Loans for casual and part-time workers

Casual and part-time workers can get personal loans. You'll need proof of regular income and regular savings. And the better your credit score, the better your odds of approval.

Product Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Interest Rate (p.a.)
5.99%
to 24.49%
Comp. Rate (p.a.)
6.70%
to 25.90%
Application Fee
$0 - $495
Monthly Fee
$10
Monthly Repayment
$633.40
Finder exclusive: Get a $200 eGift card when you settle a MoneyMe personal loan via Finder in July 2025. Offer ends July 31st. T&Cs apply.
Eligibility: Australian/New Zealand citizens or permanent residents only. Full or part-time employed applicants with a minimum Equifax credit score of 500.
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Interest Rate (p.a.)
6.17%
to 26.99%
Comp. Rate (p.a.)
6.17%
to 23.79%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$609.98
Apply online and then access your funds in minutes if you're approved. Pay no monthly or annual fees to use the loan and no early repayment fees.
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Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$623.70
Receive competitive interest rates tailored to your personal circumstances, repay the loan early without incurring an early repayment fee, and enjoy no monthly or annual fees.
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NOW Finance logo
NOW Finance No Fee Unsecured Personal Loan
Finder AwardFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.45%
to 26.95%
Comp. Rate (p.a.)
6.45%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$612.52
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OurMoneyMarket logo
Interest Rate (p.a.)
6.28%
to 18.99%
Comp. Rate (p.a.)
6.28%
to 21.78%
Application Fee
$0
min.
Monthly Fee
$0
Monthly Repayment
$610.98
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Latitude Financial Services logo
Latitude Variable Rate Personal Loan
Variable2 - 7 Years $5,000 - $100,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.93%
to 31.38%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$653.57
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Great Southern Bank logo
Interest Rate (p.a.)
7.99%
to 19.99%
Comp. Rate (p.a.)
7.99%
to 19.99%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$626.64
A secured loan with a high maximum borrowing amount up to $75,000. Redraw facility and no monthly fees.
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Jacaranda Finance logo
Jacaranda Finance Secured Personal Loan
Fixed25 Months - 3 Years $3,000 - $25,000
Interest Rate (p.a.)
16.95%
to 29.95%
Comp. Rate (p.a.)
32.99%
to 45.50%
Application Fee
$125 - $1,190
Monthly Fee
$26
Monthly Repayment
$780.95
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Jacaranda Finance logo
Jacaranda Finance Unsecured Personal Loan
Fixed25 Months $3,000 - $10,000
Interest Rate (p.a.)
27.95%
to 29.95%
Comp. Rate (p.a.)
44.50%
to 46.50%
Application Fee
$13.50 - $950
Monthly Fee
$26
Monthly Repayment
$892
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OurMoneyMarket logo
OurMoneyMarket Green Loan
Fixed1 - 10 Years $5,000 - $75,000
Interest Rate (p.a.)
6.28%
to 18.99%
Comp. Rate (p.a.)
6.28%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$610.98
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Will banks lend to casual employees and part-time employees?

Lenders consider full-time workers to be the least risky customers to lend to. But part-time workers with a stable income can also get approved, especially if you've had the same job for a while.

Casually employed borrowers have the hardest time getting personal loan applications approved.

You can maximise your chance of being approved for a loan by proving you can meet your repayments, such as by showing that you have a regular income, a good credit score, and that you have a history of paying bills and debts on time.

Why is it more difficult to take out a loan as a casual employee?

Your hours aren't stable
Casual employees do not have guaranteed working hours and therefore no fixed salary. While some weeks you may work 50+ hours, other weeks you may work no more than 10. This means that your weekly earnings fluctuate, which could potentially make meeting repayments difficult, at least in a lender's eyes.

You're not entitled to sick pay or annual leave
If you choose to take a holiday, or are forced to take time off for illness, you would not be entitled to any pay. For a lender, this can be viewed as risky as it could affect your ability to meet repayment obligations.

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

Part-time employeesCasual employees
  • Work, on average, less than 38 hours per week
  • Usually work regular hours each week
  • Are entitled to the same benefits as full-time employees but on a pro-rata basis
  • Are permanent employees or on fixed term contracts
  • Have no guaranteed hours and usually work irregular hours
  • 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

Tips to get approved for a loan if you work casually

  • Work for 12 months, then apply. Lenders view casual employees as less of a risk if they've been employed at the same place for at least 12 months – partly because after 12 months of casual employment, you have the right to ask your employer to become a part-time worker. Some lenders 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. Lenders are able to see a snapshot of your credit history, so make sure that snapshot shows off you regularly meeting your bill and debt repayments. This has the added effect of improving your credit score.
  • 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 $3,000 saved in a high interest savings account, the lender may see you as less of a risk.
  • Improve your credit score. The higher your score, the lower risk you are to the lender.
  • Provide loan security. If you own an asset of value, such as your home or a vehicle, offering this as loan security could help you to get approved more easily and/or allow you to access a lower rate loan. Offering security reduces the risk to the lender. This is because they can repossess the asset should you default on the loan.

