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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.

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1 - 10 of 194
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$627.42
Go to siteMore Info
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$615.26
Go to siteMore Info
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
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
Go to siteMore Info
Latitude Variable Rate Personal Loan
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$653.57
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
Citi Personal Loan Plus
Variable3 - 5 Years $2,000 - $55,000
Interest Rate (p.a.)
10.90%
Comp. Rate (p.a.)
11.19%
Application Fee
$199
Monthly Fee
$10
Monthly Repayment
$670.33
Go to siteMore Info
Special Offer: Monthly Fee of $10 waived for applications submitted before 30 June 2024.
ING Personal Loan
Finder award winnerFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
$150
Monthly Fee
$0
Monthly Repayment
$621.16
Go to siteMore Info
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$632.08
Go to siteMore Info
OurMoneyMarket Secured Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$627.42
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$632.08
Go to siteMore Info
Jacaranda Finance Express Personal Loan
Fixed2 - 4 Years $5,000 - $25,000
Interest Rate (p.a.)
14.95%
to 27.95%
Comp. Rate (p.a.)
29.30%
to 42.80%
Application Fee
$475 - $990
Monthly Fee
$24
Monthly Repayment
$751.11
Go to siteMore Info
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Showing 10 of 10 results

Personal loans for casual employees or part time workers

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 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. However, some lenders only require six 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 $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.
  • 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.

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.
  • Have you been working for at least 3 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.
Did you know?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?

If you're a casual employee or employed part-time, the following documentation will be required when applying for a personal loan:

  • 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.

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

If you still aren't able to get approved for a personal loan, you do have some more options.

Short term loans

Short term loans, also known as payday loans, are an option you can consider if all else fails and you urgently need cash. However, 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. 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

1 - 6 of 6
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
$2,500
9-20 weeks
30 minutes - conditions apply
$35
20% of loan amount + 4% of loan amount each month
$396
A small loan up to $2,500 that you repay over 9-20 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
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.
Nimble Small Loan
$2,000
62 days to 9 months
1 hour - conditions apply
$15
20% of loan amount + 4% of loan amount each month
$396
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
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.
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.
Fair Go Finance Medium Personal Loan
$5,000
7 to 19 months
Within 24 hours
$35
Establishment fee of $437 to $771
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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More guides on Finder

  • Personal loan rejection: Reasons and how to avoid it

    There are a number of reasons why your personal loan application may be rejected.

  • OurMoneyMarket Personal Loan

    A marketplace personal loan with personalised interest rates.

  • What is the minimum income for a personal loan?

    Not sure how much you can borrow based on your income? If you're looking for a personal loan, find out how lenders determine how much you can borrow and how to see if you're eligible based on your income.

  • Harmoney Personal Loan

    An unsecured personal loan with interest rates tailored to your risk profile.

  • How to Transfer Your Personal Loan to Another Bank

    How you can save by switching personal loans.

  • Joint Personal Loans

    If you're wanting to bolster your application, buy an asset with your partner or apply for a loan you're not eligible for by yourself, you can consider a joint application personal loan.

  • $10,000 loans in Australia

    Are you in need of a larger loan but concerned about your credit history? There still may be options available, no matter your credit history. Read our guide to find out what might be available to you.

  • Apprentice loans

    If you're thinking about getting an apprentice loan, explore the possibility of government-sponsored loans as well as loans offered by banks. Find out everything you need to know to compare your options.

  • Easy personal loans

    Not all personal loans come with endless documentation. Some lenders specialise in quick and easy application processes.

  • $5,000 loans

    How to apply for a $5,000 loan and what you should keep in mind before applying.

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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?

      AvatarFinder
      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.

      AvatarFinder
      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 ?

      AvatarFinder
      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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