Loan King Payday Loans

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Australia’s Loan King offers online five minute cash loan applications, fast approvals and responsible lending practices

Loan King is an Australian lending brokerage, finding lenders for borrowers. This service is very useful in speeding up lending processes. Loan King cash loans may be taken out for any purpose.

Loan King offers short term loans up to $1000. They also provide refinancing options, in some cases, on a discretionary approval basis.

Comparison of Payday Loans

Whilst we don't directly compare Loan King Payday Loans, you could use the table below to compare a range of loan options available

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 to 12 months
24 to 48 hours
0% Establishment Fee + monthly fee 4%
A small loan between $500 and $2,000 that can be funded in 24 hours. Note: Save up to $400 when you apply for a small loan from $500 to $2,000 and are approved for a 0% establishment fee. T&Cs apply.
Jacaranda Finance Personal Loan
9 to 24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour. Special Offer: Go into the draw to win an iPhone 12 Pro when you apply for a loan with Jacaranda. To be eligible you need to apply before 31 July 2021 and receive your completely funded loan before the last winner is drawn. T&Cs apply.

Compare up to 4 providers

Types of personal loans from Loan King

Loan King loans are geared to work as cheap, practical fixers for budget problems. These loans fit in the bandwidth for typical domestic expenses, oversized household bills, and out of the blue unexpected costs.

Loan King offers a basic cash loan. Borrowers simply nominate the amount they want to borrow, up to the $1000 limit with a loan interest charged at standard market rates. Payments are automatically debited on the agreed payday.

The primary characteristic of small cash loans is that they don’t turn into additional problems for borrowers. They’re very easy to manage. This is a no-fuss borrowing and repayment process.

Another notable feature of short term cash loans of this kind is that they’re designed to work as solutions for immediate financial needs. They’re the exact opposite of credit cards, reducing the risk of taking out a loan and being stuck with charges for years afterwards. These cash loans are for a given term with little possibility of extending it to the terms of larger personal loans.

Features and benefits of a Loan King personal loan

Short term cash loans can be a way fixes for financial problems. They’re a cost-effective way of clearing up problems such as unexpected bills, budget-threatening payments, and similar financial nuisances. These loans are also very effective for managing cash flow problems in between paydays. The classic role of short term loans is as coverage for financial shortfalls.

Interestingly, one use of cash loans is to take control of personal and family expenses. One scenario is that bills and expenses snowball and those trying to pay their bills are hit with added costs and wind up with more problems. Loan King short term cash loans ensure this doesn’t happen.

A simple cash injection from a cash loan can do a lot to shut down spiraling costs and debts. Firstly, it tidies up and removes the outstanding bills. Secondly, it creates a single set repayment process, instead of multiple repayments to different creditors.

The result is to finally get these costs into a manageable position. Repayments are easy and automatic, making it much easier to manage a household budget, and make sure the loans are repaid very quickly, which is why cash loans have become so popular.

How to apply for a personal loan from Loan King

Loan King has a straightforward loan application process. Just click ‘Go to Site’ anywhere on their website. You’ll be directed to an online application form. After you submit your form, Loan King assesses your application, and finds a lender for you. Loan King only requires basic personal information, and doesn’t ask for documentation unless it’s necessary.

Eligibility requirements

To be eligible for a Loan King loan, you must be over 18, an Australian resident, permanently employed, and have a bank account.

Bad credit ratings may not be an issue with Loan King. They assess your current circumstances, and if you’re otherwise eligible, you should be approved for a loan.

Loan King is a well-known Australian cash loan provider. Their primary business focus is practical lending for short term financial needs, and their loans deliver value accordingly. Loan King makes applying for a loan quick and simple and their loans are available Australia wide. The company provides a large amount of useful information for borrowers, including a blog and a FAQ page. Loan King’s onsite information also includes some thoughtful information and tips for consumers about managing financial issues.

Loan King takes a very hands-on approach to responsible lending, which is consistent with the financial industry standard of best lending practice. Their services are provided on a strict basis, which includes statutory compliance with federal, state and territory laws. Loan terms and rates are well defined. and borrowers are able to see all costs and charges upfront. They also provide advisory services for loan applicant and borrowers, and a dispute resolution service.

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