Payday Loans in Sydney

Find available payday lenders in Sydney

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While it's a major tourist destination and an economic hub, Sydney is also the most expensive place to live in Australia, and it may not be uncommon for financial emergencies to arise for Sydney residents.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here:

⚠️ Warning about Borrowing

payday-warningDo 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:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

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.

In the case of financial emergencies, some people may turn to applying for a payday loan. Payday loans are short term financial solutions, usually for fairly small amounts of cash that are designed to tide people over until the next payday. While small payday loans (under $2,000) are subject to an ASIC fee cap (a 20% establishment fee and 4% monthly fees) the repayments can be high, with interest and fees accumulating very quickly.


Sunshine Short Term Loans

This is a short-term loan offer with a fast and easy online application for good or bad credit borrowers. You can apply today to get approved for up to $2,000. Get your loan funded in 30 minutes - conditions apply.
  • Loan Amount: $2,000
  • Loan Term: 9-14 weeks
  • Turnaround Time: 30 minutes - conditions apply
  • Fees: 20% of loan amount + 4% of loan amount each month
  • Bad credit borrowers OK
  • Quick & easy Approval
Sunshine Short Term Loans
  • Bad credit applicants considered
  • Fast approval service
  • Borrow up to $2,000
Go to site More info

Comparison of Payday Loans available in Sydney

Data indicated here is updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 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 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Nimble Short Term Loan
62 days to 9 months
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 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Fair Go Finance Small Loan
3-12 months
1 business day
Establishment fee 20% of loan amount + monthly fee 4%
A small loan between $500 and $2,000 that can be funded in 24 hours.

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. Customers can be approved as long as they demonstrate an ability to repay the cash loan and meet the lender's criteria. This may include showing evidence that they are employed or have a regular source of income that allows them to reasonably repay the loan. Repayment terms are usually between 16 to 60 days, but some payday loans can have terms of one or even two years.

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 for a first-time borrower. Loan customers can apply online and money is usually transferred to their account within a few hours of approval.

How to compare payday lenders in Sydney:

Payday loan providers can offer approval in a short space of time, but the costs and fees associated with a payday loan are usually high. In Sydney, finding a provider is straightforward, especially online. It's important for prospective applicants to compare the offers available and calculate their repayments prior to submitting an application, to help them to work out how much they can borrow and how much they'll have to repay.

Some lenders can advance customers up to $2,000 within 24 hours, as long as they meet all of the payday lender's requirements for the cash loan. Loan customers can expect to pay an establishment fee of 20%, and monthly fees of 4% of the principal amount that they borrow, but some lenders might offer cheaper payday loans.

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

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. Customers can also apply for a payday loan online in the Campbeltown and Liverpool areas. No matter where someone is in Sydney, there are short term cash loans options available.

Pros and cons of using a payday loan

  • Straightforward 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 successful applicants access to funds when they need them.
  • Secure application.
    Many lenders offer a secure online application through third-party applications where someone's financial statements are assessed. This helps to make the process quick as well as safe.
  • Disreputable lenders.
    Because payday loans are intended for financial emergencies, they attract both vulnerable people and predatory lenders. Prospective borrowers should always ensure the credibility of their lender and never borrow more than they can afford to repay. Check for a credit licence on the ASIC Register and ensure that the lender is easily contactable.
  • Short term.
    The terms of payday loans are usually very short, meaning that repayments can be high.
  • High rates and fees.
    Since the criteria for approval is more flexible, fees and rates are much higher than those for regular personal loans, and there is no cap on late payment or default fees. If borrowers are in real financial trouble, repaying a payday loan might land them in deeper debt. Check to ensure that your lender is not charging you more than ASIC allows.

Questions to ask your payday loan provider

  • How much should I borrow?

Payday loan providers will lend the maximum amount for which someone is 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 someone borrows $200 for just one month, they 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.

Picture: Shutterstock

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4 Responses

    Default Gravatar
    NatashaMay 11, 2016

    What are the requirements in applying Payday Loans ?

      Avatarfinder 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,


    Default Gravatar
    EmmaApril 1, 2016

    My own birthday presents

      Avatarfinder 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.



Go to site