SRG Finance
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SRG Finance Payday Loans

Get a cash advance or a short term secured or personal loan. High fees and charges apply.

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SRG Finance provides cash advances up to $1,200 and short-term personal loans of up to $3,000. Approvals are fast and because SRG has a prepaid Visa card is also available, you can also access the funds quickly.

SRG does not perform credit checks for cash advances, but they will look into your credit history for personal loans. For loans under $2,000, there’s an establishment fee of 20% and a monthly fee of 4%. For loans over $2,001, the establishment fee is capped at $400, while the interest charged will be 48% p.a. This loan is expensive and should only be used in case of a financial emergency.

⚠️ 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.

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
SRG Finance Short Term Personal Loan
3 to 12 months
Same day (before 1500 AEST)
20% of borrowed amount + 4% of borrowed amount each month
An unsecured short term loan of up to $3,000 that can be in your account today. The loan is not offered to individuals who are on centrelink benefits.
SRG Finance Cash Advance
62 days
2 hours
20% of borrowed amount + 4% of borrowed amount each month
Apply for a cash advance up to $1,200 and you can receive it on the same day. The loan is not offered to individuals who are on centrelink benefits.

What loans are offered by SRG Finance?

Customers can apply for any of the following loans offered by SRG Finance:

  • Cash advance

    Cash advance customers with SRG can borrow between $100 and $1,200. Please note that the exact amount that an applicant qualifies for will depend on their income. Once someone is approved they can access their loan via their nominated bank account (which SRG will transfer the funds into) or an SRG prepaid Visa card. This loan will need to be repaid over a 9 weeks period.

  • Personal loan

    The short-term personal loan by SRG Finance allows customers to borrow up to $3,000. As with the cash advance, the applicant's income plays a role in how much they can borrow. SRG Finance calculates repayments in advance so every applicant can understand just how much they have to pay each month, allowing them to plan their budget in accordance. Customers will have to repay this loan in a 3 to 12 months period.

  • Secured loan

    The secured loan by SRG Finance allows customers to borrow larger amounts as long as they can provide some kind of collateral in the form of jewellery, a vehicle, a boat or a caravan. Alternatively, people can also get SRG Finance to work out a hire purchase agreement for a product they wish to buy but don't have the money for at the moment. A secured loan takes longer to approve, with applicants finding out around SRG's response 48 hours after they complete their application.

Features of an SRG Finance personal loan

  • Approval and access to funds. Applying for a cash advance or a personal loan through SRG Finance means customers can find out if they have received approval within two hours of completing an application. With SRG's prepaid Visa card, customers get access to cash advance funds more quickly than with overnight bank deposits. For personal loans, applicants nominate a bank account and to have their funds electronically transferred to once the loan has been approved.
  • Visa card. When applying for a cash advance through this provider, customers have the option of getting an SRG Cash Flash Visa card. They can use this prepaid Visa card to withdraw money from all Visa ATMs and to shop at merchants who accept Visa. It also gives them the ability to shop online and over the phone. ATM withdrawals and balance enquiries at Westpac-branded ATMs are free.
  • Credit checks. When applying for a cash advance, customers don't have to go through a credit check. This changes if they apply for a personal loan, where the application process entails a credit check and includes bankruptcy status qualifications.

What are the risks of payday loans?

  • Unaffordable repayments. Payday 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 payday 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 cost of a loan from SRG will vary depending on a number of factors. These include:

  • The loan product that's applied for
  • The loan amount
  • Whether the loan is secured or unsecured
  • The financial circumstances and employment status of the borrower.

That being said, payday loans of $2,000 and under are subject to an ASIC cap. This cap includes a maximum of 20% of the loan value as an establishment fee, and 4% of the loan value monthly in fees. This cap does not include late payment of default fees.

Loans of $2,001 and over are capped at a $400 establishment fee and 48% p.a. in interest.

How to apply for personal loans at SRG Finance

Applying for a personal loan through SRG Finance is straightforward and prospective applicants can start the process by clicking "Go to Site". Prior to submitting an application, loan customers should ensure that they meet the following eligibility criteria to qualify for a loan. Applicants must:

  • Be over 18 years of age
  • Be an Australian citizen or a permanent resident
  • Have been living at the same address for more than three months
  • Have had regular employment for more than 3 months
  • If they have been declared bankrupt, to have been discharged
  • Not be a part of any Part IX or X Debt Agreement

To prove this eligibility criteria, applicants must provide documentary evidence of their income coming directly into your bank account with a 90-day bank statement, as well as 100 points of identification.

Remember to compare

While looking for short term loan products, it is always a good idea to compare options thoroughly prior to submitting an application. Comparing options allows loan customers to best determine which loan will best suit their needs, as well as factors such as the transparency of the lender.

For those who are struggling financially, there is also the option to consider alternatives to payday lending.

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2 Responses

    Default Gravatar
    DeniFebruary 16, 2018

    what loan of 2000 can i get without showing my bank statements as i am paid in cash

      Default Gravatar
      JoelMarch 1, 2018

      Hi Deni,

      Thanks for leaving a question on finder.

      Typically, lenders have their own set of requirements when it comes to qualifying for their loan. Although we’re not sure if you’ll be approved or not, you may like to compare your loan options on this page- for a $2000 loan. Best to contact the lender directly to discuss your chances of approval. .
      If you need anything else, please send me a message.


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