Needy Money Medium Loan Review

Information verified correct on April 24th, 2017

Borrow up to $5,000 and have up to two years to pay it back

Needy Money is a Victoria-based personal and commercial loan provider, and you can approach this financial institution for a Medium Loan to borrow between $2,001 and $5,000. You can choose loan terms of 1 to , and this loan also offers repayment flexibility, allowing you to make repayments.

Once you repay your loan completely you can get another loan through Needy Money, only this time the process is even quicker because you apply as a premium client. If you're approved, you can access your funds in as little as one hour, and you can use proceeds from this loan for just about any legitimate purpose.

How a Medium Loan from Needy Money works

The first step is to submit an online application using the Needy Money website. After Needy Money receives your application along with required supporting documents, it sends you an email to confirm this. You can expect a Needy Money representative to process your application in around 60 minutes, as long as you apply during business hours. Once the processing is complete, you receive a call informing you of the outcome.

Next, you receive the loan contract via email, and this requires acceptance from your end. After you accept the contract’s terms and conditions, you get to select how you receive your funds, and your options include over the counter, by cheque or through electronic transfer.

You have to start making repayments soon after, and these can be in line with your pay schedule.

Compare Other Payday Loans

Whilst we don't compare Needy Money Medium Loan directly, here are some other loans that are similar.

Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Product Description
Sunshine Short Term Loans
9 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
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
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
Apply for a short term loan and you could borrow up to $2,000
Ferratum Cash Loans
Up to 6 mths
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
A small loan from Ferratum lets you borrow up to $1,900 without a credit check
Cash Train Loans
10 weeks or 3 months
1 Business Day
20% of principal amount (establishment fee) + 4% monthly charge
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

Looking to apply? Here are the features on offer

If you’re considering applying for a Needy Money Medium Loan, know that it comes with a number of features, which include the following:

  • Flexible loan amount. Depending on your needs, you can apply for any amount between $2,001 and $5,000.
  • Flexible loan terms. With a Needy Money Medium Loan, you have the option of choosing loan terms of between 1 to 2 years.
  • Choose how you get your money. When it comes to accessing funds after the approval of your loan, you can choose between receiving it over the counter, via cheque, or via electronic transfer.
  • Repayment flexibility. You can set up repayments in accordance to your pay schedule, which basically means that you can make payments every week, fortnight or month.
  • Quick processing. By submitting your loan application during business hours you can look forward to a response within one hour.

Fees and charges

Needy Money gives you a clear indication of all associated fees and charges through your Medium Loan contract, and you get to review these before you accept the contract.

Going through all the fees and charges associated with the loan at the very onset is a good idea, as this gives you an indication of just what to expect. In case you think that the associated fees and charges are high, you don’t have to accept the contract.

How to apply for a Medium Loan from Needy Money

If you want to apply for a Needy Money Medium Loan, you have to do so online. Before applying, establish if you meet the following eligibility criteria:

  • You are a permanent Australian resident
  • You are at least 18 years old
  • You have a source of income

In order to successfully complete the application, you have to provide different types of information as listed below.

  • Personal information such as your complete name, date of birth, marital status, number of dependants, and contact details
  • Banking details like account name, BSB, account number, and length of time the account’s been operational
  • Income details including amount and source
  • Details of your expenses, which include repayments towards all existing debts

While Medium Loans provided by Needy Money give you quick access to funds, so do loans by other financial institutions, so it’s in your best interest to compare a few before deciding.

Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

34 Responses to Needy Money Medium Loan Review

  1. Default Gravatar
    Leeanne | January 10, 2017

    I am unemployed as i was bullied out of my job i gave applied for ovet 100+ jobs and have yet to land one i believe my age is going against me eben though i have an abundance of experience. I havent been able to give my son or myself a holiday for so long and we are both stressed to the max and sre in desperate need of getting away for a short time. My credit rating isnt very good but i have worked out we can afford the loan payments and am wondering if someone could please please help us.
    Kindest regards,

    • Staff
      Anndy | January 12, 2017

      Hi Leeanne,

      Thanks for reaching out and I’m sorry to hear about your situation.

      Please visit this page to check and compare your loan options. Before clicking the ‘go to site’ button to submit your application, please do read the eligibility criteria to apply. You’ll find this information on the loan’s review page.


  2. Default Gravatar
    John | January 4, 2017

    My name is john from adelaide I really need some quick cash my credit record.isnt the best I need about 2000 dollars to cover me for some expenses not on any social media can anybody help cheers

    • Staff
      Anndy | January 4, 2017

      Hi John,

      Thanks for your question.

      Please refer to this page to check for lenders that may consider you for a loan. Please note that other eligibility criteria apply.

      Simply click the name of the loan product you are interested in for more information about its features and requirements. When you are ready to submit an application, please click the “go to site” button.


