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Perfect Payday Loan

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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. 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.

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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  1. 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!


  2. 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, please go here. If unfortunately you have bad credit and looking for a personal loan, you can go here to compare. Please click on the green “GO TO SITE” button once you have decided on which provider suits you best.


  3. 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.


  4. 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 this page for lenders who may consider you for a loan. After selecting a lender, please click on its name so you’ll be able to see the eligibility criteria and requirements to apply.


  5. 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 this page to check your personal loan options.


  6. Default Gravatar
    September 19, 2016

    I’d like to borrow up to $12000 to pay out ALL MY Loans & bills & to only have one Account to pay each month or every 2 weeks. I’m on a Disability Pension come Aged Pension.
    What’s your Advise of how to go about this amount on a Personal Loan.
    Thank You Danel

    • Avatarfinder Customer Care
      September 19, 2016

      Hi Danel,

      You can find lenders that consider pensioners for loans on this page. Unfortunately I’m unable to offer you any personal advice but you can take a look at the lenders on that page and the products they are offering to find something you’re eligible for and want to apply for. Keep in mind a lender will only approve you for a loan amount it deems you can afford.

      I hope this helps,


  7. Default Gravatar
    July 22, 2016

    Hi, I need to get a loan of about $500.00 and I am getting so many offers for thousands of dollars from different lenders but I don’t trust how they want me to give them access to my checking account online username and password. Please let me know if I am right to not trust them and discard their contacts.

    Thank you.

    • Avatarfinder Customer Care
      July 22, 2016

      Hi Yas,

      This is standard practice for short-term lenders (you can read more about how it works on this page). Also, keep in mind that every time you apply for a loan it will be listed on your credit file, and multiple applications can damage your credit score.

      I hope this information will be of use,


  8. Default Gravatar
    May 1, 2016

    i would like to no how long if takes for money to go into your bank as i need my car fix and have some bill

    • Avatarfinder Customer Care
      May 2, 2016

      Hi Sonya,

      The time it takes differs depending on which lender you are approved with from Perfect Payday’s panel. Generally, payday lenders take one business day to transfer approved funds to your bank.

      Hope this helps,


  9. Default Gravatar
    April 27, 2016

    My separated husband requires a fast loan. He is currently on income protection insurance and is applying for total disability payout. He has bad credit also.

    • Avatarfinder Customer Care
      April 28, 2016

      Hi Ky,

      As long as he is over the age of 18 and has a regular income that is deposited into a bank account he is able to apply with perfect payday. His financial circumstances will be reviewed to determine whether he will be able to afford the repayments.

      Hope this helps,


  10. Default Gravatar
    April 27, 2016

    Hey I have very poor credit and I need a loan very badly.

    • Avatarfinder Customer Care
      April 27, 2016

      Hi Ronnell,

      You’re able to apply for this loan no matter what your credit history, so long as you meet the other minimum criteria. If you do meet this criteria you can submit your application on the Perfect Payday website.

      Hope this has helped,


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