Swoosh Finance Personal Loan

Swoosh Finance provide loans with terms up to 2 years 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 $2,100 and $4,600, and if you’re approved you’ll have up to 2 year(s) to repay your loan.

Min Loan Amount$2,100
Max. Loan Amount$4,600
Loan Term12-24 months
Loan SecuritySecured
Arrears Fee$25
Turnaround TimeNext business day
Costs$400 + 48% APR of borrowed amount
RequirementsYou must be 18+, been employed for at least 3 months and be a Permanent Australian Resident
Available to Centrelink borrowersYes
Application Fee$400


  • Long repayment terms
  • Fast application
  • Automated repayments


  • $400 establishment fee
  • High interest rate
  • Aged 18+
  • Permanent Australian resident or citizen
  • Be employed and have been in your job for at least three months
  • Own a vehicle registered in your name with no finance owing on it or encumbrances
  • 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

How does borrowing from Swoosh Finance work?

You can apply for a loan from Swoosh Finance online and find out if you've been conditionally approved within 60 minutes if you apply during business hours. Once the document is signed your funds will be transferred to you in as little as one hour, but depending on who you bank with it can take between 24-48 hours.

Swoosh Finance offers terms of 2 year(s) with repayments tailored to your financial situation. Your repayments are automatically direct debited from your account according to your loan schedule.

Keep reading to see a breakdown of costs and other features offered by Swoosh Finance.

Features of a Personal Loan from Swoosh Finance

Swoosh Finance offers various features with its loans, including:

  • Easy application.
    You can apply online and complete the application in five minutes. Swoosh uses BankStatements.com.au to securely retrieve the last 90 days of your statement history to process your application.
  • Fast turnaround time.
    Swoosh Finance can usually have your loan approved and sent to you on the same day depending on who you bank with. Applications made on weekends, public holidays or later in the day will see your loan processed on the following business day.
  • Automatic repayments.
    Repayments will be direct debited from your account on the agreed upon dates.
  • Longer repayment period.
    Swoosh Finance offers terms up to 2 year(s) 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: $400
  • Annual Percentage Rate (APR): 48% p.a.

What you might pay:

  • Direct debit dishonour fee of $25

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:

  • Be 18 years or older
  • Be a permanent Australian resident
  • Be employed and have been in your job for at least three months
  • Own a vehicle registered in your name with no finance owing on it or encumbrances
  • 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:

  • Online banking details including your BSB and account number to receive your loan
  • Personal details such as your name and address
  • Information relating to your vehicle
  • Details of your employer or the Centrelink payments you receive
  • Your driver’s licence or Medicare card number
  • Information regarding your income and expenses

The application should take less than five minutes and you can receive a response in 60 minutes if you apply during business hours. Your approved funds will arrive in your account within 24-48 hours.

If you’re interested in a loan up to $4,600 where you’ll have a little longer to repay, Swoosh Finance is an option for you to consider.

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58 Responses

  1. Default Gravatar
    June 23, 2017

    Hi, I’m interested to apply but have part 9 debt agreement.
    I have an old car registered under my name worth about $5k.
    Am I still qualified to apply?


    • Staff
      LiezlJune 24, 2017Staff

      Hi Divi,

      Thanks for reaching out. Just to confirm, you have reached finder.com.au, not actually Swoosh Finance neither do we represent them.

      Yes, those who are in a Part 9 Debt Agreement may apply for this loan provided you meet all the eligibility criteria enumerated above. Also, your car must have no finance owing or encumbrances.


  2. Default Gravatar
    DarylJune 14, 2017

    With that $400 fee do u have to pay that up front or do you pay that off with the loan?

    • Default Gravatar
      JonathanJune 14, 2017

      Hi Daryl!

      Thanks for the comment.

      Fees and interest charges will be part of your loan amortization.

      Hope this clarifies.


  3. Default Gravatar
    SherriMay 9, 2017

    Do you have a line I can call to speak to someone? My emails aren’t getting replied to…

    • Staff
      ArnoldMay 9, 2017Staff


      Thanks for your inquiry.

      You can open a live conversation with an agent by clicking the Want to chat link on the bottom right corner of Finder.com.au.
      Please see the image belowWant to chat link

      Hope this information helped.


  4. Default Gravatar
    jarronMay 5, 2017

    Hi I got approved and ive been waiting for your confirmation. is there a way to contact you?

    • Staff
      LiezlMay 5, 2017Staff

      Hi Jarron,

      Thanks for your question. Just to confirm though, you have come through finder.com.au, not actually Swoosh Finance Personal.

      You can enquire about your application via email on admin@swoosh.com.au or through their customer service on 1300 728 102.

      I hope this helps.


  5. Default Gravatar
    benApril 7, 2017

    hi i currently have a bad credit rating but i earn $650 a week would i be eligible

    • Staff
      LouApril 7, 2017Staff

      Hi Ben,

      Thanks for your question.

      You can apply for Swoosh Finance Personal Loan even if you have bad credit.

      You may also check this page to compare other bad credit personal loans.


  6. Default Gravatar
    KevJanuary 19, 2017

    Hi i nearly pay my loan i like to reapply haven’t miss any payments and getting rejected cause i don’t have a car registered in my name

    • Staff
      MayJanuary 19, 2017Staff

      Hi Kev,

      Thanks for your question.

      If you wish to reapply with Swoosh, you may do so. They will assess your application and may approve an amount what they deem you can afford to repay.


  7. Default Gravatar
    January 19, 2017

    hi my partner has 3 current payday loans he wants to pay out and has one credit default which is unpaid is he eligible

    • Staff
      LouJanuary 19, 2017Staff

      Hi Nis,

      Thanks for your question.

      There are personal loans that can consolidate debts even if a person has bad credit score. You can check and compare them through this page.


  8. Default Gravatar
    AhmedJanuary 11, 2017

    I already have a loan from swoosh can I apply now.

    • Staff
      LouJanuary 11, 2017Staff

      Hi Ahmed,

      Thanks for your question.

      Yes, you may apply again if you are a current customer as Swoosh allows you to have more than one loan. Swoosh will assess your overall financial condition and will only lend you what they think you can afford to pay.


  9. Default Gravatar
    HazelJanuary 3, 2017

    How much do I have left to pay off on my loan and is it possible for a top up thanks Hazel.

    • Staff
      LouJanuary 3, 2017Staff

      Hi Hazel,

      Thanks for your question.

      If you’d like to know your existing loan balance with Swoosh, please directly contact them on 1300 728 102 to inquire.

      Swoosh do allow their customers to have more than one Swoosh loan, but you’ll only be able to borrow what they think you can afford to repay.


  10. Default Gravatar
    DavidDecember 1, 2016

    I have a full time job I don’t receive payslips! Can you still get a small personal loan ? It shows my pay going in on weekly basis!

    • Staff
      HaroldDecember 1, 2016Staff

      Hello David,

      Thank you for your inquiry.

      There are providers who offers 3-60 months term deposit. You may want to consider this options.

      I hope this information has helped.


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