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Payday Loans in Sydney

Generally quick and easy to secure, payday loans can be an ideal short-term alternative for covering unexpected expenses.

Unforeseen expenses, holidays, car repairs not covered by insurance; sometimes coming up short is unavoidable. If you're in need of cash, payday loans can help tide over your household until you next get paid. Living in a rich, prosperous city like Sydney is a double-edged sword. While it's a major tourist destination and an economic hub, it's also the most expensive place to live in Australia.

The high cost of living can be difficult to manage, especially for regular working people. Thanks to flexible criteria, a payday loan can be the alternative to help make ends meet when your salary doesn't stretch all the way to the next payday.

Sunshine Short Term Offer

Sunshine Short Term Offer

  • Bad credit applicants considered
  • Fast approval service
  • Borrow up to $2,000
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100% confidential application

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
  • Income requirement: 50%+ of income cannot be from Centrelink
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks
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Comparison of Payday Loans available in Sydney

Updated January 24th, 2019
Name Product Maximum Loan Amount Term of Loan Cash Deposited In Costs Fortnightly Repayment (for $1500 Loan)
9-15 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 9-15 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.
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.
6-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay.
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.
6 to 12 months
20% of loan amount + 4% of loan amount each month
A short-term loan from $500 that you can have up to 12 months to repay. All credit histories considered.

Compare up to 4 providers

How do payday loans providers in Sydney work?

The criteria for obtaining a payday loan isn't as strict as with regular personal loans. You can be approved as long as you demonstrate an ability to repay the cash loan and meet the lender's criteria. Repayment terms are usually between 14 to 60 days.

Keep in mind borrowing on these terms can be expensive. In Sydney, most cash loan companies will lend up to $2,000, although this amount might be lower if you're a first-time borrower. You can apply online and money is usually transferred to your account within a few hours of approval. There are other lenders who will even provide an instant cash loan without a credit check.

You can compare payday lenders in Sydney – here's how:

Payday loan providers offer you quick approval, but since it is short-term term option, the costs and fees associated with a payday loan are usually high. In Sydney, finding a provider is easy, especially online. It's important to compare the offers available and calculate your repayments to help you work out how much you can borrow and how much you'll have to repay.

Some lenders can advance you up to $2,000 within 24 hours, as long as you meet all the requirements for the cash loan. You can expect to pay an establishment fee that is 20% of the loan amount and monthly fees of 4% of how much you borrow, but some lenders offer cheaper loans.

Before applying for a Sydney payday loan you should make sure that you are aware of the costs and fees involved.

See Also: Business Cash loans in Sydney

What areas in Sydney are payday loans available?sydney-pic

Payday loans are available throughout Sydney with online applications making them accessible for residents of Sydney's suburbs and the inner city. Located west of Sydney's central business district on the shores of the Port Jackson and Cooks rivers, the Inner West district encompasses Ashfield, Newtown, Glebe, Balmain, and Leichhardt.

The Sydney Opera House and Harbour Bridge are the main attractions in the north, while Sydney South is known for its natural attractions like the beaches and national parks.

Other payday lenders are also accessible to those areas out west in Blacktown and Penrith. You can also apply for a payday loan online in the Campbeltown and Liverpool areas. No matter where you are in Sydney, there are short term cash loans options available.

Benefits and drawbacks of using a payday loan

  • Quick approval.
    Payday loans are approved quickly, usually within hours of application. Funds are then made available almost immediately after approval, between a few hours to two days following approval.
  • Financial breathing room.
    A payday loan can give you access to funds when you need it, allowing your budget a bit of room to stretch before payday when needed.
  • Secure application.
    Most lenders offer a secure online application through third-party applications where your financial statements are assessed. This helps to make the process quick as well as safe.
  • Short term.
    Your payday loan must be repaid by the following payday or within a maximum of 50 to 60 days.
  • High rates and fees.
    Since the criteria for approval is more flexible, fees and rates are much higher than those for regular personal loans. If borrowers are in real financial trouble, repaying a payday loan might land them in deeper debt.

Questions to ask your payday loan provider

  • How much should I borrow?

Payday loan providers will lend the maximum amount for which the you're eligible. Borrowers should be aware of the repayment implications before deciding on how much to borrow.

  • How much will it cost?

Generally, applying for a payday loan implies an establishment fee equal to 20% of the loan amount. In most cases, a per-month interest rate of 4% applies for repayments. For example, if you borrow $200 you will have to pay back $248.

  • What happens if I can't make repayments?

Providers can help clients find solutions if they can't repay, but failure to make payments will damage credit rating and land the borrower in even worse financial trouble.

Do you really need a cash loan today?

Applying for a payday loan might be an easy way to get out of a hole, but borrowers should be aware that they're expensive and much shorter-term than regular personal loans. There are thousands of providers out there, so take the time to compare interest rates and policies before settling on one.

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4 Responses

  1. Default Gravatar
    NatashaMay 11, 2016

    What are the requirements in applying Payday Loans ?

    • finder Customer Care
      ElizabethMay 11, 2016Staff

      Hi Natasha,

      You can find a list of the requirements and eligibility criteria listed on each review page, which you can access by clicking on the name of the lender. If you’d like a general idea of the eligibility criteria, we’ve written a quick guide here.

      Hope this helps,


  2. Default Gravatar
    EmmaApril 1, 2016

    My own birthday presents

    • finder Customer Care
      ElizabethApril 1, 2016Staff

      Hi Emma,

      If you’d like to apply for a loan to cover the cost of some upcoming expenses, such as birthday presents, you can compare your options using the table above. Once you’ve found a loan you’re eligible for and that you’d like to apply for, you can click “Go to Site” to submit your application.



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