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Personal loans for casual and part-time employees

A guide to finding a personal loan when you're working part-time or casually.


Working irregular hours is common in Australia. Whether you're a uni student, a parent, a shift-worker, or a role where your hours change week to week, you can still be eligible for a loan. If you work in casual or part-time employment it’s important to know that there are loan options out there to consider.

Personal loans for part-time and casual employees

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
2 to 5 years
from 3% of loan amount
You'll receive a fixed rate between 7.50% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
1 to 7 years
$300 (Based on $10,000)
You'll receive a fixed rate between 7.50% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
3 to 5 years
$500 ($200 for loans of below $5,000)
You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Compare up to 4 providers

What is the difference between a part-time and casual employee?

Casual and part-time employees work across all industries, including office work, hospitality and even government work. For any industry, these employees:

Part-time employeesCasual employees
  • Work, on average, less than 38 hours per work
  • Usually work regular hours each week
  • Are entitles to the same benefits as full-time employees but on a pro rata basis
  • Are permanent employees or on a fixed term contract
  • Have no guaranteed hours and usually work irregular hours
  • Don't get paid sick or annual leave
  • Receive a higher rate of pay per hour than part-time or full-time employees
  • Are not entitled to sick pay, annual leave or other similar entitlements

How can you get approved for a loan if you don't work full time?

If you're employed part-time you will have more loan options. Here are some tips on getting your application across the line:

  • Check the minimum income. As your employment is considered more stable, you will just need to ensure you meet the minimum income criteria with regards to employment requirements. This is usually around $15,000-$20,000 p.a.
  • Have been working for at least three months? Many employers require you to be working at least three months as this shows your employment is stable, and in some cases, that you're out of your probation.
  • Receive your pay into your bank account. Along with payslips, this will be a way for lenders to check your income against the information you provide in your application. If you are paid in cash, make sure you deposit this into your bank account or get payslips from your employer to be able to prove your income.
  • Get in touch with the bank if you're unsure about eligibility criteria. This is the best way to check anything before submitting your application and reduces the risk of having a rejected application listed on your credit file.

Tips to get approved for a loan if you work casually

Some casual workers may find it easier to access loans than others and this is because they are deemed to be less of a risk by lenders. Here are some things casual workers can do to help them access a loan:

  • Work for a year, then apply. Banks and lenders view people in casual employment as less of a risk if they have been employed at the same place for at least 12 months. This is partly because after 12 months of casual employment you have the right to ask your employer to be classed as a part-time worker. Some lenders, however, only require 6 months of steady employment to approve you for a loan.
  • Get a letter from your employer. Much of the risk associated with lending to casual employees is the fear that they could stop receiving work. By providing a letter from your employer that confirms your employment and ensures the lender that there's no reason this arrangement shouldn't continue in the future, it could help your application.
  • Make your repayments on time. In March 2014, new credit reporting reforms were introduced to give lenders more detailed information of your credit history. Now lenders will be able to see if you have made repayments to banks and other lenders on time.
  • Don’t apply for multiple loans. Lenders are able to see any credit accounts and loans that you apply for and if you make multiple applications in a short space of time you may appear to them as an irresponsible borrower.
  • Save. If you can show evidence of your savings to a lender, they may be more inclined to give you a loan. For example, if you are looking to buy a car and need a $5,000 loan and have $2,000 saved in a high interest savings account, the lender may see you as less of a risk.
  • Apply with your own bank. Your own bank will have more concrete evidence of your spending and saving history than what is shown on your credit report and if this history is positive then you may be more likely to secure a loan.
  • Consult an accountant. An accountant will be able to help you keep track of your tax returns, savings and spending. They’ll have a record of everything so when you apply for personal loans, all the documentation is already there.

If you’re a casual worker, the best way to secure a loan is by doing your research and comparing what is out there before you start applying.

What criteria do you need to meet to be approved for a personal loan?

