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$3,000
Maximum loan amount
1 hour
Turnaround time
conditions apply
16 to 52 weeks
Term of loan
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Product Name | LastMinuteLoan Short Term Loan |
---|---|
Minimum loan amount | $200 |
Maximum loan amount | $3,000 |
Arrears Fee | $15 |
Loan term | 16 to 52 weeks |
Turnaround time | 1 hour - conditions apply |
Costs | 20% of loan amount + 4% of loan amount each month. Above $2,005, Establishment fee $400 + 48% APR |
Available to Centrelink Borrowers? | Yes |
The loan terms vary depending on the size of the loan being borrowed. For loans between $200 and $2,000, applicants can apply for loan terms between 16 weeks and 50 weeks. For loans between $2,005 and $3,000, the loan terms vary between 39 weeks and 52 weeks. The fees charged also vary depending on the size of the loan and you can compare these charges in the review below. If they meet the eligibility requirements and are approved, customers can receive funds in their nominated bank account within 60 minutes of signing the contract.
The fees and charges that apply will vary depending on the size of the loan you apply for:
When you apply for a loan and before you sign for a contract, you'll be given an outline of the specific repayments and fees that you'll be required to pay. Take a close look at these and determine whether or not you can afford these costs before signing up. Regardless of the size of the loan, this is an expensive way to borrow money and the amount you owe will only get worse if you can't repay the loan on time.
People can apply for a loan online if they meet the eligibility requirements and have the necessary information to complete the application.
You'll receive a response within 5 minutes and if approved, you can receive the funds in your account within 60 minutes.
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.
If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.