can even find apps designed to help you apply for loans.
  • The turnaround time is quick. Some online lenders transfer approved funds into nominated bank accounts on the day of application, while others may do this by the following day depending on who you bank with.
  • The eligibility criteria are flexible. You don’t need a perfect credit history to get a quick money advance. Even with bad credit, you will get multiple options to choose from. However, it is important that you have a regular income and can display an ability to manage the repayments.
  • There is a range of options available. Applying for fast cash advances presents multiple options. These include payday loans, personal loans, personal lines of credit and bad credit loans. The Internet lets you choose from a wider range of alternatives when compared to bricks-and-mortar establishments.

Why should I compare my instant cash loan options?

When you're looking for a lender for instant cash, taking your time to do your research and compare may not be your first priority. However, getting the right loan and the right lender will potentially save you a lot of trouble down the track. Here are a few reasons why comparing at the onset is in your best interest:

  • You could potentially save. Payday lenders are only allowed to charge you a certain amount of fees – a 20% establishment fee and a 4% monthly fee for a loan of up to $2,000. While they cannot charge you more than this, some lenders charge less. More and more payday lenders are operating in this space and it is becoming more competitive. There are also some brands that offer lower fees and discounts for repeat borrowers. Comparing your options could help you find a low-fee instant cash loan.
  • You can avoid missing out. Do you know if a lender's fees are competitive? Do you know how many loan options there are for unemployed borrowers? If you are coming to the market thinking you have no options and that you are going to apply for the first loan you find, you don't know what you can get until you compare.
  • You can filter out the dodgy lenders. Unfortunately, there are several less-than-reputable lenders operating in the payday loans market. These lenders approve loans that borrowers cannot afford and then charge late fees when the borrower is late on repayments or defaults on the loan. It's important to compare and filter out these lenders in order to avoid them. Are the lender's fees reasonable? Is the fee structure transparent? Is the lender easily contactable? Can you find reviews of the lender?

The benefits and drawbacks of instant cash loans

The benefits
  • Access to cash when you need it Sometimes life can throw you a curve ball and you need extra cash for that expense. Instant cash loans could help you out of the tight spot.
  • Fixed fee schedule Payday loans are regulated by the government. You'll know exactly what you'll need to pay and when.
  • Online application process If you need instant cash, you can apply from the comfort of your computer, tablet or smartphone.
The drawbacks
  • High fees While these loans are regulated, the higher risk for the lender means that you will pay more fees for the convenience of the cash.
  • Disreputable lenders It's important to do your research and compare before you apply online to ensure your details are 100% safe and secure

Alternatives to getting an instant cash loan

  • Payday loans. You can apply for a short-term loan even if you have bad credit, with the lender focusing more on your current financial situation. The government also limits how much payday lenders can charge in fees. The maximum loan establishment fee is 20% of the amount advanced, and monthly fees cannot exceed 4%. If you apply at a store-front, you can get the money you need almost immediately.
  • Personal loans. Some banks provide same-day personal loans to their existing customers – you can even apply online through Internet banking. Some online providers of personal loans give you access to funds on the same day.
  • Overdraft. Good creditworthiness or a longstanding positive relationship with your bank can help you get quick money. In this case, you can apply for an overdraft facility linked to your existing transaction account using your bank’s online banking system. This way, you’ll have access to extra money as and when you need it.
  • Credit card cash advance. Using your existing credit card for a cash advance can be an option. If this is possible, you simply have to visit your closest ATM. When getting a credit card cash advance, remember that you might have to pay higher interest in comparison to how much you pay for purchases, but some cards offer low cash advance rates as well.
  • Other alternatives. You don’t necessarily have to borrow to get quick cash. Consider selling unwanted things you own through websites such as eBay or Gumtree. You could also consider having a garage sale to make the money you need.

Is there a way to make sure I can be approved?

While there's no trick to getting your application across the line, it helps to know how the application process works to avoid easy mistakes. All cash advance companies will need to see verification of your income. Lenders usually ask for 90 days worth of your bank statements to verify your income; you may also need to provide your Centrelink documents or your payslips. Your bank statements can be submitted as PDFs or by giving the lender secure, read-only access to your account. Cash lenders will also need to verify your identity. This can be in the form of a licence or passport number and/or Medicare number.

How can I find out if I'm eligible?

You will generally have to be over the age of 18 and be receiving a regular income to apply for a cash loan, but this income may be from Centrelink. The eligibility criteria for instant cash loans is generally less strict than other personal loans. Most lenders focus on your income and current financial situation rather than your credit history. Some lenders will allow you to repeatedly borrow from them if you prove yourself to be a responsible borrower and may increase the amount you are able to borrow.

