Short-term Loans

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Looking for quick & simple short-term loan approval?

Short-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.

Frequently Asked Questions

Multipurpose Short-term loans for savvy Aussies

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.

Types of Short-term loans

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.

  • Unsecured personal loan

    An unsecured loan allows you to borrow between $1,000 and $50,000 and gives 1 to 7 years to pay back the loan. There are no restrictions on what the money can be used for and there is no risk of you losing your collateral.
  • Car finance

    This type of loan is specifically for when you would like to secure funds to purchase a new or used vehicle. A car loan can be between $1,000 and up to $80,000 with up to 10 years to pay back the loan. You will need to meet certain criteria and the vehicle you would like to purchase will need to meet certain standards and requirements.
  • Short term loans/ Payday loans

    A payday loan can be a quick source of credit of up to $5,000 and need to be repaid in full by your next payday. This type of quick cash loan can be applied for very easily and is available to citizens that might have a bad credit score. Once the loan has been approved the money will be paid directly into your bank account within an hour.

How do I apply for a Short-term loan online?

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.

Which Short-term loan is for me?

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:

  • How much do you need to borrow?

    This will help you identify lenders that offer the amount that you need.
  • How long do you need to pay back the loan?

    The loan term is very important and different lenders offer different terms and conditions. Some lenders will allow you to customize your loan repayment terms.
  • How fast do you need the money?

    If you need a quick loan then it is best to look for a lender that will transfer the funds into your account as quickly as possible.
  • Is there a top-up option?

    Some lenders allow you to top up the loan amount after you have paid back a portion of the loan.

Things you should avoid

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.

Do I qualify for a Short-term loan?

To qualify you to need to meet the following criteria:

  • You must be 18 years old or older
  • You must have a job with a regular income
  • You need to be an Australian citizen
  • You will need to have a bank account where the loan can be paid into
  • You must be able to afford the repayment terms.

Here are some advantages of a Short-term loan

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.

Short-term loan calculator

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

List of direct lenders offering Short-term loans

  1. Bankwest Short-term loan

    Bankwest

    • Loans up to $100,000
    • Term up to 5 years
    • Interest from 8%
  2. Cash Direct Short-term loan

    Cash Direct

    • Loans up to $2,000
    • Term up to 6 months
    • Interest from 48%
  3. MoneyMe Short-term loan

    MoneyMe

    • Loans up to $15,000
    • Term up to 12 months
    • Interest from 48%
  4. Nimble Short-term loan

    Nimble

    • Loans up to $5,000
    • Term up to 22 months
    • Interest from 48%
  5. Personal Loans Now Short-term loan

    Personal Loans ...

    • Loans up to $5,000
    • Term up to 12 months
    • Interest from 48%
  6. SRG Finance Short-term loan

    SRG Finance

    • Loans up to $3,000
    • Term up to 12 months
    • Interest from 48%
  7. Club Money Short-term loan

    Club Money

    • Loans up to $5,000
    • Term up to 365 days
    • Interest from 48%
  8. Capfin Short-term loan

    Capfin

    • Loans up to $5,000
    • Term up to 78 weeks
    • Interest from 48%
  9. Credit24 Short-term loan

    Credit24

    • Loans up to $10,000
    • Term up to 36 months
    • Interest up to 48%
  10. IBF Short-term loan

    IBF

    • Loans up to $2,000,000
    • Term up to 6 months
    • Interest from 48%
  11. Mango Credit Short-term loan

    Mango Credit

    • Loans up to $500,000
    • Term up to 12 months
    • Interest from 48%
  12. MiFinance Short-term loan

    MiFinance

    • Loans up to $2,000
    • Term up to 6 months
    • Interest from 48%
  13. OK Money Short-term loan

    OK Money

    • Loans up to $2,000
    • Term up to 12 months
    • Interest from 48%
  14. Oz Money Short-term loan

    Oz Money

    • Loans up to $15,000
    • Term up to 24 months
    • Interest from 48%
  15. RateSetter Short-term loan

    RateSetter

    • Loans up to $45,000
    • Term up to 5 years
    • Interest from 7.8%
  16. Swift Short-term loan

    Swift

    • Loans up to $4,500
    • Term up to 18 weeks
    • Interest from 48%
  17. Teachers Mutual Bank Short-term loan

    Teachers Mutual...

