Purple Payday Loan

Borrow from $100 up to $2,000, with terms up to 12 months. High fees and charges apply.

Purple Payday is a loan matching service. They offer loans from $100 up to $2,000. Once you apply, they will match you to an online lender. You won’t be charged for the loan matching service, but charges from the lender apply. Applications from bad credit borrowers are accepted. This loan is expensive and comes with high fees and charges. The lender will charge you an establishment fee of 20%, with a monthly fee of 4%. Payday loans are not a long-term financial solution. Given the cost of a payday loan, you must only apply in case of a financial emergency.

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Maximum loan amount

Same day

Turnaround time

conditions apply

1-12 months

Term of loan

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Product NamePurple Payday Loans
Minimum loan amount$100
Maximum loan amount$2,000
Loan term1-12 months
Turnaround timeSame 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

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.

⚠️ 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 a loan from Purple Payday work?

Purple Payday is a service which matches prospective payday loan borrowers with lenders.

Applicants can find out if they meet the eligibility criteria and then submit an application form online. Purple Payday will search through its panel of lenders to find a suitable option. Customers will then be redirected to the lender’s page where they can review the loan and the repayments. If they're happy with the terms, they can agree to the loan.

What features does Purple Payday offer?

Applying for a payday loan with Purple Payday offers several features. These include:

  • Straightforward application. Customers can apply online and complete an application within minutes. Purple Payday makes a match, the borrower will be directed to its site quickly to review the loan terms.
  • Access to various lenders. Applying with Purple Payday gives customers access to a panel of lenders. This allows for more chance of being approved.
  • Bad credit applicants may still be eligible. Customers who have bad credit are still able to apply. Some lenders on the panel have flexible eligibility criteria regarding credit history.
  • No obligation application. Borrowers can submit their application to review the terms offered by the lender and be under no obligation to accept them.

What are the risks of payday loans?

  • Unaffordable repayments. Payday loans are an expensive way to borrow money and should only be used as a last resort. Check the size of each repayment and ensure you will be able to pay it on time. Unaffordable repayments can lead to late fees that will only make things worse.
  • High rates and fees. Rates and fees on payday loans are high but there are rules in place so be sure to check your lender is not charging you more than ASIC allows. Also, look at what you would be charged if you are late on a payment or if you default on the loan altogether.
  • Unreputable lenders. All Australian lenders should be accredited by ASIC. Check for a credit licence on the ASIC Register and ensure that the lender is easily contactable.
  • Impact on credit score. Every loan application shows up on credit reports. While lenders might not consider credit history, applying for lots of loans within a short period can have a negative impact on your credit score in the future.

How much will a loan cost?

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

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

How to apply


Purple Payday applications are accessible fully online. Prospective applicants will need to meet the following eligibility criteria to qualify. They must:

  • Be an Australian citizen
  • Be 18 or older
  • Have an active bank account
  • Have a regular source of income - Applicants will have more success of getting a loan if they are in full-time employment


Applicants must also have the following details and documentation to hand:

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


Purple Payday offers an alternative payday solution by matching customers with a lender from its panel that they deem suitable. However, it is still always a good idea to compare lenders yourself prior to submitting an application. Comparing lenders and considering alternatives allows people to make the best possible decision for their circumstances.

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    Default Gravatar
    March 21, 2018

    how do I apply please

      Avatarfinder Customer Care
      March 21, 2018

      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!


    Default Gravatar
    July 16, 2017

    Hey there

      Avatarfinder Customer Care
      July 16, 2017

      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
      July 16, 2017

      Is purple loan a fake lender?

      Default Gravatar
      July 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.


    Default Gravatar
    June 1, 2017

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

      Default Gravatar
      June 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. Feel free to read through the page as it also comes with tips on how you can apply for a loan given your situation.

      Hope this helps.


    Default Gravatar
    September 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

      Avatarfinder Customer Care
      September 19, 2016

      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.



    Avatarfinder Customer Care
    August 12, 2016

    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,


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