Wallet Wizard Small Cash Loan

You could borrow up to $2,000, paying only an application fee and a monthly account keeping fee. This product is no longer available.

The Wallet Wizard Small Cash Loan offers loan amounts between $100 and $2,000. They offered different repayment schedules, allowing you to choose one that would suit you best. They also accepted bad credit applications. Unlike other small loans, they charged an application fee of 15% the loan amount, and a monthly account keeping fee of 2%. There was also no early termination penalty.


Maximum loan amount

Next Business Day

Turnaround time

4-12 months

Term of loan

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Product NameWallet Wizard Small Cash Loan
Minimum loan amount$100
Maximum loan amount$2,000
Initial Maximium Loan Amount$2,000
Arrears Fee$10
Loan term4-12 months
Turnaround timeNext Business Day
Costs15% of the amount you borrow + 2% each month
RequirementsYou must be an Australian citizen over the age 18 and have a steady income.
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.

Compare Other Payday Loans

As this loan is no longer available, you can compare similar options below.

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Jacaranda Finance Personal Loan
9 to 24 months
Under 1 hour - conditions apply
$0 - $1,000 depending on credit
Borrow up to $10,000 and get access to your funds in as little as 1 hour.
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Fair Go Finance Small Loan
1 to 12 months
24 to 48 hours
Establishment Fee of $18 – $400
A small loan between $300 and $2,000 that can be funded in 24 hours.
Credit24 Short Term Loan
4-12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
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.
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Ferratum Cash Loans
3 to 12 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.

Compare up to 4 providers

How do Wallet Wizard loans work?

Applicants can apply for loan amounts between $100 and $2,000, and the loan term depends on the amount you wish to borrow. You can apply for this loan online in a few minutes as long as you meet the eligibility criteria.

You should receive a response shortly after submitting the application. If approved, Wallet Wizard may issue the funds within an hour from approval.

Features of a Small Cash Loan from Wallet Wizard

The Wallet Wizard Small Cash Loan comes with a number of features including:

  • Repayment flexibility. Repayments are set up according to when you get paid to help you manage and budget your repayments. These repayments are automatically debited from your nominated account on the day they're due.
  • Loan terms. For up to $600, loan terms can vary in between four months and six months. If you’re borrowing between $600 and $1,200, loan terms can extend up to nine months, and for loan amounts between $1,200 and $2,000, loan term varies in between six and 12 months.
  • Maximum fee guarantee. How much you end up paying as fees depends on how much you borrow and your loan term, but Wallet Wizard guarantees that fees will never exceed 100% of the amount you borrow.
  • No early termination penalty. If you want to pay the loan off ahead of time, you can do so and you won't be charged a penalty.

Fees and charges

The Wallet Wizard Small Cash Loan doesn't charge early repayment fees, but the following costs apply:

  • Application fee: 15% of the sum you borrow
  • Monthly account keeping fee: 2% of the sum you borrow
  • Printed statement fee: $0
  • Reprinted statement fee: $0
  • Late payment fee: $0 if you contact Wallet Wizard before the due date to make suitable arrangements. If not, $10.
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How to apply for a Small Loan from Wallet Wizard

You can apply for the Wallet Wizard Small Cash Loan online in around to 15 minutes. Before you get started, check if you meet the eligibility requirements:

  • You’re at least 18 years old
  • You’re a permanent Australian resident

To complete the application, you have to provide different kinds of information, details of which are as follows.

  • Personal information like your name, date of birth, and contact details
  • Details from your Australian driver’s license, passport or Medicare card (you’ll have to choose two)
  • Your employment details
  • Information regarding your finances and current loan commitments
  • Your Internet banking details or your bank statements from the last 90 days
  • Your BSB and account number
  • Details of any credit contract you've repaid in the last 90 days

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    Default Gravatar
    November 24, 2017

    How long is wallet wizards loan contracts? Nimble offer up to a year.

      Avatarfinder Customer Care
      November 24, 2017

      Hi Sean,

      Thanks for your inquiry. Please note that we are not affiliated with Wallet Wizard or any company we feature on our site and so we can only offer you general advice.

      You start by applying for any amount in between $100 and $2,000, and the loan term depends on the amount you wish to borrow. Usually the term of loan is up to 2 years. You may inquire with this directly with Wallet Wizard.


    Default Gravatar
    January 9, 2017

    If you have a loan approved on say 10am Saturday morning. What time would it come in on the Monday. Is it likely to be more morning or afternoon?

      Avatarfinder Customer Care
      January 9, 2017

      Hi Lexie,

      Thanks for your question.

      This depends on the bank where the funds will be credited. For most major banks, the funds will be available in your account in under an hour from when Wallet Wizard transfers the cash. However, it may also take longer.

      Wallet Wizard has a cutoff time of paying out the money for approved loans at 2:30 pm Sydney time. If you missed the cutoff time, you’ll have the money the next business day.

      If you are still looking to apply for a fast cash loan, please check the online cash loans featured on our website.


    Default Gravatar
    February 12, 2016

    I’m broke and my financial status isn’t looking good and its ready to stress me out bad..

      Avatarfinder Customer Care
      February 15, 2016

      Hi Peter,

      Sorry to hear about your situation. you may want to consider a free financial counseling service you can call on 1800 007 007. If you are looking for a loan, you may also want to consider some of the government and community financial assistance programs listed on our guide.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Hope this helps.


    Default Gravatar
    October 24, 2015

    I applied and it says I’ve been approved still waiting on money. Unsure what’s going on. I’ve tried calling and nothing

      Avatarfinder Customer Care
      October 26, 2015

      Hi Brodii,

      Thanks for your question.

      If you are approved before 2.30pm on a business day you will receive your money that same day – usually around two hours, but sometimes up to three. If you are approved on the weekend or after the 2.30pm cut-off time on a business day, you will need to wait until the following business day to receive your funds.

      I hope this has helped.



    Default Gravatar
    September 29, 2015

    There’s is no link on wallet wizard website to check the status and balance of my money start loan account?

      Avatarfinder Customer Care
      September 30, 2015

      Hi lhito,

      Thanks for your question.

      You will need to visit the Money Start website to check on the status of your Money Start loan.

      I hope this has helped.



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