The majority of lenders require you to be in permanent/full-time employment in order to obtain finance. However, some lenders' minimum criteria just requires you to earn a regular income or requires that you meet a minimum annual income. For example, Aussie Personal Loans terms and conditions state you must be "in regular paid employment" but there is flexibility with the criteria. Take a look at some of your other options below:

BrandCriteriaFind out about products
ANZYou need to earn at least $15,000 p.a. and have been employed at your current work for six months.
BankwestYou need to work a minimum of 25 hours per work and receive consistent hours and pay.
Bank of MelbourneYou need to be over the age of 18 and a permanent Australian resident.
BankSAYou need to be over the age of 18 and a permanent Australian resident.
Bendigo BankYou need to be in paid employment as subject to lending criteria.
CitibankYou need to earn over $35,000 p.a. and have good credit
Commonwealth BankYou need to be over the age of 18 and earn at least $14,000 p.a. after tax
IMB You need to have been in your current role for at least 12 months.
Latitude FinanceYou need to earn at least $24,000 p.a. Your eligibility will depend on your individual circumstances and loan purpose.
ME BankYou need to be an Australian permanent resident and at least 18 years old.
MoneyMe You need to be employed and over the age of 18. Good credit history will be rewarded.
NABYou need to have a good credit rating and earn a regular income or wage.
NRMAYou need to be able to provide evidence of a regular income or wage.
RACQYou need to earn an income that's sufficient to manage your loan repayments.
Society OneYou need to earn more than $25,000 and be able to afford the loan you apply for
St.GeorgeYou need to be over the age of 18 and a permanent Australian resident.
WestpacYou need to have been in the role for 12 months or more

What do you do if you can't get a personal loan?

If you are in need of a loan to cover a short-term cash shortfall and you don't meet the criteria for a standard personal loan, a short-term loan is another option you can consider. It's important to keep in mind, however, that short-term loans are much more expensive than personal loans from banks and have to be repaid over much shorter terms.

Short-term loans are small loans that are used to cover unexpected expenses or if you need a smaller loan amount for less than one year. These loans require evidence of regular pay, but casual workers who are paid the same each week by working regular hours may still be eligible. These loans are for durations of 16 days to one year and are for amounts of $100 to $2,000, but higher amounts up to $5,000 are also available.

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.
Fair Go Finance Small Loan
3-12 months
1 business day
Establishment fee from 20% of loan amount + monthly fee from 4%
A small loan between $500 and $2,000 that can be funded in 24 hours.
Speckle Small Loan
3 to 12 months
1 business day
10% of loan amount + 2% of loan amount each month
A small loan up to $2,000 from a lender backed by NAB. Transparent eligibility criteria and competitive costs.

Compare up to 4 providers

Picture: Shutterstock

Related Posts

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.66% p.a. to 19.59% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.34% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.95% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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24 Responses

  1. Default Gravatar
    JackJuly 26, 2017

    Hi I’m looking to get a loan of 10,000. I have been working for my current employer full time for over a year. My only problem is they pay me cash. Is there anyway that I could get the loan with payslips and a letter from my boss confirming my employment?

    • Avatarfinder Customer Care
      HaroldJuly 26, 2017Staff

      Hi Jack,

      Thank you for your inquiry.

      Each lender will set out their criteria separately and it’s always important to make sure you meet the eligibility before apply. You may want to consider the loan options here.

      I hope this information has helped.


  2. Default Gravatar
    KarenJuly 23, 2017

    My son works part time. Has been there for a few years now. He lives at home with me. Needs a car loan of $5000. He has no credit history. What are his options?

    • Avatarfinder Customer Care
      RenchJuly 23, 2017Staff

      Hi Karen,

      Thanks for reaching out to us.

      You’re actually already on the correct page to compare your options.
      You may click on your preferred loan on this page to see more details and click on ‘Go to Site’ button to submit an online application

      Before applying for any loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.


  3. Default Gravatar
    TaiMay 23, 2017

    I’m a casual shift that is working a minimum of 15hrs – 25hrs+. So i’m wondering if it’s possible to get a $36,000 loan. Been working at this place for almost 10months now.

    • Avatarfinder Customer Care
      DeeMay 23, 2017Staff

      Hi Tai,

      Thanks for your question.

      If you are a casual employee, some of the lenders above may consider you for a loan, subject to other eligibility criteria. To learn more about the eligibility criteria and requirements to apply for a particular loan product, feel free to visit its review page. If you are ready to apply, just click the ‘go to site’ button.


  4. Default Gravatar
    DixieNovember 29, 2016

    I work at a small gas station as part time working 24 hours a week. Could I take out a small loan ?

    • Avatarfinder Customer Care
      MayNovember 29, 2016Staff

      Hi Dixie,

      Thanks for your question.

      You can review the criteria and requirements and discuss your loan options with a lender listed above. There are also lenders that offer short-term loans that you can compare.

      Hope this helps.