How can I find the right instant cash loan for me?

When comparing instance cash loans, pay attention to these aspects:

  • Check what the turnaround time is. When in need of quick cash, the turnaround time is crucial. While getting a cash advance within the hour is possible, you’ll typically have to apply well within business hours. You’ll also have to make sure that all the required documents are available. Getting cash loan proceeds on the same day has similar requirements. In most cases, providers of online cash advances transfer funds into nominated bank accounts by the next business day.
  • What is the interest rate I'll be charged? The type of credit you get has a significant bearing on the interest rate. For example, payday loans usually attract noticeably higher fees (represented as percentages) than personal loans. Your creditworthiness and the lender you work with also have an effect on the interest rate you get.
  • Is there transparency in the fees? Hidden fees can easily add to the cost of a loan. Work with lenders who offer transparent fee structures. Find out how much you may have to pay in application fees, loan disbursement fees, late payment fees and prepayment penalties.
  • Loan term. Picking the right loan term can make your loan more cost effective. While extending a loan term leads to lower periodical repayments, it increases how much you end up paying as interest. The reverse is true as well.

Getting a quick loan can be easy, provided you meet some basic criteria. However, given the number of options on offer, it’s important that you compare a wide range before deciding.

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14 Responses

  1. Default Gravatar
    JanJuly 23, 2019

    I am a 78-year-old aged pensioner and would like to know if I can get a loan for $5000 through somewhere.

    • Avatarfinder Customer Care
      JoshuaJuly 23, 2019Staff

      Hi Jan,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      You might want to check this page, Jan.

      On that page, you will be able to find some lenders who might be able to find lenders who offer loans to pensioners. There’s a table on that page you can use to compare loans based on turnaround time, maximum loan amount, and cost, to name a few.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    katNovember 2, 2018

    I need a loan but I have no asset procedure against me can you help

    • Avatarfinder Customer Care
      JoshuaNovember 18, 2018Staff

      Hi Kat,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I understand you want to get a loan. While it is true that you can increase your chance of getting approved for a loan if you have assets that you can use as a guarantee, you can still apply for a loan even if you don’t have assets. As long as you are able to prove to the lender that you can make the repayments, then you should be approved.

      On this page, use our table to compare your options. Click on the “Go to site” green button of your chosen lender. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products and check their eligibility requirements before making a decision and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  3. Default Gravatar
    TrevorMay 16, 2018

    Hi, I receive Austudy from centrelink and need to find a loan centre that will advance me today an amount to clear all my existing cash advances and overlook the fact that my bank account is a little overdrawn

    • Avatarfinder Customer Care
      NikkiMay 16, 2018Staff

      Hi Trevor,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      Looks like you’re on the right page to get an instant cash loan. All you need to do is choose the provider of your choice, click the GO TO SITE and it will direct you to the website.

      Ensure that you meet all the eligibility requirements before you apply to increase your chances of approval.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


  4. Default Gravatar
    RazzelJuly 29, 2016

    Good day! I am looking for a lender who will let me borow the money without any transfer fees or hidden charges. Would you mind to help me? Thanks.

    • Avatarfinder Customer Care
      ElizabethAugust 1, 2016Staff

      Hi Razzel,

      You can compare your loan options using the table on this page. If you borrow less than $2,000 you will not be charged more than a 20% establishment fee and a 4% monthly fee (this is a requirement of ASIC that all short term lenders comply with). You can find out more about the lenders above and their loans by clicking on their names. Once you find a loan you are eligible for and want to apply for, click “Go to Site” to submit your application.

      I hope this helps,


  5. Default Gravatar
    tebogoJuly 22, 2016

    I want a loan quickly today but I don’t know if I apply and get approved…the money will be transferred or not

  6. Default Gravatar
    ShikeraMay 5, 2016

    I applied online for a Loan i just wanted to know if i been (APPROVED)

    • Avatarfinder Customer Care
      MattMay 5, 2016Staff

      Hi Shikera,

      You’ve left your comment on – and online comparison service and not an actual cash loan lender.

      To find out if your loan has been approved, you’ll need to contact the lender that you applied with.


  7. Default Gravatar
    BrittanyAugust 31, 2015

    Can I please get the loan today call me on 04XXXXXXXX

    • Avatarfinder Customer Care
      ElizabethAugust 31, 2015Staff

      Hi Brittany,

      You’ve come through to, as a financial comparison service we don’t actually offer the loans ourselves. To apply with any of these lenders please click ‘Go to Site’, many of them offer a quick turnaround time.

      I hope this has helped.



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