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Payday Mate Payday loans

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

Matt Corke
Matt Corke

Updated

Payday Mate

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Payday Mate 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 Payday Mate Payday loans, here is a comparison of other Payday loan providers that you may find useful.

Data indicated here is updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
Sunshine Short Term Loans
$2,000
9-14 weeks
30 minutes - conditions apply
$35
20% of loan amount + 4% of loan amount each month
$396
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Go to site
More Info
Nimble Short Term Loan
Nimble Short Term Loan
$2,000
62 days to 9 months
1 hour - conditions apply
$15
20% of loan amount + 4% of loan amount each month
$372
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Go to site
More Info
Safe Financial Small Loan
Safe Financial Small Loan
$5,000
22 - 52 weeks
Same day - conditions apply
$35
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + from 8.7% to 48% APR
$396
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
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More Info
Fair Go Finance Small Loan
Fair Go Finance Small Loan
$2,000
3-12 months
1 business day
$35
Establishment fee 20% of loan amount + monthly fee 4%
$354
A small loan between $500 and $2,000 that can be funded in 24 hours.
Go to site
More Info
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Compare up to 4 providers

Types of personal loans from Payday Mate

Short term loans are available from Payday Mate 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 16-47 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 Payday Mate 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, Payday Mate 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. Payday Mate 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. Payday Mate 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 Payday Mate

You can apply online for a loan from Payday Mate. 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.
Payday Mate 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.

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