  5. Default Gravatar
    TshegoAugust 27, 2016

    Hi i want to apply for a loan of 60 000 please and iam a temporary on year contract which sure next week i will be permanent

    • Avatarfinder Customer Care
      ElizabethAugust 29, 2016Staff

      Hi Tshego,

      You can find lenders that consider casual and part-time applicants on the page above, but as you’re on a temporary contract you will need to get in touch with the lender to confirm your eligibility. Whether or not you’re approved for a loan as high as $60,000 will depend on your ability to manage the repayments.

      I hope this helped,


  6. Default Gravatar
    AnathiAugust 22, 2016

    Hi im Anathi i need loan im working security my salary is 4000 and I need 2500 I’m going to pay on friday 26 but the problem is i don’t have payslip what must i do?

    • Avatarfinder Customer Care
      ElizabethAugust 22, 2016Staff

      Hi Anathi,

      If the loan you’ve chosen requires payslips as part of the application process you may need to ask your employer for payslips so you can apply. You might also be able to inform the lender of your situation and ask if copies of your bank statements (where your salary is deposited into) will be enough.

      However, some lenders may not require payslips to approve you for a loan. They will just require the last 90 days of your transaction history.

      I hope this helps,


  7. Default Gravatar
    JayneJuly 13, 2016

    My 17 year old would like to get a loan for a new car. She has worked for the same employer from age 14. She is guaranteed employment when she finishes yr 12 this year. Is it possible for her to get a loan in her name or a co-loan with her father?

    • Avatarfinder Customer Care
      ElizabethJuly 14, 2016Staff

      Hi Jayne,

      It’s not possible for someone under the age of 18 to apply for a loan, she’ll need to apply for a guarantor personal loan. With this loan her father will need to meet all of the eligibility criteria and will essentially be responsible for the loan should she not be able to make the repayments.

      Many major banks offer guarantor personal loans, so you can compare your options and pick one that will fit you best.

      I hope this helps,


  8. Default Gravatar
    JoMay 25, 2016

    Of all the products you claim assist people whose sole or combined income include Centrelink I’ve not found one single product that does actually do what you are claiming. My question is why do you bother?

    • Avatarfinder Customer Care
      ElizabethMay 26, 2016Staff

      Hi Jo,

      Lenders have a variety of criteria they consider when approving applicants for loans, with income just making up one part of the application process. So when we list options for Centrelink borrowers, it is lenders that consider people who receive part of or their whole income from Centrelink payments – it doesn’t mean they will be automatically approved. Other things, such as debt, assets and the overall ability to manage the loan comes into play when a lender decides whether or not to approve an application.

      Just to make sure you’re on the right pages, here’s a list of options for Centrelink borrowers, here’s a list of options if you are unemployed (i.e. your entire income comes from Centrelink) and here is a list of options if you receive some sort of pension. If you are a retiree you can take a look at this page.

      Hope this information will help,


  9. Default Gravatar
    LorileeApril 10, 2016

    Good day! I am Lorilee. I just want to ask if I am able to get a loan of ₱10,000.00, I am 20, I am employed recently but for almost a week. I’d never reach a minimum rate. But I need it for emergency purpose. Will you help me with it. Thank you!

    • Avatarfinder Customer Care
      ElizabethApril 11, 2016Staff

      Hi Lorilee,

      The options for casual and part-time employees are listed on the page above, but unfortunately as you have only been working a week I am unsure if you will be able to get a loan. Lenders usually need to see evidence of a stable employment history before they will approve you for a loan, and so require you to be employed for at least three months before they will approve you.



  10. Default Gravatar
    LuisDecember 8, 2015

    Hello there, my name is luis Raccuglia, I just wanted to know, can a casual worker who been working in the same place for close to 4 years , be able to take a personal loan for example between $10,000 to 30,000 dollars , or an unsecured personal loan, or my other question would it be easier if you take the loan with a partner so use two names instead of one in the loan application, any more neo would be appreciated

    • Avatarfinder Customer Care
      ElizabethDecember 9, 2015Staff

      Hi Luis,

      Your eligibility for a personal loan will depend on your income, your financial stability and your employment situation. Each lender will have set criteria to determine the risk they are taking on by lending to you. One option may be to talk to your current bank if you have a good relationship with them as they may be more willing to offer you a loan. As you mentioned, another option is to apply for a loan as part of a joint application – you can find a list of lenders who offer joint application personal loans on this page.

      I hope this will help.



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