  3. Default Gravatar
    Tina | December 12, 2016

    Hello I am in need if a 2000 loan I do not have good credit history but i am tryng to rectify it. I am on centerlink with a dependent is there anyone who can help kind regards

    • Staff
      Anndy | December 13, 2016

      Hi Tina,

      Thanks for your question.

      If you have a bad credit history, the lenders on this page may still consider you for a loan. The eligibility criteria vary and some of them accept Centrelink payment as a source of income. Please do click the name of the loan product so you’ll be able to check the eligibility criteria on the review page.


  4. Default Gravatar
    Andrew | October 1, 2016

    I am after a short term loan of around $ 2000 to consolidate my debts but I have a bad credit rating and how long are you able to pay off the loan if approved ?



    • Staff
      Elizabeth | October 4, 2016

      Hi Andrew,

      You can apply for a Needy Money loan even if you have bad credit. You’ll have between 16 days and one year to repay the loan.

      Hope this helps,


    • Default Gravatar
      Andrew | October 4, 2016

      that’s ok but i have applied and been declined and am sure why is there anyway i am go about getting approved ?

    • Staff
      Elizabeth | October 4, 2016

      Hi Andrew,

      You can consider another lender, but there is no surefire way to tell if you will be approved. All lenders will only approve you for a loan if you show you can repay it and meet the minimum eligibility criteria.

      Keep in mind that this rejected application is now listed on your file, and lenders may consider this when you apply for another loan.

      You can compare some of your other options here.

      Hope this helps,


  5. Default Gravatar
    Erin | August 31, 2016

    Hi do you help people with bad credit and on centrelink payments

    Im needing to consolidate my debt

    Kind regards

    • Staff
      Elizabeth | August 31, 2016

      Hi Erin,

      You’ve come through to, a financial comparison service and not Needy Money. However, Needy Money will consider your application if you have bad credit as long as you receive a steady form of income (such as Centrelink payments). You can apply directly on its website.

      I hope this helps,


    • Default Gravatar | September 12, 2016

      Please can help I really need loan I emergency

    • Staff
      Elizabeth | September 13, 2016

      Hi Sam,

      If you’re eligible for Needy Money’s loan you can apply directly on its website. If you want to compare your other options and apply you can do so here.

      Hope this helps,


  6. Default Gravatar
    Tracy | August 16, 2016

    I’m in a part 9 debt agreement.
    Can I apply for a loan amount of $4500?
    Will my bad credit rating affect it?

    • Staff
      Elizabeth | August 18, 2016

      Hi Tracy,

      Bad credit and bankrupt borrowers are able to apply for a loan with Needy Money. Your eligibility will depend on your ability to repay the loan. If you’d like to apply, you can submit an application on the Needy Money website.

      I hope this helps,


  7. Default Gravatar
    Dale | July 30, 2016

    I go bad credit I need a loan but no one want help me I get a Disability pensioner

    • Staff
      Elizabeth | August 1, 2016

      Hi Dale,

      You’re able to apply with Needy Money if you have bad credit or receive the DSP – you just need to show you’ll be able to repay the loan. You can apply directly on its website.

      I hope this helps,


  8. Default Gravatar
    | July 24, 2016

    I’m on Centrelink I’m wanting to get a loan of 2000 how much would I have to pay back

    • Staff
      May | July 24, 2016

      Hi Sherri,

      Thanks for your inquiry. Please note that you’ve come through to we are an Australian financial comparison website and general information service. We are not a lender nor represent any lender featured on our site.

      On this page, you’ll be able to find lenders that offer loans to people who receive Centrelink payments. Please review the criteria and the guidelines outlined on the page before you apply.

      Hope that helps.


  9. Default Gravatar
    nicole | July 2, 2016

    Cant find where to apply

    • Staff
      Anndy | July 4, 2016

      Hi Nicole,

      Thanks for your comment.

      Simply click the green “Go to site” button and you will be redirected to the application page for the particular loan product you are interested in.

      I suggest that you check the eligibility criteria first before submitting an application.


  10. Default Gravatar
    Juditg | June 8, 2016

    I have a overdue electricity bill that are a dept, I can’t afford to pay as I’m only a pensioner and I don’t work. But iam trying to find a company that will be possible to give me the help I need to pay it. All I need is $4884

    When i try other places online I get knocked back because of my credit history.

    • Staff
      Elizabeth | June 9, 2016


      With utility bills it’s best to get in contact with your provider first to discuss your payment issues and ask if you can be put on a payment plan. If they are unable to offer this option you can also consider a Centrelink cash advance. If these options are not available to you, you can consider a loan, such as the Needy Money loan above. You’re eligible to apply as long as you have a regular source of income, but your approval will depend on your ability to afford the loan and manage the repayments.

      You can apply directly on the Needy Money website,


Ask a question