Find flexibility and convenience with a fast, small loan.
Getting access to money used to mean lining up in a bank and then waiting for days to see if your loan was approved – but not anymore. With the rise of online payment providers, people can have access to credit in as little as fifteen minutes and at the most one business day. Find out about your options for a small personal loan that can be in your account quickly.
Sunshine Short Term Offer
Sunshine Short Term Offer
- Centrelink borrowers considered
- Fast approval service
- Borrow up to $2,000
100% confidential application
Sunshine Short Term Offer
This is a short term loan offer with a fast and easy online application for bad credit borrowers who are employed. You can apply today to get approved for up to $2,000
- Loan amount: $2,000
- Loan term: 9 weeks
- Turnaround time: 30 Minutes - conditions apply
- Fees: 20% of borrowed amount + 4% of borrowed amount each month
- Bad credit borrowers OK
- Quick and easy Approval
- No Credit Checks - Must be employed
Compare fast small personal loans in Australia
Warning about Borrowing
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:
- 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 fast can I get a personal loan?
Most short term loan providers offer same-day turnaround for loans. The earlier you apply, the more likely it is you will receive your loan on that day. Here are some things to keep in mind:
- Who you bank with. If you bank with the same bank the lender uses to transfer the money, usually one of the Big Four banks, then you can receive your money within minutes. The Big Four tend to have quicker transfer times than smaller banks and credit unions.
- When you are approved. While you might apply early in the day, it depends on when you are approved to be sent your funds. Lenders will only transfer your money when you've agreed to the contract.
- Cut-off times. Most lenders will have a cut-off time, usually between 2pm and 4pm, which you need to apply and be approved before to receive your funds on the same day.
How does the loan process work?
The process of applying for, taking out and repaying one of these loans will differ depending on the lender you apply with and the type of loan you take out. Generally, you can expect the following:
- Take a look at the options available to you. Decide what kind of loan you want and then find a lender that can offer you the features you want. Consider loan amount, turnaround time and whether you'll be eligible for the loan.
- Start the application process. This process will depend on the lender you apply with. To apply for a loan you see on finder.com.au, simply click 'Go to Site' and fill out the application form. Generally, you'll need to provide documents to confirm your identity, employment and your last three months of bank account statements. The lender may also perform a credit check.
- The approval time to expect. Most lenders are able to tell you if you've been approved instantly — within one minute or less. This may be the final approval or it may be conditional approval pending a credit check. Once you've been approved, you can sign and return the credit contract.
- Receive your loan amount. As these loans are 'fast' you will be able to receive them within one business day. Some lenders can even have your loan amount with you within the hour, depending on who you bank with.
- Repaying your loan. Payday loans are called so for a reason — they're designed to be repaid in line with your pay cycle, so the maximum repayment terms usually sit around one or two months. If you're paid weekly, the lender usually requires you to make a repayment each week. If you were paid fortnightly you would need to make repayments every fortnight, and monthly if you receive your pay in that way. Check the repayment terms before you apply to see if they'll be manageable on your budget.
Tristan's big move
After deciding to move out of home, Tristan was careful to organise his finances and budget so he had enough money for bond, the first month's rent and also his moving costs. He owned a ute so he was able to save by not hiring movers.
Two days before he was meant to move his ute broke day and it needed urgent repairs. This was also his work vehicle and it would need to be fixed for the next week. The car would only cost $250 to repair, but that was $250 more than he had. He didn't have a credit card and had spent all of his money covering his moving costs, so he considered his small, short-term loan options.
He found a lender that morning and applied for a loan, and because he applied and was accepted before 2.30pm that day, he had the funds in his account within the hour.
Questions to ask your lender about quick personal loans
These types of loans are quick and convenient, but there are a few things that you should consider before you apply.
- What is the cost?
Because of the convenience of these loans and the quick turnaround for approval, you will usually be charged higher rates and fees than with other loans. Loans under $2,000 have fees capped at a 20% establishment fee and 4% monthly fee. Loans over $2,000 have different caps. Your repayment amount will depend on your loan term and how often you're making repayments. - Are you eligible?
If you have any questions regarding your eligibility you should get in touch with the lender before applying. finder.com.au provides detailed eligibility criteria on payday loan review pages, so before you apply you can ensure you meet the minimum criteria that are stipulated. However, all lenders judge applications on a case-by-case basis, so there is never a guarantee of approval. - Are there any restrictions?
