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Quick and Easy Finance Small Loan

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Quick and Easy Finance Small 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.


Quick and Easy Finance can help people get smaller loans quickly.

Quick and Easy Finance offers both secured and unsecured loans. You can use your car as loan security for a secured loan. Maximum loan amounts are $2,000, with loan terms up to 12 months. You can apply for this loan online, or through fax, email or over the phone. This loan is expensive, and features high fees and charges. For a loan of $2,000 with a 12 month term, you can expect to pay $3,359.93 in total.

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Product Details

Product Name Quick and Easy Finance Small Loan
Minimum loan amount $500
Maximum loan amount $2,000
Loan term 1 to 12 Months

⚠️ 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 the Quick and Easy Finance small loan work?

The process for a Quick and Easy Finance short-term loan begins by a prospective borrower applying for a loan of between $500 and $2,000. It's important for customers to know how much they can afford to pay back because even though they make repayments by payroll deduction, the repayments might not leave them with enough to live on.

Quick and Easy Finance suggests that customers only take out loan amounts that are 20% of their net income. Due to the short term of the loan, this means that they can pay off their debt quicker.

Features of a loan from Quick and Easy Finance

Here are the features that customers can expect from a short-term loan from Quick and Easy Finance:

  • Turnaround time. Once Quick and Easy Finance has approved someone's loan, they can expect the money within their account by the next day.
  • Variety of ways to apply. Customers can apply through fax, email, phone or the online application.
  • Payroll deduction system. Quick and Easy Finance uses a payroll deduction system and takes the money out of loan customers' pay in instalments.
  • Flexible repayment terms. Successful applicants can pay the loan back in weekly, fortnightly or monthly instalments.

What are the risks of short term loans?

  • Unaffordable repayments. Short term loans are an expensive way to borrow money and should only be used as a last resort. Check the size of each repayment and ensure you will be able to pay it on time. Unaffordable repayments can lead to late fees that will only make things worse.
  • High rates and fees. Rates and fees on short term loans are high but there are rules in place so be sure to check your lender is not charging you more than ASIC allows. Also, look at what you would be charged if you are late on a payment or if you default on the loan altogether.
  • Unreputable lenders. All Australian lenders should be accredited by ASIC. Check for a credit licence on the ASIC Register and ensure that the lender is easily contactable.
  • Impact on credit score. Every loan application shows up on credit reports. While lenders might not consider credit history, applying for lots of loans within a short period can have a negative impact on your credit score in the future.

Fees and charges

The fees and charges for this loan are already calculated in the repayment calculator. This means that the amount an applicant sees after they've chosen their repayment terms, the term of the loan and the frequency of payments is the amount that will be taken out of their account.

There are no fees or charges for paying off a loan early, although there is a $15 charge to access an applicant's credit information when they apply for this loan. However, since the lender takes out the repayments through payroll deductions, their department might charge them a processing fee. This processing fee will be added to their payment.

Quick and Easy Finance short-term loan eligibility

It is important to note that if an applicant is a pensioner, self-employed or a casual employee, Quick and Easy Finance will not accept their loan application. Applicants will also need to meet the following eligibility requirements to get a loan:

  • Be 21 or over.
  • Not apply for a loan amount that exceeds 20% of their current net income.
  • Be employed at the current job for the duration of the loan.
  • Be employed as a full-time employee.
  • Agree to sign the payroll deduction authority offered by Quick and Easy Finance

How to apply

Customers will need the following documentation to apply:

  • A copy of their driver's licence
  • A copy of their Medicare card
  • A copy of their last three payslips.
  • Three months’ worth of bank statements showing their salary deposits.

They can apply through fax, mail or phone as well as through the online application.

Short term lenders to compare

Whilst we don't compare Quick and Easy Finance loans directly, use the table below to see how they compare against other loans.

1 - 6 of 6
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
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.
Credit24 Short Term Loan
4 to 12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay. Centrelink borrowers are considered as long as Centrelink payments are not more than 50% of income.
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.
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.

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