Same Day Personal Loans

Find out which lenders can fund your loan today.

People associate same-day personal loans with shady cash lenders or pawn shops, but there are plenty of reputable lenders to choose from – including some of the Big Four banks. Find out which lenders you can get a same-day loan from and what you need to consider before you apply.

All the ways you can get a personal loan today

There are a few different ways you can get a same-day personal loan:

  • Same-day funding for new and existing customers.
    This type of personal loan is offers by lenders that are just able to process the application quickly for all customers.
    Lenders that offer this type of loan include Commonwealth Bank and Westpac.
  • Same-day loans for existing customers.
    This type of personal loan is offered by some lenders to their existing customers. As banks hold more data on their existing customers, it's easier for them to make a decision about them rather than new customers.
    Lenders that offer this type of loan include Bankwest and NAB. Short-term lenders such as Nimble, Wallet Wizard and MoneyMe also have "Member's areas" that give you a quicker application process.
  • Short-term lenders.
    Lenders that offer small, short-term loans can usually have funds to you on the same day. You are usually able to borrow between $100 and $2,000 although some lenders offer up to $5,000. Terms are usually between 16 days and 1 year but typically are around 3 months.
    Lenders that offer these types of loans include Nimble, MoneyMe, Sunshine Loans and Ferratum. Compare them in the table below.
  • Line of credit or overdraft
    A personal overdraft or line of credit is a small funding option that is usually offered by banks to their existing customers. Overdrafts are attached to your transaction account and allow you to overdraw up to a limit, which you then repay at a variable rate, whereas a line of credit works in the same way but sits in a separate account. Both can usually be organised by your bank within the hour.Lenders that offer this type of loan: Westpac offers a Flexi Loan that allows you to access your credit 24/7. The interest is paid on the outstanding balance and is charged at a variable rate.
  • In-branch applications
    Some lenders offer automatic approval and provide same-day funding to customers who apply in a branch. You will generally need to bring a form of identification, bank statements and details of your finances including your income, assets, credit accounts and debts. The bank can then verify your documents in person.Lenders that offer this type of loan: MyState offers instant decisions and same-day loan facilities for people who drop into a MyState branch. This includes secured personal loans, unsecured personal loans and overdrafts.
  • A secured same-day personal loan
    This is quite a unique type of personal loan, with lenders allowing you to use a valuable asset as security. Types of assets can include jewellery, gold, watches, antiques, luxury boats, luxury cars and fine wine collections. The lender usually requires a valuation of the product and then offers a loan amount based on the valued amount. These type of loans usually have a quick turnaround time, with some lenders offering the loan amount on the same day.Lenders that offer this type of loan: Assetline is a lender that specialises in these type of loans and offers same-day funding after an ID check has been completed and your valuables appraised. Assetline offers loans of varying amounts for up to three months.

Which banks offer same-day personal loans?

LenderHow much you can borrowConditionsAvailable to new customers?Find out more
CommBank$4,000 to $50,000Apply before 12pm Mon-Fri, not available for secured loans.yesCompare
NAB$5,000 to $55,000Be approved in-store by 2pm and have had an active NAB account for 6 months.NoCompare
Bankwest$5,000 to $100,000Apply and be approved before 4pm WST and have at least 3 months salary deposited in a Bankwest account.NoCompare
Westpac$4,000 to $50,000-yesReview

Same-day short term loans comparison

If you have weighed up your options and are considering a same day personal loan, but don't have perfect credit history, a short-term loan might be an option. Compare loans below.

Rates last updated March 22nd, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
9-15 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Family Business since 1999.
Nimble Short Term Loan
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
Apply for up to $2,000 and have 62 days to 1 year to repay. Note: Centrelink must not be your primary source of income.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
24 hours
47.8% APR
Apply for up to $2,000 as a convenient line of credit.
Ferratum Cash Loans
up to 6 months
Same Day if approved
20% of borrowed amount + 4% of borrowed amount each month
Ferratum lets you apply for up to $1,900 without a credit check.

Compare up to 4 providers

Alternative types of same-day loans to consider

Rates last updated March 22nd, 2018
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Bank of Melbourne Unsecured Variable Rate Personal Loan
From 12.99% (variable)
1 to 7 years
An unsecured personal loan that gives you a choice between a fixed or variable rate. Apply before 30th April 2018 and you could get 1% off the advertised rate.
Westpac Unsecured Personal Loan
From 12.99% (fixed)
1 to 7 years
Borrow up to $50,000 for a term of up to 7 years with this unsecured loan.
St.George Unsecured Personal Loan - Fixed Rate
From 12.99% (fixed)
1 to 5 years
Convenient redraw facility and flexible personal loan repayment options with a competitive interest rate. Apply before 30th April 2018 and you could get 1% off the advertised rate.

Compare up to 4 providers

What should you consider before applying for a same-day personal loan?

