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$2,000
Maximum loan amount
Same day
Turnaround time
63-90 days
Term of loan
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Product Name | PayExpress Short Term Cash Loan |
---|---|
Minimum loan amount | $250 |
Maximum loan amount | $2,000 |
Loan term | 63-90 days |
Turnaround time | Same day |
Costs | 20% of the amount borrowed + 4% of the amount borrowed per month. |
Available to Centrelink Borrowers? | No |
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: https://www.finder.com.au/coronavirus-financial-help
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:
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.
PayExpress offers loans up to $2,000 depending on their financial situation. The entire application process is online, which includes uploading or emailing their ID and bank statements to PayExpress' loan agents.
Loan charges include an establishment fee that is 20% of the amount borrowed and a monthly fee that is 4% of the amount borrowed.
Customers will have between 63-90 days to repay what they borrow. Repayments are automatically direct debited from the bank account they are paid into.
While applicants don’t pay interest on PayExpress loans, the following fees and charges apply:
Applicants must fulfill the following criteria to apply for a PayExpress Short Term Cash Loan:
If they can meet the eligibility criteria outlined above, they can apply online. To complete the application, they will need the following information:
Following a credit check, PayExpress will get in touch with customers within an hour of their application. If approved, they may receive a same-day deposit.