Swoosh Finance Personal Loan

Information verified correct on October 21st, 2016

Swoosh Finance provide loans with terms up to 12 months for a longer term solution to your financial shortfalls.

When you’re in need of quick financing you may think your only loan options have short repayment terms, where your entire loan amount is repaid within a couple of weeks. Swoosh Finance offers an alternative solution where you can apply for between $400 and $5,000, and if you’re approved you’ll have up to 12 months to repay your loan.

Product NameSwoosh Finance
Min Loan Amount$400
Max. Loan Amount$5,000
Initial Maximum Loan Amount$2,000
Loan Term1-12 months
Arrears Fee$25
Turnaround TimeNext Business Day
Total Cost of Borrowing $10020% of borrowed amount + 4% of borrowed amount each month
RequirementsYou must be 18+, been employed for at least 3 months and be a Permanent Australian Resident
Available to Centrelink borrowersNo

How does borrowing from Swoosh Finance work?

After you apply for a loan from Swoosh Finance, which you can do online, you may receive conditional approval. You will then need to submit additional documents which Swoosh Finance will use to approve you. Once you're approved your money will be transferred to your account, usually within one hour.

Swoosh Finance offers terms of 12 months with repayments tailored to your financial situation. Your repayments are automatically direct debited from your account according to your loan schedule.

Features of a Personal Loan from Swoosh Finance

Swoosh Finance offers various features with its loans, including:

  • Easy application.
    You can apply online or over the phone and won’t be required to fax over any documentation.
  • Fast turnaround time.
    Swoosh Finance can usually have your loan approved and sent to you on the same day, sometimes within the hour. This depends on when you apply, as applications made on weekends, public holidays or later in the day will see your loan processed on the following business day.
  • Automatic repayments.
    You won’t have to remember to make your own repayments as these will be direct debited from your account on the agreed upon dates.
  • Longer repayment period.
    Swoosh Finance offers terms up to 12 months on its loans, which is considerably longer than many other payday lenders.

How much will the loan cost?

Understanding the cost of any financial product, both what you will pay in fees and interest and what you might pay if you are late with your repayments, is important. The fees for this loan are as follows:

What you will pay:

  • Establishment fee that is 20% of the loan amount
  • Monthly fee that is 4% of the loan amount

What you might pay:

  • Direct debit dishonour fee of $25
  • Default notice/letter fee of $10

Ready to apply? Here’s how.

You can apply for a loan by submitting your application online or over the phone. In order to be eligible for a loan you need to:

  • Have an active mobile phone number and email address
  • Have a driver’s licence number or Medicare card number
  • Be permanently employed and have been in your job for at least three months
  • If you receive Centrelink payments, your debts cannot be more than 20% of your Centrelink income. Centrelink applicants will only be eligible for up to $1,200
  • You can apply if you have bad credit, are currently bankrupt or in a Part 9 Debt Agreement.

You’ll also need the following details to complete your application:

  • Name and date of birth
  • Address, email address and mobile number
  • Details of your employer or the Centrelink payments you receive
  • Your driver’s licence or Medicare card number
  • Information regarding your income and expenses
  • Your bank account details

If you’re interested in a loan up to $5,000 where you’ll have a little longer to repay, Swoosh Finance is an option for you to consider.

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28 Responses to Swoosh Finance Personal Loan

  1. Default Gravatar
    adriana | October 14, 2016

    Hi I’ve nearly finished paying my loan and want to apply for another do I have to provide my drivers licence and medicare number again or what

    • Staff
      Elizabeth | October 14, 2016

      Hi Adriana,

      Yes, you’ll need to provide your ID docs again and complete the application form as normal.

      Hope this helps,


  2. Default Gravatar
    Ian | October 7, 2016

    Can I make repayments monthly as I get paid monthly

    • Staff
      Anndy | October 7, 2016

      Hi Ian,

      Thanks for your question.
      With Swoosh loan, the repayments are scheduled to align with your current pay frequency.


