PayDayMate Payday Loans

PayDayMate offers short term loans for up to $2,000. The online application process and efficient approval keeps the process short and simple.

PayDayMate offers short term loans for those who need money in an emergency or on a short term basis. Loans are offered between the amounts from $100 to $2,000.

Comparison of Payday Loans

Whilst we don't compare PayDayMate Payday Loans, here is a comparison of other Payday loan providers that you may find useful.

Rates last updated August 16th, 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

Types of personal loans from PayDay Mate

Short term loans are available from PayDayMate for those who need cash in a hurry to cover an urgent expense. If this is something you require, PayDay Mate may be able to provide you with financial support if you apply and are approved. These short term loan terms have a shorter repayment period as well, which varies from 16 to 47 days.

There is a flat fee rate instead of sliding scale interest rates. There are no hidden fees or costs when it comes to borrowing and you can easily review the rates lending table to find out about repayment. The lending table provides specifics on dates and fees, telling you how much you would owe each month for how long.

Your loan limit will be determined after your bank statements are provided and your financial situation has been evaluated. If you are approved, you will be allocated a loan amount, of which you can borrow the entirety or less, depending on what you need.

Features and benefits of a PayDayMate personal loan

  • Online application. It’s easy to check the status of your loan application, so you know where you stand.
  • Flat fees. In terms of interest, PayDayMate charges a flat fee of so there are no hidden costs when repayment time arrives. The repayment and fees will be taken out of your bank account through direct debit, which is setup when you apply for your loan.
  • Responsible borrowing. PayDayMate supports responsible lending and borrowing practices along with regulations in line with the Australian Securities and Investment Commission (ASIC). There is no push to encourage borrowers to take money they can’t afford to pay back.
  • Repayments. PayDayMate provides information about repayment clearly before the application process and gives you 16-47 days to repay your short term loan, depending on your financial situation. If repayment problems arise, you are encouraged to discuss your situation with the company.

How to apply for a personal loan from PayDayMate

You can apply online for a loan from PayDayMate. When you deliver your personal information, it will then go through the Decision Logic software that assesses your eligibility.

Eligibility requirements

To be considered for this loan you must;

  • Be a current resident of Australia.
  • Be 18 years old or older.
  • Have a direct deposit salary.
  • Have a net income of over $667 per month or $334 per week.

PayDayMate loan services are offered to those who need help with cash or financial assistance. The company lets you use the online application to fill in your personal details and wait for approval as well as check the status of your loan online to know when to expect your payment, which can be paid directly to your bank account within 24 hours.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site