Needy Money Loans

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Needy Money

It can be easy to get overwhelmed by our financial circumstance, and during this time it's good to have an alternative where you can seek financial assistance. Needy Money is a lender that offers a range of loans, from short-term loans to commercial borrowing. These loans are provided with flexible repayment schedules and terms, giving you the means to manage your loan. Needy Money provides loans for those with good and bad credit histories and offer quick turnaround. After approval of your loan, cash is transferred through electronic transfer or cheque or it can be collected personally over the counter.

Updated October 21st, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
1-2 year(s)
1 hour - conditions apply*
Based on your credit history, employment and residential stability.
Apply for up to $5,000 and have up to 5 years to repay.

Compare up to 4 providers

The type of loans Needy Money provide

  • Unsecured loans. This loan type can be used for short-term financial emergencoes or unsexpected expenses. Loans from $100 to $5,000 are available in this category and repayment schedules can vary from 16 days to 1 year(s).
  • Personal loans. Customers can access loans from $5,001 to $100,000. This loan can be used for any expense, from a new car to home renovation or an overseas holiday. Repayment can be made weekly, fortnightly or monthly according to your pay cycle. The total repayment time varies from 1 year to 5 years.
  • Bridging loans. These loans are very useful if you're is changing residence. During the time in which your current home is waiting for a settlement, a bridge loan can be obtained. An added advantage of a bridge loan from Needy Money is that you're not restricted to using the cash for buying another property. Borrowers can use this money for any purpose they want.
  • Commercial loans. These loans are available to get new equipment or add resources or staff in your business. The repayment schedule is aligned with the cash flow of the business to make repayments affordable.
  • Cheque cashing. This facility provides instant cash for cheques and eliminates the extra three days of waiting time normally required for a cheque to clear. Customers need to bring requisite ID. Cheques accepted by Needy Money are government cheques, tax refund, bank cheque, wage cheque, insurance cheque and more.

Needy Money and the benefits on offer

  • Wide range of products. The loans are available from a small sum of $100 up to higher loans up to $100,000. This wide range can provide cover for almost every expense that you might come across. Customers can take a loan to tide over small financial shortfalls, for emergency medical expenses, car expenses, home repairs, or even holidays.
  • Flexible repayment schedule. The repayment schedule has been tailored according to the needs of the borrowers. You can pay weekly, fortnightly or monthly depending on your pay cycle. The available term is from 16 days to 5 years.
  • Quick processing. The processing time for these loans is less than one hour, which allows for fast cash availability. For customers who are hard pressed for cash this can be very useful.
  • Bad credit considered. Needy Money welcomes customers with all credit scores. They look at your current repayment ability, allowing those with adverse credit histories to apply.

How much will it cost you to borrow?

The overall cost for the loan varies according to customer’s assets and repayment ability. However all lenders, including Needy Money, have to abide by total interest cap. Lenders can charge a maximum of 4% monthly fees and a 20% establishment fee on loans under $2,000. When you submit your application for Needy Money you can submit a repayment amount that you'll be able to afford.

Are Needy Money loans safe?

Needy Money is registered with an Australian Credit Licence Number and display their contact details on their website. The interest cap and fee cap which are stated by the government limits the overall cost of the loans from Needy Money. However customers should still evaluate their financial situation prudently and only apply for that are absolutely essential.

How to apply for a payday loan from Needy Money

Needy Money has a quick application processing system. If this loan suits your requirement you can apply conveniently online, but make sure you meet the eligibility criteria:

  • Age. You must be at least 18 years of age.
  • Citizen. You need to be an Australian citizen or be a permanent resident of Australia.
  • Income. Your primary source of income cannot be from Centrelink.
  • If you are bankrupt or under a Part 9 Debt Agreement, you cannot have entered into this in the previous 12 months.

When you apply, you'll have to submit certain details regarding your finances and personal information. Have the following handy if you're looking to apply:

  • Personal details like your name, contact information, how many dependants you have and your residential status
  • Your address, the length of time you've resided there and how much your rent/mortgage repayments are
  • Your banking details
  • Financial details including your income, loan repayments, expenses and assets

Frequently asked questions

How long will it take me to receive my loan?

After the online application is made, Needy Money will assess the application and applicants will be contacted within 60 minutes about the outcome. If approved, a contract is sent to the borrower via email. Once the contract is accepted Needy Money can provide the loans quickly through electronic transfer or cheque. Customers can also use the option of getting cash over the counter.

How long will my repayment schedule be?

Needy Money provides a flexible schedule whereby customers can choose a shorter duration for small loans and a longer term repayment, up to two years, for larger loans.

Will my application be refused if I have bad credit score?

No, customers are not refused loans solely on the basis of their credit score. Needy Money accepts applicants with good and bad credit scores and loans according to the repayment ability of the applicant.

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35 Responses

  1. Default Gravatar
    BrettJanuary 4, 2019

    I have a couple of loans that I had no choice. My partner and sister were diagnosed with cancer within a week of each other. The interest I am paying is not good. I need to borrow money to pay out the other loans so I can save on interest.

