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Teleloans Payday Loans

Teleloans offers online business loans, small cash loans and bad credit loans with variable loan options.


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Teleloans is a Queensland based online loan services provider. Loans may be sourced from a credit provider, Finance and Loans Direct Pty Ltd, or in some cases from Teleloans Pty Ltd. Loan terms and conditions may vary depending on the type of loan and applicable financial legislation.

Teleloans offers a range of small cash loans and business loans for various purposes.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here:

⚠️ 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.

Comparison of Payday Loans

While we don't compare Tele Loans 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
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Nimble Short Term 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
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

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

Compare up to 4 providers

Types of personal loans from Teleloans

The two basic types of loans offered by Teleloans are simple cash and business loans, aimed at providing emergency cash relief for borrowers. Teleloans states that its intention is to provide useful cash sources for clients to manage financial situations.

Teleloans cash loans are small payday loans. The term of these loans may be up to days, with first payments required to be made within 20 days of funding. Cash loans amounts vary from $100 to $200 for first time borrowers and up to $1,000 maximum.

Business loans from Teleloans are unsecured. Business loans may be up to $1000 with variable terms depending on borrower preferences.

Teleloans additionally offers borrowers an option to conduct loans through their services or directly with the credit provider, Finance and Direct Loans Pty Ltd, advising the benefits and costs of this alternative.

Borrowers can also have a guarantor for their Teleloans. This method is generally used as a risk management option for lenders and may also be appropriate for some borrowers who are unable to document sufficient income for approval.

Fees and charges are applicable, with additional fees and charges calculated according to the terms of specific loans.

Features and benefits of a Teleloans personal loan

  • Teleloans is an emergency payday advance provider. Their basic cash loans are small, and may assist borrowers with short term cash needs. Business loans are similarly configured to provide cash for short term coverage of temporary costs and business expenses.
  • Bad credit loans. Teleloans advertises a small loan option for those with credit history issues, stating that borrowers' 'credit history is history', which is for emergency loans only. The company provides other documentation which states that for larger loans, credit history is taken into consideration for loan approvals.
  • Loan choices. Teleloans offers borrowers a choice of terms for loans. Loans may be taken out under the National Consumer Credit Protection Act, or under the terms of their Guaranteed and Managed Loan service. Different conditions apply to each type of loan. The different terms of loans include different fees and conditions. Under the Guaranteed and Managed Loan service terms, a credit check is not conducted.
  • Flexible repayments. Loans payments may be made through credit cards, direct debit or money orders in emergency situations. This level of flexibility in repayment options may be suitable for some borrowers in preference to other alternatives.

How to apply for a personal loan from Teleloans

Depending on the type of loan that someone needs, they can choose the Payment Advance tab for cash loans, and the Business Advance Tab for business loans. These pages are the Teleloans loan application forms.

Eligibility requirements

Personal payday loans

Applicants must be over 18 and meet one of the following criteria in order to apply:

  • In paid employment
  • Have a mobile phone in the borrower’s name
  • Have a landline in the borrower’s name

Documentation in the form of two forms of identification and bank account information is required.

Teleloans business loans

  • Businesses must have an ACN or ABN
  • Proof of payment information

Documentation requirements include bank account information and may include requests for other documentation of business information if required.

At a maximum of $1,000, Teleloans cash loans are smaller than the cash loan market average of around $1500. These cash loans are structured to act as emergency cash, rather than financial fixes for major budget issues. They may be useful to borrowers for managing expenses.

The Teleloans business loans are also notably smaller than the short term market average, at $1,000. This amount is geared to providing cash for current cashflow issues. For business borrowers, these loans may be suitable for managing small business costs.

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