Did you know?

The law changed on August 26, 2024 so that casual employee became eligible to initiate a change to permanent full-time or part-time employment, provided the casual employee:

  • meets the minimum employment period ( 12 months for small business employers, 6 months for all other employers);
  • believes they are no longer a casual employee at the point in time when they make the notification to their employer;
  • wants to change their employment status to full-time or part-time employment.

Tips to get approved for a loan if you work part-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.
  • 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.
You can compare personal loans from all around Australia through Finder. We also spend our time researching the top products to give your our best personal loan picks

What documents do I need for a loan for casual workers?

  • ID, which may include a drivers license or passport
  • Details of and proof of address
  • Proof of employment (you may also be required to have been in your current role for 3, 6 or 12 months)
  • Proof of income, such as 2 consecutive payslips and/or 90 days of bank statements

Additional documents you may need to provide, or that may help you get approved:

  • A letter from your employer
  • Details of your guarantor
  • Details of loan security (e.g. a vehicle or other asset of value)

Lenders are looking at these documents to verify who you are and decide how risky it is to lend to you. If they see your bank statements show signs of paying bills on time and saving money, then you could have better chances of approval or even lower rates.

How long do you need to be in a job for a personal loan?

Have you been working for at least three months? Many employers are comfortable approving your loan as long as you have been working at least three months, as this shows your employment is stable, and in most cases, that you're out of your probation.

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Our expert says

"Knowing your credit score is really important, as it's one of the key things lenders look at when assessing your loan application. It can also help you get ahead with your finances: Finder's data shows 15% of people who know their credit score, say they are now better at paying their bills on time and in full. You can see your credit score for free and get monthly updates on any changes in the Finder app."

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What are my options if I can't get a personal loan as a casual or part-time employee?

0% interest loans

See if you're eligible for a no interest loan with Good Shepherd. There's certain criteria you need to meet, but if you're eligible, you can access up to $3,000 to use towards car repairs, dental costs and household items.

Short term loans

Short term loans, also known as payday loans, are an option if all else fails and you urgently need cash. It's important to keep in mind that short term loans are much more expensive than personal loans from normal lenders and have to be repaid over much shorter terms. They still have eligibility criteria you should try to match, but tend to be much less strict on it.

These loans are for durations of 16 days to 1 year and are for amounts of $100 to $2,000, but higher amounts up to $5,000 are also available. Interest rates on short-term loans can be as high as 48% per year, so be very careful with these loans, as regularly using them will cost you a lot of money.

Guarantor loans

Guarantor loans are where you include someone who is legally responsible for meeting your repayments should you default on the loan. Usually, guarantors are required to be homeowners with good or excellent credit scores.

So, if you have a friend or close family member who meets this eligibility and is willing to go guarantor on your behalf, it may improve your chances of having your personal loan application accepted. It may also help you to access a greater amount of funding than your salary would normally allow, but be aware that your guarantor's credit score may suffer if you fail to meet your repayments.

Joint application loans

Joint application personal loans allow you to apply with another person, usually your partner. This spreads the responsibility for your repayments across two people, making it less risky for the lender.

