Payday loans comparison guide

Payday loans can cover you when you need cash in a hurry, but it's important to compare lenders.

Payday loans are exactly as their name suggests – small loans to cover you when you are caught short before payday. These loans can be really useful to get access to quick cash, but comparing lenders before you apply for one of these loans will help to ensure you get the right loan for your needs.

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
  • Income requirement: 50%+ of income cannot be from Centrelink
  • Bad credit borrowers okay
  • Quick and easy approval
  • No credit checks
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Short term loan comparisons

Rates last updated August 19th, 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. Note: Centrelink must not be your primary source of income.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 as a convenient line of credit.
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 up to $2,000 and have 62 days to 1 year to repay. Note: Centrelink must not be your primary source of income.
Credit24 Short Term Loan
6-12 months
Same day - conditions apply
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.

Compare up to 4 providers

How you can compare your payday loan options

  • The lenders. These are companies who provide payday loans. Underneath is a short description of their offerings.
  • Max. loan amount. The maximum amount you'll be able to borrow from each lender. Keep in mind you may not be eligible for the full amount.
  • Term of the loan. The range of repayment dates each lender may offer you.
  • Turnaround time. How quickly you may be able to receive your funds from each lender.
  • Total cost of borrowing $100. These are the fees and rates applied to the loan.

4 quick tips to help you compare

  • Sort the table. Click on the column headings to sort the table according to what you want and need.
  • Click through to the review page. By clicking on the name of the loan you can read a detailed review of the payday loan before you apply. Find out fees, features and restrictions plus other important details.
  • Find the information you need. If you're after specific information on loans, we might already have a guide for you on Look through the guides section in the left hand navigation or use the search function at the top of the page.
  • Browse through the loan types. There are a number of loan types at the top of this page on the left hand side that you can navigate to help you find what you need faster. Find loan types such as Centrelink loans, loans for unemployed people or instant cash loans.

How to use the above table to find the right payday loan for you

Now you know what each of the fields in the above table outlines, you can use this to find the right loan for your needs.

  • How quickly do you need the loan? The turnaround time offered by lenders may be the most important factor to you, depending on how soon you need the loan.
  • How much do you need to borrow? Keep in mind that you may not be eligible for the maximum loan amount offered by the lender.
  • What repayments can you afford? Lenders generally structure your repayments around your pay frequency, debiting your account on the dates you get paid. Your repayment amounts will depend on how much you borrow and the terms you're offered.
  • Are you employed or do you receive Centrelink? Payday lenders like to see regular income, whether it be from employment or Centrelink payments. Lenders have specific restrictions if you do receive Centrelink, so be sure to confirm your eligibility before you submit your application.
  • How bad is your credit history? Payday loans are generally sought by people with bad credit history as lenders generally focus more on your current situation, but the number of black marks on your file may have a bearing on your application. Check the eligibility criteria before you apply.

By doing a quick comparison of your payday options before clicking "Go to Site" you can rest assured you're applying with the right lender for your needs and situation.

Compare a range of lenders before making your decisions

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2 Responses

  1. Default Gravatar
    keishaOctober 25, 2017

    I am on centerlink youth allowance, I am inquiring about a 700 loan even though my income from centerlink is living away from home an which I get $437 PER fortnight need help asap from my big ass bill from the dental department

    • finder Customer Care
      HaroldOctober 26, 2017Staff

      Hi Keisha,

      Thank you for your inquiry.

      Since yu are currently receiving a centrelink payment you may want to try with the options listed here.

      I hope this information has helped.


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