Some lenders put restrictions on their loan features, such as with redraw facilities or repayment requirements and if you do not stick to these restrictions you may be charged. You should familiarise yourself with all aspects of the loan before you apply.
Looking at applying? What you need to know
- Meeting the eligibility criteria
The eligibility criteria for these loans will differ between lenders. Generally, you will need to be over the age of 18 and be a permanent Australian resident. While some lenders will consider you for a loan if you have bad credit history, you will usually still need to prove that you are receiving a regular income and will be able to pay the loan back.
- Submitting your application
These type of loans offer a quick application and approval process that is usually completed online. If you would like to apply with any of the lenders on this page you can follow the secure 'Go to Site' link to their online application form. You will need to provide personal details and also information relating to your finances. Some lenders notify you of your application outcome immediately after you apply and send you your funds soon after.
Picture: Shutterstock
Can I get $500 loan when I have already got two loans under $2000 and my mortgage loan as well.
Hi Volo,
When you’re applying for a payday loan lenders are required by ASIC to enquire whether you’re currently repaying two more payday loans or if you are in default of any other payday loans. If you are, the lenders need to take extra steps to ensure you will be able to afford this extra loan. So, while you may be approved, just keep this in mind when applying, and also consider the loan’s affordability before you submit your application.
Hope this has helped,
Elizabeth
Can anyone tell me a 24/7 online loan office that is guaranteed to loan to newstart customers
Hi Mick,
Thanks for your comment.
You can apply at any time for the loans above however the loan is usually processed within business hours.
This page outlines lenders who will accept Newstart benefits as a form of regular income.
It’s important to note that no lender will guarantee a loan, as each application is handled on a case by case basis.
Hope this helps,
Matt
HEY , GOOD MORNING. JUST A QUERY. I AM AN INTERNATIONAL STUDENT FROM INDIA STUDYING IN AUSTRALIA FROM 2014, JULY 21. I HAVE MY VISA TILL AUGUST 2016. I AM STUDYING AT THE MOMENT. I HAVE COMMONWEALTH ACCOUNT. I AM WORKING IN AGED CARE BUT DUE TO MY PLACEMENTS I COULDN’T MAKE MY FEES. I JUST WANNA ASK IF I CAN TAKE A LOAN OF 1000 DOLLARS FROM YOU GUYS. IT WILL BE WONDERFUL. I WILL RETURN IT IN 2 MONTHS. AS MY STUDY IS FINISHING IN JULY. WOULD BE THANKFUL IF YOU CAN ANSWER MY QUERY.
Hi Roop,
The loan amount you’re after fits with the minimum loan amount of two lenders on this page, Loan Ranger Cash Loans and Ferratum Cash Loans. If you would like to find out more information on any of these loans, click the green “Go to Site” button beside them on the table above.
Thanks,
Elizabeth
I am trying to find a $1000 loan and am in disability pension, family assistance and receive child support!! I do have a bad credit history past but had no idea it left a mark each time I applied for a loan. My boys in years 11 and 12 this year are due to have new stationary shoes shirts and my youngest needs steel cap boots for his 12 month course he is doing this year.
Plus the actual school fees.
I can’t cope, they both are playing local football again this year and need new boots both boys and training begins in less than 2 weeks.
I get refused each and every time I try for loans. Is there anyone who can help me. I earn over $2000 a fortnight. 26/01/2016
Hi Toni,
You can find a list of lenders that consider applicants who receive the pension on this page. On that page there are also some alternative loan options you can consider, including no and low interest loans from Good Shepherd Microfinance. If you’re looking for some personal advice you can call the free financial counselling service on 1800 007 007.
I hope this will help.
Thanks,
Elizabeth
I’m a single parent mother on parenting payment centrelnk ned a loan of $150
Hi Fiona,
Thanks for your question.
You can read our guide on borrowing while receiving Centrelink payments, as well as find a list of lenders who may consider you for a loan on this page.
I hope this has helped.
Thanks,
Elizabeth
I need a $500 loan today please help on new start allowance centrelink
Hi Nardia,
Thanks for your question.
You can find a full list of lenders that consider applications from those receiving Centrelink on this page.
I hope this will help.
Thanks,
Elizabeth