    • Loans up to $80,000
    • Term up to 6 years
    • Interest from 20%
  18. Viva Loans Short-term loan

    Viva Loans

    • Loans up to $5,000
    • Term up to 12 months
    • Interest from 199.43%
  19. Cash on your Mobile Short-term loan

    Cash on your Mo...

    • Loans up to $50,000
    • Term up to 12 months
    • Interest from 48%
  20. Cash Stop Short-term loan

    Cash Stop

    • Loans up to $5,000
    • Term up to 12 months
    • Interest from 48%
  21. Safe Financial Short-term loan

    Safe Financial

    • Loans up to $5,000
    • Term up to 1 year
    • Interest from 8.7%
  22. Cash Train Short-term loan

    Cash Train

    • Loans up to $2,000
    • Term up to 3 months
    • Interest from 48%
  23. Good to Go Short-term loan

    Good to Go

    • Loans up to $5,000
    • Term up to 52 weeks
    • Interest from 48%
  24. Rapid Short-term loan

    Rapid

    • Loans up to $10,000
    • Term up to 40 months
    • Interest from 12%
  25. Sunshine Short-term loan

    Sunshine

    • Loans up to $2,000
    • Term up to 9 week
    • Interest from 48%
  26. Ferratum Short-term loan

    Ferratum

    • Loans up to $1,900
    • Term up to 6 months
    • Interest from 48%
  27. Wallet Wizard Short-term loan

    Wallet Wizard

    • Loans up to $5,000
    • Term up to 18 weeks
    • Interest from 48%
  28. Fair Go Finance Short-term loan

    Fair Go Finance

    • Loans up to $2,000
    • Term up to 7 months
    • Interest from 48%
  29. Nifty Short-term loan

    Nifty

    • Loans up to $5,000
    • Term up to 6 months
    • Interest from 48%
  30. Cash Loans Melbourne Short-term loan

    Cash Loans Melb...

    • Loans up to $2,000
    • Term up to 4 weeks
    • Interest from 48%
  31. Australian Lending Centre Short-term loan

    Australian Lend...

    • Loans up to $5,000,000
    • Term up to 30 years
    • Interest from 0.25%
  32. Australian Internet Loans Short-term loan

    Australian Inte...

    • No credit checks
    • Term up to 5 years
    • Interest from 36%
  33. PFG Mortgage Managers Short-term loan

    PFG Mortgage Ma...

    • Loans up to $50,000
    • Fund your business
    • Interest from 48%
  34. Global Capital Short-term loan

    Global Capital

    • Quick loan approval
    • Term up to 12 month
    • Interest from 4.45%
  35. Enably Short-term loan

    Enably

    • Loans up to $20,000
    • Term up to 24 months
    • Interest from 48%
  36. Personal Loans on Spot Short-term loan

    Personal Loans ...

    • Loans up to $1,500
    • Term up to 12 months
    • Interest from 48%
  37. Credit Card Guru Short-term loan

    Credit Card Gur...

    • Loans up to $40,000
    • Term up to 84 months
    • Interest from 10.42%
  38. Purple Payday Loans Short-term loan

    Purple Payday L...

    • Loans up to $2,000
    • Term up to 45 days
    • Interest from 48%
  39. Max Finance Short-term loan

    Max Finance

    • Loans up to $500,000
    • Term up to 36 months
    • Interest from 21.6%
  40. AMX Money Short-term loan

    AMX Money

    • Loans up to $50,000
    • Term up to 12 months
    • Interest from 48%
  41. DollarsDirect Short-term loan

    DollarsDirect

    • Loans up to $2,000
    • Term up to 30 days
    • Interest from 48%
  42. Australia Cash Loans Short-term loan

    Australia Cash ...

    • Loans up to $5,000
    • Term up to 12 months
    • Interest from 48%
  43. Short Term Loans Sydney Short-term loan

    Short Term Loan...

    • Loans up to $4,600
    • Term up to 12 months
    • Interest from 48%
  44. Sprint Short-term loan

    Sprint

    • Loans up to $4,500
    • Term up to 12 months
    • Interest from 48%