A short-term loan allows you to borrow up to $15,000 online with same-day approval with a repayment term of up to 24 months, at an affordable interest rate – it’s the quickest financing solution available!
View Short-term loan OffersShort-term loans are ideal for emergencies, once-off purchases, and personal expenses.
We're here to help you find a suitable lender that will offer you a loan quickly, easily, and affordably.
In Australia, there are many different types of short-term personal loan solutions available to you in your time of need. Short term loans can be used for many different purposes.
Payday loans offer smaller amounts of money that need to be repaid by your next payday. These loans offer up to $2,000 the main benefit of payday loans is the fact that people with bad credit may apply.
Another popular type of short term personal loan is an unsecured short-term loan. An unsecured loan does not need a form of collateral to secure the loan. This type of loan is risky for the lender so their conditions are usually more strict and normally offer a loan term of up to 1 year.
A secured short-term personal loan allows you to offer an item of value as security for your loan. This could include your car, house or piece of jewellery. This type of loan is less risky for the lender as if you do not pay your loan on time, you could lose the item that you have listed as collateral.
Secured personal loan – This type of loan ranges from $1,000 up to $80,000 with between 1 and 7 years to pay back the loan you will need to list an asset as security for our loan. This asset has the risk of being repossessed should you default on the loan. To apply for a secured personal loan you will need to be at least 18 years old and have a good credit score, you will need to provide proof of a regular income and be an Australian citizen currently residing in Australia. The main benefit of this type of loan is that it offers a lower interest rate than an unsecured loan and can be used for debt consolidation.
Becoming paperless is the way of the future. We use the latest security technology that allows you to apply for a short-term personal loan without worrying about your personal information being stolen or misused. It takes only a few minutes to fill in the online loan application form and the outcome is almost immediate. Once you have agreed to the terms, you can simply sign the contract online once you have signed the funds will be paid directly into your bank account.
There are so many different types of loan options available that is can be confusing to determine which loan option would best suit your needs. To decide which option is best to ask yourself the following questions:
When deciding which type of loan is right for you there are things you should avoid. Some lenders offer a high-interest rate, especially of bad credit loans. Some interest rates are so high that you end up paying a lot more than you originally borrowed in the first place. It is important to look carefully at the interest rate that you are charged and if you are being charged a fixed or variable interest rate.
Some lenders charge high fees and other charges such as initiation fees or application fees. Other fees to look out for include exit fees, late repayment fees, transaction charges and early loan repayment fees.
To qualify you to need to meet the following criteria:
The main advantage of applying for a short-term loan is that you will benefit from a lower interest rate, you may be charged higher charges but they will only be charged for a short period of time so you will save more money than if you take a long-term loan.
Another advantage of a short-term loan is the fact that you are only entering into an agreement for a short amount of time.
With a long-term loan, you will need to sign a contract that obligates you to pay back the money over years to come - the longest loan term can be found when applying for a home loan and can be up to 20 years.
You can apply online and get the loan paid directly into your bank account on the very same day with very little effort on your part.