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.
⚠️ Warning about Borrowing
Do 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.
List of short term loans lenders
|Lender||Loan amount||Loan term||Turnaround time|
|Aussie Payday Cash||$70 to $500||16-47 days||Within minutes|
|Buddy Loans Personal Loan||$2,000 to $5,000||1 - 12 months||24 hours|
|Cash Australia||$300 to $2,000||16 days to 12 months||Within 24 hours|
|Cash Cloud||$300 to $2,000||Up to 3 months||Within an hour|
|Cash Converters Loans||$100 to $4,600||up to 12 months||24 - 48 hours|
|Cash Direct||$200 to $2,000||Up to 6 months||-|
|CashnGo Loans||$100 to $2,000||2 - 6 months||60 mins - conditions apply|
|Cash Now Ferntree Gully||$100 to $2,000||16 - 45 days||Next business day|
|Cash Smart||$300 to $2,000||9 - 24 weeks||Same business day|
|Cash Stop||$300 to $5,000||16 days - 2 years||Same Day - conditions apply|
|Cash Today||$2,000||-||Next Business Day|
|Cash Train||$200 to $2,000||10 weeks or 3 months||1 Business Day|
|Champion Money||$15,000||Varies||Next Business Day|
|City Finance||$100 to $5,000||17 weeks to 52 weeks||-|
|ClearCash||$500 to $3,000||4 to 12 months||Next Business Day|
|Club Money||$250 to $5,000||Up to 12 months||1 Business Day|
|Credit24||$500 to $5,000||12 to 24 months||Same day|
|DollarsDirect||$1,000 to $2,025||65-100 Days||Same day - conditions apply|
|Easy Financing||$300 to $5,000||up to 3 months||Same Day if approved|
|Fair Go Finance||$2,250 to $10,000||3 to 36 months||Within 24 hours|
|Fast Access Finance||$300 to $2,500||1-8 months||Within 24 hours|
|Ferratum||$500 to $1,900||3 to 12 months||Same day - conditions apply|
|Financier||$150 to $5,000||2 - 24 months||Next Business Day|
|Funda Custom Credit Solutions||$500 to $5,000||Up to 2 years||Up to 1 business day|
|GetPaidToday||$100to $2,000||1 - 12 months||Same Day|
|Good to Go Loans||$500 to $5,000||4 weeks - 52 weeks||Within few hours|
|iWantPayday||$400 to $45,000||Up to 12 months||4 hours|
|Jacaranda Finance||$300 to $10,000||9 to 24 months||Under 1 hour - conditions apply|
|Kwoom||$100 to $800||32 days||Same business day|
|Max Cash||$1,600 to $10,000||6-12 months||Next Business Day|
|MiFinance||$500 to $1,000||3 to 6 months||Next Business Day|
|Money Plus||$100 to $6,000||13 - 21 weeks||Within 30 minutes|
|MoneyMe||$500 to $50,000||Up to 5 years||Within the hour - depending on your institution|
|Munibox||$5,000 to $2,000,000||3 to 12 months||24 hours|
|MyCashFinance||$1,600 to $10,000||Up to 12 months||Same day - conditions apply|
|Needy Money||$100 to $100,000||Up to 5 years||Within an hour|
|Nimble||$300to $5,000||up to 23 months||1 hour - conditions apply|
|OK Money||$200 to $25,000||Up to 3 years||1 hour - conditions apply*|
|Payday AU||$100 to $1,000||16 - 32 days||Next Business Day|
|Perfect Payday||$100to $2,000||16 days - 1 year||Same Day|
|Purple Payday||$100 to $2,000||1-12 months||Same day - conditions apply|
|Rapid Loans||$2,000 to $10,000||-||Next Business Day|
|Speedy Finance||$300 to $5,000||10 to 60 weeks||Within 24 hours|
|Quick Cash||$200 to $2,000||61 days - 12 months||Within an hour|
|SpotMe||$250 to $1,000||16 days to 3 months||24 hrs|
|SRG Finance||$100 to $3,000||3 to 12 months||Same day (before 1500 AEST)|
|Stress Less Money||$300 to $2,000||3 weeks - 3 months||Same day - conditions apply|
|Sunshine Loan Centres||$150 to $2,000||9-14 weeks||30 minutes - conditions apply|
|Swift Loans||$300 to $4,500||10 - 52 Weeks||Within 60 minutes|
|Swoosh Finance||$2,000 to $4,584||60 days -12 months||Next business day|
|The Money Centre||$100 to $2,000||62 days - 52 weeks||Instantly - conditions apply|
|Today Loans||$500 to $3,000||6 months to 3 years||-|
|Wallet Wizard||$500 to $5,000||Up to 2 years||24 hours|
|Yes Loans||$100 to $50,000||Up to 7 years||Next Business Day|
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.
Prospective payday loan applicants should always compare their options carefully prior to submitting any loan application. They should also remember that while payday loans may seem convenient, they can be debt traps to people who are facing financial difficulties, and should not be taken out by anyone who is unsure as to whether or not they can comfortably meet the necessary repayments.
There are a wide range of short term loan brands in Australia. Prospective applicants should make sure to do their research and compare the range of options before they apply online.