Short term loans available to casual and part-time employees

Product Maximum loan amount Term of loan Turnaround time Arrears fee Costs Fortnightly repayment (for $1,500 loan)
Fundo logo
Fundo Small Loan
$2,000
5 to 26 weeks
Same day - conditions apply
$20
20% of loan amount + 4% of loan amount each month
$396
Borrow up to $2,000 and pay it off over 20 weeks. Same day approval for eligible borrowers.
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Fair Go Finance logo
Fair Go Finance Small Loan
$2,000
3 to 12 months
24 to 48 hours
$35
Establishment Fee of $60 – $400
$354
A small loan between $500 and $2,000 that can be funded in 24 hours.
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Safe Financial logo
$5,000
22 - 40 weeks
Same day - conditions apply
$35
Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR
$396
Borrow from $2,000 to $5,000 with same-day funding and no early repayment fees.
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Credit24 logo
Credit24 Short Term Loan
$2,000
4 to 12 months
Same day - conditions apply
$10
20% of loan amount establishment fee + 4% of loan amount monthly.
$396
Credit24 offers this loan up to $2,000 and gives you 12 months to repay. Centrelink borrowers are considered as long as Centrelink payments are not more than 50% of income.
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Credit24 logo
Credit24 Medium Term Loan (Good Credit)
$5,000
12 to 24 months
Same day
$10
$400 establishment fee + 48% p.a. interest
A small loan with long terms: Apply for up to $5,000 and have up to 2 years to repay.
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Fair Go Finance logo
Fair Go Finance Medium Personal Loan
$5,000
6 to 15 months
Within 24 hours
$35
Establishment fee of $400
A larger loan up to $5,000 you can apply for even with bad credit. Fast turnaround within 1 business day. Note: You must earn more than $500 per week.
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RentPay logo
RentPay SafetyNet
8 weeks
$15
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Fair Go Finance logo
Fair Go Finance Large Personal Loan
$10,000
14 – 24 months
Within 24 hours
$35
Establishment fee of $546 – $795
Apply for a loan up to $10,000 and have up to 2 years to repay. Bad credit and casually employed borrowers considered. Note: You must earn more than $500 per week.
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Credit24 logo
$10,000
Up to 3 years
Same day - conditions apply
$10
Interest 24 - 48% p.a
You’ll receive a standard variable interest rate of 24% p.a.
Lines of credit loans are available from $500 - $10,000 on terms of up to 3 years.
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Safe Financial logo
Safe Financial Small Loan ($500 to $2000)
$2,000
13 to 50 weeks
Same day - conditions apply
$35
20% establishment fee + 4% monthly.
$396
Borrow from $500 to $2,000 with same-day funding and no early repayment fees.
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Nimble logo
$25,000
62 days to 48 months
1 hour - conditions apply*
$15
Application fee of $400 + 47.62% p.a. for $2,050 to $5,000
A larger loan up to $25,000 you can apply for even with bad credit. Your loan can be funded within 1 hour.
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Swift Loans Australia logo
$4,500
10 - 52 Weeks
Within 60 minutes
$15
20% of the loan amount & 4% monthly service fee.
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Needy Money logo
$5,000
1 to 2 year(s)
1 hour - conditions apply*
Based on your credit history, employment and residential stability.
Apply for up to $5,000 and have up to 2 years to repay.
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SRG Finance logo
$1,200
62 days
2 hours
20% of borrowed amount + 4% of borrowed amount each month
Apply for a cash advance up to $1,200 and you can receive it on the same day. The loan is not offered to individuals who are on centrelink benefits.
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Payday 24/7 logo
Payday 24/7
$1,000
16, 22 or 32 days
Same Day if approved
$38.50
20% of borrowed amount + 4% of borrowed amount each month
You could borrow up to $1,000 without a credit check from Payday 24/7
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Capfin logo
Capfin Money Medium Amount Loan
$5,000
6 to 18 months
Overnight
$25
$400 establishment fee + 48% p.a.
A convenient loan up to $5,000. Receive approved funds the next business day.
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Payday Gold logo
Payday Gold
$1,500
up to 15 days
24 Hours
29.98
Get up to $1,500, quick approval, 100% online and Confidential and secure.
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MyBond logo
MyBond Rental Bond Loan
12 months
48 hours
$0
2.08% of the bond per month
$0
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CashnGo logo
$2,000
2 - 6 months
30 mins - conditions apply
$6
20% of loan principal + 4% of principal amount p/m
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Easy Financing logo
$5,000
1 to 12 months
Same Day if approved
$35
$400 establishment fee + 4% of the principal amount monthly fee
If you earn $450 p/w you could borrow up to $5,000 online.
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To make sure you get accurate and helpful information, this guide has been reviewed by Richard Whitten, a member of Finder's Editorial Review Board.
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Written by

Senior Money Writer

Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

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Rebecca has written 242 Finder guides across topics including:
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Personal finance expert + media spokesperson

With over 20 years of experience in property, finance and investment journalism, Sarah is a trusted expert whose insights regularly appear across television, radio, and print media, including Sunrise, ABC News, and Yahoo! Finance. She has previously served as managing editor for Your Investment Property and Australian Broker, and her expert advice has been shared over 2,500 times in 2023-2024 alone. Sarah holds a Bachelor’s degree in Communications and a Tier 1 Generic Knowledge certification, which complies with ASIC standards. See full bio

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24 Responses

    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
      HaroldJuly 26, 2017Finder

      Hi Jack,

      Thank you for your inquiry.

      Yes, there is. It’s good to note that each lender will set out their criteria separately and it’s always important to make sure you meet the eligibility before apply. For this reason, I suggest that you check personal loans, compare them and directly get in touch with your chosen lender to confirm with them if you are eligible for their loan or not.

      I hope this information has helped.

      Cheers,
      Harold

    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?

      Default GravatarFinder
      RenchJuly 23, 2017Finder

      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.

      Cheers,
      Rench

    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.

      Default GravatarFinder
      DeeMay 23, 2017Finder

      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.

      Cheers,
      Anndy

    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 ?

      Default GravatarFinder
      MayNovember 29, 2016Finder

      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.

      Cheers,
      May

    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
      ElizabethAugust 29, 2016Finder

      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,

      Elizabeth

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