  3. Default Gravatar
    louiese | October 4, 2016

    Hello, can you pay your loan out early if you with to do so?

    • Staff
      Elizabeth | October 4, 2016

      Hi Louiese,

      Thanks for your question.

      There are no fees for early repayment listed on Swoosh Finance’s website, but you may want to confirm with Swoosh itself if you’re able to repay early.



  4. Default Gravatar
    adriana | October 2, 2016

    Hi can I get another loan while still paying off a loan if yes how do I do it

    • Staff
      Elizabeth | October 4, 2016

      Hi Adriana,

      You may be eligible for a Swoosh loan, it will depend on the information your personal financial situation. If you can show you’ll be able to afford the new loan you can apply.

      Hope this helps,


  5. Default Gravatar
    Kathryn | September 23, 2016

    I’m just enquiring about the status of my loan application. I was hoping to get a response by 3 today

    • Staff
      Elizabeth | September 23, 2016

      hi Kathryn,

      The application is handled directly by Swoosh Finance so we can’t tell you about the status. You’ll need to contact them directly to enquire about your loan.



  6. Default Gravatar
    Adam | September 17, 2016

    I applied for a loan today and gave you the wrong email address this is my email

    • Staff
      Elizabeth | September 19, 2016

      Hi Adam,

      You’ll need to contact Swoosh Finance directly to supply them with your correct email. You can contact them on 1300 728 102 or head to their website to submit an online enquiry form.

      Hope this helps,


  7. Default Gravatar
    Damien | September 2, 2016

    Don’t go with swoosh! My loan was due to finish weeks ago and they keep taking payments out my account. I’m about to take it further. Rip offs! Say one thing and do another.

    • Staff
      Elizabeth | September 2, 2016

      Hi Damien,

      Sorry that this has happened as it sounds like an error. Swoosh has various contact channels that you can use to discuss this – head to its website and click on “contact us” to get live chat, phone and email options so you can have this issue resolved.

      If you cannot have the issue resolved by Swoosh directly you can contact the Credit and Investments Ombudsman to find out about dispute resolution processes.

      Hope this helps,


  8. Default Gravatar
    Saifon | August 19, 2016

    I have msm say thank you for my bank statement from swoosh financial. And I would like to know I can borrow money of not?

    • Staff
      Elizabeth | August 22, 2016

      Hi Saifon,

      Unless you have a received a formal loan offer from Swoosh Finance, which includes your repayment schedule and loan terms, you have not been approved yet. You can contact Swoosh Finance directly to enquire about your application.

      I hope this helps,


  9. Default Gravatar
    Robert | August 12, 2016

    Just wondering if i could borrow lets say $2000 before my current loan is paid off.

    • Staff
      Anndy | August 12, 2016

      Hi Robert,

      Thanks for your question.

      Please note that finder.com.au is a financial comparison and information service and not a lender.

      Swoosh Finance Personal Loan allows applicants to borrow up to $2,000, provided you meet the eligibility criteria which include:

      - You must be at least 18 years old.
      - You must have been employed for at least 3 months
      - You must be a Permanent Australian Resident

      Before submitting an application online, you could directly contact Swoosh Finance, inform them of your situation and inquire of your chance of being approved. This way, you will avoid unnecessary enquiry on your credit file.


    • Staff
      Elizabeth | August 12, 2016

      Hi Robert,

      If you have an outstanding loan you may apply for an additional one. Keep in mind you’ll need to be able to show that you can manage the extra repayments. To apply, just click “Go to Site” to submit your application.

      I hope this helps,


  10. Default Gravatar
    Aaron | August 3, 2016

    Hi I’m just wondering when will I get approved for my loan that I applied for earlier today.

    • Staff
      May | August 3, 2016

      Hi Aaron,

      Thanks for your question.

      Usually, if you’re approved, Swoosh Finance will have your loan sent to you on the same day. If you wish to make a follow-up, please contact Swoosh Finance directly.


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