Same-day personal loans can seem like a quick and convenient option to access money, but their fast turnaround time does not mean that you should give these loans any less consideration than you would other loans. You need to think about your personal financial situation and your ability to pay back the same-day loan before you apply. You should also consider the features of the loan, such as if it has a fixed or variable rate and your repayment options, to see if the loan meets your borrowing needs.

It may also be worthwhile to consider other forms of credit as possible options. For example, would it be cheaper to put this expense on your credit card or to take out a personal loan?

Looking for more options?

A loan for the weekend

Check out your weekend loan options.

Consolidate debt

Look at bad credit debt consolidation options.

How to apply for a same-day loan

To apply for any of the same-day personal loans offered on this page, simply click "Go to Site" to apply. The eligibility conditions will differ between lenders but generally, you will need to be over the age of 18, a permanent resident and have a good credit rating.

Related reading: Credit Cards vs Personal loans

Picture: Shutterstock

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Personal Loan Offers

Important Information*
SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.14% with a SocietyOne personal loan. Apply before 31 March 2018 to earn 2 Velocity Points for every $1 you borrow.

Pepper Money Unsecured Fixed Rate Personal Loan

Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.74% p.a. The rate you are approved for depends on individual circumstances.

NAB Personal Loan Unsecured Fixed

An unsecured personal loan with a competitive fixed rate that you can make additional repayments to without penalty. Note: You must have held a NAB credit card or transaction account for at least 6 months before applying.

Westpac Unsecured Personal Loan

Borrow up to $50,000 for a term of up to 7 years with this unsecured loan.

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13 Responses

  1. Default Gravatar
    SamuelJuly 18, 2017

    I need a 10,000 dollar loan to pay off debt collectors For a bank loan can I get any help?

    • Staff
      LiezlJuly 18, 2017Staff

      Hi Samuel,

      Thanks for reaching out. Just to confirm, though, you have reached finder, not actually a lender.

      You may be eligible to apply for a loan if you meet the eligibility requirements set by the lenders. Generally, you will need to be over the age of 18, a permanent resident and have a good credit rating. Please click the “More” or “Go to Site” button get more information about the loan and the eligibility criteria. Moreover, lenders listed on this page also offer a loan of up to $10,000 whether you have a good or bad credit rating.

      Just a reminder, please make sure you confirm that you meet the eligibility criteria before you submit your application, as rejected credit applications can have a negative impact on your credit score.


  2. Default Gravatar
    DebraJanuary 3, 2017

    Need to speak to someone about refinancing

    • Staff
      MayJanuary 3, 2017Staff

      Hi Debra,

      Thank you for your inquiry.

      If you would like to discuss your eligibility or options for a refinancing personal loan, I suggest that you get in touch with a lender feature on this page. You can click on the ‘Go to site’ button if you wish to apply, but make sure you review the criteria and eligibility requirements before doing so.

      Hope this helps.


  3. Default Gravatar
    DollyJuly 7, 2016

    Can i get a loan of rs.10000/- on my account on the same day when i apply

    • Staff
      ElizabethJuly 7, 2016Staff

      Hi ammulu,

      Unfortunately the lenders on this page can only lend in Australian dollars and you’ll only be eligible if you’re currently residing in Australia.

      Sorry I couldn’t be of more assistance,


    • Default Gravatar
      DollyJuly 7, 2016

      that’s ok … and thanks…

  4. Default Gravatar
    bennoOctober 12, 2015

    Hello Iis there any other I’d I can use I haven’t got any of them

    • Staff
      ElizabethOctober 13, 2015Staff

      Hi Benno,

      Thanks for your question.

      You can find a full list of payday providers that you can compare on this page. If you’re looking to apply with any of them you can submit an application on your chosen lender’s website.

      I hope this has helped.



  5. Default Gravatar
    AnthonyAugust 28, 2015

    Can i get a loan im on centerlink currently bankrupt family friend willing to go garontor owns his house currently employed

    • Staff
      ElizabethAugust 28, 2015Staff

      Hi Anthony,

      Thanks for your question.

      There are some lenders who may be able to approve you for a loan. You can find out more about borrowing on Centrelink and compare your options on this page.

      I hope this has helped.



  6. Default Gravatar
    AndrewJanuary 31, 2015

    I would like to consolidate my loans into one personal loan and my problem is I have too many enquiries on my Credit file.
    I don’t have any default but instead of making $1000 a week payment I would like to stretch it for min 2 years. My problem is no one wants to help as I am making heavy payments but the creditors are looking from different angle.
    I earn $2500 a week and I would like to have a peace of mind instead of worrying about making payment every week. Is there anyone who can help me please let me know.

    • Staff
      ShirleyFebruary 2, 2015Staff

      Hi Andrew,

      Thanks for your question.

      Please note that is an online comparison service and is not in a position to recommend specific products, providers and services.

      You can compare a range of debt consolidation loans on this page, though you may want to wait 3-6 months before you apply again. Lenders see borrowers who have too many inquiries on their credit file as risky.

      You may want consider free financial counselling, if you would like this option you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday.


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