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Loan King Payday Loans

Borrow up to $1,000 and get matched to a lender. High fees and charges apply.

Loan King is an Australian lending brokerage, which matches borrowers to lenders. Loan King offers short term loans up to $1000. They also provide refinancing options, in some cases, on a discretionary approval basis. Applications are available online and easy to fill out. This loan is expensive and comes with high fees and charges. You can expect to pay standard payday loan charges, which include an establishment fee of 20% the loan amount and a monthly fee of 4%. Payday loans are not a long-term financial solution and can lead to further debt. You should only apply for a payday loan in case of an emergency.

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
12-20 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $3,000 that you repay over 12-20 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Fundo Small Loan
13 to 26 weeks
Same day - conditions apply
20% of loan amount + 4% of loan amount each month
Borrow up to $2,000 and pay it off over 20 weeks. Same day approval for eligible borrowers.
Fair Go Finance Small Loan
3 to 12 months
24 to 48 hours
Establishment Fee of $60 – $400
A small loan between $500 and $2,000 that can be funded in 24 hours.
Nimble Small 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 ($500 to $2000)
13 to 50 weeks
Same day - conditions apply
20% establishment fee + 4% monthly.
Borrow from $500 to $2,000 with same-day funding and no early repayment fees.

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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