Rating based on 25 reviews


  • Short-term loans up to $2,000
  • Low-interest starting from 48%
  • Repayment up to 6 months

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Author MiFinance. Screenshot of MiFinance website.
[Accessed May 2, 2023]

Mifinance - Tailor-made loans for you

MiFinance offers online loans in Australia from between $100 to $800 with very easy repayment terms you can choose to pay weekly, fortnightly or monthly.

When you need some cash for life’s unexpected expenses or you need to pay a forgotten bill to apply for their short-term loans and have the cash paid directly into your bank account. 

To apply

  • To apply for one of their quick loans you must be 18 years old or older and you must be an Australian citizen and have been employed for at least 3 months.
  • To apply for a loan simply fill in the online application form with your personal details.
  • They will need your account information as well as a 90-day statement from your bank this must be for the account that you would like the money to be paid into. They will need a copy of your ID and contact your employer to verify your details.
  • Once they have made sure that you qualify for a loan they will contact you and let you know the outcome of your online loan application. If your loan application is successful, they will pay the loan directly into the nominated bank account on the same day or on the next business day.

Loans between $100 and $800

They offer personal loans when you need them. Chose to borrow between $100 and $800 for those little-unexpected expenses your repayment terms will match up with your salary payments either weekly, fortnightly or monthly.

Do you have an ABN?

If you are a small business owner, a sole operator or a subcontractor and you need a loan for business purposes they offer short-term business loans. Their ABN loans range from $100 to $1000 and are intended to be short-term loans for small amounts to help your business through a rainy day or unexpected expense.

These short-term loans are perfect for subcontractors that need to wait until they have finished a job in order to get paid.

These types of loans can be used to pay the following:

  • Purchase stock and material
  • Pay wages
  • Pay living expenses

MiFinance – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 48%
  • Loan Amount up to $2,000
  • Repayment 61 days to 6 months

Benefits of MiFinance

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

Short-term loan calculator

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

Mifinance - Easy and fast loan applications

In order to apply, they will need you to supply a 90-day bank statement that proves you have a regular income and are currently employed.

The process can be completed online and because the loan is for business expenses you can claim their fees as tax expenses.

Cheap and easy

Their ABN business loans are easy to apply for and will be granted if they can see that your business will be able to comfortably pay back the loan amount.

You will be given a month to pay back the short-term loan. The interest rate is very favourable and charged at 20% for 30 days and you don’t need to list any item as collateral to secure your loan.

Warning against borrowing

It is very simple to get a loan and very easy to fall into a borrowing trap. Before you decide to take out an emergency loan you should make sure that taking a loan is in your best interest and only apply for the loan if are sure that you will be able to pay back the loan easily and that paying it back won’t adversely affect your finances.

You should only borrow money if you really need to and only borrow as much as you need or you will end up wasting the money and not solving any of your money problems.

Help with your finances

If you need help with managing your finances call toll free 1800 007 007 to speak to an independent financial counsellor.

You could contact your gas, electricity or water provider to negotiate a payment plan that you will be able to follow.

Government benefits

If you receive Government benefits you can arrange to get an advance from Centrelink instead of a payday loan that might push you further into debt.

Visit the MoneySmart website to find out about other options available and how to make small loans work for you.  Or visit www.humanservices.gov.au/advancepayments

You can’t pay what now?

If you can’t pay back the loan or have difficulty making a payment, please contact them, they want to help you, but they can only assist you if you let them know. 

If you contact them, they will be able to negotiate a more favourable repayment schedule that you will be able to stick to they will charge you a $20 payment reduction fee in order to make this agreement.

If you miss a payment and you don’t let them know in advance you will be charged a penalty fee of $30. If they haven’t heard from you within 60 days that your loan is overdue then they will hand you over to a collection agency and they may have extra fees and charges. This may adversely affect your credit score.

Loans don’t roll over

Their loans do not roll over so there are no renewal fees. If you would like to apply for a loan after you have repaid your own loan in full, you may reapply.

Your past loan repayments will count in your favour and you will be approved for a loan more easily. Click on the returning customer tab so they can give you the same service that you are used to.

MiFinance financial services are a responsible lender and will ensure that granting a loan is in your best interest.

Contact them   

Contact them online or call 1800 825 805 or send them an email at apply@mifinance.com.au

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MiFinance is a trusted & reliable provider of short-term 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

I was able to complete the application at the comfort of my home. Thank you Mi Finance for advanced technology.

Matthew N
— Sydeny —

I was able to start up my business with the business loan from Mi Finance. My business is operating very well.

Zac B
— Tweet Heads —

Their consultants are very knowledgeable and efficient.

Ian G
— Perth —

MiFinance Contact

Physical Address

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

Postal Address

  • P.O. Box 40, Goodna, 4300, QLD

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed