Speedy Finance Personal Loan

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With Speedy Finance, customers can borrow up to $5,000 and receive their funds quickly.

Speedy Finance are an established Australian short term loan provider offering loans to customers for unexpected expenses to cover them until their next payday.


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 an applicant submitting an online loan enquiry. They can expect a representative at Speedy Finance to get in contact with them shortly after. The next step is for the applicant to complete and submit a loan application. Speedy Finance will then review the application and will let you know of its decision soon after. Upon approval of the loan, funds will be disbursed into the successful applicant's nominated bank account.

Once a successful applicant receives the loan, they will have to start making repayments in accordance to the contract’s terms and conditions until they have repaid the loan completely with the additional interest payments and fees.

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 February 19th, 2020
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Nimble Short Term Loan
62 days to 3 months
1 hour - conditions apply
15% of loan amount + 3% of loan amount each month
Finder Exclusive: 25% discount on the establishment fee (now 15%) and monthly fee (now 3%)
A loan up to $2,000 with terms up to 62 days to 3 months. Centrelink cannot be your primary source of income.
Sunshine Short Term Loans
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
Wallet Wizard Smart Loan (Up to 2K)
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.
Safe Financial Small Loan
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.
Fair Go Finance Small Loan
3-12 months
1 business day
Establishment fee from 20% of loan amount + monthly fee from 4%
A small loan between $500 and $2,000 that can be funded in 24 hours.
Speckle Small Loan
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 attention:

  • Low minimum amount. When someone applies for a Speedy Finance loan, they can borrow as little as $300, so they don’t have to end up borrowing more than they actually need. The more someone borrows, the more they'll end up paying in the form of interest.
  • Use funds for various purposes. Customers can use proceeds from a Speedy Finance Personal Loan for different reasons like paying bills, repairing their car, or dealing with an unexpected emergency.
  • Quick processing of a no-obligation enquiry. After someone submits their initial enquiry, they can expect a response in less than 60 seconds. What helps is that there is no obligation attached to the loan enquiry and it does not qualify as an application. Only if someone's meet Speedy Finance’s initial criteria do they move forward with their application.
  • Bad credit applications allowed. Speedy Money understands that not everybody has perfect credit history, and customers can apply for this Personal Loan even if you have poor credit history, provided that they 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 that someone borrows, because what they repay includes interest, and the amount they borrow has a direct bearing on the total interest payable. They'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% (a 20% establishment fee and 4% monthly fees), so customers will likely pay different amounts for higher loan amounts. The cap for loans up to to $5,000 is a $400 establishment fee and 48% p.a. (including all other fees and charges).

Once Speedy Finance approves a loan application, it provides customers with a loan contract that they can refer to for the loan’s terms and conditions, as well as all associated fees and charges. Only after an applicant goes through this document carefully and understands everything that entering into the loan contract will ential, should they consider accepting the loan.

How to apply with Speedy Finance

To apply for a Speedy Finance Personal Loan prospective borrowers have to submit an online enquiry through the Speedy Finance website. Before submitting an enquiry, prospective applicants should first establish whether or not they meet the required eligibility criteria, they must:

  • Be over 18 years old
  • Be a permanent resident of Australia
  • Have a regular source of income

As part of the loan application process customers have to provide different types of information so that Speedy Finance can verify their credentials and their ability to repay. Documentation that will need to be provided to Speedy Finance includes the following:

  • Proof of identification in the form of an Australian driver’s license, passport, or Medicare card
  • The applicant's 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 may be an appealing option to some borrowers, however there are a number of similar loans on the market that may have more appropriate features for an individual borrower's circumstances, so it’s best that everyone compares 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?

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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.

    • Avatarfinder Customer Care
      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, ?

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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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