Rating based on 4 reviews


  • Quick loans up to $2,000
  • Low-interest up to 4%
  • Repayment up to 24 weeks

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MiFinance homepage
Author MiFinance. Screenshot of MiFinance website.
[Accessed May 3, 2023]

MiFinance – Quick & easy loans

When life throws you a curve ball and you need some quick cash quickly then MiFinance can assist you. Their online quick loans allow you to borrow between $100 and $800 and give you access to cash within the same day. 

To apply for a cash loan online fill out the online application form on their website for added convenience you can log onto the website from the comfort of your home, office or smartphone. Once you have completed the online emergency loan application form their system will process and verify your information.

Sign online

The world is becoming more environmentally conscious and they are moving to a completely paperless system this means that the entire process can be completed online from the second that you apply. From the verification process to provide your bank statements (via their secure link) and other support documents and everything in between. Once you have received the loan agreement you can sign the agreement online. 

Larger loans

If you need more than $800 cash then they offer larger payday loans between $300 and $2,000 the repayment frequency will match the frequency of your payment date. MiFinance has been helping Australians with financial solutions since 2004 and has countless satisfied clients they use the experience they gain to design loan solutions that will work for your circumstances. They aim to bring their clients loan solutions to fit their needs and their budgets.

Borrow up to $2,000

Their online quick cash loans are the perfect solution for when you need a small amount of cash in a hurry.

Borrow between $100 and $800 with very easy repayment terms that match your pay date so that you never miss a payment. Their larger short-term loans allow you to borrow between $300 and $2,000 for those times that you need money for a larger expense.

All their loans follow the same loan structure. The costs are as follows:

  • You will be charged an establishment fee of 20% of the principal loan amount
  • You will be charged a monthly fee of 4%
  • You won’t be charged any interest on the loan.

To apply for one of their loans you will need to meet the following criteria:

  • You must be at least 18 years old or older
  • You need to earn at least $400 per week
  • You must have a bank account that your salary is paid into
  • You must be able to afford the loan
  • Your Centrelink benefits can’t make up more than 50% of your total income

The secure link provided allows you to use your Internet banking to link your bank statements so that they can view them easily and verify your information quickly and efficiently this will allow them to process your fast loan application faster.

MiFinance – Quick loan

  • Loan Type Quick loans
  • Interest Rate 4%
  • Loan Amount up to $2,000
  • Repayment 9 weeks to 24 weeks

Benefits of MiFinance

  • Apply even if you have bad credit
  • Their online loan applications are simple and fast
  • Apply 100% online

Quick loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This quick loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

MiFinance – For when you need a fast reliable loan

The process of applying for one of their quick loans is very simple.

  1. Apply online by completing the online application form
  2. Sign the loan agreement online
  3. You need to supply 90 days' bank statements (you can do this by using the secure link provided)
  4. Once the loan is approved the money will be transferred directly into your bank account.

What if you can’t make a payment?

Life is not always smooth sailing and sometimes you need to take a loan to cover the shortfall. If you have already taken a loan and you are still having money trouble and struggling to make payments on your loan then you need to let them know. If you let them know they will try to assist you where they can and come up with a solution that makes everyone happy.

If you don’t let them know you are having trouble making payments then you will be charged $30 for missing a payment. They will try to get in contact with you but if they are unsuccessful after trying for 60 days they will have your account over to their outside collection agency and penalty fees will apply.

Can you renew your loan?

Mi Finance does not renew personal loans by rolling them over or via refinancing. Only once your loan has been paid off in full will you be eligible to apply for a new loan. The loan application process will be much quicker as they already have your details but you will need to consent to a credit check and link your bank statements each time that you apply for a new loan. They have a returning customer tab on their website that you can use to make it easier to reapply for a loan.  In future, you may be able to qualify to borrow more money.

Only take a loan if you need it

Borrowing money and relying on bad credit loans can become very expensive very quickly and you can end up trapped in a debt cycle if you aren’t careful. Only take a loan if you are sure that you will be able to make the repayments. If you are having financial issues you should call 1800 007007 from anywhere in Australia to speak to an independent financial counsellor.

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MiFinance is a trusted & reliable provider of quick loans

In our review, MiFinance adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ MiFinance is a registered credit provider in Australia: ACL 389029

Customer Reviews & Testimonials

With the help of a personal loan from Mifinance I was able to get the renovations done on the kitchen with some money to spare that made for a wonderful family getaway! Thanks Mifinance!

Belinda D
— Canberra —

Thanks to Mifinance I was able to afford the perfect vehicle for my family. We are very satisfied with the deal that we received!

Paul M
— Port Augusta —

MiFinance Contact

Physical Address

  • Suite 9, Professional Centre, Smiths Rd St Ives Shopping Centre Goodna QLD 4300 Australia
  • Get Directions

Postal Address

  • P.O. Box 40, Goodna, 4300, Australia

Opening Hours

  • not available