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LoanOne Personal Loan

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LoanOne Personal Loan
Maximum loan amount
Term of loan
1 to 12 months
Do you really need a loan today? If you would like to speak to someone about your finances you can call the free National Debt Helpline on 1800 007 007.


You can get an easy-to-apply for personal loan up to $8,000. Altough, this loan features high interest rates and fees.

This is a secured personal loan and requires proof of asset ownership. With LoanOne’s personal loan, you can borrow between $2,100 and $8,000. Bad credit applications can also apply. Loan terms are short, ranging from 1 to 12 months. You can also re-borrow, as long as you have a good repayment history. Repeat borrowing, however, can lead to a long-term debt cycle and should be avoided. This loan comes with high fees and charges. You will be charged an establishment fee up to $400, depending on how much you’re borrowing. You will also have to pay interest, which can be as high as 48% p.a. This loan is expensive, and as it is secured, there’s also the risk of losing your asset if you cannot repay the loan. Given the cost, these loans are not a long-term financial solution. You should only apply in case of a financial emergency.

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Product Details

Product Name LoanOne Personal Loan
Minimum loan amount $2,100
Maximum loan amount $8,000
Loan term 1 to 12 months
Available to Centrelink Borrowers? No

⚠️ 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.

How does a personal loan from LoanOne work?

An online application for a personal loan from LoanOne can take as little as five minutes, as long as each applicant has proof of asset ownership. Customers can apply for up to $8,000 and loan repayments can be scheduled weekly, fortnightly or monthly. This secured personal loan will not be granted unless the loan applicant in question can prove that they are able to repay what they intend to borrow.

What features does a loan from LoanOne include?

Features that come with a loan include the following:

  • Variable loan terms. Personal loan terms range from 1 to 12 months, so customers can choose the terms that best suit their needs.
  • Flexible repayment options. Customers have the option to pay in weekly, fortnightly or monthly instalments, so they can tailor payments to fit their budget.
  • Online application process. The online application process takes less than five minutes, provided the applicant has their personal information at the ready.
  • Apply with bad credit. Customers will not be automatically rejected if they have bad credit. LoanOne will work with them to see if they can get the loan they need.
  • Re-borrow. Once a loan customer receives confirmation that their loan has been paid off, they can re-borrow. A good repayment history will make the new application and approval process easier.
  • Transparent fees. All fees and charges that customers will need to pay are itemised in the electronic contract that they must sign when their application has been approved.

What fees and charges apply?

Costs involved with loan include:

  • Establishment fee. Up to $400, depending on how much someone wants to borrow.
  • Dishonour fee. $33 if there aren’t sufficient funds in a borrower's account when a repayment is due.
  • Interest rate. Up to 48% p.a. This percentage is dependent on the borrower's repayment schedule and whether or not they wish to pay off the loan faster to offset the interest.

LoanOne personal loan eligibility

In order to be eligible for this loan, applicants must:

  • be an Australian or New Zealand citizen, or permanent resident over the age of 18
  • own a non-financed motor vehicle or a property, or both
  • earn a minimum of $500 net per week
  • have a reasonable credit history and have not declared bankruptcy within the last 12 months.

How to apply

Applicants who wish to apply, are eligible to apply for a loan and have a non-financed motor vehicle or property to back it up, can click “Go to Site” to submit their application. They will need to have the following ready when they apply:

  • A clear idea of how much they'd like to borrow
  • 100 points of ID, such as a photo ID, Medicare card and passport photo
  • Two payslips that are less than 30 days old
  • Three months worth of bank statements

Once someone's loan has been approved, the funds will be in their nominated account within the next business day. If a borrower applies and is approved before 2:00 pm on a business day, the funds will be in their account the same day.

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