
Get exclusive money-saving offers and guides
Straight to your inbox
A Quick and Easy Finance loan for $500 to $2,000 can be an option to consider for people who need a small loan to cover a financial emergency. The application process is online and successful applicants make payments through a payroll deduction system. Quick and Easy Finance offers both secured and unsecured loans.
$2,000
Maximum loan amount
1 to 12 Months
Term of loan
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Quick and Easy Finance Small Loan |
---|---|
Minimum loan amount | $500 |
Maximum loan amount | $2,000 |
Loan term | 1 to 12 Months |
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. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do 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:
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.
The process for a Quick and Easy Finance short-term loan begins by a prospective borrower applying for a loan of between $500 and $2,000. It's important for customers to know how much they can afford to pay back because even though they make repayments by payroll deduction, the repayments might not leave them with enough to live on.
Quick and Easy Finance suggests that customers only take out loan amounts that are 20% of their net income. Due to the short term of the loan, this means that they can pay off their debt quicker.
Here are the features that customers can expect from a short-term loan from Quick and Easy Finance:
The fees and charges for this loan are already calculated in the repayment calculator. This means that the amount an applicant sees after they've chosen their repayment terms, the term of the loan and the frequency of payments is the amount that will be taken out of their account.
There are no fees or charges for paying off a loan early, although there is a $15 charge to access an applicant's credit information when they apply for this loan. However, since the lender takes out the repayments through payroll deductions, their department might charge them a processing fee. This processing fee will be added to their payment.
It is important to note that if an applicant is a pensioner, self-employed or a casual employee, Quick and Easy Finance will not accept their loan application. Applicants will also need to meet the following eligibility requirements to get a loan:
Customers will need the following documentation to apply:
They can apply through fax, mail or phone as well as through the online application.
Whilst we don't compare Quick and Easy Finance loans directly, use the table below to see how they compare against other loans.