Speedy Finance Personal Loan

Borrow from $300 up to $5,000, with repayment terms of 10 to 60 weeks. This loan is expensive and comes with high fees and charges.

Speedy Finance is a short-term or payday loan provider. You can make a no-obligation enquiry and receive a response in 60 seconds. If you wish to proceed, you can borrow between $300 and $5,000. Turnaround times are fast, and you can receive the loan within 24 hours of applying. Loan terms are short, ranging between 10 to 60 weeks. This loan is expensive. For loans less than $2,000, there is a 20% establishment fee and a 4% monthly fee. For loans above $2,001, the establishment fee is $400, and an interest rate of 48% p.a. will be charged. Payday loans are not a long-term financial solution and should only be used in case of emergencies.


Maximum loan amount

Within 24 hours

Turnaround time

10 to 60 weeks

Term of loan

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameSpeedy Finance Personal Loan
Minimum loan amount$300
Maximum loan amount$5,000
Loan term10 to 60 weeks
Turnaround timeWithin 24 hours
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.

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 applicants 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

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

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
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
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.
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.
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.

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.
  • Straightforward 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 meets 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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    August 17, 2018

    48% INTEREST, WOW!

    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!


    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 read our guide about disability pension eligibility requirements 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.


    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,


    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,


Go to site