Small Loans

In Australia, a Small Amount Credit Contract is a personal loan of $2,000 or less, repaid over 62 to 180 days. Ours start at $300.

If you need more than that, a Medium Loan covers $2,100 to $5,000 over 3 to 12 months. Both are unsecured personal loans — we don’t take your car or your house as security — and you can use them for most everyday expenses.

Often, yes. A patchy credit file isn’t an automatic no. We look at your current situation — your income, your recent banking history and whether the repayments genuinely fit your budget.

We do run a credit check, and we can’t promise an approval. If you are bankrupt, in a Part IX debt agreement or a Part X personal insolvency agreement, we won’t be able to help.

Almost anything legal and reasonable. Car repairs, vet bills, a dental gap, a rental bond, school fees, a replacement fridge, folding a couple of small debts into one repayment. We ask what it’s for because responsible lending requires it, not to talk you out of it.

You need to be at least 18, an Australian citizen or permanent resident, and receiving a regular income — from employment or another ongoing source — for at least three months.

Have your mobile, your email and your internet banking login handy. We use a secure read-only connection to view your bank statements so you don’t have to dig up PDFs. First-time customers may be eligible to borrow up to $600 if employed, or up to $300 if receiving Centrelink benefits.

Small Loans from $300 to $2,000, Medium Loans from $2,100 to $5,000. The amount we can offer you depends on your income, your regular commitments and what you can comfortably repay — we work that out during the assessment, not before it.

If you already have a loan with us, you’ll need to finish those repayments before applying for another one.

Small Loans of $2,000 or less have no interest and no APR. You pay a 20% establishment fee on the amount borrowed plus a 4% monthly fee, over 3 to 6 months. Borrow $1,000 over 3 months and you repay $1,320 in total — $1,000 principal, a $200 establishment fee and $120 in monthly fees.

Medium Loans between $2,100 and $5,000 have a $400 establishment fee and a maximum APR of 48% (comparison rate 65.6597% p.a.). A $3,000 loan over one year would come to $4,289 in total.

Every figure that applies to your loan is shown before you sign.

No. We can’t say whether you’ll be approved until we’ve assessed a completed application. Applying leaves a credit enquiry on your file, the same as it would with any lender.

What we can say is this: we look at your current capacity to repay, not just your credit score, and plenty of our customers came to us after being knocked back somewhere else.

Not on Small Loans of $2,000 or less. Australian rules cap the establishment and monthly fees instead of an interest rate, so the APR is not applicable. We charge 20% to set the loan up and 4% of the amount borrowed each month.

Medium Loans above $2,000 do charge interest, capped at 48% p.a., plus a $400 establishment fee.

The application takes about five minutes and most people get an outcome in seconds. Some applications need a closer look and can take up to a business day, longer if we need more information.

Once you accept and sign your contract, we send the transfer straight away. How quickly it shows up depends on your bank. Many customers see it within minutes; some banks take longer, especially outside business hours.

That depends on the amount, the term and whether you’re on a Small Loan or a Medium Loan. Use the calculator at the top of this page for a clear picture, then set weekly, fortnightly or monthly repayments around your payday.

Want to clear it early? Go for it. We don’t charge you for getting ahead, and the monthly fees stop from that point on.