Needy Money Personal Loan Review

Bridge any financial gap with a Personal Loan from Needy Money.

Needy Money provides Personal Loans from $5,001 to $100,000 with a flexible repayment schedule. The schedule can be extended up to 2 year(s) to ensure affordable repayments. This loan can be used to finance just about any purchase you have.

What you can expect when you borrow

The Personal Loan from Needy Money offers amounts ranging from $5,001 to $100,000 that can be used for a range of purposes. Needy Money provides loans based on your current income and financial situation. After receiving the loan, a repayment schedule is organised, with the terms available for between 1 and 2 year(s). This repayment is quite flexible depending on the frequency at which you get paid.

Compare other loan options

Whilst we don't compare the Needy Money Personal Loan directly, but here are some other loan options to compare.

Rates last updated January 22nd, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
9-15 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.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
24 hours
47.8% APR
Apply for up to $2,000 as a convenient line of credit.
Credit24 Short Term Loan
6-12 months
Same day
20% of loan amount establishment fee + 4% of loan amount monthly.
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.
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 months
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

Compare up to 4 providers

Features that come with the Need Money Personal Loan

  • Longer schedule. The repayment terms can be extended up to 2 year(s). Depending on the size of the loan you take out, you can opt for a repayment term that makes your ongoing payments more manageable.
  • Flexible repayments. Repayments can be made weekly, fortnightly or monthly according to your pay cycle.
  • Bad credit accepted. Needy Money accepts applicants with bad credit histories and provides loans based on your ability to manage the repayments.
  • No upfront fees. The application can be made without any upfront fees. A final decision of whether to take out a loan can be made after receiving approval for the loan. Before the loan is accepted, the entire process has zero fees, giving greater freedom to applicants.

Fees and charges to consider

Needy Money will establish all applicable fees and charges when you are offered your loan contract. Make sure you read through the contract carefully to know how much you'll need to repay – this includes both upfront and ongoing fees.

How to apply for a Personal Loan from Needy Money

Any loan should be taken after considering your need for it and also making sure you'll be able to manage the ongoing repayments. If this loan suits your needs you can apply conveniently online. After filling out the online form, Needy Money will assess your suitability for a loan and get back to you within 60 minutes.

  • Age. You must be at least 18 years of age.
  • Residency. You need to be a citizen of Australia or be a permanent resident.
  • Income. Yur primary income cannot be from Centrelink.
  • You cannot be bankrupt or under a Part 9 Debt Agreement less than 12 months old.

Are you ready to apply? Make sure you have the following on hand:

  • Personal information. This includes your name, date of birth, mobile, marital status and the number of your dependants.
  • Asset information. Information about assets including your house, car or other investments is required.
  • Income and expense. Information about your salary, employer, expenses, etc.
  • Past loans. Information regarding credit card debt, short-term loans, etc. needs to be filled.
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24 Responses

  1. Default Gravatar
    AARONJanuary 24, 2017

    How do I get A loan when am unemployed

    • Staff
      LouJanuary 24, 2017Staff

      Hi Aaron,

      Thanks for reaching out.

      If you are unemployed, the lenders on this page may still consider you for a loan.

      Please do note the eligibility criteria to apply which include residency in Australia.


  2. Default Gravatar
    LokiOctober 17, 2016

    I cannot locate link to apply for a needy money personal loan. Please help.

    • Staff
      ElizabethOctober 17, 2016Staff

      Hi Loki,

      You can apply with this lender directly on the Needy Money website.

      Hope this helps,


  3. Default Gravatar
    MickeyOctober 11, 2016

    I would also like to enquire about getting a loan of up to $5000 thanks.

    • Staff
      ElizabethOctober 12, 2016Staff

      Hi Mickey,

      If you’re interested in applying with Needy Money you can submit an application directly on its website. Make sure you meet the eligibility criteria before you apply.

      Hope this helps,


  4. Default Gravatar
    leonOctober 3, 2016

    hi ..I am looking to borrow a 5000.00 under your personal loan criteria..what do I need to provide? I mean documents needed??

    • Staff
      ElizabethOctober 4, 2016Staff

      Hi Leon,

      You need to provide your personal and employment information, details regarding your assets and debts (do you own a car? total limit on your credit cards?) and 90 days of your bank statements. You will also need a form of ID.

      If you head to Needy Money’s website and click “apply now” you can see the application form before you submit it.

      Hope this helps,


  5. Default Gravatar
    AmySeptember 11, 2016


    Wondering how do I borrow 20000

    • Staff
      MaySeptember 12, 2016Staff

      Hi Amy,

      Thanks for your inquiry.

      If you would like to discuss your eligibility for a $20,000 loan, please contact Needy Money directly or visit their website to submit your application. Please make sure to read the criteria before you apply.


  6. Default Gravatar
    TonySeptember 8, 2016

    Hi I am looking for 10k loan, my credit is not great , but I do have a well paying job and been working for two company for 4 years

    • Staff
      ElizabethSeptember 8, 2016Staff

      Hi Tony,

      Needy Money will consider you for a personal loan even if you have bad credit history. It comes down to your ability to afford the loan which Needy Money will determine by your financial situation (income, assets, debts, etc.)

      You can apply for a loan on its website.

      Hope this helped,


  7. Default Gravatar
    pamelaAugust 17, 2016

    interesting rate on 20000 loan

    • Staff
      MayAugust 17, 2016Staff

      Hi Pamela,

      Thank you for your question.

      If you wish to apply for a $20,000 loan with Needy Money, please submit your application online. Be sure to review the criteria and requirements before doing so.


  8. Default Gravatar
    ChareeApril 4, 2016

    Dear Sir/Madam

    I just closed down my business. I m now looking for work. I wondering would I be able to borrow money ?


    • Staff
      ElizabethApril 4, 2016Staff

      Hi Charee,

      To be eligible for a Needy Money loan you need to be earning some form of income, whether that be from Centrelink payments or elsewhere. Your Centrelink payments can be from Newstart, for instance.

      You can head to the Needy Money website and click the ‘apply now’ button to take a look at the full application form and the details required before you submit the application.

      I hope this has helped.



  9. Default Gravatar
    MollyMarch 21, 2016

    I am 10,000 short to buy a property. . . With no current income . . . The purchase of this property would give me income to repay any loan.

    • Staff
      ElizabethMarch 21, 2016Staff

      Hi Molly,

      Needy Money do consider unemployed applicants for loans but consider your financial circumstances and ability to repay the loan when deciding whether to approve you. You can head over to the Needy Money website to find out more about its loan offerings and find out if you’re eligible for a loan – if you have questions about the application it would be best to contact Needy Money directly.

      I hope this has helped,


  10. Default Gravatar
    JohnnyFebruary 21, 2016

    Need to get 5 grand loan fast as possible with bad credit who may help me

    • Staff
      ElizabethFebruary 22, 2016Staff

      Hi Johnny,

      You can read a guide and compare lenders offering loans up to $5,000 to those with adverse credit history on this page.

      I hope this information will help.



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