Perfect Payday Loan

Don't apply to hundreds of lenders – let Perfect Payday find a loan.

If customers want access to a range of lenders to find the loan that will suit their financial needs and situation, Perfect Payday might be an option to consider. They are not a lender, but instead a service that connects borrowers to a certain range of payday lenders. By using this service, they may be able to save time searching online for a loan as Perfect Payday will assess their application and find a lender for them.


Maximum loan amount

Same Day

Turnaround time

16 days - 1 year

Term of loan

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Product NamePerfect Payday Loan
Minimum loan amount$100
Maximum loan amount$2,000
Initial Maximium Loan Amount$1,000
Arrears Fee$35
Loan term16 days - 1 year
Turnaround timeSame Day
Costs20% of borrowed amount + 4% of borrowed amount each month
RequirementsYou must be over 18 and have a regular source of income that is paid into an active bank account.
Available to Centrelink Borrowers?No

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

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 it work?

Perfect Payday connects borrowers with its network of lenders. Perfect Payday works by assessing applications submitted by prospective applicants and finding them a suitable loan. Borrowers need to follow the loan terms and repayments set by the lender.

What are the types of Payday Loans?

The loans on offer from Perfect Payday are small, short-term loans. Applicants can borrow between $100 and $2,000 depending on their financial situation. As listed on its website, these payday loans might be an option if any of the following situations apply:

  • Financial emergency. If unexpected expenses come up such as medical needs or a spur of the moment event that they need to pay for.
  • Needing money before they next get paid. If customers have not budgeted properly and found themselves without enough money to cover them.
  • Car repairs. If they get into a car accident or their car breaks down and they need money to get it fixed.
  • Bills and payments. If they have forgotten to pay a bill or make a payment and won't have sufficient money to pay it until payday.


Perfect Payday doesn't charge applicants fees, these fees are charged by the individual lender. For an average payday loan, they can expect to pay $24 for every $100 they borrow. So, for example, if customers borrow $400, they will repay $496 and if they borrow $750, they will pay back $930. The $24 is made up of:
  • Monthly fee - 4% of principal amount.

If customers apply and are offered a loan, they need to check if any establishment fees, monthly fees and default fees apply and if they can afford them before signing the contract.

How to apply

Prospective applicants can apply for a Perfect Payday Loan online. The form will be assessed and they will start to find lenders for them. They can then electronically sign the loan agreement and receive the funds.

The application process requires customers to provide personal details and they also have to mention if they have experienced financial hardship in the last six months. Perfect Payday does not perform credit checks, although some lenders they work with do. Customers can still apply if they have a bad credit history as they work with lenders who lend those with adverse credit history.


The eligibility criteria for these loans vary because of the wide range of lenders they work with and the different loans they have on offer. Generally, borrowers need to:

  • Be an Australian resident
  • Be aged over 18 years
  • Have an active bank account
  • Be able to provide proof of your identity
  • Have a regular source of income paid into your bank account (not in cash)

Ask an expert

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Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    February 26, 2019

    How do I know if approved?

      Avatarfinder Customer Care
      March 1, 2019

      Hi Harry,

      Thank you for getting in touch with Finder.

      Please note that lenders send an agreement when you apply for a loan and get approved.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    April 21, 2018

    could i get a loan if i think my credit was bad, because if dont know if it is i have money coming in every month and a n active checking account

      Default Gravatar
      April 21, 2018

      Hi Linda,

      Thanks for leaving a question on Finder.

      To be sure what your credit score is, you can request a free credit report via Finder. If you have bad credit and looking for a personal loan, this may affect your chances of getting approved for a loan. If you are able to show that you have the ability to repay, there may be a lender that can work with you. Please note though, that with bad credit, you may end up paying a higher interest than other borrowers thus it is recommended of you to improve your credit score before borrowing.

      There are bad credit personal loans that you can consider applying for. You can compare your options on the table displaying the available lender based on the loan amount, terms of the loan, cost, and monthly repayments. Our guide page also has information on how you can improve your chances of getting approved for a bad credit payday loan which may help you with your future loan applications.

      Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying for any loan, please ensure that you meet all the eligibility criteria and read through the relevant Product Disclosure Statement/Terms and Conditions before making a decision on whether it is right for you


    Default Gravatar
    March 21, 2017

    my question is for identification. I do not have a drivers licence or passport for proof

      Avatarfinder Customer Care
      March 21, 2017

      Hi Mervan,

      Thank you for your inquiry.

      Basically, lenders would require you to provide them with a proof of your identity when applying for a loan. You’d be best to contact the lender directly to discuss your eligibility and confirm what other IDs you can submit aside from DL and passport.


    Default Gravatar
    December 21, 2016

    i need a loan today for $800 to purchase a fridge I am on a disability pension

      Avatarfinder Customer Care
      December 21, 2016

      Hi Lisa,

      Thanks for reaching out.

      If you are on DSP, you can check Centrelink loans featured on our website. After selecting a lender, please click on its name so you’ll be able to see the eligibility criteria and requirements to apply.


    Default Gravatar
    November 8, 2016

    I need a loan of $1500 and I have bad credit rating can you please help me
    regards Debbie

      Avatarfinder Customer Care
      November 8, 2016

      Hi Debbie,

      Thanks for your question.

      Even for your situation, there are lenders that may consider you for a loan. You can check bad credit personal loans to check your personal loan options.


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