    • Avatarfinder Customer Care
      JoshuaJanuary 7, 2019Staff

      Hi Brett,

      Thanks for getting in touch with finder. I’m sorry to hear about your partner and sister getting sick. I know how difficult this could be for you.

      I’m not completely familiar with your financial situation. Thus, I can’t provide a personalised advice. However, there are a few things you need to remember when borrowing money. Your options would depend on your ability to make repayments as well as meeting their eligibility requirements.

      Moreover, if you are struggling financially, it would be a good idea to call the free financial counselling service on 1800 007 007. They should be able to provide advice on the best thing you should do.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    GarryApril 18, 2017

    Information is incorrect.
    You cannot apply with Needy money if your a bankrupt or on a debtors petition.

    • Avatarfinder Customer Care
      MayApril 18, 2017Staff

      Hi Garry,

      Thanks for your comment.

      Actually, Needy Money accepts applicants who are bad credit or bankrupt customers, but you would still need to meet their eligibility criteria.

      You can contact Needy Money if you want to discuss your options. Alternatively, if you like to check other lenders, please refer to this page.


  3. Default Gravatar
    Susan.January 16, 2017

    Hi I seen on a post you sometimes lend money for bankrupt people I work and get 800 a week would I be,eligible

    • Avatarfinder Customer Care
      MayJanuary 17, 2017Staff

      Hi Susan,

      Thanks for your question.

      Needy Money accepts applicants who have good and bad credit ratings. If you like to borrow from them, you may contact them first before you submit any application.

      Meantime, if you want to check the loans for bankrupt, they can be found on this page. Please review the criteria and discuss your eligibility and loan options with a lender listed on that page.

      Hope this helps.


  4. Default Gravatar
    GenobiaDecember 16, 2016

    I need some cash now my bankruptcy was discharge about 4 0 5 months ago

    • Avatarfinder Customer Care
      DeeDecember 16, 2016Staff

      Hi Genobia,

      Thanks for your question.

      If you are a discharged bankrupt, you can check this page for lenders who may consider you for a loan. Just click the name of the lender to be redirected to our page where you can check the eligibility and requirements to apply.


  5. Default Gravatar
    danielOctober 24, 2016

    Just so you know for future reference, needy money told me that you have to have full time employment, they DO NOT do unemployed people.

    • Avatarfinder Customer Care
      ElizabethOctober 24, 2016Staff

      Hi Daniel,

      Thanks for the info! We’ll update our pages so they are correct.


  6. Default Gravatar
    danielOctober 24, 2016

    Thank you for that.

  7. Default Gravatar
    danielOctober 23, 2016

    I am unemployed at the moment, receiving Newstart Allowance. I am paying of personal loans to family members and would like to just be able to pay them outright in one go. I also want to go to a health retreat for medical reasons. I am paying my family up to $280 a month in loan repayments. Do you think Needy Money or any others may consider me. I also have one default. I am looking at about an $8000 loan.

    • Avatarfinder Customer Care
      ElizabethOctober 24, 2016Staff

      Hi Daniel,

      Needy Money consider applicants that are on Centrelink for loans, but you’ll only be offered a loan that Needy Money determines you can afford, so you may not be approved for the loan amount you want. You may want to discuss your eligibility with Needy Money directly before you apply.

      Hope this helps,


  8. Default Gravatar
    sibaSeptember 17, 2016

    am unemployed can i get a loan ?if i can how do i apply?

    • Avatarfinder Customer Care
      ElizabethSeptember 19, 2016Staff

      Hi Siba,

      Needy Money will consider you for a loan if you’re unemployed as long as you show you can afford the repayments.

      You can apply directly on its website.



  9. Default Gravatar
    RaviJune 12, 2016

    Hi I m in part 9 agreement for last 3 years …… M paying them 52 $ each week from 3 years…… M doing job now …… I need finance for courier van …… I also got contract from company which is permanent …… Can I get loan thnx

    • Avatarfinder Customer Care
      ElizabethJune 14, 2016Staff

      Hi Ravi,

      Needy Money will consider you for a loan. However, whether or not you are approved will depend on a number of factors, such as your income, your assets, you overall financial situation and how much you’re looking to borrow.

      You can apply for a loan directly on the Needy Money website.



  10. Default Gravatar
    SuzanaMay 28, 2016

    Can I get loan for small busines if I am on Centrelink Care payment and have bad credit history?
    I need new chance in my life and start to work not to be on Centrelink and nothing to do because bad records I have.

    • Avatarfinder Customer Care
      ElizabethMay 30, 2016Staff

      Hi Suzanna,

      The only lender we have available for comparison that provides funding for new small businesses to borrowers with less-than-perfect credit is Max Funding. You can submit an application for pre-approval (this is just a three-question application to see if you may be eligible) which is not a full application. If you have specific questions regarding your eligibility before you fill out the full application (in terms of you receiving Centrelink payments) you may want to contact Max Funding directly.

      I hope this helps,


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