Wallet Wizard Small Cash Loan Review

Do you need $2,000 in a hurry? With a Wallet Wizard Small Cash Loan, you get repayment flexibility and a transparent fee structure.

Product no longer in market

Wallet Wizard no longer offer the Small Cash Loan. Find out about the current Wallet Wizard Smart Loan product here.

The Wallet Wizard Small Cash Loan lets borrow any amount between $100 and $2,000. Upon the approval of your loan, Wallet Wizard gives you different repayment schedules from which to choose, so you can go with one that suits you best. What helps is that you can apply for the Wallet Wizard Small Cash Loan even if you have bad credit.

If you choose to take this loan you don’t have to worry about any kind of hidden fees and costs, because all the charges are laid out clearly before you apply. All borrowers have to pay application fees and monthly account-keeping fees, which are outlined on the page below.

Compare Other Payday Loans

As this loan is no longer in market, here are some other loans that are similar.

Updated April 20th, 2019
Name Product Maximum Loan Amount Term of Loan Cash Deposited In Costs Fortnightly Repayment (for $1500 Loan)
9-15 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 9-15 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
62 days to 1 year
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 1 year. Centrelink cannot be your primary source of income.
6-12 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.
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
up to 6 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.
6 to 12 months
20% of loan amount + 4% of loan amount each month
A short-term loan from $500 that you can have up to 12 months to repay. All credit histories considered.
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.

Compare up to 4 providers

How do Wallet Wizard loans work?

How these loans work is relatively straightforward. 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. You can apply for this loan online, and the process takes no more than a few minutes.

You find out the status of your application soon after applying, and the next step is the disbursement of funds from Wallet Wizard. You can receive the funds in your nominated account within an hour from approval, although this depends on the time you accept your contract.

Your repayment frequency takes your salary schedule into account, so your repayments remain timely. You can choose to pay the balance before schedule without worrying about prepayment penalties.

Features of a Small Cash Loan from Wallet Wizard

The Wallet Wizard Small Cash Loan comes with a number of features, and here’s what you can expect:

  • Repayment flexibility. Repayments are set up according to when you get paid, making it easier to manage and budget your repayments.
  • Automatic repayments. You don’t have to worry about remembering making repayments towards your loan. Repayments come in via automatic direct debits through a nominated account on the day they’re due.
  • Flexible loan terms. Unlike a standard payday loan, this loans doesn't come with extremely short loan terms, so you don’t have to worry about making large payments. For up to $600, loan terms can vary in between four months and six months, if you’re borrowing in 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. Just 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. This is for no matter how long the loan term is.
  • No early termination penalty. If you run into some money and want to pay the loan off ahead of time you can do so easily, and you don’t have to pay any early termination fees.

Fees and charges

Take just about any kind of loan and you’ll have to end up paying some kind of fees and charges, and the Wallet Wizard Small Cash Loan is no different. One advantage is that this loan does not attract any early repayment fees. Details about other fees and charges it attracts are as follows:

  • 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

Applying for a Wallet Wizard Small Cash Loan is easy, and you can complete the process in around 10 to 15 minutes. You can apply online, but before you begin, make sure you meet the following eligibility criteria:

  • 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

If you need money in a hurry, and not too much, you can consider applying for the Wallet Wizard Small Cash Loan, but since there are other similar personal loans out there, make sure you compare a few before deciding.

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20 Responses

  1. Default Gravatar
    SeanNovember 24, 2017

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

    • finder Customer Care
      RenchNovember 24, 2017Staff

      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.


  2. Default Gravatar
    LexieJanuary 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?

    • finder Customer Care
      LouJanuary 9, 2017Staff

      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, you may also want to check your options here.


  3. Default Gravatar
    PeterFebruary 12, 2016

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

    • finder Customer Care
      ElizabethFebruary 15, 2016Staff

      Hi Peter,

      While I can’t offer you any personal advice, there is a free financial counselling service you can call on 1800 007 007. You may also want to consider some of the community financial assistance programs listed in one of your guides in this section.

      Hope this helps.


  4. Default Gravatar
    BrodiiOctober 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

    • finder Customer Care
      ElizabethOctober 26, 2015Staff

      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.



  5. Default Gravatar
    lhitoSeptember 29, 2015

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

    • finder Customer Care
      ElizabethSeptember 30, 2015Staff

      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.



  6. Default Gravatar
    TiffanySeptember 6, 2015

    I need to apply for a loan of $1000 dollars to register my car and keep getting turned away. I’m just wondering can you still apply for a loan if you are unemployed on benefits and if you have a bad credit rating thank you Tiffany

    • finder Customer Care
      ElizabethSeptember 7, 2015Staff

      Hi Tiffany,

      Thanks for your question.

      You are able to apply for a Wallet Wizard loan if you are receiving Centrelink benefits and have bad credit. The main thing they look for is your ability to manage your repayments. If you’re looking to submit your application you can do so on the Wallet Wizard website.

      I hope this has helped.



    • Default Gravatar
      TiffanySeptember 8, 2015

      I have tried wallet wizard and was declined I have tried 27 on line loan companies and have been declined for all of them no one will give me a chance. I have never had a loan before and can’t get one because no one is willing to let me prove to them that I can make the repayments. If no one gives me a chance I have no hope

    • finder Customer Care
      ElizabethSeptember 9, 2015Staff

      Hi Tiffany,

      Thanks for your question.

      There are a few reasons why a lender may decline you for a loan, but it comes down to you not meeting its lending criteria. Each time you apply for a loan the enquiry will be listed on your credit file and the rejected application may affect your chances to be approved for further loans, which may explain why you’ve had trouble being approved. I’m unable to give you personal advice but you may want to give the free financial service a call on 1800 007 007. You can also consider the alternative loan options listed here and see if you’re eligible.

      I hope this has helped.



  7. Default Gravatar
    lisaAugust 28, 2015

    iam just enquiring I want to buy a car but it says only 5000 is that all I can borrow

    • finder Customer Care
      ElizabethAugust 28, 2015Staff

      Hi Lisa,

      Thanks for your question.

      Tha maximum loan amount available from Wallet Wizard is $5,000. If you’re after a higher amount, you can compare other bad credit loans up to $10,000 on this page, and car loans on this page.

      I hope this has helped.



  8. Default Gravatar
    KDJuly 6, 2015

    NEVER go with this company.

    Next hour payment is a load of bollocks. Owe this company 2000 bucks plus interest and they still haven’t loaned me anything four days after approval.

    • finder Customer Care
      ElizabethJuly 6, 2015Staff

      Hi KD,

      Thanks for your comment and sorry to hear about your experience with Wallet Wizard. Your first step to rectifying this would be to get in contact with Wallet Wizard – if they have not sent you the money yet you shouldn’t be required to make repayments.

      If they cannot solve the issue for you in a timely manner or do not honour your contract, you have the option of registering a complaint with the Credit and Investments Ombudsmen who can act on your behalf. You can do this on their website.

      I hope the situation is resolved for you.



  9. Default Gravatar
    EbonyJune 21, 2015

    With the application fee if I say borrow, 2,000 would I only get 80% of that amount? So in all not receiving the full amount I need at all? Correct me if my understanding is flawed I’m new to this loan business thing

    • finder Customer Care
      ElizabethJune 22, 2015Staff

      Hi Ebony,

      Thanks for your question.

      If you borrow $2,000 you will need to pay 20% of that amount as an establishment fee on top of the $2,000 you borrow. You will also need to pay a monthly fee that is 2% of the amount you borrow. All of these fees will be added on top of your principal loan amount.

      I hope this has helped.



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