Speedy Finance Personal Loan

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Speedy Finance is just that – borrow up to $5,000 and enjoy quick processing of your loan.

With years of experience in this field, Speedy Finance provides quick and easy personal and business loan solutions and aims to provide financial relief to its customers in the quickest possible manner.


Maximum loan amount

Within 24 hours

Turnaround time

10-60 weeks

Term of loan

How does borrowing work?

The process of getting a Speedy Finance Personal Loan begins by your submitting an online loan enquiry, and you can expect a Speedy Finance representative to contact you shortly. The next step is to complete and submit your loan application. Speedy Finance then reviews your application and will let you know of its decision soon after. Upon approval of the loan, your funds will be disbursed into your nominated bank account.

Once you receive the money you have to start making repayments in accordance to the contract’s terms and conditions until you repay the loan completely.

Comparison of payday loans

Whilst we don't compare loans from Speedy Finance directly, use the tables below to see how they compare against other short term loans

Updated September 19th, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
62 days to 9 months
1 hour - conditions apply
10% of loan amount + 2% of loan amount each month
Finder Exclusive: 50% discount on the establishment fee (now 10% of the loan amount) and monthly fee (now 2% of the loan amount)
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
9-12 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 9-12 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.
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + from 8.7% to 48% APR
Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
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.
3 to 12 months
1 business day
10% of loan amount + 2% of loan amount each month
A small loan up to $2,000 from a lender backed by NAB. Transparent eligibility criteria and competitive costs.

Compare up to 4 providers

What features are on offer?

Speedy Finance’s short-term loans come with a number of features that require your attention:

  • Low minimum amount. When you’re applying for a Speedy Finance loan you can borrow as little as $300, so you don’t have to end up borrowing more than you actually need. Know that the more you borrow, the more you’ll end up paying in the form of interest as you'll have more to repay.
  • Use funds for various purposes. You can use proceeds from a Speedy Finance Personal Loan for different reasons like going on a holiday, paying bills, repairing your car, or dealing with an unexpected emergency.
  • Quick processing of a no-obligation enquiry. After you submit your initial enquiry you can expect a response in less than 60 seconds. What helps is that there is no obligation attached to your loan enquiry and it does not qualify as an application. Only if you meet Speedy Finance’s initial criteria do you move forward with your application.
  • Bad credit applications allowed. Speedy Money understands that not everybody has perfect credit history, and you can apply for this Personal Loan even if you have poor credit history, provided you have the ability to repay.

How much does a Personal Loan from Speedy Finance cost?

Just how much a Speedy Money loan would end up costing depends on the amount you borrow, because what you repay includes interest, and the amount you borrow has a direct bearing on the total interest payable. You’ll also have to pay various fees and charges associated with this short term loan.

Keep in mind that loan amounts over $2,000 do not fall under the Government cap of 24%, so you will likely pay more for those higher loan amounts.

Once Speedy Finance approves your loan application, it provides you with a loan contract that you can refer to for the loan’s terms and conditions as well as all associated fees and charges. Only after you go through this document carefully should you consider accepting the loan.

How to apply with Speedy Finance

To apply for a Speedy Finance Personal Loan you have to submit an online enquiry through the Speedy Finance website. Before you do, establish if you meet the required eligibility criteria, which are as follows:

  • You are over 18 years old
  • You are a permanent resident of Australia
  • You have a regular source of income

As part of the loan application process you have to provide different types of information so Speedy Finance can verify your credentials and your ability to repay. As a result, keep the following close at hand.

  • Proof of identification in the form of your Australian driver’s license, passport, or Medicare card
  • Your employer’s name and contact details
  • Proof of income in the form of payslips or bank statements
  • Details about all existing debts like loans, credit cards, and overdrafts

A Speedy Finance Personal Loan can help you take control of your finances, but know that you can find similar features in other loans, so it’s best that you compare a few before applying.

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  1. Default Gravatar
    August 17, 2018

    48% INTEREST, WOW!

  2. Default Gravatar
    April 24, 2018

    Do you know if Speedy Finance records there phone applications/conversations?

    • AvatarStaff
      April 24, 2018

      Hi Robbie,

      Thank you for getting in touch with finder.

      Basically, institutions usually record their phone conversations for quality purposes.

      I suggest that you go to their local branch or contact Speedy Finance directly regarding your enquiry.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I hope this helps.

      Have a great day!


  3. Default Gravatar
    November 23, 2016

    Am i eligible to apply for the amount of 2000-2500 on a disability pension n have 2 existing loans current

    • AvatarStaff
      November 23, 2016

      Hello Penny,

      Thank you for your inquiry.

      You may want to check this page for your guide and reference.
      To check the detailed requirements please navigate to the section where say “What are the eligibility requirements for Disability Support Pension?”.

      I hope this information has helped.


  4. Default Gravatar
    June 26, 2016

    I borrowed $300 recently from Speedy Finance and was told if I was ever to have any difficulty paying it to call and make arrangements – there doesn’t apprear to be anyone answering the phone and I have called several times at different times during business hours and after hours and no response. Could someone please provide me wit a phone number that gets me through th a person or an email address they is regularly checked? I’m only recieving half-pay this week from Centrelink- an unforeseen event at he Tims of the loan and need this nobly to live on.

    • AvatarStaff
      June 27, 2016

      Hi Crystal,

      Unfortunately I’m unaware of any other number you can contact. However, if you head to the Speedy Finance website you can also fill out a contact form on its “Contact” page.

      I hope this will help,


  5. Default Gravatar
    April 10, 2016

    Hello i am just wondering how much can i borrow, ?

    • AvatarStaff
      April 11, 2016

      Hi Vera,

      Speedy Finance offers loans of between $300 and $3,5000, but how much you are approved for depends on your personal financial circumstances and what Speedy Finance approves you for. If you’d like to apply for a loan you can submit your application on the Speedy Finance website.

      I hope this has helped,


  6. Default Gravatar
    October 30, 2015

    Hi I am after a statement for my loan

    • AvatarStaff
      October 30, 2015

      Hi Cherie,

      As a financial comparison service we have no access to your loan details. You’ll need to get in contact with Speedy Finance for any details regarding your account.



  7. Default Gravatar
    August 19, 2015

    I would kike to know if I have payed enough on my loan to get another one cheers

    • AvatarStaff
      August 20, 2015

      Hi Tina,

      Thanks for your question.

      Stress Less Money does let you renew your loan but only if you have repaid a loan with them before. You can get in contact with Stress Less Money to find out about moving forward. If you are referring to taking out an additional loan, unfortunately you’re unable to do this.

      I hope this has helped.



  8. Default Gravatar
    June 20, 2015

    Car lone

    • AvatarStaff
      June 22, 2015

      Hi Quinton,

      You can use your approved loan amount from Speedy Finance to finance anything you like, including a car. If you are specifically looking for a car loan, you can compare and apply for them on this page.

      I hope this has helped.



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