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Payday Loans in Brisbane

Coming up short well before the end of the month? Find out your short term loan options in Brisbane.

Thanks to tourism and a boom in the white-collar and blue-collar industries, Brisbane currently boasts one of the highest average incomes per household in Australia. Even so, out of the three million people in Australia's most populous city, thousands still struggle to make ends meet between paydays.

Payday loans can be easy to secure: applying for one requires practically no paperwork. People can almost always apply online and funds are made available hours after approval. Between the rising cost of living, unforeseen costs and household expenses, payday loans could provide relief when a salary falls short of bridging the gap.

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: 9-15 weeks
  • Turnaround time: 30 Minutes - conditions apply
  • Fees: 20% of borrowed amount + 4% of borrowed amount each month
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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Compare a range of payday loans

Rates last updated December 17th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
$2,000
9-15 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
$396
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)
$2,000
Up to 2 years
24 hours
47.8% APR
$316.70
Apply for up to $2,000 as a convenient line of credit.
Nimble Short Term Loan
$2,000
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
$396
Apply for a short term loan and you could borrow up to $2,000
Credit24 Short Term Loan
$2,000
6-12 months
Same day
20% of loan amount establishment fee + 4% of loan amount monthly.
$396
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.
Ferratum Cash Loans
$1,900
up to 6 months
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
$396
A small loan from Ferratum lets you borrow up to $1,900 without a credit check

Compare up to 4 providers

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How do payday loan providers in Brisbane work?

Most providers in Brisbane allow online applications, which means little to zero paperwork for applicants. A few personal details will be required as well as information about your income, expenses and employment. Applications are processed and funded usually within 24 hours. If you have the means to repay the loan your application is usually considered.

Brisbane providers will lend up to $2,000 as long as applicants meet the criteria. Some go even as high as $5,000. As for the cost, for a loan up to $2,000 you will pay a 20% establishment fee and a 4% monthly fee. Loans over $2,000 will have higher fees and charges.

Information about how to compare payday loans

How to compare Brisbane Payday Loans

How to compare short term loan lenders

In general, payday-loan providers have minimal requirements for approval and in a vas majority of occasions, every applicant is approved. The price for the guarantee of quick cash is high interest and repayment required within a short period of time. The applicant has to consider these terms seriously when deciding how much to borrow.

For example, one of the criteria for a payday loan from Loan Ranger Cash Loans is that applicants must receive their salaries electronically. Based on the application, the client accepts the offered amount via electronic signature and the 'Little Loan' is transferred.

What areas in Brisbane are Payday Loans available?

Payday loan providers generally have a strong online presence, but people can find provider offices almost anywhere in the greater Brisbane area.

  • Inner-city precincts South Bank and Fortitude Valley are considered the fashion, entertainment and social hubs.
  • Brisbane's suburbs Include the chic Ascot and Hamilton, West End with its classic and vintage overtones, Roma Street Parkland with its iconic park and Bayside with its foreshores of Shorncliff, Wynnum and Manly.

What are the benefits and drawbacks to weigh up?

  • Approved within hours.
    A payday loan is approved within hours following the application and money is made available almost immediately after approval.
  • Relieves financial pressure.
    When in a tough spot financially and all options have been exhausted, a cash injection via a payday loan provides a welcome boost until the next payday.
  • Minimal paperwork.
    Most applications are submitted online, which means zero paperwork. Applicants are not required to provide reasons for the loan and providers don't conduct credit-history checks.
  • Short term.
    Most providers require that the payday loan be repaid by the following payday or within a maximum of 50 to 60 days.
  • High rates and fees.
    Since there are fewer criteria and no credit checks required for loan approval, the fees and rates for payday loans are quite high.

Questions to ask before you borrow

All payday-loan providers urge potential clients to do their research before applying for a loan, so in the spirit of financial responsibility, shop around and compare rates before committing to a contract.

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