Payday Loans

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A cash advance while you wait for your salary

Whether you need to buy groceries, go to the dentist, or pay overdue bills, a payday loan offers you the quickest credit solution.

Easy to qualify for with short terms, payday loans are ideal for such once-off expenses and cash emergencies. Get your finances sorted with these leading payday loan offers.

Frequently Asked Questions

Payday loan calculator What is a payday loan? How to apply for a payday loan? Payday loans no credit check Benefits of a payday loan

What is a Payday loan?

These loans got their name from the fact that the loan is granted on the terms that you pay back the loan in full on the next date that you get paid.

Payday loans were designed to help you get a quick cash loan when you need it. A payday loan is an unsecured loan because you don’t need to put up any form of collateral as security for your loan. These types of loans are perfect for unexpected expenses or when you need to take advantage of a time-sensitive deal or special.

A payday loan can range from $100 to as much as $2,000 and needs to be paid back in full the next time that your salary is paid into your bank account. There isn’t very much risk to the lender as they will automatically deduct the funds from your bank account.

Payday loans can become a risk if you are already struggling to make ends meet because you will need to pay back the loan plus interest in one full payment. If you can’t afford this then you will be forced to take out another loan to cover the cost of the last one and this can lead you into bad debt. If you're applying for a payday loan to pay off debts it is best to consider alternatives such as debt consolidation loans.

How do I apply for a Payday loan online?

All you need is an internet connection and you can apply for a payday loan from anywhere. Fill in the online loan application form. We will assess your application and give you an outcome within a few minutes.

No credit check

Payday loans require us to run a credit check, this means the chance of your application being approved increases. If your application is declined, we will put you in touch with another bad credit loan provider or offer you financial assistance and guidance.

Benefits of a Payday loan

A payday loan is a simple cash solution for when you need some extra cash in a hurry or you have an emergency and you need cash now. Payday loans can be used to pay bills that would otherwise accumulate late fees and extra charges or to stop you from defaulting on an account. Dodge late penalty charges or takes advantage of time-sensitive sales.

Quick & efficient

Banks and traditional lenders make you wait for an outcome this can be very stressful and you feel like you can do nothing but sit around and wait. We understand that you need the money and you need it now. That is why Payday loans are handled with speed and service excellence. Applying online only takes a few moments and there is no horrible paperwork to complete.

The speedy process continues when your loan application has been approved as we will transfer the money directly to your account on the very same day that your application is approved.

Simple requirements

Payday loans are more easily granted than traditional personal loans as there are fewer requirements needed. The basic requirements that you need to apply for a Payday loan are you need to be at least 18 years old and a permanent resident of Australia you will need to have a job with a stable income and be able to pay back the loan.

You will need to have a bank account for the loan to be paid into and to be debited to pay back the loan. Even if you have a bad credit score your loan application may still be approved depending on your current affordability.

Improve your credit score

Use your payday loan to help you to improve your credit score, when you repay your payday loan on time this will count in your favour and improve your credit rating.

Payday loan repayment

Payday loans need to be paid back in full the next time that your salary is paid into your account. This can be anywhere between 14 to 30 days depending on the frequency that you are getting paid. These types of online loans are approved very easily and your credit history is seldom an issue.

As a payday loan is an unsecured loan, there is no need to list any form of collateral and there is no need to risk losing any items of value.

When should you consider a Payday loan?

You should consider taking out a payday loan only if it is necessary reasons that can include:

Medical emergencies
When you have a medical emergency it is scary enough without having to worry about how you are going to pay for the doctor and hospital fees. In this case, an emergency loan could be the perfect solution.
Paying the rent
If you haven’t paid the rent are facing eviction if you don’t pay in a hurry then a payday loan could save you from losing your home.
Paying for food & groceries
If you have run out of food or need to purchase basic groceries a payday loan can help you make ends meet until your next payday.
Down payments
If you need to pay a deposit in a house or you have found the car of your dreams and you need to make a down payment but don’t have cash on hand to secure the sale a payday loan may help you seal the deal.
Poor money management
Life can be expensive and sometimes you waste money on things you don’t really need and you realize at the end of the month that you don’t have enough money to make it through the rest of the month.

Payday loan Rates & fees

Payday loans are short-term loans and charge a higher interest rate than personal loans or other loans because these rates are calculated on a monthly repayment fee on the entire loan amount and the entire loan amount must be paid back in full by the next time that you are paid. The establishment fee is charged at 20 % of the total loan amount and the interest rate is charged at 4% on a monthly basis.

Payday loan calculator

List of direct lenders offering Payday loans

Cash Smart
- Loans up to $2,000
- Term up to 24 weeks
- Interest from 48%
CashToday
- Loans up to $500
- Term up to 30 days
- Interest from 48%
Money Smart
- Loans up to $2,000
- Term up to 12 months
- Interest from 48%
iWant
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
MoneyMe
- Loans up to $15,000
- Term up to 36 months
- Interest from 48%
Nimble
- Loans up to $5,000
- Term up to 24 months
- Interest from 48%
Clear Cash
- Loans up to $3,000
- Term up to 30 days
- Interest from 48%
Sunshine
- Loans up to $2,000
- Term up to 9 weeks
- Interest from 48%
Cigno
- Loans up to $1,000
- Fast approvals
- Low rates and fees
Viva
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
Instant Payday ...
- Loans up to $1,000
- Term up to 2 weeks
- Interest from 48%
No Credit Check
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
My Australia Pa...
- Loans up to $1,000
- Term up to 30 days
- Interest from 48%
Cash Converters
- Loans up to $5,000
- Term up to 24 months
- Interest from 48%
Ferratum
- Loans up to $1,900
- Term up to 6 months
- Interest from 48%
Instant Cash On...
- Loans up to $2,000
- Term up to 12 months
- Interest from 48%
Quick Cash
- Loans up to $2,000
- Term up to 12 months
- Interest from 48%
Perfect Payday
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
Direct Finance
- Loans up to $5,000
- Term up to 12 months
- Interest from 48%
Sprint
- Loans up to $4,500
- Term up to 30 days
- Interest from 48%
Pronto Cash
- Loans up to $4,500
- Term up to 12 months
- Low rates
Speckle
- Loans up to $2,000
- Term up to 12 months
- Competitive terms
Kwoom
- Loans up to $800
- Term up to 32 days
- Interest from 48%
Flexi Plus Fina...
- Loans up to $4,600
- Term up to 104 weeks
- Interest from 48%
Aussie Cash
- Loans up to $500
- Term up to 18 days
- Interest from 48%
Financier
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
Money Buddy
- Loans up to $2,000
- Term up to 6 months
- Interest from 48%
Payday Money
- Loans up to $4,600
- Term up to 12 months
- Interest from 48%
DollarsDirect
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
1 Hour Loans
- Loans up to $1,500
- Term up to 4 weeks
Payday Loans Ri...
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
Money Friends
- Loans up to $1,500
- Term up to 30 days
- Interest from 48%
Speedy Money
- Loans up to $1,600
- Term up to 30 days
- Interest from 48%
Enably
- Loans up to $20,000
- Term up to 24 months
- Interest from 48%
Easy Payday
- Loans up to $1,000
- Term up to 30 days
- Interest from 48%
Payday 24/7
- Loans up to $2,000
- Term up to 30 days
- Interest from 48%
SpotMe Now
- Loans up to $5,000
- Term up to 12 months
- Low interest rates
Club Money
- Loans up to $5,000
- Term up to 365 days
- Interest from 48%
Australia Payda...
- Loans up to $1,000
- Term up to 50 days
- Interest from 48%