Determining if a small loan is for you

If you are looking for a little bit of extra cash for your dream holiday, some home renovations or just have an unexpected expense, then our small loan may be right for you. With our simple online application and quick approval your funds get deposited directly into your bank account making the process quick and easy, allowing you to start enjoying your money immediately. Before you decide to apply for a small loan there are a few questions to ask yourself first:

1. Is a small loan right for me?
   Our mini loans could be a big help if you need some fast cash. You can borrow in $500 increments from $1,000 up to a total amount of $5,000. If this amount covers your expenses than this is likely the loan you want. However this loan should not be used to manage your existing debt. If you are under financial stress and your existing loans or maxed out credit cards total more than $8,000, you may wish to consider a debt agreement to ease your troubles

2. How much money should I borrow?
   How much money you borrow will depend on both the amount you need and the amount you can afford to repay. While you can apply for up to $5,000, you should never borrow more than you actually need. You can use our loan repayment calculator to determine your weekly repayment amount. With a small loan your weekly, fortnightly or monthly repayments are fixed making it easier for you to budget. If you think this amount fits into your budget then you should be good to go

3. Am I eligible for a small loan?
   This is probably one of the most common questions. It’s all well and good to determine how much you want to borrow but you likely want to know if you will be approved. All our loan applications are assessed with our responsible lending criteria to make sure you will be able to afford the repayments. To apply, you need to be taking home an income of at least $500 per week and you need a bank account in your name. You can apply regardless of if you have good or bad credit and same day funding is available to approved customers. During office hours, you will often receive a conditional answer within minutes of applying

If you think our fast mini loan is for you, you can get more information and apply online here.  If you need to borrow more money and need it for something specific, you may want to check out our car loans and home loans.

Normal lending criteria applies.