Purple Payday Loan Review

Let Purple Payday sort through your options to secure you a cash advance online.

If you’re in need of financing up to $2,000, you can submit an application through Purple Payday to be matched with an online lender. It is a loan matching service that works by searching through its panel to match your application with a lender who can approve your for the loan you need. You won’t be charged for using the service and you can apply if you have bad credit.

Product NamePurple Payday Loans
Minimum Loan Amount$100
Maximum Loan Amount$2,000
Loan Term1-12 months
Cash Deposited InSame day - conditions apply
Costs20% of borrowed amount + 4% of borrowed amount each month
RequirementsYou must be over 18 and have a regular source of income (minimum $800).
Available to Centrelink Borrowers?No

I want to apply for a loan – how does it work?

Find out if you meet the eligibility criteria and then submit your application online. Purple Payday will search through its panel of lenders to find a suitable option and one that can offer you a loan. This only takes a couple of minutes. You will then be redirected to the lender’s page where you can review the loan and the repayments. If you’re happy with the terms, you can agree to the loan.

What features does Purple Payday offer?

Applying for a payday loan with Purple Payday offers several benefits, including:

  • Easy application. Apply online and complete your application within minutes. If Purple Payday finds a lender to approve you, you’ll be directed to its site quickly to review the loan terms.
  • Access to various lenders. Applying with Purple Payday gives you access to a panel of lenders and hence more of a chance of being approved than if you’d applied with just one.
  • Bad credit accepted. If you have bad credit you’re still able to apply. Some lenders on the panel have flexible eligibility criteria regarding credit history and can still approve you.
  • No obligation application. You can submit your application to review the terms offered by the lender and be under no obligation to accept them.

How much will a loan cost?

This depends on the lender you are matched with. For loans under $2,000 with terms of 1-12 months, lenders cannot charge you more than the following:

  • An establishment fee that is 20% of your principal loan amount
  • A monthly fee that is 4% of your principal loan amount
  • A government fee or charge
  • Default fees and charges
  • Enforcement expenses

How you can submit your Purple Payday application

If you’re interested in applying for a loan through Purple Payday you can start your application online. You’ll need to meet the following eligibility criteria:

  • You’re an Australian citizen
  • You’re 18 or older
  • You have an active bank account
  • You have a regular source of income
  • You will have more success of getting a loan if you are in full-time employment

To apply, you need the following information:

  • Loan details. Loan amount, term and purpose.
  • Personal details. Your name, gender, birth date, phone number and email address.
  • Address. Where you live and how long you’ve been there – you may also need to provide a previous address.
  • Employment. Where you work, your position, how long you’ve worked there, how much you earn, how often you get paid and your next pay date.
  • Bank details. Account type, bank account number, BSB and name of the account holder.
  • Finance details. The amount you pay in rent/mortgage payments, credit and loan payments, your monthly expenses and whether you’ve experience hardship or defaulted on loan repayments in the last six months.

Purple Payday offers an alternative payday solution by matching you with a lender from its panel. Make sure you compare your options and consider if this is the right service for you before you apply.

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17 Responses

  1. Default Gravatar
    March 21, 2018

    how do I apply please

    • finder Customer Care
      JeniMarch 21, 2018Staff

      Hi Chloe,

      Thank you for getting in touch with finder. You may submit an application through Purple Payday’s website to be matched with an online lender. As you have read, it is a loan matching service that works by searching through its panel to match your application with a lender who can approve your for the loan you need.

      I hope this helps.

      Have a great day!


  2. Default Gravatar
    SanjeenaJuly 16, 2017

    Hey there

    • finder Customer Care
      RenchJuly 16, 2017Staff

      Hi Sanjeena,

      Welcome to finder, a comparison website and information service that helps our users make better decisions. We’re happy to answer your questions and offer you general advice.

      How can we assist you?

      Kind regards,

    • Default Gravatar
      SanjeenaJuly 16, 2017

      Is purple loan a fake lender?

    • Default Gravatar
      JonathanJuly 16, 2017

      Hello Sanjeena,

      Thank you for your comment today. :)

      PurplePayday.com.au is a registered broker with License Number 159 893 491 and they are authorized and regulated by Australian Securities and Investments Corporation under the National Credit Act.

      You may visit their website for further details about them and check their T&Cs to understand how they operate. :)

      Hope this clarifies.


  3. Default Gravatar
    DanielleJune 1, 2017

    Hi! Can i apply for a small loan even if i am on pension centrelink and has a cash job.

    • Default Gravatar
      JonathanJune 1, 2017

      Hi Danielle!

      Thanks for the comment.

      You may apply for loans specifically designed for those receiving Centrelink payments.

      Take note that you need to review and meet all eligibility requirements. You may click “Go To Site” green button of your chosen lender to proceed.

      Hope this helps.


  4. Default Gravatar
    AnthonySeptember 16, 2016

    can you please call me i cannot find a number to call on website i have tried to submit a application but it will not accept my email my name is Anthony

    • finder Customer Care
      ElizabethSeptember 19, 2016Staff

      Hi Anthony,

      We’re unable to assist with your actual application as it’s handled by Purple Payday directly. They don’t have a customer service number but you can email them on compliance@pingtree.com or try their social media channels.



  5. finder Customer Care
    ElizabethAugust 12, 2016Staff

    Hi Paul,

    You’ve come through to finder.com.au, a financial comparison site and not Purple Payday. As Purple Payday is not a direct lender you may be contacted by a lender on its panel if you’re approved for a loan. You can also head to its website or social pages to get in contact.

    Hope this helps,


  6. Default Gravatar
    MichelleApril 22, 2016

    I have applied and was excepted and have not heard anything back please notify me on what happened.

    • finder Customer Care
      ElizabethApril 26, 2016Staff

      Hi Michelle,

      If you’ve been accepted by Purple Payday, the lender you have been matched with is responsible for funding your loan. You’ll need to get in contact with Purple Payday so you can find out the status of your application and when you can expect to receive your funds. However, it will usually only be within banking hours.

      Hope this has helped,


  7. Default Gravatar
    nicoleJanuary 22, 2016

    If i borrow 1000 how much are the weekly payments

    • finder Customer Care
      ElizabethJanuary 22, 2016Staff

      Hi Nicole,

      This depends on how long your repayment terms are. You will be charged an establishment fee of 20% and a monthly fee of 4% – we’ve got a calculator you can use to get an idea of your repayments. You can use it here.

      I hope this will help.



  8. Default Gravatar
    faasoloOctober 21, 2015

    what about if im not working

    • finder Customer Care
      ElizabethOctober 21, 2015Staff

      Hi Faasolo,

      Thanks for your question.

      The minimum requirements for a Purple Payday loan are that you are receiving a regular source of income. If you find that you aren’t eligible, you can find more unemployed loan options on this page.

      I hope this will help.



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